Head of Financial Management
Job overview
Working with the Director of Finance and Deputy Director of Finance, the Head of Financial Management will coordinate financial performance, planning and reporting activities and functions across the Trust, which has a budget of c£600m and approximately 7,000.You will support the delivery of key financial targets / regulatory requirements, and as part of a collective leadership team develop the financial performance framework, leading, coordinating and directing the Trust's financial management teams to provide excellent financial information to support the Trust in delivering our short and medium term financial plans.
The post holder will support the implementation of the Hospital Transformation Programme (£312m capital investment), taking a lead for the revenue changes, working with clinical colleagues for skill changes and monitoring of benefits.
The post holder will, as part of the finance leadership team, play a key role in promoting an organisational culture that actively promotes the Trust's Vision and Values and positively engages staff, service users and other stakeholders in quality improvement and service transformation.
Main duties of the job- Ensure effective financial systems are in place to deliver a full understanding of current financial performance, key variances and their causes and drivers, and effective financial forecasting to the wider organisation.
- Co-ordinate production of the Trusts monthly management accounts, and ensure accurate production of monthly financial information, including the monthly management accounts, within the timescales determined by the Trust.
- Ensure that reports are of the highest quality by defining the quality assurance process and ensuring that key validations and reconciliations are completed.
- Ensure that there is a rigorous review process of the final monthly positions and year-end forecasts and all financial forecasts are operationally owned.
- Support the production of the statutory annual accounts including the provision of information and co-ordination of stock-takes across operational areas.
- Promote and ensure an environment of strong financial control within the Trust, including managing and developing the Trust’s Standing Financial Instructions, Standing Orders and other financial policies including the scheme of delegation.
- Oversee business case development and financial modelling to support the Trust in making sound financial decisions.
Working for our organisation
Join us at The Shrewsbury and Telford Hospital NHS Trust, where our passion for excellence drives everything we do.
We're on a mission to provide high quality, safe care to our patients, in an environment our incredible staff are proud to work in.
Our vision, 'To provide excellent care for the communities we serve,' is not just a statement; it's a promise we live by every day. Guided by our core Values - Partnering, Ambitious, Caring, and Trusted - we're determined to make a real difference in the lives of those who matter most: our patients and their families.
If you're ready to be part of a team that's dedicated to continuous improvement, come join us and let's make a difference together!
The finance department at The Shrewsbury and Telford Hospital NHS Trust has recently been recognised at the HFMA awards, winning both the Finance Team of the Year and Havelock Training Awards. This is a great achievement and something we are extremely proud of.Why not come and join our award winning team and be part of our continued journey.
Detailed job description and main responsibilities
For full duties and responsibilities please refer to the attached document entitled Job Description.
Person specification
Qualifications
Essential criteria- CCAB qualified
- Evidence of CPD
- Masters level qualification
Experience
Essential criteria- Significant record of senior level management experience gained in a complex NHS setting.
- Experience in leading, managing and developing a multidisciplinary team, including objective setting and performance management.
- Detailed knowledge of NHS budgeting and financial planning process and the general NHS finance regime including payment mechanisms and Commissioning etc.
- Experience of developing robust I&E forecasts and delivery of financial balance and financial recovery plans.
- Experience in liaison and negotiation at organisational level internally as well as externally, with a range of stakeholders.
- Demonstrable experience of promoting continuous improvement and high professional standards.
- Experience of successfully managing a large complex budget, monitoring and forecasting expenditure.
Skills
Essential criteria- Problem solving: having the capacity to analyse problems in a logical and structured way using qualitative and quantitative information, generating optional and innovative solutions and adapting approaches to problem-solving to achieve sustainable outcomes.
- Insight: being able to anticipate problems, to understand the driving forces behind problems, or potential problems and being able to identify and use the levers to achieve change.
- Judgement: having the ability to make informed management judgments balancing risk with safety.
- Presentation: being articulate and skilled in presenting ideas to others.
- Opportunism: having the ability to seek out, recognise and pursue opportunities.
- Have proven ability to operate and think laterally at operational and strategic levels, with good analytical skills.
By submitting your application to Trac, you are giving your consent for parts of your application data to be transferred to the NHS Electronic Staff Record (ESR) and other secure, internal NHS Workforce systems. This is to support and manage your recruitment and employment within your employing organisation.
If successful, by completing your application form you authorise the Trust to obtain any previous NHS service details including all electronically held sickness information, via the Inter Authority Transfer process on the national ESR.
If the role requires a qualification/professional registration, you will need to provide proof during the recruitment process. By submitting your application you are giving the Trust permission to check the qualification certificates provided back to the source provider.Please note that a sample of all applicant’s qualifications will be checked with the educational institution or provider.
If you require the application form in an alternative format, please contact the Recruitment Team on 01743 492402.
In the event of a high response to this advertisement, this post will be closed. Early applications are advised.
Unfortunately we do not accept CVs or keep them on file. If you are unable to apply online please contact the person named in the advertisement for the post you are interested in.
We commit to removing barriers for people with disabilities or long-term health conditions in recruitment, training, and career progression. We will offer an interview to all applicants with a disability who meet the minimum criteria for the above position and will support reasonable adjustments wherever possible.In addition, whilst all applicants will be judged on merit alone, we particularly welcome applications from candidates who are male, from black and minority ethnic backgrounds or who have a disability, as these are currently under-represented in our workforce.
We are committed to offering an interview to applicants from the Armed Forces community who meet the minimum criteria for the position. In addition, for those who are successfully appointed from the Armed Forces community, the Trust are committed to recognising previous service and rank in terms of pay, annual leave and other terms and conditions.
We are committed to equal opportunities in employment. The policies and practices of the Trust aim to promote an environment that is free from all forms of unlawful or unfair discrimination and values the diversity of all people. At the heart of our policy, we seek to treat people fairly, flexibly and with dignity and respect.
We are committed to making the Trust a great place to work, where all staff can reach their full potential and bring their whole self to work. We believe in promoting and enhancing inclusion, diversity and equality and welcome and encourage applications from all areas of the community, who meet the criteria for the role, regardless of age, gender, disability, race, religion or sexual orientation.
Don’t meet every single requirement? Studies have shown that women and people from an Ethnic minority background are less likely to apply for jobs unless they meet every single qualification. At The Shrewsbury and Telford Hospital NHS Trust, we are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway.You may be just the right candidate for this or other roles.
We aim to create a trusting, flexible workplace, that attracts talent and enables everyone to be their best working self. Many of our colleagues work flexibly in many different ways, including part-time. Please talk to us at interview about the flexibility you need.We can’t promise to give you exactly what you want, but we do promise a fair and equitable process that balances your needs, the needs of our patients and service delivery.
Thank you for your interest in The Shrewsbury and Telford Hospital NHS Trust, we look forward to receiving your application for employment.