We are looking for a Qualified Accountant who wants to make a difference to the health services in Cornwall. The is an exciting 12-month interim opportunity for a proven and ambitious individual to lead the finance and procurement functions supporting delivery of the exciting plans of the Trust.
This exciting role provides a great opportunity to contribute to the performance of the Trust and to develop your career while making a difference to health care services in Cornwall.
A senior leadership role overseeing the day-to-day functions of the finance and procurement teams, whilst also being a key part of the trust leadership team with a wide variation of projects and exposure to various stakeholders across the services within RCHT.
You will bring excellent financial management skills and will have experience of working in teams with a proven track record in delivering successful and measurable outcomes. With excellent negotiation skills and leadership skills, you will have the ability to help deliver change and improvements across numerous work streams.
We have a fantastic variety of work underway at our hospital which will both stretch you professionally and ensure you have a rewarding workplace experience. You will be an important part of a committed and high performing finance team, as well as partnering with clinical and operational colleagues.
Main duties of the job
The Deputy Director of Finance will provide leadership and direction to the Finance and Procurement Department, ensuring delivery of statutory financial duties.
The Deputy Director of Finance will need to be technically strong, have the vision and leadership skills to drive continuous improvement across the Finance and Procurement departments and support the senior leadership team in their delivery.
The Deputy Director of Finance will deliver effective systems of internal controls and assurance processes to ensure probity and transparency in the spending of public funds, including monitoring the financial performance of the organisation, financial reporting and minimising financial risk.
The Deputy Director of Finance will present and communicate information on the financial implications of strategic and operational decisions to the Board and sub-committees of the Board (Audit, Finance and Risk), the internal and external auditors and other regulatory bodies.
The Deputy Director of Finance will be required to deputise for the Chief Finance Officer in their absence, both externally in the system and internally across the relevant portfolio.
They will also take part in Executive On-Call rota.
The Deputy Director of Finance is expected to set the tone for ethical practice, inclusion and behaviour within the organisation and should act as role model for those who work within the Finance and Procurement teams.
The Royal Cornwall Hospitals NHS Trust (RCHT) is the main provider of acute and specialist care services in Cornwall and the Isles of Scilly.
We welcome applications from all suitably qualified persons irrespective of peoples age, disability, sex, gender identity and gender expression, race or ethnicity, religion or belief, sexual orientation, or other personal circumstances.
The role is currently full time at 37.5 hours per week but please speak to us about how we might be able to accommodate a flexible working arrangement. Alongside currently supporting many roles to be delivered part time we also support flexible working which is within a well-established framework. Our philosophy is that if it works for the service, we will do our best to make it work for you.
The finance and procurement department has a friendly and supportive culture and operate a hybrid working approach with attendance on site required a minimum of 1 day per week. As a new starter you will mostly be office based for the first three months as this seems to be the most effective way to provide support but this will be dependent on the role and your circumstances.
If you need support with the application or interview process, please contact us to discuss how we can help.
We provide numerous opportunities for training and development for all staff.
PURPOSE OF THE ROLE
• The Deputy Director of Finance will provide leadership and direction to the Finance and Procurement Department, ensuring delivery of statutory financial duties.
• The Deputy Director of Finance will need to be technically strong, have the vision and leadership skills to drive continuous improvement across the Finance and Procurement departments and support the senior leadership team in their delivery.
• The Deputy Director of Finance will deliver effective systems of internal controls and assurance processes to ensure probity and transparency in the spending of public funds, including monitoring the financial performance of the organisation, financial reporting and minimising financial risk.
• The Deputy Director of Finance will present and communicate information on the financial implications of strategic and operational decisions to the Board and sub-committees of the Board (Audit, Finance and Risk), the internal and external auditors and other regulatory bodies.
• The Deputy Director of Finance will be required to deputise for the Chief Finance Officer in their absence, both externally in the system and internally across the relevant portfolio.
• The Deputy Director of Finance will undertake the role of Charity Treasurer for the Royal Cornwall Hospitals Charity, under delegation from the Chief Finance Officer.
• They will also take part in Executive On-Call rota.
• The Deputy Director of Finance is expected to set the tone for ethical practice, inclusion and behaviour within the organisation and should act as role model for those who work within the Finance and Procurement teams and to those who support and work in partnership with the organisation.
• Day to day management of staff including recruitment, appraisals, performance and development.
KNOWLEDGE, SKILLS & EXPERIENCE REQUIRED
• Must be a qualified accountant who is an active member of the Consultative Committee of Accountancy Bodies (CCAB) or CIMA. They must have professional support and networks that are subject to oversight by a body with disciplinary powers.
• Highly developed specialist knowledge underpinned by experience. In depth specialist knowledge of financial procedures, legislation and policies. Provides advice to financial and non-financial colleagues.
• Significant recent and relevant post qualification experience at a senior managerial level within a finance role, including strategic & staff leadership roles & experience of developing systems and processes to adapt to changing environments.
• Excellent verbal & written communication skills in particular the ability to communicate complex ideas; to lead and facilitate meetings and giving feedback and recommendations to all levels of the organisation.
• The Deputy Director of Finance will comply with professional quality standards, particularly professional ethics, continued professional development and international and national external reporting requirements.
• Line management of the team including recruitment, appraisal, discipline, training and education, management of leave and absence and management of continuing Professional Development
KEY RESULT AREAS
The key result areas below encompass some of the key aspects of the role, these are not intended to be exhaustive.
• Deliver effective reporting systems to Trust Board, Board Sub Committees, Care Groups, Corporate Departments, Wards and Specialties.
• Ensuring that systems and processes are in place for the preparation and review of the Trusts Annual Financial Plan and for monitoring and formally reporting on the financial performance of the Trust, identifying where corrective action is required and advising on implementation.
• Ensuring that financial decision making and financial activities within the Trust comply with Standing Financial Instructions, Standing Orders, Schemes of Delegation, accounting standards and policies and best practice.
• Prepare and present financial and activity information in a manner that is comprehensive yet concise and easily understood by finance and non-finance colleagues, including the public.
• Oversee and develop systems of financial management that ensure that trends and forecasts are available to the organisation to enable effective and efficient management of services by the Trust management.
• Interpret and implement national and regional guidance, communicating key messages to the relevant committees and internally to the finance and procurement teams.
Design and implement policy in the areas of:
• Financial Management, including income
• Financial and Business Planning
• Business Cases
• Service Line Reporting and Patient Level Costing
• Financial systems
• Manage a multiplicity of targets and objectives. Makes judgements regarding allocation of resources and financial risks in areas where there is no precedent and potential for disagreement with senior staff.
• Be responsible for the integrity, accuracy and timeliness of financial information to support the business making decision processes of the Trust. It is expected that the standards delivered will be measured against national standards and benchmarks and will deliver national best practice in all relevant areas.
• Design systems that will identify current, emerging and anticipated financial risks, classified by probability, impact, ownership, effect on the organisation and mitigating measures.
• Receive and analyse data and information from service suppliers, including the Trusts own services and draw conclusions as to the ongoing management and delivery of targets prescribed by the Trusts regulators, the Trusts corporate objectives, Department of Health and Government.
• Undertake surveys/audit related to own work.
• Work autonomously and interprets available standards and guidance.
Financial Reporting & Control
• To manage and co-ordinate the monthly management accounting process. To produce the monthly Finance report to the Board of Directors in accordance with the Boards requirements to provide them accurate and timely information on the Trusts financial performance and KPIs.
• To be the lead expert and to ensure that accurate, timely and useful financial information is provided monthly or to agreed timetables to Executive Directors, Clinical Directors, Managers and Budget Holders. Leading the Trusts Annual Budgeting process and the monitoring and reporting of performance against budget throughout the year including Efficiency programme and Capital Programme.
• To ensure that the statutory financial returns to NHS England are accurate and timely, that the information gives a true and fair view of the Trusts financial position.
• To take lead responsibility for the completion of the Trusts statutory annual accounts.
• To ensure that the Trust works closely with its Internal and External Auditors to ensure audits are completed to plan and that any areas of uncertainty are discussed and clarified in a timely fashion.
• To take responsibility of the Trusts income position, negotiations with Commissioners and ensuring income is invoiced in a timely fashion in order to maximise the cash flow to the Trust.
• To ensure that all Care Groups and Corporate Departments are aware of their financial performance including against the Trusts efficiency programme.
• Responsibility for the review, upgrade, update, and implementation of the Care Groups and Corporate Departments facing financial and accounting systems as required.
• The postholder should ensure that standards of reporting, financial control and auditing apply to Charitable Funds as to the main functions of the organisation. These need to be applied in an effective and efficient manner in order to maximise the benefits to patients of the donations received.
• The postholder has a duty of care on behalf of the Trustees to ensure any expenditure falls within the terms of the Trust deed and that the requirements of the law, of the Charity Commission and the HM Revenue and Customs are met.
• Trust Wide Financial Costing
• Be responsible for the financial aspects of the Trusts Patient Level Information and Costing System.
• Be responsible for the annual production of reference costs in line with Department of Health deadlines and requirements.
• Business Cases and Capital
• Provide professional finance support on major capital business cases.
• Responsible for the overall production and management of the Trusts Capital Programme, including major projects funded by public dividend capital.
• Qualified Accountant
• Better Business Case Training Foundation (Accredited)
• Extensive experience in a senior financial management role, managing a large team
• A track record of delivering high quality financial outputs including delivery of accounts and challenging financial plans
• Experience of building personal and professional credibility with senior staff, external organisations and Board level colleagues
• Experience of working across various sectors of the NHS
• Experience of leading positive changes in respect of Equality, Diversity and Inclusion.
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.