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Deputy Director of Finance

Employer
Bolton NHS Foundation Trust
Location
Farnworth, Bolton, United Kingdom
Salary
Competitive Salary
Closing date
Nov 8, 2024
View more categoriesView less categories
Job Role
Director/Board
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job summary

This post has corporate responsibility for all aspects of the operationalisation of the Trust's financial strategy on a day to day basis. The post holder has direct line management of senior staff within the department and holds a significant standing within the organisation as a whole. The post holder will also have a key supporting role in the development of the following strategies; CIPs, operational planning, financial planning & reporting.

They will lead on the production of accurate and timely monthly financial information for reports to the Board of Directors, Board Sub Committees and other committees. They will be required to interpret complex and changing national policy and advise on the financial impact and expected duties coming out of the policy for the Trust and partners.
Main duties of the job

The post holder will lead the delivery of annual financial plans and their translation into agreed budgets across the organisation, inclusive of required CIP targets. In addition, the post holder leads on improving the development of PLICs with clinical engagement. They will also lead the information agenda to support continued operational performance.

In fulfilling this role they will be required to establish goals and standards to be achieved from a corporate financial perspective, reflective of any issued guidance both internally or given by our regulators. They must deputise for the Director of Operational Finance & Chief Finance Officer as appropriate and undertake all duties in line with the requirements of the role to support the delivery of:

o Financial governance and assurance

o Advice across a range of capital and revenue service changes

o Corporate responsibilities as a senior member of the Trust

The post-holder will be accountable for the review of all complex business cases and financial evaluation of Trust proposals. This will include understanding the local health economy and the potential impact of developments within other Trusts or ICB.

They will be accountable for recruiting, managing and development a team of staff who will provide a professional service to the Trust. This will involve managing professional and personal development needs.
About us

If you are enthusiastic, motivated, and have the expertise to provide effective and innovative financial solutions, we want to hear from you. Join us at an exciting time as we strive to build a 'best-in-class' finance department, providing excellent financial and decision-making support to our operational and clinical colleagues.
Date posted
28 October 2024
Pay scheme
Agenda for change
Band
Band 8d
Salary
£88,168 to £101,677 a year Per Annum
Contract
Permanent
Working pattern
Full-time
Reference number
241-828CD-24
Job locations
Bolton

Minerva Road

Bolton

BL4 0JR

Job description

Job responsibilities

  • To provide support to the Operational Director of Finance on advising the Trust on operational matters relating to all aspects of finance within the Trust.
  • To translate financial governance and assurance guidance both for the short and medium term.
  • To contribute to the financial planning activities of the Trust and, in particular, provide financial input to major capital developments including the corporate appraisal of differential options.
  • To lead, from a corporate perspective, the business planning activities of the Trust and oversee negotiations with the commissioners so that plans and service level agreements meet the objectives of the Trust.
  • To corporately lead the annual budget setting process and ensure that budgets set are reflective of agreed commissioner contracts and account for key issues such as cost pressures, developments and CIP delivery plans.
  • To ensure that financial and budgetary information is available to all levels of the organisation in a timely and accurate manner.
  • To provide support and advice to all those with budgetary responsibility and ensure that all budget managers receive appropriate training and development to facilitate the best possible standards of patient care within available resources. Training and support should also be extended to non budget holders such as Non executive Directors.
  • To work with the Operational Director of Finance and direct reports to develop and review financial systems, procedures and controls to ensure that the budgetary, accounting, income and expenditure systems operate efficiently to the highest professional standards.
  • To co-ordinate the monitoring of financial performance against plan and advice the Director of Operational Finance on major variances and year end projections.
  • To oversee the preparation of monthly reports to the Trust Board and committees on all aspects of financial performance.
  • To support clinical and non-clinical areas in the preparation of business cases, paying particular attention to the financial and economic appraisal of such cases and the linking of these cases to the overall financial strategy of the Trust.
  • To manage the department on a daily basis and provide leadership, direction and motivation through objective setting, regular performance reviews, training and development.
  • To interpret NHS guidance and ensure that Trust financial goals and standards are set to achieve the required guidance outputs.
  • To provide corporate assurance on all financial governance issues.
  • The Deputy Director of Finance will be responsible for the coordination of delivery, to the Director of Operational Finance, of all statutory returns and required monitoring information e.g. Annual Accounts, Regional and National Submissions and National Cost Collection submissions
  • To lead on the development, production and submission of any financial planning models to our regulators or ICB.
  • To deputise as required for the Director of Operational Finance & Chief Finance Officer at key meetings including both internally and to external stakeholders.
  • Responsible for production and maintenance of the Financial Risk Register.
  • Take account of conflicting demands and complex facts, to analyse, interpret and evaluate a range of options for service developments.
  • Ensure sound Financial Services (Debtors, Creditor Payments, Cashiers, Payroll, Procurement) are provided so as to meet statutory requirements, and customer expectations whilst providing value for money.
  • Ensure that the statutory accounts for exchequer and charitable activities of the Trust are completed in accordance with required formats, timescales and professional accounting standards.
Job description Job responsibilities

  • To provide support to the Operational Director of Finance on advising the Trust on operational matters relating to all aspects of finance within the Trust.
  • To translate financial governance and assurance guidance both for the short and medium term.
  • To contribute to the financial planning activities of the Trust and, in particular, provide financial input to major capital developments including the corporate appraisal of differential options.
  • To lead, from a corporate perspective, the business planning activities of the Trust and oversee negotiations with the commissioners so that plans and service level agreements meet the objectives of the Trust.
  • To corporately lead the annual budget setting process and ensure that budgets set are reflective of agreed commissioner contracts and account for key issues such as cost pressures, developments and CIP delivery plans.
  • To ensure that financial and budgetary information is available to all levels of the organisation in a timely and accurate manner.
  • To provide support and advice to all those with budgetary responsibility and ensure that all budget managers receive appropriate training and development to facilitate the best possible standards of patient care within available resources. Training and support should also be extended to non budget holders such as Non executive Directors.
  • To work with the Operational Director of Finance and direct reports to develop and review financial systems, procedures and controls to ensure that the budgetary, accounting, income and expenditure systems operate efficiently to the highest professional standards.
  • To co-ordinate the monitoring of financial performance against plan and advice the Director of Operational Finance on major variances and year end projections.
  • To oversee the preparation of monthly reports to the Trust Board and committees on all aspects of financial performance.
  • To support clinical and non-clinical areas in the preparation of business cases, paying particular attention to the financial and economic appraisal of such cases and the linking of these cases to the overall financial strategy of the Trust.
  • To manage the department on a daily basis and provide leadership, direction and motivation through objective setting, regular performance reviews, training and development.
  • To interpret NHS guidance and ensure that Trust financial goals and standards are set to achieve the required guidance outputs.
  • To provide corporate assurance on all financial governance issues.
  • The Deputy Director of Finance will be responsible for the coordination of delivery, to the Director of Operational Finance, of all statutory returns and required monitoring information e.g. Annual Accounts, Regional and National Submissions and National Cost Collection submissions
  • To lead on the development, production and submission of any financial planning models to our regulators or ICB.
  • To deputise as required for the Director of Operational Finance & Chief Finance Officer at key meetings including both internally and to external stakeholders.
  • Responsible for production and maintenance of the Financial Risk Register.
  • Take account of conflicting demands and complex facts, to analyse, interpret and evaluate a range of options for service developments.
  • Ensure sound Financial Services (Debtors, Creditor Payments, Cashiers, Payroll, Procurement) are provided so as to meet statutory requirements, and customer expectations whilst providing value for money.
  • Ensure that the statutory accounts for exchequer and charitable activities of the Trust are completed in accordance with required formats, timescales and professional accounting standards.


Person Specification

Education/ Qualifications Essential
  • Education/ Qualifications
Experience Essential
  • Experience
Skills & Abilities Essential
  • Skills & Abilities
Work Related Circumstances Essential
  • Work Related Circumstances
Person Specification Education/ Qualifications Essential
  • Education/ Qualifications
Experience Essential
  • Experience
Skills & Abilities Essential
  • Skills & Abilities
Work Related Circumstances Essential
  • Work Related Circumstances
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.
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).

From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see NHS Careers website (opens in a new window).
Additional information 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.
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).

From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see NHS Careers website (opens in a new window).

Employer details

Employer name
Bolton NHS Foundation Trust
Address
Bolton

Minerva Road

Bolton

BL4 0JR

Employer's website
http://www.boltonft.nhs.uk/ (Opens in a new tab)

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