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Band 8C Associate Director of Commercial Finance

Employer
Royal Free London NHS Foundation Trust
Location
Hampstead
Salary
£78,163 to £88,884 Per annum inclusive of HCAS
Closing date
4 May 2024

View more

Profession
Other Health Profession
Grade
Band 8C
Contract Type
Permanent
Hours
Full Time
This role is for a senior finance leader seeking a position beyond that of a normal NHS financial management role. The individual will be an astute leader who possesses significant understanding of, and ability to, apply corporate and commercial accounting principles. The Associate Director of Commercial Finance will form part of the PPU board and will report to the Unit Director.

With the support of the Director of the unit and Director of Financial Performance, the successful candidate will set the financial strategy, maintain a healthy and sustainable budget statement (applying commercial and NHS accounting principles), critically appraise and challenge business proposals, and will support high-level negotiation with business-to-business (B2B) customers (e.g., private medical insurers, international embassies).

The Royal Free London NHS FT and Private Patients Unit believes in developing talent so the successful individual will be supported with any relevant training and mentorship necessary for success in the role. We are seeking an exceptionally talented commercial leader so if this sounds like you and you are looking for a position where you are valued, developed and constructively challenged every day, then don't miss out on this rare opportunity.

Main duties of the job

  • Lead the financial strategy, maintain a strong grip of operational financial control.
  • Develop productive partnership working with other areas to drive the commercial growth strategy profitably.
  • To drive improvements in financial productivity always maintaining a commercial mindset.
  • Provide leadership and direction to finance team ensuring they strictly adhere to good financial management principles.
  • Lead annual budget setting.
  • Support senior leaders with financial grip within their areas of budgetary responsibility.
  • To support commercial propositions and maintain responsibility for the financial management of key contracts.
  • Lead on driving enhancements to the financial reporting.
  • Lead on the development of financial benefits realisation.
  • Form productive working relationships and exert influence (often informal) with key Group interfaces.


About us

Please see the job description and person specification for a detailed explanation of working for the PPU and role requirements.

Job description

Job responsibilities

Please see the job description and person specification for a detailed explanation of working for the PPU and role requirements.

Person Specification

Skills and knowledge

Essential

  • Strong grip of commercial financial practices incl. managing a profitable P& L statement according to IFRS principles.
  • Leadership qualities and influencing skills: o Ability to understand complex problems. o Ability to work in a professional and positive manner and meet challenging deadlines. o Able to challenge effectively while maintaining cordial relationships. o Pro-active, dynamic and flexible. o Ability to work autonomously. o Demonstrating initiative to work as an individual and in a team to meet deadlines.
  • Ability to operate as part of a senior leadership board, proactively identifying ways to improve delivery and work with others to initiate change.
  • Strong analytical skills with the ability to solve highly complex financial problems.
  • Excellent verbal and written communication skills
  • The ability to manage own time and prioritise delivering to tight deadlines, managing the demands of senior stakeholders simultaneously.
  • Expert ability in use of IT software (Excel, PowerPoint, Microsoft Word, etc.) to prepare and present accurate, clear information and to identify what can be produced from other financial systems
  • Strong organisational skills and ability to prioritise.
  • Flexible and able to manage workload to ensure delivery of both regular commitments and the support of others' (PPU and RFL Group) important initiatives.
  • Expert ability to provide advice and support for all financial and accounting queries.
  • Able to influence others and be able to present a coherent case in support of a desired strategic outcome or plan persuasively.
  • Ability to challenge assumptions, and articulate alternative interpretations, scenarios and strategies tactfully and persuasively.
  • Manage workload to achieve results and meet deadlines, understanding what motivates people to perform and be able to gain the respect and support of other staff and leaders.
  • Ability and credibility to represent the Trust at offsite meetings, including international arenas.


Royal Free World Class Values

Essential

  • Demonstrable ability to meet the Trust Values


Qualifications

Essential

  • Professional qualification in accountancy (CIMA, ACA, CIPFA, ACCA).
  • Experience of working in a senior finance role, advising Executive Directors and other senior management.
  • Expert knowledge gained through further postqualification specialist training or experience. Evidence of maintaining and developing technical accounting expertise and of staying up to date with current accounting rules since qualification.


Desirable

  • MBA from a reputable business school


Experience

Essential

  • Experience of business partnering, supporting senior managers and/ or directors in service developments.
  • Demonstrable evidence of leading sound financial management processes for billing, treasury and credit control with minimal debt provision
  • Experience of using complex financial models for assessing risk and informing decision-making.
  • Experience in making or advising on complex decisions involving financial risk.
  • Demonstrable positive negotiation outcomes involving large and often imbalanced negotiation partners
  • Experience of leading on large business cases or developments and assisting internal customers in understanding the assumptions and risks inherent in those business cases.
  • Experience of having worked with large, complicated sources of information, drawing inferences and developing strategy on the basis of the analysis.
  • Experience presenting complex financial information to non-financial managers and directors.
  • Evidence of having worked for a large commercial organisation responsible for complicated negotiation, billing and credit control arrangements.
  • Understand the concepts underpinning the development of a commercial strategy and the elements which can be manipulated to gain competitive advantage.
  • Strategic financial planning and problem-solving taking responsibility for policy and service development as well as financial reporting.


Desirable

  • NHS and/or PPU financial management experience.
  • Evidenced relationship management of embassies and/or Private Medical Insurers.


Employer details

Employer name

Royal Free London NHS Foundation Trust

Address

Royal Free Hospital

Pond Street

Hampstead

NW3 2QG

Any attachments will be accessible after you click to apply.

391-RFL-6199876

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