Skip to main content

This job has expired

Site Director of Finance - PRUH

Employer
King's College Hospital NHS Foundation Trust
Location
Orpington
Salary
£105,327 to £120,385 a year p.a including High Cost Allowance
Closing date
4 May 2024

View more

Profession
Other Health Profession
Grade
Band 9
Contract Type
Permanent
Hours
Full Time

Job Details

As a key part of the Site Executive Team, the post holder will constructively and positively build and challenge all aspects of the Site's financial, operational and business performance.

The post holder will be professionally accountable to the Deputy Chief Financial Officer for the Business Partnering team's adherence to Trust financial policies and procedures, statutory requirements and requirements from Department of Health and NHS England. The Site Director of Finance will be accountable for interpreting changes in government policy and assessing the financial impact of these changes on the finances of the Site and the wider Trust. The Site Director of Finance will propose and implement changes to Trust policy as appropriate, ensuring that policies and procedures are developed and implemented in line with Trust requirements.

The post holder will be a dynamic and pro-active individual who is confident in challenging senior stakeholders and can communicate at sub-Board level. The role requires the post holder to educate and constructively challenge the Site Executive Team on its financial performance and lead on the development and delivery of recovery initiatives where the Site deviates from plan.

The post holder must have a recognised CCAB or equivalent qualification and have significant experience in senior roles within finance and be fully committed to Continuous Professional Development.

Please refer to the job description for further details.

Main duties of the job

Finance and Business Planning
  • To lead the development of an integrated income, expenditure, workforce, activity and capacity plan for the Site. This will include planning for Financial Risk Ratings, Key Performance Indicators and Override Factors prescribed within the Financial Compliance Framework.
  • To challenge the Site executive team's assumptions and plans to ensure that they are aligned to the Trust's strategy and overall financial situation and financial recovery agenda.
  • To ensure that datasets required for the production of the plan are uploaded accurately within the Trust's financial planning system.
  • To prepare detailed bridging statements reconciling year on year performance and validating key movements.
  • To maintain a detailed schedule of normalising adjustments to ensure the underlying trend analysis and year on year comparison can be clearly reported.
  • To identify financial risks and produce a downside financial plan and identify mitigations.
  • To lead the development of activity based costing as the basis for planning direct cost budgets and forecasts.
  • To lead finance meetings with Executive Directors and/or external organisations, providing financial advice and support as required.
  • To liaise and maintain good working relationships with all departments and appropriate external agencies.


About us

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c�1 billion, 1.5 million patient contacts a year and around 14,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in Bromley.

King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.

The Princess Royal University Hospital (PRUH) is based in the London Borough of Bromley and additionally manages services at Orpington Hospital, Beckenham Beacon and Queen Mary's Hospital, Sidcup. The PRUH employs approximately 3800 people.

Reporting to the Site Chief Executive, the Site Director of Finance is a key member of the Site executive team and as such has shared accountability for the hospital meeting its strategic, operational, and financial objectives.

Job description

Job responsibilities

Decision Support
  • To provide policy advice to the business to ensure an evidence-based approach to business decisions.
  • To lead the development of business cases for Finance and Investment Committee where the level of investment exceeds the delegated limit for the Site.
  • To ensure business cases have an objective method of measuring benefits and lead a systematic approach to reporting and supporting delivery expected benefits.

Income
  • To maximise income receivable to the Site by:
    • Providing expert advice and training on Payment by Results.
    • Working with the Deputy Chief Financial Officer to ensure Service Level Agreements are in place for all non-NHS Clinical Income and prices are regularly reviewed and updated.
    • Minimising income lost through poor data capture, incorrect coding and pricing and contractual penalties through effective reporting.

People Management and Performance
  • Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
  • Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
  • Ensure the team is compliant with all mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
  • Manage team attendance and absence in line with Trust policy ensuring the appropriate return to work meetings occur, e-roster is updated and productivity is at keep to the highest possible level.
  • Identify and fill vacancies that arise within the team in line with the Trusts recruitment policy and process.
  • Identify talent and support the internal talent management process in order attract and retain and succession plan for your people.
  • Review skills mix at regular intervals in order to identify any potential opportunities to maximise resource utilisation / allocation, ensuring job descriptions are kept up to date.
  • Ensure overall wellbeing of the team is maintained. Continuously support in improving the morale of the team and implementing a culture of zero-tolerance for bullying and harassment.
  • To manage and develop the Finance function as part of the Senior Leadership Team, to develop a common sense of identity, priority and direction.

Other
  • To present financial and business information to a variety of stakeholder groups.
  • To undertake all mandatory training in line with Trust policies and procedures.
  • To take personal responsibility for own professional development.
  • To maintain own professional competence and credibility.
  • To adhere to relevant professional code at all times.
  • To provide cover for the Deputy CFO and senior colleagues as appropriate, with agreement of the Site Chief Executive.
  • To assist in producing ad hoc reports and in project work.
  • To undertake any other duties requested as appropriate to the banding.


Person Specification

Qualifications

Essential

  • CCAB qualified accountant with significant post qualification experience in financial leadership roles.
  • Masters in financial or business discipline or equivalent experience and training
  • Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards
  • Significant post-qualification experience in a strategic finance leadership in a large complex organisation.
  • Experience of working with computerised financial systems.


Desirable

  • Experience and knowledge of the NHS including the financial and political agenda
  • Understanding of the changing NHS environment and its implications for service delivery.


Employer details

Employer name

King's College Hospital NHS Foundation Trust

Address

Princess Royal University Hospital (PRUH)

Farnborough Common

Orpington

BR6 8ND

Any attachments will be accessible after you click to apply.

213-PRUH-6234423

Company

Get job alerts

Create a job alert and receive personalised job recommendations straight to your inbox.

Create alert