The post-holder will be a key part of the finance leadership team and be expected to participate fully in the senior leadership of that unit.

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The post-holder will have a number of key responsibilities:

• Responsible for financial results of the Trust;

• Responsible for the development of the Trust’s financial plan;

• Accountable for the forecast performance of the Trust;

• Responsible for driving financial value within the Trust to deliver the best quality healthcare at the lowest unit price, and managing interventions where clinical divisions are not delivering as expected;

• To provide professional financial leadership and support to the Trust;

• To ensure that the hospital is complying with the Trust’s financial standards of reporting, control and conduct;

• To lead relevant projects and business cases;

• To provide financial expertise and support to the contracts team as relevant;

• Leadership of the Trust finance team and direct management of the MI and Analysis, Financial Planning, Strategic Projects and Continuous Improvement teams;

• To work with the CFO and Executive Team in managing and minimising financial risk for the organisation;

• To support the delivery of the efficiency savings/productivity plans within the hospital, including supporting the delivery of plans across the wider STP;

• To ensure effective, robust engagement with staff and all stakeholders relating to matters of improving value for the taxpayer;

• To work with other directors in developing strategic partnership arrangements with key stakeholders and commissioners;

• To deputise for the Chief Finance Officer.

• To lead on the financial benefit planning and realisation of a number of Trust wide programmes of work.

 

Financial Planning

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The post holder will contribute to the strategic and operational planning process, ensuring the development of short and medium-term financial plans, based on best practice financial and business principals.

 

Strategy.

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The post holder will play a key role in developing and delivering the Trust’s strategic objectives.

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They will also:

• Propose and develop changes to Trust policy;

• Develop and deliver best value initiatives and cost efficiencies across the hospital;

• Ensure financial support for the development of business cases for capital expenditure and service changes, and monitor subsequent performance;

• Contribute to the broader strategic direction and corporate management of the hospital;

• Apply rigorous generally accepted commercial disciplines and techniques in assessing viability of investment proposals;

• Provide the advice and information on the finance issues and financial risk which flow from the consideration of strategic options;

 

Financial Analysis

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The post holder will:

• Develop and implement effective and innovative ways of producing information for budget holders, educating those who commit resources to promote the most effective use of resources in line with the needs of the service;

• Lead on forecasting process and outcomes including risk assessment and the development of appropriate mitigations;

• Effectively manage financial agreements between the Trust and its stakeholders to ensure appropriate recovery of costs;

• Identify surplus assets and develop divestment programmes as appropriate.

• Develop financial and other KPIs which effectively monitor performance and ensure delivery of organisational goals;

• Meet agreed targets and objectives and deliver within defined costs, timescales and resources.

• Develop service and patient-based costing to ensure effective comparison and benchmarking, and to include patient services, research and teaching.

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Communication and Relationships

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The post holder will:

• Present financial and business information to a variety of stakeholder groups;

• Establish, manage and develop arrangements for working closely with key stakeholders to shape and develop services;

• Develop and maintain a culture which supports the active and effective engagement of directors, clinicians, staff, local stakeholders;

• Develop viable business and network opportunities and joint ventures with other stakeholders, consistent with the overall strategic direction of the Trust;

• Promote a positive image of the Trust and Finance Department with appropriate agencies and the public;

• Promote financial responsibility and understanding to all budget holders through appropriate budgetary control and training arrangements

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The post holder will be expected to work frequently with Trust Directors in various committees and groups and to influence and persuade staff at all levels within the organisation.

 

 

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 compliance with all statutory, mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.

• Manage team absences including sickness 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 any vacancies that arise within the team in line with the Trust’s 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.

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Other

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• Undertake all mandatory training in line with Trust policies and procedures

• Take personal responsibility for own professional development

• Maintain own professional competence and credibility

• Adhere to relevant professional code at all times

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General

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• The post holder has a general duty of care for their own health, safety and wellbeing and that of work colleagues, visitors and patients within the hospital, in addition to any specific risk management or clinical governance accountabilities associated with this post.

• To observe the rules, policies, procedures and standards of King's College Hospital NHS Trust together with all relevant statutory and professional obligations.

• To live and role model the King’s Values of:

  • Understanding you

  • Inspiring confidence in our care

  • Working together

  • Always aiming higher

  • Making a difference in our community

• To observe and maintain strict confidentiality of personal information relating to patients and staff.

• To be responsible, with management support, for their own personal development and to actively contribute to the development of colleagues.

• The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene requirements of this role.

• These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training. These standards must be strictly complied with at all times.

• This job description is intended as a guide to the general scope of duties and is not intended to be definitive or restrictive. It is expected that some of the duties will change over time and this description will be subject to review in consultation with the post holder.

 

Safe Guarding

 

The Trust takes the issues of Safeguarding Children, Adults and addressing Domestic Abuse very seriously. All employees have a responsibility to support the organisation in our duties by;

• attending mandatory training on safeguarding children and adults​

• familiarising themselves with the Trust's processes for reporting concerns 

• reporting any safeguarding child or adult concerns appropriately

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Infection Control Statement

 

The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene procedures and requirements when in clinical areas.

 

The post holder has an important responsibility for and contribution to make to infection control and must be familiar with the infection control and hygiene requirements of this role.

                     

These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training.  These standards must be strictly complied with at all times.

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