Director of Financial Management Information & Analysis

Band 9 - £91,170 - £109,169 (inclusive of London weighting)

Department: Finance

Accountable to: Deputy CFO (Director of Planning and Performance)

Job Summary

The Director of Financial Management Information (MI) and Analysis will support the Deputy CFO providing effective and professional leadership of and corporate responsibility for the Corporate Reporting, Costing and Income teams and R&D, Private Patient and Corporate business partnering; implementing strategy, and delivering outputs and services in line with the Trust’s strategic and business objectives. The post holder will be responsible to the CFO for delivery of departmental objectives and service standards. The post holder is expected to work as part of a cohesive team and, when necessary, to take lead responsibility for corporate issues outside of their immediate sphere of responsibility. They will be expected to present financial and business information to large groups, such as the whole Finance function as well as clinical and non-clinical colleagues from outside of Finance.

The Director of Financial MI and Analysis will work closely with the Finance Business Partners and Director of Financial Operations to operate the Trust’s financial framework, managing the implementation of financial controls and processes, and will be responsible for the effective and accurate production of management information in line with best practice requirements. The post-holder will work closely with the Director of Planning and Financial Performance, the Executive and Divisions to ensure that the central finance function makes a direct contribution to their managerial and business objectives by ensuring they are getting sufficient financial analysis and support to make informed decisions when managing their services.

The post holder will be accountable for interpreting changes in government policy and assessing the financial impact of these changes on Trust Finances. They will propose and make changes to Trust policy as appropriate, ensuring that policies and procedures are developed and implemented in line with Trust requirements.

The post holder has Line management responsibility for the Corporate Reporting Manager, Costing Manager and Head of Income. This takes into account all aspects of staff development, training, appraisals, 1:1s, support and coaching.

In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.

KWR

Key Working Relationships

Internal:

Executive team
Board members
Senior Finance Staff
Senior Clinicians
Divisional/Directorate Management
Budget Holders
Information / BIU Team
Financial Recovery Team
Finance Business Partners
KIFM

External:

NHS Improvement
Commissioning Bodies
Legal and other professional advisors
Department of Health and Social Care
NHS England
Other Foundation Trusts and NHS Trusts
Auditors
Joint ventures
Subsidiaries
Third party providers
Private sector & commercial partner

Organisational Structure

Structure

Duties

Main Duties and Responsibilities

Corporate Responsibilities

To assist the CFO to provide strategic leadership and professional financial advice to the Trust to ensure its long-term financial success.
To assist the CFO in managing and minimising financial risk for the organisation.
To ensure effective, robust engagement with staff and all stakeholders relating to matters of finance.
To contribute to the development of overall vision and of strategies for the Trust which provide clear direction for future development.
To propose and develop changes to Trust policy.
To help develop the Trust as a major provider of healthcare in London.

Financial Management and Advice

To advise the Trust on strategic and operational matters relating to finance.
To provide financial analyses, information and advice to assist in mitigating financial risk, maintaining overall financial control, and in monitoring the Trust’s performance.
To ensure that accurate and relevant financial information is provided to the Board and managers regularly on the budgetary performance of the Trust and to prepare annual budgets. To keep the Chief Financial & Compliance Officer and the Board informed of financial performance throughout the year.
Responsible for the production of budget proposals, development of effective budgetary control systems, the provision of accurate and timely information/advice and compilation of monthly management returns.
To support the production and submission of all financial and information statutory and non-statutory returns, including annual accounts, to the Department of Health and Social Care and NHS Improvement and other agencies by their relevant deadlines.
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.
To appraise current and forecast outcomes of operational strategies and report on financial performance to the Board and stakeholders and regulators as appropriate.
To apply rigorous generally accepted commercial disciplines and techniques in assessing viability of investment proposals.
To meet agreed targets and objectives and deliver within defined costs, timescales and resources.
To ensure that the Trust continues to implement national policies relating to finance, particularly payment-by-results, in a way that maximises the financial benefit and stability of the organisation.
To provide a financial information service that will give managers timely and relevant information tailored to their specific requirements.
To develop and review financial systems, procedures and controls to ensure that the budgeting, accounting, income and expenditure systems operate efficiently to the highest professional standards.
To develop and lead the implementation of financial strategies to meet Commissioner’s requirements from the contracting process.
To ensure the Finance function has a major involvement in the Trust’s business management process including costing, pricing, planning and negotiation of contracts and to ensure that there is an appropriate financial input to business cases.
To ensure systems are in place to monitor contract income effectively.
To ensure that there are integrated activity, health outcomes and financial reporting systems.
To be involved in formulating the annual corporate financial plan, ensuring that budgets triangulate with workforce, activity and capacity plans.
To ensure compliance with statutory and other financial duties and responsibilities including driving value for money.
To ensure effective financial management within the Trust.

Performance Management

To lead financial performance management in conjunction with the Director of Financial Planning and Performance and the Director of Financial Planning and Strategic Projects, ensuring that there is a culture of delivery and high performance across the organisation, and that action is taken by the executive team to achieve all national and local targets.
To ensure that the necessary information is produced to enable effective financial performance of all services.
To ensure that appropriate action is taken to address areas of poor performance.

Contributing to the Planning Function

To contribute to the strategic and operational planning process, ensuring the development of a short to medium-term financial plan, based on best practice financial and business principals.

Strategy

The post holder will play a key role in developing and delivering the Trust’s strategic objectives. Initially this will centre on ensuring systems and processes are in place to deliver the group’s financial strategy, working with business units, NHSI and the Department of Health and Social Care to achieve all the requirements set for finance.
To help develop and deliver best value initiatives and cost efficiencies across the organisation
To provide analytical support for the development of business cases for capital expenditure and service changes, and monitor subsequent performance.
To contribute to the broader strategic direction and corporate management of the Trust.
To provide the advice and information on the finance issues and financial risk which flow from the consideration of strategic options.
Responsible for managing the strategic development and implementation of financial risk management.
To provide advice and support to the Trust’s governance structures as required, including the Board of Directors and Finance and Performance Committee.
To apply professional standards of accountancy and monitoring adherence to financial policies and procedures at all levels within the organisation.

Analytical and Judgemental

To oversee and further develop financial and performance management throughout the Trust ensuring ownership by lead clinicians and managers, enabling the organisation to achieve top performance
To develop financial and performance KPIs across the Trust which effectively monitor performance and work with clinicians and managers to ensure accountability and top performance.
To continuously review performance against plans and take action as necessary
To utilise analytical skills to reflect on and interpret highly complex information, facts or situations which require analysis, option appraisal and the generation of solutions
To develop service and patient-based costing to ensure that services can be benchmarked against comparable organisations. This should include research, education and patient outcomes.

Communication and Relationships

To establish, manage and develop arrangements for working closely with key stakeholders to shape and develop services.
To present financial and business information to a variety of stakeholder groups.
To develop and maintain a culture which supports the active and effective engagement of directors, clinicians, staff, local stakeholders.
To promote a positive image of the Trust and Finance Department with appropriate agencies and the public.
The post holder will be expected to frequently work with Trust Directors in various committees and groups and to influence and persuade staff at all levels within the organisation.
To promote the enhancement of financial responsibility and understanding of those who commit expenditure through internal budgetary and accounting arrangements and training.
To develop commercial skills and effectiveness across the Trust to ensure the organisation is able to compete successfully in the healthcare market

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.

Other

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.

General

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

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.

Person Specification

Qualifications and Training

Essential

Educated to degree level.
Expert specialist knowledge of financial and accounting procedures including current legislation and NHS accounting policies
Professional Chartered Accountancy Qualification
Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards

Experience

Essential

Should have broad range of financial management experience in a number of roles gained in complex organisations, dealing with Trust Board level staff.
Networking: being able to work within and without the Trust with credibility out of area.
Experience of liaising with internal and external auditors.
Awareness: up to date with the NHS policy, national directives and all Governance aspects but with a specific emphasis on NHS Finance.
Significant and demonstrable previous experience or demonstrable capability and capacity for leading and managing staff
Experience of the NHS planning process and Payment by Results.
Experience of developing and embedding new corporate reporting and financial governance arrangements
Experience of managing and making judgments on highly complex financial problems relating to:
- Financial viability and stability of the Trust.
- Key financial targets.
- Trust financial reserves
- Recommending allocation of resources
- Identifying financial risks together with associated mitigation or solutions.
- Operating in new situations without available guidance or precedent.
- Determining the correct approach in the absence of clear unequivocal guidance or regulations.

Desireable

Foundation Trust knowledge and experience

Knowledge and Skills

Essential

Excellent interpersonal and communication skills, written and verbal
Ability to and track record of effectively communicating highly complex and sensitive information to large groups
Highly developed analytical and interpretative skills to enable an extensive understanding of financial, information and performance management needs of a large and complex organisation.
Ability to produce and present financial and non-financial information to employees across the organisation.
Ability to challenge and effectively manage and deal with highly contentious situations and issues
Sound political judgment and astuteness in understanding and working with complex policy, information and diverse interest groups
Highly developed influencing skills: with senior health care professionals across the Health Community and external organisations
Ability to be intellectually flexible and to look beyond existing structures, ways of working, boundaries and organisations to produce more effective and innovative ways of working and partnerships
High level of work organisation, self-motivation, drive for performance and improvement, and flexibility in approach and attitude
Proven ability to make significant contributions to long term organisational strategy
Ability to interpret highly complex information e.g. Business cases and take decisions regarding allocation of resources and risk
Proven ability to prioritise workload in a dynamic work environment and instruct and direct others which deliver positive outcomes

Desireable

Evidence and demonstrable success of leading and facilitating significant change programmes within finance

Personal Qualities

Essential

Has the drive and energy to make things happen; frequently goes "above and beyond" the call of duty
Has resilience, patience, authority, gravitas, and an ability to influence widely
Demonstrable commitment to and focus on quality, promotes high standards to consistently improve patient outcomes
Able to work at flexible hours
Demonstrably involves patients and the public in their work
Demonstrable commitment to partnership working with a range of external organisations
Works across boundaries, looks for collective success, listens, involves, respects and learns from the contribution of others
Actively develops themselves and others
Uses evidence to make improvements, seeks out innovation
Self-awareness in terms of emotional intelligence, biases and personal triggers with cultural sensitivity and awareness
Values diversity and difference, operates with integrity and openness

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