Director of Financial Performance & Deputy Group CFO

 

MAIN DUTIES AND RESPONSIBILITIES

  

The trust considers these to be key appointments in driving forward the productivity and efficiency agenda, whilst delivering high quality services. 

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The post-holders will be a key part of the hospital Local Executive  Committee (LEC), and be expected to participate fully in the senior leadership of that unit

 

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

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• Responsible for financial results of the hospital;

• Accountable for the forecast performance of the hospital;

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

• Providing professional financial leadership and support to the site;

• Ensuring that the hospital is complying with group financial standards of reporting, control and conduct;

• Leading relevant projects and business cases on behalf of the group.  This may involve cross site working;

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

• To be a demanding customer of shared services, including providing constructive feedback on shared service performance, and inputting into development opportunities for shared service centre staff;

• Management of the site based finance team;

• To work with the Hospital Chief Executive & LEC in managing and minimising financial risk for the organisation;

• To oversee the delivery of the efficiency savings/productivity plans within the hospital, including overseeing the delivery of plans across the wider group or health community;

• 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 participate in the Executive on-call rota as Gold On Call;

• To deputise for the group Chief Finance & Compliance Officer.

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

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Contributing to the Planning Function

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To contribute to the strategic and operational planning process, ensuring the development of a medium-term financial plan, 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 and translating these into hospital level objectives

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They will also:

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• Develop and deliver best value initiatives and cost efficiencies across the hospital and share learning more widely across the group;

• 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 and group;

• 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;

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Financial Analysis

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The post holder will:

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• 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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Commercial Services

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Develop with other Directors new business opportunities and support entrepreneurial activities across the organisation

 

People Management

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The post holder will:

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• Provide professional leadership, coaching, and technical / personal development to all finance staff (direct reports and other staff);

• Work with direct reports to agree objectives and work plans;

• Manage and develop the Finance function as part of the Senior Leadership Team, to develop a common sense of identity, priority and direction;

• Leading by example by adopting a management style that supports ways of working that reflect the values and culture of the Trust.  Where appropriate managing issues of conflict and addressing performance concerns should they occur.

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Communication and Relationships

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The post holder will:

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• 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;

• 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.

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Relationships

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Internal Relationships

• Hospital and Group Executive teams

• Chief Finance & Compliance Officer

• Deputy Chief Executive

• Director of Financial Operations

• Assistant Directors of Finance

• Other members of the Finance Department

• Board members

• Clinical leaders and Divisional managers

 

External Relationships

• Clinical Commissioning Groups

• Financial Advisors

• Internal and External auditors

• NHS Improvement

• Other external partners

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