About this role
Job summary
Manage the financial performance of Groups against agreed financial targets, using the most appropriate means available. Produce action plans to manage financial performance/risks and ensure that these are followed through.
The Head of Group Finance will be an integrated vital member of the clinical groups Board and will participate fully in the agenda for both financial and non-financial performance and arising issues.
Main duties of the job
Provide leadership and guidance to group management teams during the annual financial planning process including identifying and quantifying ofService Developments, Cost Pressures, Waste Reduction Programme, Cash Releasing Efficiency Savings and Capital Bids to support the annualobjectives.
About us
University Hospitals Coventry and Warwickshire NHS Trust, rated as good by the Care Quality Commission, is one of the largest teaching Trusts in the UK.
We are extremely proud of our employees across our hospital sites, with high quality patient care at the heart of everything we do.
Boasting some of the most modern facilities in Western Europe, the Trust is renowned for being at the forefront of research and innovation as part of its blossoming reputation as a worldwide leader in healthcare.
We are proud to be recognised as a Pathway to Excellence designated organisation - please click the link for further details about this prestigious award. Pathway To Excellence - University Hospitals Coventry & Warwickshire (uhcw.nhs.uk)
By joining our exciting journey, you will form part of a passionate, talented team and will be able to access a wide range of learning and development opportunities. There has never been a better time to join our team.
The Trust is committed to building an organisation that makes full use of the talents, skills, experience, and different perspectives available in our diverse society. We want everyone to feel they are respected, valued, can achieve their potential and receive the most appropriate and relevant care. We will create an environment where the equality and human rights principles of fairness, respect, equality, dignity and autonomy are promoted and are part of the organisation's core values.
Job description Job responsibilities
Provide support and advice to Groups during the production of business cases. This will include the application of recognised investmentappraisal techniques to improve decision making. The Head of Group Finance should advise on financial risks and be able to articulate both long and short-term consequences to enable decision making. The Head of Group Finance should ensure that the Associate Director of Financial Management is aware of financial consequences of businesscases being approved or in the planning pipeline. Work with the Groups to ensure that benchmarking data provided from the Performance and Information Department is understood at anoperational level and utilise this information together with value for money audits, to ensure best practice and optimal utilisation of resources. The Head of Group Finance will be supporting the Clinical Group and provide overall financial leadership and strategic direction ensuring thatfinance delivers a high-quality customer focused service. They will take overall responsibility for staff development and performance for the staff in the Financial Management Team that they lead. They will take overall responsibility for the regular reporting of financial performance management information to the groups that they support and to the relevant Trust Committees/Board as part of the Integrated Finance Report. They will ensure efficiency, effectiveness, integrity and business focus of financial systems and processes across the groups they support. They will take a strategic lead for ensuring that the Group operational expenditure is fit for purpose for Service Line Reporting. They will deputise for the Senior Head of Group Finance and the GroupManagement Team as and when appropriate. They will be required to make decisions within their own interpretation and understanding of national policies and professional standards. For further details please see the attached job description.
Person Specification
Qualifications Essential
oProfessional Accountancy Qualification (CCAB/CIMA qualified or equivalent) oEvidence of CPD oPost qualification experience (as a Senior Finance Professional)
Experience Essential
oProven track record of successful financial management oSenior experience with a large complex organisation oExperience of computerised accounting and financial systems. oExperience of investigation and analysis into financial issues, including evidence of detailed and precise report writing skills. oBusiness planning and capacity expertise linked to forecasting and budgeting. oExperience in the analysis, translation and communication of service line reporting/patient level costing system outputs to non-financial colleagues. oEvidence of extensive line management responsibilities, ensuring teams deliver to their maximum potential. oExperience in working with, influencing and building effective working relationships with staff at all levels across the Trust.
Desirable
oSubstantial post qualification experience covering a full range of responsibilities of a senior financial professional. oSignificant experience preparing Budgets linked to Operational and Workforce plans. oExperience in translating complex data from various systems into a clear and comprehensive financial model. oExperience in using benchmarking information (including Model Hospital) to identify performance or productivity benefits.
Knowledge Essential
oKnowledge of the rules surrounding confidentiality, information governance and the Data Protection Act. oExpert Theoretical and practical knowledge of the NHS accounting. oKnowledge of the costing standards.
Desirable
oNHS capital planning / approval processes oNHSE/I financial regime oNHSE/I Planning regime.
Skills Essential
oMicrosoft Office. oAble to move easily between the detail and the big picture on issues. oAbility to clarify key points from complex sets of information. oAbility to concentrate on complex issues for prolonged periods. oAbility to work autonomously with the skills to make complex decisions independently where decisions are required urgently. oAbility to work under pressure and meet objectives with conflicting deadlines. oAble to plan and prioritise work of self and others. oGives the team a sense that change is achievable and that their contributions matter. oProven ability to operate and think strategically, reflecting wider organisational priorities and performance.
Desirable
oMulti-discipline oUses range of influencing strategies to bring about change. oDemonstrates the use of extended network of influence.
Commitment to Trust Values and Behaviours Essential
oMust be able to demonstrate behaviours consistent with the Trust's values. (As detailed in UHCW's Values in Action document below) oApplicants applying for job roles with managerial responsibility will be required to demonstrate evidence of promoting equal opportunities through work experience
Disclosure and Barring Service Check This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see NHS Careers website (opens in a new window).
Employer details Employer name University Hospitals Coventry and Warwickshire NHS Trust
Address University Hospitals Coventry and Warwickshire
Clifford Bridge Road
Coventry
CV2 2DX
United Kingdom
Employer's website https://www.jobsatuhcw.co.uk (Opens in a new tab)