Deputy Chief Financial Officer - Strategy & Improvement
Kings College Hospital NHS Foundation Trust
Are you a visionary financial leader with a passion for driving excellence? If so, an exciting opportunity has arisen to join Kings in a pivotal role as the Deputy Chief Finance Officer (Strategy and Improvement).
This role will support the Chief Financial Officer (CFO) and Executive Team in developing and delivering the Trusts strategy and in improving the Trusts financial efficiency and performance. They will have corporate responsibility for the Financial Strategy & Planning team which includes financial strategy and planning, continuous improvement, investments, capital, oversight of the cost improvement programme, legal, commercial and contract management.
As one of two nominated deputy CFOs, they will provide day-to-day leadership to the finance team and will be responsible to the CFO for delivery of the required financial support, challenge and analysis. 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 post holder will work closely with the CFO to provide leadership and direction to improve the financial performance and literacy of the Trust.
The post holder will be expected to deputise for the CFO in all finance related matters, particularly those matters of Financial Strategy and Planning. The post holder will also be expected to lead on a number of Trust-wide programmes of work to deliver benefits across the group.
Main duties of the job
Director of Financial Planning and Performance
- Responsible for the development of the Trusts financial strategy and plan; and financial oversight of the Trusts investments and cost improvement programme.
- Responsible for the Trusts work to enable continuous financial improvement, including delivering and embedding the Trusts financial governance improvement programme and financial skills development across the finance function and wider Trust, and demonstrating compliance with regulatory requirements for financial improvement.
- To ensure that the hospital is complying with the Trusts financial standards of reporting, control and conduct.
- To work with other directors in developing strategic partnership arrangements with key stakeholders and commissioners.
- To deputise for the Chief Finance Officer.
About us
Kings College Hospital NHS Foundation Trust is one of the UKs largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD, Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we aim to take Team Kings to another level.
We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.
Kings 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. Everyones 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 Trusts carbon emissions, waste and pollution wherever possible.
Job responsibilities
The post holder will play a key role in developing and delivering the Trusts strategic objectives. They will also:
- Lead the development of the Trusts financial strategy, engaging with the wider Trust to support development and delivery.
- Propose and develop changes to Trust policy.
- Apply rigorous generally accepted commercial disciplines and techniques in assessing viability of investment proposals, in line with HM Treasury Green Book requirements, and ensure robust monitoring of subsequent performance.
- Ensure financial support for the development and delivery of the efficiency savings/productivity plans, ensuring these are financially robust, including those schemes which span across the wider Acute Provider Collaborative and South East London System, working with Transformation, PMO and Site Executive colleagues.
- Ensure financial support for the development and delivery of the Trusts capital programme.
- Contribute to the broader strategic direction and corporate management of the hospital.
- Provide the advice and information on the finance issues and financial risk which flow from the consideration of strategic options.
Please refer to the job description for full details.
Person Specification
Qualifications
- Educated to degree level
- Expert specialist knowledge of financial and accounting procedures including current legislation and NHS accounting policies
- CCAB fully qualified / Professional chartered accountancy qualification
- Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards
Experience
- Post-qualification experience as a Director of Finance or Deputy CFO
- Experience of different organisations or parts of large organisations across the healthcare sector (Provider, Commissioning and ALB)
- Experience of the NHS planning process and Payment by Results
- Experience of working in a financial turnaround situation
- Experience of restructuring and outsourcing back-office services
Skills
- 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
- Experience of understanding complex transactions or commercial arrangements
- Evidence and demonstrable success of leading and facilitating significant change programmes within finance
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.
Kings College Hospital NHS Foundation Trust
£100,000 to £200,000 a year per annum inc HCAs
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