Head of Financial Management

2 weeks ago

Bury St Edmunds, United Kingdom West Suffolk NHS Foundation Trust Full time

We are one of 40 Trusts across the country to receive funding for a new hospital from the Government’s Health Infrastructure Plan.

An exciting and challenging opportunity has arisen for an experienced and dedicated individual to join our Financial Management team, reporting to the Deputy Director of Finance.

The postholder will lead a team of six Finance Managers, supported by Deputy Finance Managers and Management Accountants who concentrate on working strategically with senior managers and clinicians, to drive and support the business decisions of the Clinical Directorates.

The ideal applicant will have a background in operational or business finance, with excellent communication skills. Whilst an NHS background would be ideal, we are also open to recruit from the private sector. The successful applicant will be CCAB qualified (or CIMA) and be able to demonstrate continued personal development.

Relationships with Senior Operational Colleagues and finance team members is critical to success in this role and therefore an on-site presence is required for at least three days per week - the team are currently working in a hybrid manner with approximately 50% at home.

The broad purpose of the post is to support the Trust to meet both its financial and performance targets by:
Leading the Finance Managers and Operational Budgets holders through the annual budget setting process

Ensuring the Financial Management team report accurate and timely management accounts and performance against Cost Improvement Programmes

Working alongside other senior finance colleagues to develop and implement the Finance Departments annual Business Plan

Working with a number of stakeholders to analyse and interpret financial and non-financial data, using benchmarking and other resources to make recommendations for improvement and support the change process.

Line management and development responsibility for all Finance Managers, undertaking appraisals and framing personal development plans.

Ensure the Finance function is accredited to HFMA and professional accounting bodies

We are seeking talented individuals who are dedicated, motivated, pro-active with excellent planning and organisational skills to help us provide high quality care to our local communities.

BeKnown at West Suffolk NHS Foundation Trust. By us. By our patients. By our community

We are a busy, friendly, rural NHS Trust providing high-quality care and compassion to more than a quarter of a million people across west Suffolk. We care for, treat and support people in hospital, at home and in various community settings.

The West Suffolk Hospital in Bury St Edmunds provides acute and secondary care services (emergency department, maternity and neonatal services, day surgery unit, eye treatment centre, Macmillan unit and children's ward). It has 500+ beds and is a partner teaching hospital of the University of Cambridge.

Adult and paediatric community services, provided in collaboration with West Suffolk Alliance partners, include a range of nursing, therapy, specialist, and ongoing temporary care and rehabilitation, some at our Newmarket Community Hospital.

We do our utmost to achieve outstanding clinical outcomes for patients and our values of fairness, inclusivity, respect, safety and team work guide how we work and behave as a team.

With nearly 5,000 staff, from all over the world, we strive to make our organisation a great place to work. Whatever your role or ambition, we want to help you be the best you can be.

We promote a diverse and inclusive community where everyones voice counts and you can #BeKnown for whoever you are.

Join us. What will you #BeKnown for?

The Head of Financial Management will be responsible for providing leadership to the team of Finance Managers who provide financial support to the divisions within the Trust. This will include ensuring the Trust adopts efficient and effective working practices, maximises business opportunities and ensures appropriate planning and deployment of all resources.

The Head of Financial Management will be responsible for the preparation and presentation of the annual Trust Revenue and Capital budgets.

The Head of Financial Management will ensure that Business Cases presented to the Trust Investment Panel are robust and that all resource implications are considered.

The Head of Financial Management will ensure that the Finance Managers share good practice and work as a team when appropriate. In particular they will work closely with the PMO office in order to advise and guide the delivery of Trust wide CIPS. The postholder will ensure areas of both opportunity and concern are investigated and, where appropriate, action is taken to ensure income is maximised and services are provided efficiently. The prime source of financial information will be the Trusts Patient Level Costing and Information System (PLICS) and Service Line Reporting (SLR) as well as the Finance Dashboard and appropriate benchma

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