Deputy Head of Finance

2 days ago

Cambridge, United Kingdom Your World Healthcare Full time

**Deputy Head of Finance**

**Location**: Cambridge

**Parking**:No parking provision on site, good bus and Park and Ride provision nearby and on-site cycle parking is available.

**Job Type**: Temporary

**Duration of booking**: This is a temporary expected to be for 5 months and may be longer

**Proposed start date**: ASAP

**Sector**: Healthcare

**Base**:Hospital

**Band**: 8A

**Pay Rates**:
£23.40- £24.40 paye per hour

£24.40 - £25.40 paye inclusive of holiday pay per hour

£25.40- £26.40 umbrella per hour

**Working Days and Hours**:Monday to Friday 9am to 5pm

**Job Summary**
- The purpose of the post is to support the senior business unit teams.
- The post will provide in depth analytical support to their Head of Finance.
- The Deputy Head of Finance, where required, will represent the finance function at Management & Operational meetings and provide strategic financial and business planning advice in line with Trust objectives. The post holder is expected to interpret Trustpolicy and be skilled in presenting highly complex, and sometimes uncomfortable, information and make persuasive arguments for a course of action to a range of senior managers.
- The Deputy Head of Finance will provide expert knowledge on financial issues in the context of NHS finance policies and will be experienced in financial management.
- At all times, the Deputy Head of Finance must ensure that statutory, NHS and other returns conform to national accounting standards to reflect a true and fair view and meet national and Trust timescales. The post holder must adhere to Professional Bodies’requirement for Continuing Professional Development, maintain an understanding of changes in the NHS Financial Regime and guided by national policy, develop implementation strategies.
- The Deputy Head of Finance is expected to ensure that finance systems and processes are appropriate and efficient to meet the business needs of the Trust.

**Keydutiesandresponsibilities**:
**Strategic Planning and Development**
- Assist the Head of Finance with input to the strategic planning agenda for their area of responsibility.
- Draw up the long-term financial plans with Finance, Clinical and Administrative colleagues.
- Provide dynamic financial planning that reflects uncertainties and can be updated and adjusted as circumstances evolve. Work with budget holders to resolve often conflicting plans for financial balance.
- Perform investment appraisals and complex financial analysis of Trust development proposals and business cases which may involve other organisations; identify and compare income, cost and financial risk for a range of options and make recommendations.
- Support on department financial issues and assist implementation of both department and Finance wide objectives throughout the organisation.
- Identify opportunities for financial savings and highlight areas of risk. Report on progress in year.

**Budgetary Performance**
- Play a key role in budget setting for their area. Support on setting the annual budget; support and negotiate with managers and with other colleagues to meet efficiency and savings targets so the area can set a balanced Budget.
- Provide financial leadership and present highly complex financial management information to senior Trust staff.
- Provide guidance to Budget Holders and challenge assumptions to ensure the development of robust financial forecasts.
- Monitor and review forecasts to ensure that plans are implemented and engage with clinical staff and services to put remedial plans in place where necessar
- Ensure that the requirements of Finance are balanced with the need for local flexibility in setting priorities and meeting Trust objectives.
- Coordinate the provision of financial reports and analysis through the Senior Management Accountants and supporting staff.
- Manage the provision of financial management information, analysis and advice to the Head of Finance and where appropriate Executive Directors, Managers and other senior staff throughout the Trust.
- Take an active role, with other managers, in developing long term plans for efficiency savings and improvements in value for money. Identify ways to reduce costs and maximise income from all sources.
- Develop with Budget Holders an awareness of financial performance requirements, and of the need for budgetary control.
- Provide information for external reporting and compilation of statutory annual reports as necessary.

**Technical**
- Initiate continual improvement in accounting systems and practices to meet the performance monitoring needs of the Trust.
- Assist with the development and implementation of financial policies and procedures across the Trust.
- Identify, recommend, and implement improvements in the financial management team performance, including regular review of systems, processes, and policies.
- Make use of comparative tools such as benchmarking in developing rolling financial plans and lead on developing their use within teams.
- Provide input to the costing, pricing, and financial planning activity of the Trust, including reviewing costs and prices and recommending changes to contracts where appropriate.

**Training**
- Take the Financial Management lead on identifying the financial training needs and requirements of Budget Holders and to provide the resources and materials to address these.
- Adapt and deliver Financial Awareness training to all levels of staff in the Trust.
- Participate in Trust wide training and communication initiatives.
- Ensure that managers are aware of Standing Financial Instructions. If staff are not in compliance with them form a plan with the Head of Finance on how to address this.

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