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Senior Financial Strategist

2 months ago


Kent, United Kingdom Morgan Law Full time

Job Summary:

Morgan Law is seeking a highly skilled Deputy Chief Financial Officer to provide additional capacity to support the delivery of the NHS CFO's financial plan for 2023/24 and the implementation of the medium-term financial recovery plan.

Key Responsibilities:

  • Financial Planning and Analysis: Work closely with the CFO, Executive Directors, and key staff to ensure a clear and robust understanding of the Trust's financial position and forecast outturn, identifying key drivers and risks, actions, and mitigations with relevant stakeholders.
  • Reporting and Efficiency: Collaborate with the Finance Team and PMO to ensure clear and consistent reporting of efficiency savings (CIPs), including links to the overall Trust financial position and forecast outturn.
  • Productivity and Efficiency: Work with PMO and Divisional leads to identify and work through additional efficiency opportunities, utilizing relevant benchmark data and tools, such as the Model Hospital.
  • Risk Management: Support the CFO to oversee the program to monitor and manage financial risks and mitigations, to deliver the Trust's revenue financial plan. Ensure that robust action plans are in place to ensure that efficiency targets are met and actions are taken to mitigate income and expenditure risks.
  • Workforce Optimization: Work with relevant key stakeholders, including the COO and CPO, to identify and implement actions and controls to reduce bank and agency headcount and expenditure (target 50% reduction).
  • Medium-term Financial Recovery Plan: Support the CFO in developing the medium-term financial recovery plan and liaise with key stakeholders at the ICB and other key system stakeholders.

Requirements:

The postholder will have no direct line management responsibilities, but will work alongside and receive support from the substantive Deputy CFO and the Senior Finance Team.