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A Vacancy at Nottingham University Hospitals NHS Trust.


We are looking for an exceptional leader to join our Finance Team. Reporting directly to the Chief Financial Officer and in conjunction with the Director of Operational Finance, you'll be pivotal in building and developing the Finance Team and implementing highly effective systems and practices. To succeed you will have the ability to provide strategic leadership and to foster a culture of compassion, innovation & inclusion, that improves the services we provide, whilst supporting financial sustainability. As an expert communicator, you'll be comfortable to lead on the sharing of highly complex information in a way that empowers others and facilitates their contribution. You will be working with colleagues across the Trust and the wider Nottingham and Nottinghamshire Integrated Care system.

The Board has recently approved an ambitious Financial Sustainability Plan that will see the Trust return to a recurrently sustainable place over the next two years. This role is key in leading the delivery of the FSP, developing the strategic financial direction of the Trust and managing the capital programme.

This role is crucial in ensuring the financial health and sustainability of our Trust. The role leads delivery of strategy, capital, commissioning and income, and financial sustainability to support our strategic objectives while ensuring compliance with regulatory requirements and best practices. This position requires strong leadership skills, financial insight, deep understanding of healthcare finance, and the ability to deliver high-quality, cost-effective healthcare services.

The role reports into the Chief Financial Officer, and is responsible for directing the Strategy, Capital, and Commissioning and Income teams and strategic oversight of the financial recovery and sustainability of the Trust, including the work of our Financial Recovery Strategic Partner. The post holder will lead and motivate teams effectively as well as building strong relationships with a range of stakeholders and partners.

Working collaboratively with the whole Finance leadership team, and in particular with the Director of Operational Finance, the Chief Financial Officer and ICS Finance colleagues. Close working relationships will ensure that strategic planning arrangements are designed in a way which takes into account the current financial performance of the Trust, and supports delivery of the annual budgets and rolling forecasts.

With over 19,000 staff, we are one of the biggest employers in the city with a central role in supporting the health and wellbeing of our local population. We play a leading role in research, education and innovation.

Come and join our wonderful team at NUH. We are big believers in diversity and welcome new ideas to help develop our team in order to deliver world class healthcare to the vast patient populations we serve. With endless personal development opportunities available, at NUH we will endeavour to turn your job into a career!

We particularly welcome applications from people who identify as Black, Asian and Minority Ethnic, or Disabled, as we are striving to be better represented at NUH.

Leadership
• To lead and develop the finance directorate so that it provides the management of the Trust with the financial advice, information and expertise to enable the provision of the best possible standards of health and social care, within defined costs, timescales and resources.
• To promote standards of professionalism within finance to ensure compliance with external standards and best practice and support the delivery of the finance function.
• To recruit, deploy, develop, train, review and motivate staff to fulfil the function’s objectives, embedding a culture of continuous improvement.
• To provide advice and support to the Chief Financial Officer and to all those carrying management responsibilities within the Trust. Ensure technical information is explained in a style appropriate for the user. To deputise for the Chief Financial Officer in their absence.
• Work with the Chief Financial Officer to define and develop the strategic direction of the finance function so that it is able to set challenging objectives for the future in response to changing needs. Work with the Chief Financial Officer to manage and minimise strategic financial risk for the organisation.
• Contribute to the development of overall vision and of strategies for the Trust which provide clear direction for future development. Provide advice and support to the Trust’s governance structures as required, including the Board of Directors, Finance and Performance Committee and Audit Committee.
• To engage with the national One NHS Finance programme and lead implementation in their functional areas.

Strategic Planning
• Advise on the formulation of financial strategy and continuously monitor it against performance. The financial strategy should ensure best possible use is made of the organisation’s resources and will require adjustment over time.
• ensure the development of a medium-term financial plan, based on best practice financial and business principals.
• co-ordinate the preparation of the Trust’s Annual Plan for presentation in a clear and concise manner to the Trust Board prior to the start of the financial year and ensure the agreement of a plan that meets the Trust's agreed financial performance.
• communicate planning information and assumptions to the Executive Directors and senior managers and, where necessary, make challenging recommendations in order to meet the Trust’s financial targets.
• ensure capacity and workforce plans are triangulated into the financial plan of the Trust and that NHSE detailed requirements as outlined in planning guidance are fully complied with.
• ensure there is realistic planning around likely resources and an appropriate assessment of risk including detailed reviews of business cases.

Capital
• develop a capital investment plan.
• ensure there are sufficient resources to finance the Capital Investment Programme, identify innovative sources of funding and, where necessary, apply for loan funding from the Department of Health, subject to the approval of the Trust Board.
• ensure that robust policies and procedures are in place for the effective stewardship of the Trust’s assets and management of the Trust’s Capital Investment Programme within the Trust’s delegated limits.
• review and analyse highly complex business cases and recommend a course of action to the Trust Leadership Team, presenting the facts in a clear and concise manner. The review and analysis will include reference to VFM issues, Standing Orders and Standing Financial Instructions. develop and implement an effective strategy for the efficient maintenance, utilisation, safe custody and protection of ownership of the Trust’s fixed assets including real estate.

Costing
• further develop the PLICS and SLR systems and roll them out across the Trust. Present findings and change opportunities to senior colleagues and lead the implementation. Work with clinical and operational colleagues to set up a clinical user group to continuously refine our systems further.
• develop a high-quality patient level costing function and service line reporting, ensuring that costing information is made available to operational managers and clinicians in a user-friendly way, and ensure they are engaged in its interpretation, development and use for planning and managing services and improving use of resources – alongside model hospital and GIRFT data.
• develop, interpret and disseminate other sources of benchmarking information on the efficiency and effectiveness of services, such as NHS Benchmarking Network studies.
• deliver Service Line Reporting, national costing submissions and Reference costing to the Trust ensuring that this is a clinically led and informed service embedded within the operational decision making of the organisation.

Commissioning and Income
• agree commissioning contracts and participate in the evaluation and preparation of bids for new tenders in line with the Trust’s strategic objectives.
• effectively manage financial agreements between the Trust and its stakeholders to ensure appropriate recovery of costs.

Financial Recovery and Sustainability
• Manage relationship with strategic partner, ensuring delivery of recurrent cash out savings, and ensuring knowledge transfer to Trust.
• Oversee the design, implementation and monitoring of a 3 year rolling cost improvement plan and the routine reporting of financial delivery against agreed plans.


This advert closes on Monday 27 May 2024

The role involves completion of key strategic projects such as Service Line Refinement, costing of Service Level Agreements, development of business proposals, assisting in production of the Divisional Long Term Financial model and working on helping the trust in delivering quality improvement & waste reduction schemes.

Please note that this role is being offered as a band 6/7 depending on experience.

Previous unsuccessful applicants need not apply.


In addition to the brief list above you must familiarise yourself with the full job description and person specification attached to this advert prior to applying.

The post holder will support the Divisional Finance Manager on a number of key month end tasks, budget monitoring and forecasting, ensure that the reported position is accurate and processes are robust. There will also have involvement in the development of Business Cases, Efficiency schemes and working with the divisions to drive improvements in financial performance.

The role is offered on a hybrid basis with a requirement of being in office for 2 days per week

The post holders should have gained an accountancy qualification or demonstrate progress of achieving qualification, with proven ability to analyse large volumes of data and transform it into meaningful reports.

The post holder will be an effective communicator with the ability to work independently when required, often to tight deadlines. They will also have strong analytical skills with computer literacy, particularly of Microsoft Applications.

Applications from candidates who do not possess full membership of a recognised accounting qualification but are working towards one would be welcomed and reviewed under Annex 21.


This advert closes on Sunday 28 Apr 2024