Deputy Chief Financial Officer - Strategy & Improvement

Deputy Chief Financial Officer – Strategy & Improvement

King’s College Hospital NHS Foundation Trust is one of the UK’s largest and busiest teaching Trusts with a turnover of c£1.7 billion, 1.5 million patient contacts a year and more than 15,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King’s College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in the London Borough of Bromley.

Job overview

Are you a visionary financial leader with a passion for driving excellence? If so, an exciting opportunity has arisen to join King’s 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 Trust’s strategy and in improving the Trust’s 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 Trust’s financial strategy and plan; and financial oversight of the Trust’s investments and cost improvement programme.

• Responsible for the Trust’s work to enable continuous financial improvement, including delivering and embedding the Trust’s 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 Trust’s 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.

Working for our organisation

King’s College Hospital NHS Foundation Trust is one of the UK’s 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 King’s 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.

King’s 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. Everyone’s 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 Trust’s carbon emissions, waste and pollution wherever possible.

Detailed job description and main responsibilities
The post holder will play a key role in developing and delivering the Trust’s strategic objectives.
They will also:
• Lead the development of the Trust’s 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 Trust’s 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
Essential criteria

• 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
Essential criteria

• 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

Desirable criteria

• Experience of restructuring and outsourcing back-office services

Skills
Essential criteria

• 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

Desirable criteria

• Evidence and demonstrable success of leading and facilitating significant change programmes within finance

IMPORTANT

• Check your email account regularly as this is how we will communicate with you
• If you delete the job from any of your accounts, you may be prevented from accessing further communications
• To enquire about your application or inform us of any changes in your circumstances, please contact the named person on this advert
• Please provide email addresses for referees where possible
• Click here to see the range of benefits we offer
• Please review the documentation on our recruitment microsite, particularly the Trust’s criminal records checking policy
• All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role.
• Please note that the closing date is given as a guide. On occasion, we might close a vacancy early due to a high number of applications being received. You are advised to submit your application as early as possible to avoid disappointment.

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