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For Companies At a Glance
- Tasks: Lead financial strategy and improve profitability in a dynamic healthcare environment.
- Company: Join the Royal Free London NHS Foundation Trust, a leader in innovative healthcare.
- Benefits: Enjoy flexible working, career development, and extensive training opportunities.
- Why this job: Make a real impact on patient care while advancing your finance career.
- Qualifications: Professional accountancy qualification and experience in senior finance roles required.
- Other info: Encouragement for vaccinations and support for visa sponsorship available.
The predicted salary is between 96000 - 110000 £ per year.
Recruiter: North Middlesex University Hospital NHS Trust
Location: London, United Kingdom
Salary: £96,340 - £109,849 per annum, inclusive of HCAS
Our trust has over 17,000 staff serving 2 million patients annually. It includes Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital, North Middlesex University Hospital, and over 30 community services. This large organization offers an excellent opportunity to contribute to innovative healthcare, focusing on delivering better patient care.
Our mission is to provide world-class clinical care, teaching, and research. We measure our success against five objectives: excellent outcomes, patient and staff experience, value for taxpayers, safety, and organizational strength. We value diversity and promote equality for LGBT+, BME, gender equality, staff carers, and people with disabilities. Everyone is welcome at Royal Free London NHS Foundation Trust.
Job overview
We are recruiting for a Head of Finance to support the Royal Free Business Unit. This role suits an ambitious candidate eager to work in a large, evolving acute trust with a group model. The finance department is undergoing transformation to build a top-tier Group Finance function focused on operational excellence and stakeholder satisfaction. The Royal Free London group has expanded after merging with North Middlesex Hospital NHS Trust, now comprising four hospitals. The Barnet Business Unit manages its own delivery, quality, risk, and financial performance within the larger group.
Main duties of the job
- Develop partnerships with function leads to enhance profitability and investment returns, supporting strategic financial planning.
- Report to the Director of Financial Performance while collaborating with divisional and business unit management.
- Lead initiatives to improve financial productivity and efficiency.
- Assist managers and clinicians in understanding and utilizing financial data.
- Support commercial projects and oversee financial management of contracts, advising leadership on opportunities and risks.
Working for our organisation
The Royal Free London NHS Foundation Trust is among the UK's largest and most innovative. Our staff serve over 1.6 million patients across three main hospitals, providing comprehensive care and services. We offer excellent career development opportunities, flexible working arrangements, and extensive training programs.
Detailed job description and main responsibilities
The post holder will support the Director of Financial Performance and the executive team in strategic planning, ensuring delivery of objectives, leading the business partnering team, and maintaining strong financial controls. They will play a key role in managing the financial improvement plan amidst a challenging financial environment.
Person specification
Values- Ability to meet the Trust values
- Professional accountancy qualification (CIMA, ACA, CIPFA, ACCA)
- Experience advising senior management in finance
- Up-to-date technical accounting expertise
- Business partnering and supporting service development
- Using complex financial models and assessing risks
- Leading large business cases and strategic analysis
- Communicating complex financial information effectively
- Understanding Payment by Results regime
- Leadership, influencing, and negotiation skills
- Strong analytical and organisational skills
- Proficiency in systems like Excel, PowerPoint, Word
- Ability to work autonomously and as part of a team
- Customer-focused, proactive, resilient
- Leadership and confidence in presenting
- Team player with a positive attitude
- Highly organized, adaptable to change
- Excellent interpersonal and persuasion skills
Additional info
- Vaccination encouragement
- Eligibility for sponsorship and visa requirements
- Pre-employment checks and data transfer policies
- Application advice and accommodation info
Band 8d Head of Finance - Royal Free Site employer: North Middlesex University Hospital NHS Trust
Contact Detail:
North Middlesex University Hospital NHS Trust Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Band 8d Head of Finance - Royal Free Site
✨Tip Number 1
Network with professionals in the healthcare finance sector. Attend industry events or webinars where you can meet people who work at NHS trusts or similar organisations. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the specific financial challenges faced by NHS trusts, especially in the context of the Royal Free London NHS Foundation Trust. Understanding their current financial landscape will help you demonstrate your knowledge and readiness to tackle these issues during interviews.
✨Tip Number 3
Prepare to discuss your experience with business partnering and strategic financial planning. Be ready to share examples of how you've successfully collaborated with senior management to drive financial performance and improve efficiency in previous roles.
✨Tip Number 4
Showcase your leadership skills by highlighting any experience you have in leading teams or projects. The role requires strong leadership and influencing abilities, so be prepared to discuss how you've motivated teams and driven change in your past positions.
We think you need these skills to ace Band 8d Head of Finance - Royal Free Site
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Head of Finance position. Make sure you understand the key responsibilities and required qualifications, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in financial management, particularly in a healthcare setting. Mention any relevant qualifications like CIMA, ACA, CIPFA, or ACCA, and how they relate to the role.
Showcase Leadership Skills: Since the role requires strong leadership and influencing skills, provide examples of how you've successfully led teams or projects in the past. Use specific metrics or outcomes to demonstrate your impact.
Tailor Your Cover Letter: Craft a compelling cover letter that connects your skills and experiences to the values and objectives of the Royal Free London NHS Foundation Trust. Be sure to express your enthusiasm for contributing to innovative healthcare.
How to prepare for a job interview at North Middlesex University Hospital NHS Trust
✨Understand the Organisation's Values
Before your interview, take some time to research the Royal Free London NHS Foundation Trust's values and mission. Be prepared to discuss how your personal values align with theirs, especially regarding diversity and patient care.
✨Showcase Your Financial Expertise
As a Head of Finance, you'll need to demonstrate your technical accounting knowledge and experience. Be ready to discuss specific financial models you've used, how you've advised senior management, and any successful projects you've led that improved financial performance.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle complex financial situations. Prepare examples from your past experiences where you successfully navigated challenges or improved financial productivity.
✨Highlight Your Leadership Skills
This role requires strong leadership and influencing abilities. Be prepared to share examples of how you've led teams, managed change, and communicated complex financial information effectively to non-financial stakeholders.
