VSM - Director of Operational Finance / Deputy Chief Financial Officer

Shift Pattern: Mon - Fri 37.5 Hrs/ Week

Salary: £90,000.00-£150,000.00 per year (Negotiable)

Location: Nottingham University Hospitals NHS Trust

About NUH

Every day, our teams at Nottingham University Hospitals NHS Trust (NUH) make a difference. We save lives, we improve lives, and we usher in new life. We are proud to play a central role in supporting the health and wellbeing of people in Nottingham, Nottinghamshire and our surrounding communities. With more than 20,000 colleagues, we are the largest employer in Nottinghamshire and one of the biggest and busiest NHS Trusts in the country, serving more than 2.5m residents of Nottingham, Nottinghamshire and its surrounding communities and a further four million people across the East Midlands and beyond. Our Trust spans over three sites including Queen’s Medical Centre (QMC), Nottingham City Hospital and Ropewalk House.

Key Job Responsibilities

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.
• To operate as a visible member of the Trust’s senior leadership team, establishing a collaborative working network and contributing to the delivery of corporate strategy and organisational objectives. Share in the responsibility for excellent communication with finance and procurement staff, the wider Trust and outside agencies.
• 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.

Financial Services

• Lead and direct the Assistant Director of Financial Services and their team to ensure that they:
  • Provide comprehensive financial services to the Trust including production of budget proposals, development of effective budgetary control systems, the provision of accurate and timely information/advice and compilation of monthly management returns and end of year accounts for statutory and/or regulatory purposes.
  • Ensure financial services (Accounts Payable, Accounts Receivable, Treasury) strongly support the provision of complete and accurate information.
  • Achieve, insofar as possible, Better Payment Practice Code policy requirements.
  • Act as an intelligent customer of NHS SBS, to ensure the outsourced service meets the needs of the Trust.
  • Oversee the operation of bank accounts and the management of cash and investments.
  • Maintain a sound system of working capital management and cashflow forecasting, identifying and reporting risks with a focus on solutions.
  • Set stock control policies and ensures stock turnover levels are maintained.
  • Implement national policies relating to finance in a way which maximises the financial benefit and stability of the organisation.
  • Maintain internal financial control and demonstrates an expert working knowledge of IFRS and emerging policy changes, ensuring that senior staff are up to date with such, while providing specialist technical support to other finance staff.
  • Demonstrate an up-to-date knowledge of UK taxation relating to Health Organisations.
  • Review and maintain SFIs and internal financial control procedures to ensure these operate as designed and provide appropriate levels of assurance on accuracy, completeness, timeliness and counter-fraud measures.
  • In conjunction with Internal Audit, conduct reviews to ensure that the financial control environment is operating effectively.
  • Ensure that operational financial risks and opportunities are identified and properly validated and responded to.