Chief Finance Officer | West Hertfordshire Teaching Hospitals NHS Trust
| Posting date: | 23 May 2024 |
|---|---|
| Salary: | Not specified |
| Additional salary information: | £150,000 - £170,000 per annum |
| Hours: | Full time |
| Closing date: | 22 June 2024 |
| Location: | Watford, WD18 0HB |
| Company: | West Hertfordshire Hospitals NHS Trust |
| Job type: | Permanent |
| Job reference: | 6340785/360-E-8258 |
Summary
West Hertfordshire Teaching Hospitals NHS Trust is looking for a new Chief Finance Officer.
There has never been a more exciting time to join our high achieving trust as it excels in developing pioneering work, harnessing strong relationships within the healthcare system, embarking on a large-scale new hospital development and providing the best care for our patients.
This is a key leadership and Executive role, influencing the strategy, direction and ambition of the trust and reporting directly to the Trust’s Chief Executive, Matthew Coats.
As CFO of West Herts, you will influence decision making across the wider NHS system, working closely with the system partner organisations across Hertfordshire and west Essex as well as with other organisations in the London and East of England Regions.
Our simple new vision is Excellent patient care, together. We are a diverse, proud and ambitious Trust and live by our new values : to be empowered, compassionate, professional and inclusive.
As Chief Finance Officer for the Trust, your role will be to lead the financial strategy, financial performance and financial governance for the trust, overseeing a strong, motivated and diverse team of financial professionals. Responsibilities will include :
• Ensuring exemplary financial performance
• Setting, developing and delivering financial Strategy against the trust’s overall strategic aims
• Enabling financial decision making leading to financial sustainability and transparency
• Maintaining a sound financial framework, governance and statutory financial control
• Leading input into cost improvement programme, ensuring the trust delivers on challenging targets
• Ensuring board reporting is accurate, timely and supports strategic operational and corporate decision making
• Driving decisions within the Trust’s Executive team, providing challenge, advice and support to your Executive and Board colleagues on wider hospital leadership issues
The ideal candidate will be an accomplished Senior Financial Leader who has an impressive track record of achievement at board level or near to board level in the NHS or another large, complex organisation.
West Hertfordshire Teaching Hospitals NHS Trust has over 5,800 staff and volunteers working across four locations to provide care for over 600,000 people living in and around Watford, Three Rivers, St Albans, Harpenden, Dacorum and Hertsmere. We provide emergency and planned care across more than 50 specialities. Our new five-year strategy will focus on delivering excellent patient care, developing our hospitals, achieving financial sustainability, embracing diversity and designing services with our local partners. We were awarded Teaching HospitalstatusinDecember2021 and we refreshed our vision and values this month to reflect our reputation for being a compassionate, inclusive, empowering and professional organisation. We want a finance leader who can drive and inspire their team to achieve outstanding performance by embracing these values every day.
As part of theNew Hospital Programme we will see construction of a new Hospital start in 2026. We are immensely proud of what we have achieved with our redevelopment programme thus far and our Chief Finance Officer will be instrumental in bringing this large scale investment to reality, ensuring sound financial stewardship through strategic leadership, commercial, influencing and negotiation skills .
We want you to be proud of the legacy you will create at West Herts.
Your skills will include influencing and negotiation at executive level, as well as developing and enhancing financial performance and leading, inspiring and motivating a large and diverse team. We are looking for a candidate who can evidence a strategic mindset and the ability to assess the wider landscape, navigate NHS politics and gain credibility from colleagues and system partners. You will have a positive attitude to change, high expectations of yourself and your team and the enthusiasm and dynamism to succeed in unchartered territory.
We are looking for an exceptional individual with the skills and mindset to embrace collaborative partnership working and to raise standards in everything they do. You will have the appetite and energy to be inspired by the trust’s ambitions and to work with an enthusiastic, bright, and professional executive team to turn these into reality.
The Chief Finance Officer (CFO) will: -
Work with, and as part of, the Trust Board of Directors to provide leadership to deliver the strategic ambitions of West Hertfordshire Teaching Hospitals NHS Trust.
Develop a strong collegiate relationship with the Chief Redevelopment Officer such that the CFO plays a central role in the development and delivery of the new hospital.
Develop and delivery financial strategy for the organisation to ensure long term viability and financial stability, supported by a sound financial framework including standing financial instructions and effective arrangements for financial governance.
Provide strategic and operational advice to the Chief Executive and the Board of Directors on financial performance against plans, ensuring any variances are explained and remedial action is taken.
Ensure there are effective systems of audit, both internal and external, and that the Board’s Audit Committee is provided with appropriate support.
Develop and maintain strong working relationships with system partners to facilitate the implementation of the Trust’s strategic and operational plans.
Be responsible for financial management, business planning / strategy and procurement. This specifically includes the design and stewardship of credible financial policies, procedures, practices and reporting regime through to the Board of Directors.
Be responsible for procurement aligned to financial recovery, involvement in the acute redevelopment programme and being actively involved in material strategic capital cases whether they are contracting or commercial.
With other Directors and managers, ensure necessary cost improvements are identified and programmes put place to deliver on efficiencies and their achievement is monitored and assured.
Please find attached the full job description.
For a copy of the candidate pack please contact Nicola Brooks,
nicola@ie-professionals.com, 07860 737 740
This advert closes on Thursday 6 Jun 2024