Head of Finance | Nottingham University Hospitals NHS Trust
| Posting date: | 04 June 2025 |
|---|---|
| Salary: | Not specified |
| Additional salary information: | £74,290 - £85,601 per annum |
| Hours: | Full time |
| Closing date: | 04 July 2025 |
| Location: | Nottingham, NG5 1PB |
| Company: | Nottingham University Hospitals NHS Trusts |
| Job type: | Permanent |
| Job reference: | 7250820/164-7250820 |
Summary
There has never been a more exciting time to join Nottingham University Hospital NHS Trust, after going through major organisational change we are looking to recruit into our new Financial Management structure to support the Trust in achieving the second year of its multiyear financial recovery plan. We are recruiting into three of our newly established Head of Finance roles supporting three of our Care Groups; Surgery and Associated Specialities, Medicine and Family Health.
These high profile and critical roles will support the Assistant Director Finance for Financial Management in influencing and driving the strategic development of the Care Groups and will be involved in developing near term and medium-term strategic planning to support and inform effective decision making; helping to ensure the Care Groups can successfully meet its strategic objectives for patient care and improvement while returning to a balanced budget.
We are seeking candidates with an outstanding track record of success in the NHS or similar large complex organisations. You will possess first class financial leadership and influencing skills with the ability to forge effective working relationships across a wide set of internal and external stakeholders. You will be an exemplary ambassador for the Trust and Finance Department and have the political nous to support the Trusts interests across the system.
Reporting to the Assistant Director of Finance – Financial Management, the post holder will:
Be accountable and take responsibility for the development of true business partnering within their assigned care group and corporate areas. To develop long-term productive relationship with the care group leadership and wider Financial Management department while acting as a trusted advisor, influencing strategic decision making for their responsible Care Group or Corporate Group.
Be required to provide advice to Care Group or Corporate Group Leadership Team and senior managers on complex business cases. This will involve integrating with the senior management team of the care group, assisting in the production of annual financial plans, devising cost improvement programmes, monitoring against the plans in year, producing financial forecasts and recovery plans as required.
Be responsible for overseeing the preparation of robust forecasts to be agreed with the care group and corporate leadership. Including developing the operational and strategic final plans and the identification of risks and mitigating actions within such plans.
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.
Strategic Responsibilities
Provision of financial and commercial advice and insights to achieve the strategic and operational goals of the Care Group, Corporate areas and wider Trust. Provision of advice, guidance and support to business leaders and clinicians, enabling and influencing decision-making to achieve optimal performance
Identification of issues to be addressed by the Board, Executive Team or Care Group/Corporate Group
Ensure advice is consistent across the financial management department ensuring shared learning and development of a one trust approach.
Work in collaboration with the Financial Management department to continuously identify and improve the effectiveness of accounting systems and financial reporting contributing to the services financial sustainability plan and developing efficiencies, consistency and centralisation of processes where appropriate
When necessary deputise for the Assistant Director of Finance on financial management matters
Financial Management
To have overall responsibility for all aspects of financial management within the allocated Care Group / corporate area in conjunction with the Associate Head of Financial Management.
Review and approve for distribution the monthly performance reporting packs for the Care Group and corporate areas
Provide financial advice and support to the Executive team and senior management within the Trust translating complex and technical financial issues into meaningful management information.
Monitor non-financial performance indicators (e.g. length of stay, theatre utilisation) to identify areas where the use of resources can be improved. Work with operational managers and clinicians to improve productivity and demonstrate the impact of this on financial performance.
Where performance differs from plan, develop recovery measures in consultation with Care Group and corporate areas leadership.
Contribute to the evolution and development of Care Group reporting, in collaboration with the Associate Head of Financial Management.
Improving Value
Work with the care group and corporate senior management, to develop efficiency schemes in accordance with overall trust and national requirements, identifying opportunities and provides financial, support, advice and direction.
Ensure there are robust, credible and effective short-, medium- and long-term plans in place to deliver the service improvement programme, and that appropriate resources are available to support delivery of the programme.
Assess, monitor and review the delivery of efficiencies and associated financial benefits, working with Care Group and corporate areas to address any issues.
Ensure that the financial content is developed for PIDs for schemes that will be taken forward.
Promote and maximise the use of PLICS to identify and develop transformational efficiencies.
Planning, budgeting and forecasting
Lead on the provision of finance/business planning advice in relation to strategic planning, service redesign/modernisation proposals and new business for their specific Care Group or Corporate Group.
Lead on the annual budget setting process for the Care Group and corporate area, including the setting of objectives to achieve key performance targets in order to meet the Trusts business and financial objectives. Identify, co-ordinate and quantify Service Developments, Cost Pressures, Improving Value Programmes and Capital Bids to support the annual objectives. Ensuring deadlines set by the Associate Head of Financial Management are met and can be incorporated by the reporting team.
Review and approve amendments to budgets, including any amendments to the next year base budget.
Ensure that financial forecasting is robust and provides effective early warning to the Care Group and Corporate area of potential future problems and enabling financial risks to be effectively managed.
Where forecast out-turn deviates from plan, lead the process of preparing a financial recovery plan.
Ensure budgets are approved and signed off before the start of the financial year.
Business Cases
To take overall responsibility for the financial element in business cases, to coordinate input and sign off any detail to enable sign-off from the Care Group and corporate area in the development of the case.
Ensure the financial elements reflect the case and meet the required quality standard set for the Financial Management function.
Lead review of the accuracy of financial analysis and triangulation of highly complex data from a variety of sources. Ensure the application of recognised investment appraisal techniques to facilitate decision making and ensure that developments withstand robust financial scrutiny.
Present business cases alongside operational colleagues to the relevant approval groups on the financial consequences of different options.
Lead training sessions for finance and non-finance staff on financial issues, including e-learning and the Trust finance training courses, ensuring consistency with the standards and training materials set for the Financial Management function
Leadership/Management
To provide senior management and leadership to the wider Financial Management Team
including responsibility for staff development to enable them to perform to best of their abilities
Assist the Head of Finance – Financial Management to regularly review the workload/capacity in the department, where volume of work is unpredictable and externally driven, making judgements about how the work will be best managed.
To assist in the review of staffing resources for the service in conjunction with the wider team and Trust strategic goals to ensure that longer term staffing needs, skills and personnel are built into the staff recruitment and retention strategy.
Ensure that all managed staff meet their statutory and mandatory training and appraisal requirements, ensuring personal development plan are in place.
Ensure that the service runs effectively during absence due to sickness or annual leave.
To support team members when dealing with distressing information, signposting them to Occupational Health and wellbeing support available
Effectively manage staff under Trust HR policies and procedures as required.
Create a culture where staff feel empowered and accountable for service improvement at local level
This advert closes on Sunday 29 Jun 2025