Director of Strategic Finance / Deputy Chief Financial Officer

We are looking for an exceptional leader to join our Finance Team. Reporting directly to the Chief Financial Officer and in conjunction with the Director of Operational Finance, you'll be pivotal in building and developing the Finance Team and implementing highly effective systems and practices. To succeed you will have the ability to provide strategic leadership and to foster a culture of compassion, innovation & inclusion, that improves the services we provide, whilst supporting financial sustainability. As an expert communicator, you'll be comfortable to lead on the sharing of highly complex information in a way that empowers others and facilitates their contribution. You will be working with colleagues across the Trust and the wider Nottingham and Nottinghamshire Integrated Care system.
The Board has recently approved an ambitious Financial Sustainability Plan that will see the Trust return to a recurrently sustainable place over the next two years. This role is key in leading the delivery of the FSP, developing the strategic financial direction of the Trust and managing the capital programme., This role is crucial in ensuring the financial health and sustainability of our Trust. The role leads delivery of strategy, capital, commissioning and income, and financial sustainability to support our strategic objectives while ensuring compliance with regulatory requirements and best practices. This position requires strong leadership skills, financial insight, deep understanding of healthcare finance, and the ability to deliver high-quality, cost-effective healthcare services.
The role reports into the Chief Financial Officer, and is responsible for directing the Strategy, Capital, and Commissioning and Income teams and strategic oversight of the financial recovery and sustainability of the Trust, including the work of our Financial Recovery Strategic Partner. The post holder will lead and motivate teams effectively as well as building strong relationships with a range of stakeholders and partners.
Working collaboratively with the whole Finance leadership team, and in particular with the Director of Operational Finance, the Chief Financial Officer and ICS Finance colleagues. Close working relationships will ensure that strategic planning arrangements are designed in a way which takes into account the current financial performance of the Trust, and supports delivery of the annual budgets and rolling forecasts., + 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.
+ Work with the Chief Financial Officer to define and develop the strategic direction of the finance function so that it is able to set challenging objectives for the future in response to changing needs. Work with the Chief Financial Officer to manage and minimise strategic financial risk for the organisation.
+ Contribute to the development of overall vision and of strategies for the Trust which provide clear direction for future development. 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.
Strategic Planning
+ Advise on the formulation of financial strategy and continuously monitor it against performance. The financial strategy should ensure best possible use is made of the organisation's resources and will require adjustment over time.
+ ensure the development of a medium-term financial plan, based on best practice financial and business principals.
+ co-ordinate the preparation of the Trust's Annual Plan for presentation in a clear and concise manner to the Trust Board prior to the start of the financial year and ensure the agreement of a plan that meets the Trust's agreed financial performance.
+ communicate planning information and assumptions to the Executive Directors and senior managers and, where necessary, make challenging recommendations in order to meet the Trust's financial targets.
+ ensure capacity and workforce plans are triangulated into the financial plan of the Trust and that NHSE detailed requirements as outlined in planning guidance are fully complied with.
+ ensure there is realistic planning around likely resources and an appropriate assessment of risk including detailed reviews of business cases.
Capital
+ develop a capital investment plan.
+ ensure there are sufficient resources to finance the Capital Investment Programme, identify innovative sources of funding and, where necessary, apply for loan funding from the Department of Health, subject to the approval of the Trust Board.
+ ensure that robust policies and procedures are in place for the effective stewardship of the Trust's assets and management of the Trust's Capital Investment Programme within the Trust's delegated limits.
+ review and analyse highly complex business cases and recommend a course of action to the Trust Leadership Team, presenting the facts in a clear and concise manner. The review and analysis will include reference to VFM issues, Standing Orders and Standing Financial Instructions. develop and implement an effective strategy for the efficient maintenance, utilisation, safe custody and protection of ownership of the Trust's fixed assets including real estate.
Costing
+ further develop the PLICS and SLR systems and roll them out across the Trust. Present findings and change opportunities to senior colleagues and lead the implementation. Work with clinical and operational colleagues to set up a clinical user group to continuously refine our systems further.
+ develop a high-quality patient level costing function and service line reporting, ensuring that costing information is made available to operational managers and clinicians in a user-friendly way, and ensure they are engaged in its interpretation, development and use for planning and managing services and improving use of resources - alongside model hospital and GIRFT data.
+ develop, interpret and disseminate other sources of benchmarking information on the efficiency and effectiveness of services, such as NHS Benchmarking Network studies.
+ deliver Service Line Reporting, national costing submissions and Reference costing to the Trust ensuring that this is a clinically led and informed service embedded within the operational decision making of the organisation.
Commissioning and Income
+ agree commissioning contracts and participate in the evaluation and preparation of bids for new tenders in line with the Trust's strategic objectives.
+ effectively manage financial agreements between the Trust and its stakeholders to ensure appropriate recovery of costs.
Financial Recovery and Sustainability
+ Manage relationship with strategic partner, ensuring delivery of recurrent cash out savings, and ensuring knowledge transfer to Trust.
+ Oversee the design, implementation and monitoring of a 3 year rolling cost improvement plan and the routine reporting of financial delivery against agreed 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., 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 the 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.
Closing Dates: Please submit your application form as soon as possible to avoid disappointment; we reserve the right to close vacancies prior to the published closing date if we receive a sufficient number of completed application forms.
Communication: All communication related to your application will be via the email address you have provided. Please ensure you check your email account including your junk email regularly.
Easy read application: if you have a disability and find it difficult to complete our online application form, you can apply via our easy read application which you can find on the intranet https://www.nuh.nhs.uk/easy-read-job-application
NUH are now able to offer application completion support and interview preparation support. Please follow the link to book onto our sessions: Support for NUH Job Applications
If you are aged 16 or 17 and applying for a role that is more than 20 hours a week, please be aware that you will be asked to commence an Apprenticeship within the Trust alongside your role, as long as there is a suitable apprenticeship standard available. This is in line with the current guidance in England that whilst young people under the age of 18 can leave school (on the last Friday in June) they must then do one of the following:
+ Stay in full-time education, for example at a college
+ Start an Apprenticeship
+ Spend 20 hours of more a week working or volunteering, while in part-time education or training

Salary: The quoted salary will be on a pro rata basis for part time workers.
Disability Confidence: All applicants who have declared a disability and who meet the essential criteria for the post will be shortlisted.
At Risk of redundancy: NHS employees within the East Midlands who are 'at risk' of redundancy will be given a preferential interview where they meet the essential criteria of the person specification.
International Recruitment: If you are applying for a role with us from outside of the UK then please read the guidance on applying for a health or social care job in the UK from abroad.
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Consent:
+ Transfer of information: If I have previous NHS service - I consent to the transfer of my Electronic Staff Record (ESR) data between this and other NHS Trusts. I also consent to the Occupational Health Department confidentially accessing my occupational health records from my current or previous employer in order to check the status of my vaccinations, immunisations s and screening tests as relevant to the post. I understand this is an automated process and the information will only be used for these purposes prior to me taking up the position at NUH.
+ Disclosure and Barring Service: Your post maybe subject to a DBS check which incur a cost dependent on the level of check required (£42.90 for enhanced and £22.90 for standard). I agree to reimburse Nottingham University Hospitals NHS Trust the cost of a Disclosure and Barring Service (DBS) check if it is required (by deduction from first month's pay). Should I decide to withdraw from my job offer, I agree to reimburse Nottingham University Hospitals NHS Trust the cost of the DBS check undertaken by cheque or other agreed method.
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