The Deputy CFO for Financial Operations will support the Chief Financial Officer (CFO) and Executive Team in developing and delivering the Trust’s strategy and in improving the Trust’s financial efficiency and performance. They will have corporate responsibility for the following teams: Financial Operations, Financial Management Information and Analysis and Business Partnering.
They will provide day-to-day leadership to the finance team and will be responsible to the CFO for delivery of the required financial support, challenge and analysis. They will be expected to present financial and business information to large groups, such as the whole Finance function as well as clinical and non-clinical colleagues from outside of Finance. The post holder will work closely with the CFO to provide leadership and direction to improve the financial performance of the Trust. The post holder will take forward the development of Business Partnering within the Trust to ensure that it underpins clinical and corporate objectives and provides divisions with the financial information and support they need to make informed decisions about their services.
The post holder is expected to work as part of a cohesive finance team and, when necessary, to take lead responsibility for Trust-based issues outside of their immediate sphere of responsibility.
They will also act as the nominated deputy CFO. The post holder will be expected to deputise for the CFO in
all finance related matters. The post holder will also be expected to lead on a number of Trust-wide
programmes of work to deliver benefits across the group.
The post holder will be accountable for interpreting changes in government policy and assessing the financial
impact of these changes on Trust Finances. They will propose and make changes to Trust policy as
appropriate, ensuring that policies and procedures are developed and implemented in line with Trust
requirements.
In providing specialist financial expertise and leadership to the business there is an almost constant
requirement for the post holder to exercise intense concentration and sustained mental effort in order to
analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise
and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.
King’s College Hospital NHS Foundation Trust is one of the UK’s largest and busiest teaching Trusts with a turnover of c£1.8 billion, 1.5 million patient contacts a year and around 15,000 staff based across 5 main sites in Southeast London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King’s College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in Bromley.
King’s is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus .
Our values at King’s, are that we’re a kind, respectful team:
Kind. We show compassion and understanding and bring a positive attitude to our work
Respectful. We promote equality, are inclusive and honest, speaking up when needed
Team. We support each other, communicate openly, and are reassuringly professional
The trust-wide strategy Strong Roots, Global Reach is our Vision to be BOLD; B rilliant people, O utstanding care, L eaders in Research, Innovation and Education, D iversity, Equality and Inclusion (EDI) at the heart of everything we do. By being person-centred, digitally enabled and focused on sustainability, we can take Team King’s to another level
The post-holder will be a key part of the finance leadership team and be expected to participate fully in the senior leadership of that unit.
The post-holder will have a number of key responsibilities:
Responsible for financial results of the Trust.
Responsible for the development of the Trust’s financial plan.
Accountable for the forecast performance of the Trust.
Responsible for driving financial value within the Trust to deliver the best quality healthcare at the lowest unit price and managing interventions where clinical divisions are not delivering as expected.
To provide professional financial leadership and support to the Trust.
To ensure that the hospital is complying with the Trust’s financial standards of reporting, control and conduct.
To lead relevant projects and business cases.
To provide financial expertise and support to the contracts team as relevant.
Leadership of the Trust finance team and direct management of the MI and Analysis, Financial Planning, Strategic Projects and Continuous Improvement teams.
To work with the CFO and Executive Team in managing and minimising financial risk for the organisation.
To support the delivery of the efficiency savings/productivity plans within the hospital, including supporting the delivery of plans across the wider ICS.
To ensure effective, robust engagement with staff and all stakeholders relating to matters of improving value for the taxpayer.
To work with other directors in developing strategic partnership arrangements with key stakeholders and commissioners.
To deputise for the Chief Finance Officer.
To lead on the financial benefit planning and realisation of a number of Trust wide programmes of work.
Financial Operations
Analysing and interpreting technical financial reporting standards, new statutory legislation and technical guidance and providing advice to the Trust on the impact of these. Accountable for setting Trust-wide accounting policy based on standards and legislation.
Acting as financial lead for Statutory External and Internal Reporting including the production of the Statutory Annual Report and Accounts, Financial returns to NHS Improvement and DHSC, and monthly Finance Committee and Board Reports.
Active management of the financial position of the organisation, particularly related to liquidity and credit risk.
Medium and long-term strategic financial planning and modelling including providing technical accounting advice to support significant developments and business cases and assessing the impact of these plans Trust-wide.
Ensuring Trust Standing Financial Instructions, Code of Financial Procedures and Trust-wide financial policies and procedures are developed, implemented and maintained to minimise Trust risk.
Overall responsibility for the management of Capital Finance, Financial Accounts, Treasury Management, Payroll and Financial Processing functions, ensuring that the functions of these departments are effectively and efficiently delivered.
Main Trust Finance contact with DHSC, External and Internal Auditors, Trust’s Financial and Investment Institutions and Payroll Provider.
Identification, measurement and management of impact of risk, and minimising exposure to risk. Accountable for producing risk-based Trust-wide controls in line with best practice and ensuring compliance with these controls.
The post holder is accountable for the oversight of the Counter Fraud Specialist.
Oversight of the development of databases and financial systems to be implemented within Finance, or interface with Finance systems ensuring the integrity of the Trust’s computerised financial ledger system is maintained and appropriate information can be reported.
