Royal Papworth Hospital NHS Foundation Trust
An exciting opportunity has arisen for an experienced and motivated finance professional to join a high-performing finance team with a recognised and award winning reputation for excellence and team development. Working closely with the Chief Finance Officer, this role will support the Trust to meet its financial objectives through the planning, evaluation, delivery, and ongoing financial management of the Trust's private patient offering as well as supporting the Trust's commercial strategy.The role will influence strategic decision making by providing expert financial and commercial advice, engaging senior stakeholders and supporting the development and delivery of the Trust's Commercial Strategy. The role will be the lead finance specialist for private care activities, supporting development of the Trust's wider commercial strategy through assisting with business cases, analysing commercial opportunities and identifying and reporting on the associated financial implications.The role will require highly developed analytical and interpersonal skills, as well as the ability to pick things up quickly and manage competing priorities. We are looking for someone innovative, flexible, and pragmatic, that will proactively engage with key stakeholders. The role will lead the private care finance team and be an active member of the wider Finance Management Group, modelling inclusive and collaborative leadership behaviours that align to our values and that foster a sense of belonging across the team.
Main duties of the job
As the finance lead for private care, develop tools to monitor the financial performance of private care, facilitating robust reporting and agile strategic decision making.
Drive profitable service development through the provision of insightful and accurate financial data
Proactively monitor the market to ensure our pricing strategy delivers maximum value, using this intelligence alongside a suite of financial performance tools to lead contract negotiations and strategic pricing reviews with private medical insurers.
Manage the billing and credit control function, ensuring efficient and timely revenue capture.
Through the delivery of robust financial analysis and management, play a significant role in the development of a private care strategy contributing to the long term financial strategy for the Trust.
Develop and manage a pipeline of commercial opportunities as well as maximising existing commercial projects.
Provide support and analysis in producing business cases for strategic decision making and investment.
Putting people first:
Model inclusive and collaborative behaviours that foster a sense of belonging. Coach, inspire and motivate the team and others, creating an empowering environment for all.
Be the face of Private Patient finance, working collaboratively with clinical, operational and service leads to support the service whilst also providing stewardship to develop wider commercial projects and programmes.
About us
Royal Papworth Hospital NHS Foundation Trust is the UK's leading heart and lung hospital, delivering care to more than 50,000 patients a year in its new state-of-the-art hospital in Cambridge. We perform the most heart and/or lung transplants in the UK and carried out the UK's first successful heart transplant in 1979. It also offers emergency heart attack treatment, sleep centre care and is one of just five centres nationally for those in severe respiratory failure.
Based on the Cambridge Biomedical Campus the largest centre of medical research and health science in Europe the Trust is at the heart of treatments of the future. Royal Papworth became the first hospital trust in the country to be rated outstanding in all five areas assessed by the Care Quality Commission - a rating it still holds today. The Trust holds its values of compassion, excellence & collaboration at its core, and all colleagues joining the team are expected to uphold these in their day-to-day roles & interactions. Royal Papworth is proud of its diverse workforce and encourages people to embrace their individuality.
The Trust values difference and welcomes all applications irrespective of age, disability, gender reassignment, marriage and civil partnership, pregnancy & maternity, race, religion & belief, sex and sexual orientation. Providing they meet the minimum post criteria, applicants with disabilities will be offered an interview.
For a street view tour: https://royalpapworth.nhs.uk/virtual-tour
Job responsibilities
On this page you will find a Role Profile which provides information about the hospital and full details about the role. We recommend that you review this and refer to it as you complete your application. Please include how you will meet the Trust Values Compassion, Excellence and Collaboration. If you would like more information about the role or working at Royal Papworth Hospital, please get in touch with the contact for this role.
Person Specification
Qualifications
* Recognised chartered accountancy qualification (CCAB).
* Evidence of commitment to continuous learning and development and a comprehensive professional knowledge across specialities including financial management, strategic development, income generation, governance, engagement and staff management acquired through training and experience.
* Better Business Case Foundation and Practitioner levels
Experience
* Experience of working at a senior level within a finance team or commercial team or strategy team. Extensive experience of Financial Management including substantial post qualification experience operating at a strategic level.
* Able to demonstrate a good knowledge of the NHS, its strategic direction, and implications of policy. Able to contribute to the strategic direction of the Trust and to approach issues with a broad view, considering multiple factors across clinical, workforce, performance, financial and strategy domains.
* Extensive experience of the financial elements of business planning, the preparation of business cases and the practice application of investment appraisal and financial modelling techniques.
* Highly developed specialist/expert knowledge of financial and accounting procedures, financial and other aspects of legislation and NHS finance policies; CIP; PLICS and SLR; experience in financial accounting and disciplines relevant to commercial finance including: procurement, human resources, general management theory and information management and technology.
* Experience in developing and evaluating new service improvement or commercial ideas or opportunities.
* Experience working effectively with external technical advisors and legal teams to identify and manage risk. Comfortable with being the Trust representative in discussions and ability to identify risks which require escalation and management.
* Exceptional internal and external relationship management and stakeholder management skills and an ability to work with external experts collaboratively. Skilled at forging consensus and leading others towards a common, defined goal. Able to persuade internal and external stakeholders at all levels, including Executive Directors and clinicians, of a particular course of action or viewpoint, whilst respecting their point of view.
* Able to demonstrate sound analytical and judgement skills with the ability to deal effectively with large quantities of complex data, both financial and non-financial and producing clear and understandable recommendations, often generating options where data is conflicting or unclear.
* Excellent judgement based on evidence, research, logical thinking that aligns to the vision, mission and values of the Trust.
* Experience of supporting or directly negotiating contracts with third parties, particularly where there is income or profit share involved.
* Able to prepare reports to senior management and sub-Board Committees ensuring they are clear, concise, and tailored to the appropriate audience. Highly developed level of interpersonal skills that enable highly complex technical issues to be explained in clear and concise terms.
* Ability to communicate in an impactful and inclusive way, in both written and verbal forms, including experience in report writing. An ability to connect and engage with a wide and diverse range of people, in large and small audiences, including when presenting complex and sensitive information to internal and external stakeholders.
* Ability to operate with discretion and without direct supervision to deliver the requirements of the Trust. Experience of working with high level of autonomy requiring a proactive approach and confidence in own ability when making decisions.
* Able to predict or calculate the resources and/or time needed for an activity using knowledge and experience and awareness of the need to make realistic predictions and contingency plans.
* Ability to remain calm and perform consistently in changing and/or stressful situations. Ability to work in a fast paced environment, enabling quick decision making whilst balancing risk.
* Previous staff management experience and/or able to demonstrate an understanding of good personnel practice and its application. Able to establish a course of action for self and others to ensure that objectives are achieved.
* Excellent individual organisation skills and an ability to effectively prioritise individual and team work to achieve deliverables in a busy and unpredictable work environment.
* Understanding of what good governance systems, structures, policies and procedures look like to safeguard against risk to the Trust. Ability to develop and implement policies and standard operating procedures in collaboration with wider stakeholders. Experience leading the development of policies and procedures across a function or service.
* Experience in setting and managing budgets across different functions.
* Excellent and comprehensive computer skills including highly proficient PowerPoint and excel skills.
* Experience negotiating private patient contracts
Additional Criteria
* Please provide evidence of your commitment to uphold the Trust's values: Compassion, Excellence, Collaboration
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Employer name
Royal Papworth Hospital NHS Foundation Trust
Kingfisher Way, Hinchingbrooke Business Park
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