Job summary
Reporting to the Associate Director of Finance, the post holder will be responsible for several outsourced financial services functions to NHS Shared Business Services (SBS) and an in-house team providing Financial Services.
The post holder will play a key role in supporting the development of Trust financial plans, together with the on-going monitoring and reporting of financial performance. The post holder will provide expert technical accounting advice and support to the Trust and be responsible for helping develop and provide a best-in-class financial services function.
Main duties of the job
The post holder will be responsible for the accurate, compliant and timely production of various statutory returns, including the Trust's annual accounts and monthly returns to the Integrated Care Board (ICB) and NHS England (NHSE). They will provide a lead role in managing the Trust's Balance Sheet as well as support to the Trust in planning, coordinating and monitoring the Trust's capital programme.
The post holder will work closely with a range of key stakeholders both internally and externally, which will include the establishment and maintenance of strong relationships with external bodies and regulators. This role will also manage the in-house team providing Financial Services to ensure a high-quality service is provided in a timely manner.
About us
Cambridgeshire and Peterborough NHS Foundation Trust is a health and social care organisation dedicated to providing high-quality care with compassion to improve the health and wellbeing of the people we care for, as well as supporting andempowering them to lead a fulfilling life.
Our clinical teams deliver many NHS services, not only via inpatient and primary care settings, but also within the community. These services include children's, adult and older people's mental health, forensic and specialist mental health, learning disabilities, primary care and liaison psychiatry, substance misuse, social care, research and development.
To achieve our goal, we look to recruit high-calibre candidates who share our vision and values. As an equal opportunities employer, we encourage applications from all sectors of the community, particularly from under-represented groups including people with long term conditions and members of our ethnic minority and LGBTQ+ communities.
Regrettably, we cannot offer sponsorship for all our job roles. If you apply for a role that we cannot offer sponsorship for, unfortunately, your application form will be rejected from the process.
For further information on CPFT, please visit our website at
Job description
Job responsibilities
KEY DUTIES
Generally, acts under professional review of the Associate Director of Finance throughout.
May undertake any other duties commensurate with grade, as requested; and
Will typically work using a range of PC-based software applications ( MS Excel and Oracle).
Financial Governance and Technical Matters
Alongside the ADF, project managing and being professionally responsible for the accurate and compliant production of various regulatory returns, ensuring they are accurate, timely and satisfy audit requirements. Working across other finance teams for their accurate and timely completion.
Providing expert financial advice to senior managers including directors, liaising with NHSE, Department of Health and Social Care, HMRC and auditors on strategic or technical matters where required.
Business partnering with divisional colleagues to develop and deliver strategic capital planning and reporting. Supporting the Trusts strategic aims and ensuring achievability of plans.
Collating the Trusts annual (and 5-year) capital programme in liaison with care groups and as informed by the Capital Investment Committee for presentation at, and approval by, the Business & Performance Committee. Reporting such plans to DHSC/NHSE, including assessment of capital financing (CDEL).
Enabling the monitoring of actual and forecast capital spend and the identification of slippage remedies, through liaising across stakeholder teams and the formal reporting of opportunities and progress against agreed schemes.
Ensuring that the Trusts capital accounting function appropriately accounts for and reports capital expenditure, depreciation, revaluations, and disposals. Coordinating Trust-wide asset revaluation and verification exercises, and impairment reviews, in line with policy and regulation.
Maintaining the Trusts PFI and leasing accounting models, liaising with the Trusts Corporate management accountant, appropriate Trust managers and leasing / PFI partners where required.
Ensuring that assigned elements of financial reporting for Board / committees / NHSE is compliant, accurate and in line with internal / national deadlines, through the coordination of / liaison with teams during financial month end and designing / operating highly complex financial models. This includes the reporting of actuals and forecasts, analysingvariance to planfor the readership, and recommending / implementing actions and solutions where appropriate.
Interpreting complex legislation and accounting standards, using expert knowledge and sector insight to translate wider policy and regulation into Trust policy. Developing Trust-wide financial policies, systems and processes in liaison / partnership with other teams.
Championing the Trusts Standing Financial Instructions (SFIs) and other constitutional, policy and financial governance matters.
Developing / managing various technical and revenue budgets.
Developing / operating highly complex models for the Trusts financial plan, taking I&E data through to Statement of Financial Position, Statement of Cash Flows, and regulatory ratios, including sensitivity analysis and scenario modelling, and extension to strategic multi-year models.
Ensuring KPIs, performance standards and timetables are created and cascaded through the sections to effectively coordinate efforts in meeting Financial Services objectives, including meeting of BPPC payment targets for supplier payments, sound credit control procedures, as well as monthly financial reporting.
Ensuring various SOFP / systems reconciliations and other key financial control processes are adequate, completed, reviewed, and tracked.
Modelling and monitoring cash flows, including forecasting, and undertaking proactive cash management processes including borrowings and transfers. Liaison with DHSC/NHSE regarding the Trusts liquidity and compliance with prevailing cash regimes.
Proactively developing each managed service through efficiency (savings and quality) schemes, including benchmarking and liaison with external service providers, working on, and contributing to cases for service transformation or partnership working if judged to be advantageous.
Produce the statutory Annual Accounts for the Head to Toe Charity, ensuring they are prepared in accordance with the Charities Commission guidance and that all external and internal deadlines are met.
TEACHING & TRAINING RESPONSIBILITIES
Providing strategic and operational advice to senior managers, project managers and other operational staff on complex issues through the interpretation of financial information, accounting standards, national guidance and/or statute.
Writing papers for Board / Committees / subgroups. Presenting to Committees / sub-groups as appropriate.
Advising senior managers, clinicians, and partners to comply with the highest standards of financial governance and the Trusts SFIs and subsidiary polices, which may involve conflict resolution, negotiation and persuasion.
Increasing the financial awareness of non-Finance staff.
LINE MANAGEMENT/SUPERVISORY RESPONSIBILITIES
Leading teams through a conspicuous commitment to quality in all outputs.
Cascading the vision - setting expectations, KPIs, performance standards and so on for each team, ensuring that adequate procedures and policies are in place.
Co-ordinating annual leave and flexi-time arrangements for the teams, addressing disciplinary, capability and grievance issues, management of staff attendance, and mandatory training compliance. Recruiting staff.
Promoting staff development, through active support of the Finance Staff Development Lead. Ensuring that appraisals within the teams are prioritised, timely, linked to Finance objectives and meaningful to staff.
Ensuring that new staff experience suitable induction, and that staff are familiar with Trust-wide issues, and relevant policies and procedures.
Leading inknowledge management, locally and motivating teams in a learning organisation culture within Financial Services.
Managing self and teams, and advising / coordinating with linked teams, in ensuring statutory financial accounts are produced for the Trust and for the Charity, meeting local and national deadlines.
Planning and coordinating the work of each section in liaison with section leaders.
Tracking progress and monitoring delegated work streams.
Managing own time in accordance with relevant (external) deadlines, ensuring all deadlines are met on a timely basis.
Ensuring that projects are delivered within available resources and to agreed timescales.
Operating autonomously to analyse options and make judgements on the most appropriate financial action for the Trust, whilst remaining within departmental guidelines, professional boundaries, and professional review frameworks.
Identifying own development needs and the means of meeting them, in line with the professional codes of conduct applicable to accountancy professionals.
Escalating to and deputising for the Associate Director of Finance as appropriate / required.
PROFESSIONAL RESPONSIBILITIES
As indicated in the Person Specification and above, ongoing evidenced CPD and CCAB body membership are both required. It follows that professional conduct, both technical and ethical, commensurate with such membership, is also required.
Person Specification
Education
Essential
1. CCAB qualification.
2. Evidence of compliance with institute CPD requirements.
3. Honours degree or equivalent level of qualification and/or equivalent experience.
Experience
Essential
4. Significant senior post-qualification finance experience, working in an NHS or similar organisation to understand complexities of processes.
5. Extensive specialist knowledge over more than one Financial Services function acquired through experience.
6. Staff management experience including finance staff development
7. Previous Finance experience including leading in the production of cash and capital plans and regulatory returns, and leading in the delivery of Financial Services outputs
8. Experience of preparing the statutory annual accounts
Knowledge & Skills
Essential
9. Highly developed communication skills with the ability to communicate complex financial data to non-finance managers
10. Communicate contentious information to an audience that may not be receptive
11. Communicate clearly and concisely, both verbally and in writing, including the production of Committee papers
12. Strong leadership qualities
13. Ability to form judgements and make autonomous decisions guided by policies and procedures
14. Confidence in using IT Microsoft Microsoft Office, integrated financial ledger system, databases with accurate output
Other
Essential
15. Accepts responsibility and accountability for own work and can define the responsibilities of others
16. Recognises the limits of own authority within the role