Divisional Head of Finance

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Job summary

As a Divisional Head of Finance (DHF) with CUH, you will enjoy an exciting and rewarding position. Working closely with the relevant Divisional Director, you can expect to play a vital role in the leadership of one of our Clinical Divisions, where typically revenue budgets are in excess of £200m per year with over 2,000 members of staff. You will have regular exposure to the wider senior leadership team of the Trust, including Executive Directors through divisional performance meetings.

The Trust has now embarked on its updated strategy; CUH Together 2025 including a range of major projects across the organisation offering you the chance to further develop your experience and knowledge as you build your career.

You will report to the Deputy Director of Finance and will manage a finance team for the Division to deliver strategic and operational finance support and advice including budget-setting and monthly financial reporting. This means you will have opportunities to work closely with divisional and operational teams across the Trust.

We are seeking talented staff to build a diverse workforce which accurately reflects the values of the trust, patients and population that we serve within the Cambridgeshire and Peterborough region.

Main duties of the job

The DHF will be responsible for all of the key functions within the Divisional finance team and supporting and leading on the continuous improvement of wider departmental policies and processes. These include the development of the Divisional annual and long term plans and leading on the detailed budget-setting process identifying financial risks and opportunities and overseeing the production of outturn forecasts. You will also act as the finance lead for the divisional productivity and efficiency programme and support the production of high quality and robust business cases enabling improvement across the Division.

On a monthly basis you will ensure the accurate and timely production of monthly finance and performance management information for the Divisional Management and Senior Finance Teams.

You will be responsible for directing, motivating and managing their team and will play a key role in developing their skills and those of the wider finance team.

About us

Our Trust

Cambridge University Hospitals (CUH) NHS Foundation Trust comprises Addenbrooke's Hospital and the Rosie Hospital in Cambridge. With over 11000 staff and over 1100 beds the priorities of the Trust focus on a quality service which is all about people - patients, staff and partners. Recognised as providing 'outstanding' care to our patients and rated 'Good' overall by the Care Quality Commissioner, is testament to the skill and dedication of the people who work here. CUH's values - Together - Safe, Kind, Excellent - are at the heart of patient care, defining the way all staff work and behave. The Trust provides accessible high-quality healthcare for the local people of Cambridge, together with specialist services, dealing with rare or complex conditions for a regional, national and international population.

CUH is committed to promoting a diverse and inclusive community - a place where we can all be ourselves. We value our differences and fully advocate and support an inclusive working environment where every individual can fulfil their potential. We want to ensure our people are truly representative of all the communities that we serve. We welcome applications for all positions in the organisation irrespective of people's age, disability, ethnicity, race, nationality, gender identity, sex, sexual orientation, religion or belief, marriage and civil partnership status, or pregnancy and maternity status or social economic background.

Job description

Job responsibilities

About our Financial Management team

Our staff have opportunities to learn and develop their skills and are encouraged to generate new ideas that help to support our services in providing excellent patient care.

The finance department has embarked on an exciting transformation journey and has recently received Level 1 accreditation for Future Focussed Finance. A new financial ledger system has been implemented and aims to improve the management and business intelligence systems to provide greater insight for our stakeholders.

We encourage team members to volunteer to participate in finance improvement working groups. As an accredited organisation with AAT, ACCA, CIMA, ICAEW and CIPFA; we have reinforced our commitment to staff development by encouraging Continuing Professional Development, offering developmental opportunities through programmes offered by the Regional Finance and Leadership Academy as well as study support packages primarily through the apprenticeship route.

Please see the attached Applicant Information Pack (combined Job Description and Person Specification) for key duties and responsibilities.

This vacancy will close at midnight on the 14th June 2023.

Benefits to you

We offer development opportunities and a wide range of benefits including on-site leisure facilities, shopping concourse, day nurseries and access to a great transport system with easy access to airports and rail travel.

Please note if you would like to discuss the required hours of this role further, you should approach the contact given. In some cases alternative working hours will be considered.

We welcome applications from the Armed Forces.

Job description
Job responsibilities

About our Financial Management team

Our staff have opportunities to learn and develop their skills and are encouraged to generate new ideas that help to support our services in providing excellent patient care.

The finance department has embarked on an exciting transformation journey and has recently received Level 1 accreditation for Future Focussed Finance. A new financial ledger system has been implemented and aims to improve the management and business intelligence systems to provide greater insight for our stakeholders.

We encourage team members to volunteer to participate in finance improvement working groups. As an accredited organisation with AAT, ACCA, CIMA, ICAEW and CIPFA; we have reinforced our commitment to staff development by encouraging Continuing Professional Development, offering developmental opportunities through programmes offered by the Regional Finance and Leadership Academy as well as study support packages primarily through the apprenticeship route.

Please see the attached Applicant Information Pack (combined Job Description and Person Specification) for key duties and responsibilities.

This vacancy will close at midnight on the 14th June 2023.

Benefits to you

We offer development opportunities and a wide range of benefits including on-site leisure facilities, shopping concourse, day nurseries and access to a great transport system with easy access to airports and rail travel.

Please note if you would like to discuss the required hours of this role further, you should approach the contact given. In some cases alternative working hours will be considered.

We welcome applications from the Armed Forces.

Person Specification

Qualifications

Essential

• Recognised Professional Accountancy Qualification (i.e. Fully Qualified member of CCAB) or equivalent experience.
• Degree or equivalent.
• Completion of evidenced ongoing Continuing Professional Development (CPD), in accordance with guidelines produced by the relevant Professional Accountancy Body.

Desirable

• Masters Qualification.

Experience

Essential

• Extensive experience of Financial Management including substantial post qualification experience operating at a strategic level.
• Experience at working at strategic level, able to recognise direction and implications of policy.
• Extensive experience of the financial elements of business planning, the preparation of business cases and the practical application of investment appraisal techniques.
• Experience of costing methodologies and their application.

Desirable

• Experience of working with external professional advisors.
• Experience of tariff pricing structures.

Knowledge

Essential

• Ability to negotiate effectively and maintain robust partnership relationships.
• Specialist, expert knowledge of specific NHS policies/procedure for example Payment by Results, Coding, Patient Choice, Foundation Trusts.
• Good working knowledge of and proven interest in the NHS including understanding of key targets and the performance management framework.
• Up to date, in depth knowledge of Financial and Management Accounting procedures including International Financial reporting Standards (IFRS).
• Familiarity with relevant changes in clinical practice and the consequent impact on resource utilisation.

Skills

Essential

• Excellent written communication skills including the ability to summarise highly complex financial issues into concise financial reports and prepare complex, multi-faceted business cases.
• Good verbal communication and presentation skills including the ability to explain highly complex financial issues clearly and persuasively to non-financial staff and communicate sensitive or contentious information in order to influence decision making.
• Awareness of organisational politics in order to keep healthcare professionals on board with key changes and resource management.
• Flexibility to work autonomously with the skills to make decisions independently and delegate effectively.
• Proven ability to use own initiative, prioritise work to meet tight deadlines delegate appropriately and apply problem solving skills effectively.
• Good understanding of operational issues and how organisational pressures affect broader resource utilisation.
• Strong analytical skills including the ability to make sound judgements and decisions on highly complex issues to minimise financial risk in situations where there is a multiplicity of targets / objectives, imperfect information and no obvious precedent.
• Ability to make judgements on financial risks where expert opinions may conflict is required.
• Ability to remain calm and perform consistently in stressful situations.
• Confidence to advise on certain courses of action/decisions which may have far-reaching and long-term strategic consequences for the Trust.

Additional Requirements

Essential

• Comprehensive IT skills including the use of Financial Systems / General Ledgers. Experience with Microsoft Office products/other software packages including the ability to design highly complex spreadsheets, reports and databases to manipulate and analyse technical data and convert it into an accessible, user-friendly format.
• The ability to understand and behave at all times, towards patients, visitors and colleagues according to the Trust values of safe, kind, excellent.

Person Specification
Qualifications

Essential

• Recognised Professional Accountancy Qualification (i.e. Fully Qualified member of CCAB) or equivalent experience.
• Degree or equivalent.
• Completion of evidenced ongoing Continuing Professional Development (CPD), in accordance with guidelines produced by the relevant Professional Accountancy Body.

Desirable

• Masters Qualification.

Experience

Essential

• Extensive experience of Financial Management including substantial post qualification experience operating at a strategic level.
• Experience at working at strategic level, able to recognise direction and implications of policy.
• Extensive experience of the financial elements of business planning, the preparation of business cases and the practical application of investment appraisal techniques.
• Experience of costing methodologies and their application.

Desirable

• Experience of working with external professional advisors.
• Experience of tariff pricing structures.

Knowledge

Essential

• Ability to negotiate effectively and maintain robust partnership relationships.
• Specialist, expert knowledge of specific NHS policies/procedure for example Payment by Results, Coding, Patient Choice, Foundation Trusts.
• Good working knowledge of and proven interest in the NHS including understanding of key targets and the performance management framework.
• Up to date, in depth knowledge of Financial and Management Accounting procedures including International Financial reporting Standards (IFRS).
• Familiarity with relevant changes in clinical practice and the consequent impact on resource utilisation.

Skills

Essential

• Excellent written communication skills including the ability to summarise highly complex financial issues into concise financial reports and prepare complex, multi-faceted business cases.
• Good verbal communication and presentation skills including the ability to explain highly complex financial issues clearly and persuasively to non-financial staff and communicate sensitive or contentious information in order to influence decision making.
• Awareness of organisational politics in order to keep healthcare professionals on board with key changes and resource management.
• Flexibility to work autonomously with the skills to make decisions independently and delegate effectively.
• Proven ability to use own initiative, prioritise work to meet tight deadlines delegate appropriately and apply problem solving skills effectively.
• Good understanding of operational issues and how organisational pressures affect broader resource utilisation.
• Strong analytical skills including the ability to make sound judgements and decisions on highly complex issues to minimise financial risk in situations where there is a multiplicity of targets / objectives, imperfect information and no obvious precedent.
• Ability to make judgements on financial risks where expert opinions may conflict is required.
• Ability to remain calm and perform consistently in stressful situations.
• Confidence to advise on certain courses of action/decisions which may have far-reaching and long-term strategic consequences for the Trust.

Additional Requirements

Essential

• Comprehensive IT skills including the use of Financial Systems / General Ledgers. Experience with Microsoft Office products/other software packages including the ability to design highly complex spreadsheets, reports and databases to manipulate and analyse technical data and convert it into an accessible, user-friendly format.
• The ability to understand and behave at all times, towards patients, visitors and colleagues according to the Trust values of safe, kind, excellent.

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.
Certificate of Sponsorship

Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the .

From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. .

Additional information
Certificate of Sponsorship

Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the .

From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. .

Employer details

Employer name

Cambridge University Hospital NHS Foundation Trust
Address

Addenbrooke's Hospital - Corporate

Hills Road

Cambridge

CB2 0QQ

Employer's website