Main area: Finance
Grade: Band 8a
Contract: Permanent
Hours: Full time - 37.5 hours per week (Monday to Friday)
Job ref: 050-AC694-0924
Employer: Betsi Cadwaladr University Health Board
Employer type: NHS
Site: North Wales
Town: Wrexham / Bangor
Salary: £51,706 - £58,210 per annum
Salary period: Yearly
Closing: 03/10/2024 23:59
Interview date: 10/10/2024
Band 8a
Job overview
We are looking for an enthusiastic, motivated individual to join the Mental Health & Learning Disabilities finance team as Assistant Chief Finance Officer. You will work closely with our clinical and operational teams, helping to ensure our services maximise their value for money.
This is a Pan North Wales Service so remote / hybrid working is available with the option to be office based in either Wrexham or Bangor.
The successful post holder must be a qualified member of CCAB/CIMA and have relevant post qualification experience.
The role requires someone with excellent analytical, communication and interpersonal skills with a strong commitment to value and patient care.
This is a great opportunity for those looking at furthering their finance career, as well as gaining a wider understanding and experience of the management of NHS services.
If you believe you have the skills, enthusiasm and ambition to join our team, we would love to hear from you.
The ability to speak Welsh is desirable; Welsh and/or English speakers are equally welcome to apply.
Main duties of the job
This post covers a specific Delegated Management Budget (Area, Hospital or Division with a combined total budget of at least £100 million). Hence this role requires a qualified accountant with significant post qualification experience in order to deliver the role.
The main focus of this role is on ensuring the financial sustainability of the relevant Division supporting and driving the identification, management and delivery of Savings plans.
The post holder is a senior finance professional within BCU Health Board and is expected to contribute significantly to the financial sustainability, financial management and budget strategy of the relevant Division.
Lead responsibility for the management and provision of professional financial support, advice and information to the relevant Division / Executive Department to enable them to effectively and proactively manage their respective budgets and finances to ensure the achievement of financial targets and the HB’s statutory financial duties.
Ensure that the Division’s financial activities and systems are in line with corporate policies and procedures and meet the highest standards of stewardship and probity to comply with corporate governance requirements.
Working for our organisation
If you relish a challenge, have a passion to help others or simply fancy a fresh start, then Betsi Cadwaladr University Health Board (BCUHB) North Wales has all the right ingredients. The largest health organisation in Wales, providing a full range of primary, community, mental health, acute and elective hospital services for a population of around 700,000 across North Wales. Join our team and get the support you need, in line with our Organisational Values and ‘Proud to Lead’ competence framework.
Enjoy being part of working with engaged leadership at all levels, and be assured we are committed to promoting equality and diversity, and are proud to welcome applicants under the “Disability Confident Employer” scheme.
Please check your email account regularly. Successful applicants will receive all recruitment related correspondence via the email account registered on the application form.
Applications may be submitted in Welsh. Applications submitted in Welsh will not be treated less favourably than an application submitted in English.
Detailed job description and main responsibilities
Manage the provision of professional financial advice, support and information for the activities of the Division, which is in line with the HB’s strategy. To develop detailed financial projections, option appraisals and forward plans to enable potential issues to be anticipated and resolved, in order to achieve the Division’s financial targets and the HB’s statutory financial duties.
· Communicate and interpret complex, sophisticated, technical and often contentious financial and non-financial information in an easily understood manner with the Divisional Directors and Senior Management Team Clinical Manager and Directors, Divisional Managers, and other managers with regard to resource assumptions, efficient use of resources and opportunities for cost reduction, through a process of negotiation, influence and persuasion.
· Develop and implement a programme of Cost Reduction schemes to ensure the achievement of Division and Corporate financial targets, contributing effectively to the planning and implementation of the HB’s Operational Plan.
· Develop and extensively monitor budget performance of all divisions and departments across the relevant Division / Area.
· Prepare and present monthly financial performance reports to Division / Area Management Team, Clinical Directors and Finance Director, identifying key risks, pressures and opportunities, as well as financial forecasts and actions required to ensure financial viability is maintained.
· Provide advice on break-even and budget plans for Division / Area ensuring that information and advice is given to enable services to be run efficiently and effectively, facilitating the optimum application of financial resources to the provision of high quality health care.
· To support delegated budget holders within the Division / Area by providing financial training in a manner that is easily understood by non-finance professionals, to enhance financial awareness and understanding.
· Prepare regular reports on the current and forecast financial position and performance of the Division / Area for:
a) External Stakeholders (WAG Monitoring Returns)
b) Health Board independent members
c) Board of Directors and Executive Management Team
Person specification
Qualifications
- Qualified member of CCAB institute
- Evidence of CPD
- Advanced ECDL qualified
Experience
- Experience of senior finance position in large finance organisation
- Wide range of experience in the finance function, particularly within the areas of Management Accounting, Cases, conducting service reviews Sustainability and Reporting
- In-depth knowledge of financial and accounting procedures and financial aspects of NHS Legislation and policy
- Extensive experience of data manipulation, investigation and analysis
- Track record of dealing with highly complicated situations and the delivery of challenging corporate objectives
- Experience of working within a highly complex and sensitive organisation
- Evidence of successfully influencing senior clinicians and other professionals and working with a multi-disciplinary team.
- Experience of Managing Staff.
- Experience of working in the NHS at a senior level
- Experience of preparing Business Cases, conducting service reviews and benchmarking in a large organisation
Skills
- Ability to analyse and communicate highly complex information effectively at all levels within the organisation and also to external bodies
- Excellent and highly developed analytical, interpretational and comparative skills capable of dealing with complex and sensitive information
- Ability to communicate effectively in writing, through numeric and statistical presentation, and verbally
- Excellent IT skills and knowledge, including advanced spreadsheet and database designing skills
- Demonstrable ability to work on multiple complex tasks simultaneously and produce high quality work within tight deadlines and within resource constraints
- Ability to manage and develop staff
- Ability to communicate effectively in Welsh + English
- Flexible and open approach to the service
- Demonstrable project management skills including work planning, organisation and prioritisation
Knowledge
- Expert knowledge and understanding of financial management systems and performance analysis tools
- Detailed knowledge of a wide range of areas in the finance function
- Professional knowledge and understanding of accounting and governance policies and procedures
- Knowledge and understanding of Financial Costing Systems
- Knowledge and understanding of the PBr system and framework
Personal Qualities
- Professional with a high degree of personal awareness and effectiveness
- Receptive to new ideas and working approaches.
- Able to create effective working relationships across multi-disciplinary teams and communicate financial information to non-finance staff.
- Committed to culture of continuous improvement and professional development
Other Relevant Requirements
- Ability to travel between sites in a timely manner
Employer certification / accreditation badges
You must have appropriate UK professional registration.
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