Band 9 Deputy Director of Financial Control

Band 9 Deputy Director of Financial Control

The Deputy Director of Financial Control is senior role reporting to the Director of Finance for a large and dynamic Trust. The role will be responsible for the management and development of a large transactional finance team.

The Deputy Director of Financial Control will be responsible for the production of the annual consolidated group accounts in a timely and accurate manner. The post holder will ensure that the accounts are supported by complete and accurate financial records, both for the purpose of ongoing monthly group reporting and in terms of the production of the consolidated annual financial statements.

This includes the production and consolidation of the subsidiary accounts The post holder will be a key link in day to day working with internal and external audit, local counter fraud and VAT administration services.

The post holder will lead the transactional finance teams:
Financial Systems, Financial Accounts, Accounts Payable, Accounts Receivable and Treasury. Ensuring an adequate control environment to support grip and control aligned to the standard financial instructions (SFIs).

The Royal Free London NHS Foundation Trust is one of the UK's biggest and most innovative trusts. Across three main hospitals, our dedicated army of staff care for over 1.6million patients, treat more than 200,000 in A&E, deliver over 8,000 babies and carry out more than 17million tests.

Our size, scale and influence offer you unrivalled career opportunities and a forward-thinking approach to working that works around your lifestyle. From flexible hours and generous benefits, to next level training, we make it easier to take your career to the top.

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The post holder is responsible for the development of financial policies and processes to be implemented across the Trust (including the subsidiary companies) in relation to financial accounting and financial control, this will take into account internal issues and the requirements of NHS policy either from the DH or the SHA.

The post holder is responsible for the development of financial reporting based on the data contained within the general ledger. This will take into account the requirements of NHS policy issued by the NCL ICB, NHSE, DH and or successor bodies.

The post holder will be expected to play a key role in the development of the medium-term financial strategy of the Trust.

The post holder will establish clear operational goals, policies and standards for use by others and ensure that staff across the organisation are aware of, and abide by, these policies.

The post holder will have the discretion to use their initiative and act independently, to interpret overall NHS guidance and financial standards for use by others within the Finance Department and the Trust as a whole. The post holder will ensure that through cascade of local guidance, the Trusts financial reporting is GAM and FREM compliant.

Service Development

The post holder will lead the assessment of the financial impact of NHS and other policy on Trust operations and services e.g. new/amended financial reporting standards. Where possible, they should play an active role in any national debate regarding these issues.

The post holder will lead the development of performance indicators and metrics in the financial control team.

The post holder will support the development and operation of services within the Trust through the provision of high-quality financial information.

The post holder will lead the continuous development of Standing Financial Instructions, Standing Orders and Scheme of Reservation and Delegation of the requirements and confirm their commitment to act in accordance with them.

The post holder will proactively oversee the development of the treasury policy and procedures of the trust, ensuring returns are maximised within an acceptable risk profile and that relationships are managed with external institutions.

The post holder will lead the continued improvement of cash forecasting procedures within the trust, ensuring that a robust level of liquidity is maintained.

Analytical and Judgemental Skills

Alongside the Director of Finance, the post holder will be expected to manage a multiplicity of targets, objectives and projects at any one time, ensuring that expert judgment and advice is provided to Senior Trust Management and the Trust Board.

The post holder will be expected to interpret guidance on accounting policies and practices and to advise others on this interpretation.

People Management

The post holder will be directly responsible for the management of 4 staff.

They will provide professional leadership, coaching, and technical / personal development to all finance staff (direct reports and other staff). In addition, they will work with their direct reports to plan the workload of these departments to ensure that they meet the operational and strategic needs of the…