Chief Finance Officer

Posted 2 days 20 hours ago by NHS

Permanent
Not Specified
Other
Kent, Ashford, United Kingdom, TN231
Job Description
We are seeking a values-led chartered accountant and experienced finance leader with excellent strategic knowledge, combined with an ability to balance the operational demands of a medium sized enterprise. A confident communicator, you will be adept at building strong relationships with internal and external stakeholders at all levels, including contributing effectively to a unitary Board environment. Prior experience of working directly with the NHS is a must, although we will also consider candidates who have done so in either a non-executive or advisory capacity and so we are open to candidates from a range of backgrounds.

We are encouraging both experienced Finance Directors who are keen to join an innovative social enterprise, as well as emerging leaders looking to step into your first executive director role. Whatever your background, you will share our passion for providing exceptional patient care and be excited about the opportunity to drive improvement in a complex and highly rewarding setting.

Main duties of the job As a member of the companies Executive Board, the post is responsible to ensure the effective financial management and governance of the IC24 Group.

This role's purpose is to:
  • Develop a group-wide financial strategy and a culture of strong financial management.
  • Maintain strong financial systems and processes to ensure the quality and reliability of financial data.
  • Ensure effective financial reporting for the IC24 Group.
  • Lead the annual financial planning cycle of the organisation to enable a realistic and balanced budget.
  • Manage relationships with financial regulators and Auditors.
  • Coordinate the financial structures of group companies and their integration into the parent.
  • Oversee the operation of Company Secretary and corporate governance functions as well as the organisation's procurement function.
About us We are Integrated Care 24 (IC24), the leading not-for-profit Social Enterprise providing innovative and patient-focused primary care services. IC24 is committed to improving access to health and social care for our patients and reducing the demand on secondary care services. IC24 provides services to over 6 million patients, including GP-led out-of-hours services, NHS 111, primary care, and secondary care support services.

We are an independent, employee-owned social enterprise with the values of Innovation, Care, Excellence, and Respect at our heart. Any surplus we make is reinvested to support improved patient experience. We were the first social enterprise in the UK to be awarded the prestigious Gold Mark status, which recognises excellence in a range of areas, such as governance and transparency. We are one of only five social enterprises in the UK to hold this award.

This is an exciting time for us. While the commissioning landscape will remain challenging for all organisations over the coming years, we continue to expand our 111 service and are investing in CLEO Systems, our commercial healthcare ICT subsidiary, with the aim of improving the effectiveness of the whole of the UK primary, secondary, urgent, and emergency care sector. We have also invested in a growing number of GP primary care practices which are joining us with a view to using the benefits of scale and innovation to drive improvement for patients.

Job responsibilities JOB PURPOSE

As a member of the companies Executive Board, the post is responsible to ensure the effective financial management and governance of the IC24 Group.

This role's purpose is to:
  • Develop a group-wide financial strategy and a culture of strong financial management.
  • Maintain strong financial systems and processes to ensure the quality and reliability of financial data.
  • Ensure effective financial reporting for the IC24 Group.
  • Lead the annual financial planning cycle of the organisation to enable a realistic and balanced budget.
  • Manage relationships with financial regulators and Auditors.
  • Coordinate the financial structures of group companies and their integration into the parent.
  • Oversee the operation of Company Secretary and corporate governance functions as well as the organisation's procurement function.
KEY RESPONSIBILITIES AND ACCOUNTABILITIES Strategic Management
  • Play a full role in maintaining a unitary Board approach to the management of the company.
  • As a member of the IC24 Board, provide commercial, financial and governance leadership at a strategic level.
  • Participate within the Executive Team in forward planning and the effective daily organisation and delivery of all our activities both financial and operational.
  • Responsible for the group's financial planning and budgeting including production of long-term forecasts to inform the strategic direction of the organisation.
  • Promote a strong governance culture of continuous improvement in Board processes.
  • Ensure suitable systems, processes and policies are in place to ensure effective control of assets and provision of accurate financial information.
  • Deliver the effective financial management required to control all capital and revenue budgets, including the monitoring of cash.
  • Ensure true and fair timely financial reporting with a suitable level of detail and analysis to enable effective decision making.
  • Lead on the financial aspects of any strategic projects aimed at achieving growth.
  • Have an overview of the activities and budgets for each department and their alignment with the annual plan.
  • Ensure the procedures laid down in the organisation's financial regulations are adhered to.
  • Monitor and control the quality and cost-effectiveness of services provided by the organization to ensure high standards and value for money.
  • Oversee all tax and audit interactions including the delivery of accurate annual accounts.
Contracts and Tendering
  • Lead on the financial aspects of all large tender responses and contracts.
  • Ensure that new and existing contracts for NHS Services are financially viable and fit with the IC24 financial strategy.
  • Advise and assure the Exec Team and Board on the financial aspects of all supply chain contracts.
  • Ensure compliance with procedures and policies for procurement within IC24.
  • Provide strong procurement support to enable effective efficient purchasing including the negotiation of preferred supplier terms for agency workers in conjunction with the COO.
Governance
  • Carry out the function of Company Secretary.
  • Ensure the company is compliant with all Companies House and other regulatory requirements (e.g. Modern Day Slavery).
  • Review and improve governance processes to enable good governance that meets suitable recognized standards (e.g. charity standards).
  • Manage the end of year company returns and ensure the annual general meeting is fully compliant with company law.
  • Ensure suitable processes and systems exist to allow reporting of conflicts of interest.
People Management & Leadership
  • Develop a finance team that is outward facing and partners with the organisation's operational management teams delivering strong financial and business advice.
  • Lead the finance team and establish a high performing team environment for colleagues to work together to deliver the department's annual plan.
  • Work with colleagues within the department and the wider organisation to develop their knowledge and financial understanding and skills to benefit the organisation and the individual.
Delivery of
  • High quality financial information and advice to Managers to support decision making.
  • Strategic financial information and advice to the Board.
  • Ensure the organisation is compliant with internal and external financial policies and procedures.
  • Deliver an efficient and effective Payroll Service for the organisation.
Other Duties
  • Carry out any function of a Board member as is required to enable the company to deliver safe, effective and efficient patient focused services.
  • Any other functions as required from time to time as delegated by the Chief Executive Officer.
COMMUNICATION AND KEY WORKING RELATIONSHIPS The post holder must be a highly skilled communicator with the ability to engage and build relationships internally and externally. They should be able to demonstrate excellent communication and interpersonal skills building and maintain good working relationships with stakeholders including the following:
  • IC24 Board and Executive Team
  • Finance Team
  • Operational and Clinical management and other Central Service teams
  • Commissioners
  • Other health providers (including voluntary sector providers and social services)
  • Regulators (NHSi, HMRC)
  • Auditors (internal and external)
  • Other stakeholders e.g. suppliers
  • Patient participation groups
Person Specification Qualifications Knowledge Skills and Abilities
  • Knowledge of local and national NHS issues or proven ability to learn about these detailed and complex issues.
  • Hands on and proven track record of operating in a fast-moving environment.
  • Strong communicator and able to adjust style.
  • The ability to partner with colleagues internally and externally and build relationships.
  • Confidence in presenting financial results and strategy to internal and external stakeholders.
  • Rational and analytical ability to challenge and develop strategy.
  • The ability to motivate and inspire others.
  • The ability to navigate the public and political arena of health click apply for full job details