Associate Director of Finance - Financial Accounts and Investments

Key Result Areas & Performance

sociate The Associate Director of Finance will take responsibility for all financial reporting, decision making and analysis; as well as the development of effective financial control environment and the compilation of monthly management returns and end of year accounts for statutory and/or regulatory purposes. The post holder is required to provide expert, high level strategic support in many areas, and as such will have a wide-ranging remit. It is expected that the main work areas will include: Analysing and interpreting technical financial reporting standards, new statutory legislation and technical guidance and providing advice to the Trust on the impact of these. Accountable for setting and implementing trust-wide accounting policy based on standards and legislation. Provide financial advice to colleagues across the Trust. Lead on budget setting across the trust, including considering several methods and engaging stakeholders in the process. Presenting highly complex financial and business information to a variety of stakeholder groups. Acting as financial lead for Statutory External and Internal Reporting including the production of the Statutory Annual Report and Accounts, Financial returns to NHS England/Improvement and DHSC, and monthly Finance Committee and Board Reports. Active management of the financial position of the organisation, particularly thorough the Finance Business Patterning and Productivity and Efficiency teams Medium and long-term strategic financial planning and modelling including providing technical accounting advice to support significant developments and business cases and assessing the impact of these plans Trust-wide. Ensuring Trust Standing Financial Instructions and Trust-wide financial policies and procedures are developed, implemented and maintained to minimise Trust risk. Overall responsibility for the management (including budget management) of the finance department within the portfolio of the Associate Director of Finance Develop and provide leadership to the Business Partnering function Identification, measurement and management of impact of risk, and minimising exposure to risk. Accountable for producing risk-based Trust-wide financial controls in line with best practice and ensuring compliance with these controls. The post holder is accountable for the oversight of the Counter Fraud Service Oversight of the development of databases and financial systems to be implemented within Finance, or interface with Finance systems ensuring the integrity of the Trusts computerised financial ledger system is maintained and appropriate information can be reported. Strategic Business Planning and Risk Management Implementation and delivery of a financial strategy for the Trust within the context of the Trust's strategic direction and taking account of national resources and policy. Provide leadership to the Trusts Improving Use of Resources programme Development and maintenance of systems to identify forward-looking financial risks to the organisation, and to effectively quantify and communicate these risks to the CFO and board and mitigate against them.

This would include

Performing sensitivity analysis and modelling the impact of Strategic Capital Plan, Finance Lease proposals and analysis of off/on balance leases and Changes in assumptions and financial risks and appraising various different finance options including the impact of IFRS. Completion of the 15-year NHSI plan, using highly complex analytic and modelling techniques which are adequately risk assessed, looking at the financial position, including capital, cash flow, balance sheet, the Trusts financial KPIs and risk ratings under NHS Improvements SOF framework. Providing Strategic Financial Modelling and development of significant capital financial business cases across the organisation as well as managing the transitions when bringing on significant projects or mergers. Performance management of External Contracts with various suppliers Negotiation of Working Capital Facility Terms and banking relationships and monitoring of these ensuring compliance with Strategic Plans of the Trust and reducing Trust Risk Exposure. Makes judgements regarding allocation of resources and is able to persuasively articulate the point of view to the wider organisation Policy Development and Implementation Development, implementation and maintenance of efficient and effective policies and procedures within Finance and Trust-wide to ensure accurate and reliable information and records are maintained and ensuring established Finance procedures are in place and are adhered to throughout the Trust and that Trust policies are adhered to by Finance staff. Along with other senior colleagues, acting as lead for the Finance Directorate on the development and implementation of local and/or national projects as may be required, and develop policies and procedures ensuring that they comply with relevant financial guidance and legal requirements, and having regard to the Trusts financial interests. Put in place processes to ensure compliance with financial content of policies. Ensuring that the Trusts Standing Financial Procedures are developed and maintained to minimise financial risk to the Trust and ensure that standing orders and standing financial instructions are complied with in the Trust. Payroll and Pensions Overall responsibly for these areas and will ensure that high standards of accuracy, efficiency and effectiveness are maintained through review and management of senior managers, staff and reporting. Finance lead and contact with regard to outsourced Payroll Contractor and responsible for contract negotiations, compliance and key performance indicators management. Providing specialist advice and guidance and acting as Finance and Payroll lead with respect to Payroll/HR projects e.g. Pensions Auto-enrolment. Statutory External and Internal Reporting Financial lead for the production of the statutory accounts in line with Trust accounting policies and project manage the year-end accounting process. Liaise with external auditors on technical issues and ensure that information and comprehensive working papers are available as required. Interpreting and applying requirements of International Financial Reporting Standards and the Annual Reporting Manual issued by NHS Improvement together with supplementary guidance and timetables issued by the DHSC. Analysing highly complex problems and summarising clearly and persuasively to large, often senior, groups. Providing financial reports, including analysis and interpretation, for the Finance and Performance Committee and Audit and Risk Committee meetings including actual and forecast Income and Expenditure, Cash Flow, Balance Sheet performance, Capital Expenditure reports and variances, aged debtor and creditor summaries, Improving Use of Resources programme against target and Key Financial Ratios. People Management and Performance Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed. Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans. Ensure the team is compliant with all statutory, mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant. Manage team absences including sickness in line with Trust policy ensuring the appropriate return to work meetings occur, e-roster is updated and productivity is at keep to the highest possible level. Identify and fill any vacancies that arise within the team in line with the Trusts recruitment policy and process. Identify talent and support the internal talent management process in order attract and retain and succession plan for your people.