Head of Finance

Role Responsibilities

Financial Leadership and Strategy

Senior leadership role across the organisation and to the Finance team, providing a clear sense of purpose to the team. Line management of the Finance team. Provide financial insights and recommendations to enhance competitiveness and sustainability. Support key business decisions as a senior manager. Work closely with the Finance Director to develop, implement and keep under constant review the financial strategy for the organisation. Deputise for the Finance Director as appropriate. Undertakes specific leadership functions in collaboration with managers, clinicians, and back-office teams to support the financial implementation of new services, as well as changes to existing contracts. Financial Planning,

Reporting and Budget Control

Support the financial planning and annual budget setting process. Review reports, analyse projections of income and expenditure. Perform monthly variance analysis of budgets and engage with budget holders to ensure effective budget management. Oversee the sales ledgers, ensuring timely invoicing of clients and management of credit control. Oversee the supplier purchase ledger, including database management ensuring invoices are appropriately authorised before payment. Ensure that tight financial control is applied to the management of working capital and that capital expenditure is appropriately assessed prior to any financial commitment being made.

Financial and Management Accounting

Review monthly financial statements and management accounts for the business and escalate potential issues as they arise. Conduct monthly balance sheet reconciliations and review the ledger for data accuracy.

Operational Oversight

Manage day-to-day functions of the Finance team. Implement and enhance financial reporting systems and procedures. Ensure compliance with accounting standards in financial statements and Annual Reports. Support identification of cost improvement plans.

Contract and Income Optimisation

Oversee costing and modelling activities, including triangulation of activity, to optimise revenue and minimise costs in order to achieve organisational goals. Effectively track contract performance in terms of income and costs. Maximise contract income. Participate in revenue and business-building initiatives. Identify risks and financial aspects of new services and business cases. Participate in contract meetings to ensure LCW interests are maintained and financial risks identified, managed and escalated.

Compliance and Governance

Ensure compliance with accounting standards, SFIs and regulatory licenses. Act as key support during internal and external audits.

Procurement

Ensure the organisation achieves best value by leading on specific exercises relating to the procurement of goods and services. Engage and support managers by providing guidance on technical procurement matters to ensure SFIs are adhered to in order to support good governance. Support the organisation in identifying opportunities through procurement routes to deliver savings, maximise income and deliver continued improvement through the use of its resources.