Job vacancy: Band 8C Associate Director of Commercial Finance, Royal Free London NHS Foundation Trust, Hampstead

Job summary

Main area: Finance
Grade: NHS AfC: Band 8c
Contract: Permanent
Hours: Full time - 37.5 hours per week
Job ref: 391-RFL-6199876

Employer: Royal Free London NHS Foundation Trust
Employer type: NHS
Site: Royal Free Hospital
Town: Hampstead
Salary: £78,163 - £88,884 Per annum inclusive of HCAS
Salary period: Yearly
Closing: 12/05/2024 23:59
Interview date: 20/05/2024

Band 8C Associate Director of Commercial Finance

NHS AfC: Band 8c

Our trust has around 10,000 staff serving 1.6 million patients. It comprises Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital and more than 30 services in the community. This larger scale organisation provides an unprecedented opportunity for us to continue our pioneering work, particularly in finding ways to deliver even better care to our patients.

Our mission is to deliver world class care and expertise in our clinical services, underpinned by world class teaching and research and we will continue to measure our progress against our five governing objectives: excellent outcomes, excellent patient and staff experience, excellent value for taxpayers’ money, being safe and meeting our external duties, and building a strong organisation.

Everyone is welcome at Royal Free London NHS Foundation Trust. We're proud of our diversity and we continue to undertake new initiatives to advance equality for LGBT+, BME, gender equality, staff carers and people with disabilities and lived experiences to promote good relations and understanding between our staff.

Click here to view our video Welcome to the Royal Free

Click on the logo below to see the video of the Royal Free London NHS Foundation Trust values

Detailed job description and main responsibilities

Please see the job description and person specification for a detailed explanation of working for the PPU and role requirements.

Person specification

Skills and knowledge

Essential criteria

Strong grip of commercial financial practices incl. managing a profitable P&L statement according to IFRS principles.
Leadership qualities and influencing skills: o Ability to understand complex problems. o Ability to work in a professional and positive manner and meet challenging deadlines. o Able to challenge effectively while maintaining cordial relationships. o Pro-active, dynamic and flexible. o Ability to work autonomously. o Demonstrating initiative to work as an individual and in a team to meet deadlines.
Ability to operate as part of a senior leadership board, proactively identifying ways to improve delivery and work with others to initiate change.
Strong analytical skills with the ability to solve highly complex financial problems.
Excellent verbal and written communication skills
The ability to manage own time and prioritise delivering to tight deadlines, managing the demands of senior stakeholders simultaneously.
Expert ability in use of IT software (Excel, PowerPoint, Microsoft Word, etc.) to prepare and present accurate, clear information and to identify what can be produced from other financial systems
Strong organisational skills and ability to prioritise.
Flexible and able to manage workload to ensure delivery of both regular commitments and the support of others’ (PPU and RFL Group) important initiatives.
Expert ability to provide advice and support for all financial and accounting queries.
Able to influence others and be able to present a coherent case in support of a desired strategic outcome or plan persuasively.
Ability to challenge assumptions, and articulate alternative interpretations, scenarios and strategies tactfully and persuasively.
Manage workload to achieve results and meet deadlines, understanding what motivates people to perform and be able to gain the respect and support of other staff and leaders.
Ability and credibility to represent the Trust at offsite meetings, including international arenas.

Royal Free World Class Values

Essential criteria

Demonstrable ability to meet the Trust Values

Qualifications

Essential criteria

Professional qualification in accountancy (CIMA, ACA, CIPFA, ACCA).
Experience of working in a senior finance role, advising Executive Directors and other senior management.
Expert knowledge gained through further postqualification specialist training or experience. Evidence of maintaining and developing technical accounting expertise and of staying up to date with current accounting rules since qualification.

Desirable criteria

MBA from a reputable business school

Experience

Essential criteria

Experience of business partnering, supporting senior managers and/ or directors in service developments.
Demonstrable evidence of leading sound financial management processes for billing, treasury and credit control with minimal debt provision
Experience of using complex financial models for assessing risk and informing decision-making.
Experience in making or advising on complex decisions involving financial risk.
Demonstrable positive negotiation outcomes involving large and often imbalanced negotiation partners
Experience of leading on large business cases or developments and assisting internal customers in understanding the assumptions and risks inherent in those business cases.
Experience of having worked with large, complicated sources of information, drawing inferences and developing strategy on the basis of the analysis.
Experience presenting complex financial information to non-financial managers and directors.
Evidence of having worked for a large commercial organisation responsible for complicated negotiation, billing and credit control arrangements.
Understand the concepts underpinning the development of a commercial strategy and the elements which can be manipulated to gain competitive advantage.
Strategic financial planning and problem-solving; taking responsibility for policy and service development as well as financial reporting.

Desirable criteria

NHS and/or PPU financial management experience.
Evidenced relationship management of embassies and/or Private Medical Insurers.

Covid-19 Vaccination

Getting vaccinated, and getting a booster, remains the best defence against COVID-19.
We encourage and support staff to get COVID-19 vaccine and a booster dose as and when they are eligible.
AT* - Apprenticeship Training. Where AT* is entered next to the job title indicates that this vacancy is for an apprenticeship role.
By applying for this role, you accept if successful, that your personal data may be transferred from the Trust to another NHS organisation where your employment transfers within the NHS. This is in accordance with the streamlining programme which aims at saving you time and improving efficiencies within the NHS when your employment transfers. Therefore we require you to complete your stat and Man e-learning modules prior to joining our organisation.
If you are an EU/EEA citizen who does not have EU Settlement or Pre-Settled status, you will require a visa to work in the UK.
Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. Before submitting your application and to avoid disappointment please check that you are eligible under the UKVI points based system.
If you are offered a role with one of the NLPSS partner trusts, as part of pre-employment checks your identity and right to work documentation will be verified remotely (in most circumstances), using a certified identity verification service provider TrustID. You will be asked to capture an image of the relevant documents as well as a “selfie” using your smartphone/tablet (if available) for facial matching. TrustID will also perform a digital address check using Trunarrative and Equifax, which is a soft check and does not leave a footprint on your credit rating. For more information, visit www.trustid.co.uk
The Trust uses electronic new starter forms on Trac to collect personal details. Information collected is securely stored and used to set up the employee record on the ESR HR system.
The Trust will request a DBS (CRB) if post involves regulated activities. The Trust is compliant with the Disclosure and Barring Service Codes of practice and the Rehabilitation of offenders act.
By applying for this post you are agreeing to Royal Free London NHS Foundation Trust transferring the information contained in this application to its preferred applicant management system. If you are offered a job, information will also be transferred into the national NHS Electronic Staff Records system.
Please be aware of scams – unless specified above, we will only communicate with you via @recruit.trac.jobs or nhs.net e-mails and we will never ask you for any payments.

Applications are welcome from people wishing to job share or work flexible patterns. We are committed to equal opportunities.

Please note:

Due to the high number of applications that are received for some posts we may close this vacancy before the advertised closing date. Therefore please apply for this post as soon as you can, if you are interested and you meet the requirements of the Person Specification
Only those candidates who clearly demonstrate how they meet the person specification will be shortlisted for this job.
Interview arrangements will be communicated via email so please check your email regularly following the closing date.

Please be advised that due to exceptionally high demand, all Royal Free accommodation is at full capacity and waiting lists are being held. Average waiting times are 12 months. Please do not rely on Trust accommodation when you commence your role and ensure you investigate alternative accommodation for your arrival.