The Deputy Director of Finance (Finance Management), is one of two Deputies reporting to the Director of Finance, and one of our most critical roles in ensuring the cohesive and proactive management, development and performance of the Finance Directorate as a whole, and leading on the development and delivery of effective financial management of the Trust while creating a customer and user focused business delivery unit. The postholder will work at the most senior levels within Sheffield Teaching Hospitals, working closely with executive directors and senior clinical and operational leaders, while also representing the Trust with partner organisations within the South Yorkshire and Bassetlaw ICS, regulators and other stakeholders.
Please note applications are to be submitted via the link: https://microsites.harveynash.com/sheffield/how-to-apply/
Main duties of the job
We are keen to hear from candidates who are able to evidence strong financial management/accounting skills and a strong track record of delivery and achievement. Leaders who can bring strategic skills, business acumen and political astuteness, with the ability to influence at the most senior levels, challenge and engage people, and ensure we secure the best possible value from our resources.
We welcome candidates from a range of backgrounds who bring intellect, commitment and energy and who have experience of working at a senior level in complex and customer focused environments, with considerable focus on the effective of resources.
While prior NHS experience is not pre-requisite, a natural empathy with our organisational values is essential:
Patients first: Ensure that the people we service are at the heart of all that we do
Respectful: Be kind, respectful, fair and value diversity
Ownership: Celebrate our successes, learn continuously and ensure we improve
Unity: Work in partnership with others
Deliver: Be efficient, effective and accountable for our actions
As part of the Senior Finance leadership team, contribute to the effective management and strategic development of the Finance Department thereby ensuring the provision of high quality financial services, financial management, financial planning and investment decision making.
Represent the Department within the Trust to promote good financial management in all areas and to contribute to the general management and performance of the Trust.
Represent the Department and the Trust outside the organisation to promote the interests of the Department/Trust.
Deputise for the Director of Finance and the other DDF as required, both within and beyond the Trust, including attending the following meetings:
Local/system/national Directors of Finance,
Management Board Briefing/Clinical Management Board,
Trust Executive Group
Board of Directors;
Directorate Performance Reviews
Ad hoc projects, both financial or as a member of multi-disciplinary teams, as required.
Effective recruitment and management of staff within sections for which responsible, ensuring all staff have job descriptions, PROUD appraisals, personal development plans, objectives, etc.
Ensure that Trust policies and procedures are adhered to. Ensure that corresponding Finance Department procedures are developed and adhered to and are subject to regular review and update.
Provide strategic and expert advice to the Director of Finance and Trust in relation to lead areas.
Direct the Patient Services contract income recovery activities for the Trust being responsible for:
Managing the Trust Contract Income Budgets (over £950m)
Pricing and monitoring the Trusts Healthcare Contracts
Reporting internally and externally on monthly Contract Financial performance at Trust and Directorate level, including analysis by volumes and case-mix
Managing the Trusts internal funding process for activity growth and service developments
With the Contracts Director, to lead the team that negotiates and agrees patient services contracts with the consortium of Clinical Commissioning Groups in Yorkshire & The Humber and East Midlands and with NHS England Specialised Services
Development of negotiating strategies for the annual contract round with the Commissioners. Agree appropriate contracting currencies and implement costing/pricing strategies. The overall aim being to maintain and increase baseline income and deliver the funding required for meeting service objectives.
Ensure that Trust funding bids are robust and clearly presented and that Legally Binding Contracts are appropriately worded to secure fair levels of income.
Direct the process of local price setting within the Trust, including prices for patient services contracts, private patient income and ad-hoc services to other providers.
Direct the system of patient services contract income recording (both internal and external reporting), ensuring that the Trust receives all the income that it is due and delivers against its income budgets (responsible as contract income budget-holder)
Lead on Technical Contracting Finance and Pricing policy within the Trust. In particular:
Interpreting and Implementing NHS England/NHS Improvement Guidance and acting as advisor within STH on National Payment System issues
Identification of pricing strategies
Ensure that National Payment System rules for contract exclusions are interpreted and evaluated appropriately and support services.
Ensuring education of Trust staff at all levels in Contractual and National Payment System issues
Seek to influence national policy on National Payment System development through involvement in working groups
Provide advice, guidance and training on National Payment System throughout the Trust at all levels, including regular presentations to non-finance staff.
Manage the process of development of provider-to-provider financial arrangements, working with local provider organisations to deliver a consistent approach, including negotiation and development of legally binding contracts.
FINANCIAL AND BUSINESSS PLANNING
Contribute to the management of the Trusts Business Planning process for the forthcoming Financial Year. In particular, play a lead role in the production of the Trusts detailed Financial Plan
Assess the cost consequences and associated financial risk of new and emerging NHS policy to inform in-year contingency action and future financial and business planning.
Develop and drive medium and longer term financial plans which bring together service reconfigurations, developments, NHS Plan targets, etc., with revenue plans.
Ensure the full and detailed assimilation of contracting, planning and financial information outputs into Directorate and corporate budget setting, in-year budget variations, financial reporting and financial management processes.
Through the financial and business planning processes, assist the Trust in delivering its objectives in terms of service delivery and development and risk management.
Identify and interpret new Financial guidance issued by:
Department of Health and Social Care,
NHS England/NHS Improvement
Accounting Standards Bodies
To ensure that issues and financial implications are fully analysed and understood. Produce local policy for implementation within the Trust and manage implementation of that policy.
Direct the statutory Costing Reporting activities of the Trust, being responsible for :
The process of Patient Services National Cost Collection production for submission to NHS England/NHS Improvement
The process of Education & Training Reference Cost production for submission to NHS Improvement/Health Education England
Developing the standard of Costing information within the Trust; in particular:
Developing the process of Patient Level Information and Costing within the Trust in order to improve management information on the cost of delivery of services.
Developing the process of Service Line Reporting (SLR) arrangements within the Trust in order to assess the sustainability of each specialty and sub-specialty.
Educating Trust staff at all levels on Service Line Reporting and Patient Level Information & Costing.
Ensure that costing, tariff and benchmarking data is converted into meaningful financial information and is then used appropriately in service planning and in developing management action to secure better and more efficient services (in conjunction with other indicators and benchmarking data).
Influence National policy on Service Line Reporting, Costing and wider issues associated with Healthcare Resource Group and National Payment System development.