Chief Finance Officer
Venesky-Brown’s client, a public sector organisation in Derbyshire, is currently looking to recruit a Chief Finance Officer for a 3 month contract on a rate around £850 a day (Inside IR35). This role will be a hybrid working model.
Responsibilities:
– As the strategic financial lead, the Chief Financial Officer is accountable for all matters, relating to the financial leadership and financial performance of the ICB.
– The Chief Financial Officer will also be responsible for ensuring that the ICB implements a robust financial strategy and for ensuring that system resources are effectively deployed and used to provide the best possible care for the population.
– The Chief Financial Officer along with other executive members of the ICB will have an influential executive role and shared accountability for the development and delivery of the long-term financial strategy of the ICB, ensuring this reflects and integrates the strategies of all relevant partner organisations within the ICS.
– The Chief Financial Officer will be responsible for building partnerships and collaborating with wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
– The Chief Financial Officer will provide financial leadership and influence across the ICS to ensure that opportunities to drive improvements in population outcomes which includes collaborating and providing financial leadership with key partners (across health, care and wider) to break down barriers, drive innovation and achieve agreed deliverables.
– Alongside other members of the ICB, the Chief Finance Officer will ensure that population health management, innovation, and research supports the continuous improvements in health and well-being.
– The Chief Finance Officer will influence and work collaboratively as part of a wider system to create opportunities to make sustainable long-term improvements to population health with key partners.
– This may include developing approaches which are non-traditional in nature, ambitious and wide reaching in areas which incorporate the wider determinants that have an impact on improving clinical outcomes, better life outcomes and reducing health inequalities for the population of the ICS.
– Alongside other members of the ICB the Chief Financial Officer will work to develop digitally enabled transformation (including financial outcome focused transformation) and the clinical and care elements of a sustainable People Plan for the ICS workforce.
– The Chief Financial Officer is professionally accountable to the regional finance director and may from time-to-time be formally requested to act on behalf of the organisation Improvement on key performance, monitoring, and accountability matters.
– This will include the identification of key financial risks and issues related to robust financial performance and leadership and working with relevant providers and partners to enable solutions.
– As a qualified accountant, individuals in these roles will be accountable for their own practice and conduct in the role.
– To be the lead financial executive for the system working in partnership with lead finance officers in constituent organisations.
– To be the lead executive for finance for the ICB and support the ICB in discharging its statutory duties with regards to finance.
– To be the lead executive and support the chair and the function of the ICB’s Finance & Estates committee.
– To be the lead executive and support the chair and the function of the ICB’s Audit committee.
– To work alongside system colleagues and other ICB executives to create a triangulated strategic plan for the system that takes of operational planning requirements and financial, people & estate resources.
– To support the system with its system efficiency and improvement plan.
– To lead the development and delivery of a system Medium Term Financial Plan (MTFP).
– To develop a new approach to the consideration of financial resource that aligns with the system’s objectives, principles and the notion of value.
– To be the lead officer for liaison with regional and national colleagues with regards to finance.
– To be the Data Protection Officer (DPO) for the ICB.
– The Chief Finance Officers will be responsible for influencing and contributing to the ICB plans and wider system strategies of the ICS, with the aim of driving innovation in clinical outcomes, reducing health inequalities and achieving better life outcomes across the ICS.
– This will include creating and influencing leadership relationships and wide scale system change to ensure that the ICB acts as an enabler to harness system development opportunities to improve the population health of the ICS.
– As a system leader, Chief Finance Officer will provide leadership across organisational and professional boundaries to lead and facilitate transformational change for the ICS population.
– The Chief Finance Officer will ensure that the ICB influences and seeks input from wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
– The Chief Finance Officer will support the production and delivery of a five-year ICB plan with the key aim to produce a financial and resources strategy aimed at improving clinical outcomes, better life outcomes and reducing health inequalities, working with the chief executive officer, other board members, partners across the ICS and the local community.
– This will include the interpretation and implementation of the Long Term Plan, contracting and performance standards and other national strategic priorities.
– The Chief Finance Officer will ensure that there are effective mechanisms for anticipating, identifying, and responding to key financial risks (including risk sharing arrangements) that could impact on the successful delivery of the ICB strategy.
– The Chief Finance Officer will also establish appropriate governance structures (with partners in the ICS) to deliver on the collective requirement of system financial balance and risk sharing.
– The Chief Finance Officer will also be responsible for developing the necessary financial and performance leadership and functions to ensure the delivery of the ICB financial strategy including leading and influencing the development of a diverse group of leaders to enhance the opportunities for collaboration across the ICS.
– The Chief Finance Officer will be accountable for the production and delivery of a robust supporting financial strategy that delivers effective use of system resources to deliver improvements in outcomes in population health and healthcare; tackle inequalities in outcomes, experience, and access; enhance productivity and value for money and help the and ICS partners support broader social, economic, and environmentally sustainable development.
– The Chief Finance Officer will aim to influence system leaders to ensure that there are effective mechanisms for anticipating, identifying, and responding to key contracting, performance and wider organisational risks that could impact on the successful delivery of the ICS strategy.
– This will include engaging with system leaders from across the ICS to drive research, innovation, quality improvement, patient safety and population health outcomes from a risk-based approach across the ICS footprint.
– Success in this role is dependent upon the implementation and performance of a robust financial strategy for the ICB including ensuring the effective use of system resources through strong collaborative system decision-making.
– Ensuring and influencing strategic collaboration with ICS partners, clinical and care leaders across health and care at all levels of the system, this role will develop a collective strategic financial leadership approach for the ICB and place-based use of resources, through the effective and efficient use of ICB allocations and commissioning opportunities to meet the needs of the system population.
– Offer statements to the media on portfolio related issues as appropriate and develop positive relations with local media, enhancing public education where appropriate.
– Represent both financial opinion and the local service at external groups and events as appropriate.
– Reducing health inequalities is a core objective of the ICB and the Chief Financial Officer will foster a culture in which equality, diversity, inclusion and allyship are actively promoted across the ICS.
– To drive innovative data evidenced change on behalf of the ICB and on behalf of Improvement focusing on ensuring that inequalities across the system are addressed.
– Promoting and enhancing strategic approaches to enhancing and/or further developing personalised care locally in so that the ICB achieves the best possible health and care for its communities.
– Ensuring the population needs are met through the appropriate allocation of resources in a system role, utilising close working relationships with system partners to ensure investment and performance of resources is effective in assisting to reduce health inequalities across the ICS.
– The Chief Finance Officer will work with other ICB executive colleagues and ICS partners to collectively oversee the quality of all health services including implementing a safer just culture, safer systems, and safer care.
– The Chief Finance Officer will also work with other ICS colleagues to deliver high quality health and care services.
– As a member of the ICB, the Chief Finance Officer will collectively work to address underperformance in a timely manner and promote continuous quality improvement through learning, improvement methodologies, research, and innovation.
– This will include embedding and delivery of system wide transformation and efficiency programmes, and any related recovery programmes.
– The Chief Finance Officer will take a lead role on behalf of the ICB and where required NHS England and NHS Improvement to ensure that there are appropriate and effective financial and contracting monitoring and performance arrangements in place to ensure the delivery of effective health services.
– The Chief Finance Officer will positively engage with key system leaders to collectively provide ICS leadership for the finance profession within health and care.
– Taking the role of a system leader to promote and lead data quality driven improvements which have a direct impact on the population health needs of the ICS.
– The Chief Finance Officer will support wider executive colleagues in influencing strategic change and collaborative initiatives which have a direct impact on population health outcomes including key matters such as collective financial and contracting opportunities, future workforce supply, quality and safety initiatives and system wide joint working at a strategic board level with system partners.
– The Chief Finance Officer will promote awareness and understanding of financial, value for money and commercial issues, including robust and considered challenge and ICB decision-making at all levels.
– The Chief Finance Officer will ensure that the ICB meets the required financial and governance arrangements as a statutory body.
– The Chief Finance Officer will promote continuous quality improvement through learning, improvement methodologies, research, innovation, and data driven improvement initiatives both at a strategic and operational level.
– The Chief Finance Officer will take action to ensure underperformance in any service commissioned by the ICB is addressed in a timely manner, working with the relevant providers and the Improvement regional team as required.
– The Chief Finance Officer will ensure effective systems are in place for the ICB to manage all delegated budgets to the agreed levels and anticipate and address any adverse movement from plan.
– The Chief Finance Officer will support the work of the Executive Director of Strategy & Planning (lead Officer) to lead negotiation and agreement for the range of contracts the organisation has statutory responsibility for, including secondary care contracts, mental health, community and prescribing and support the development of novel contracting mechanisms in the ICS that understand and recognise the emergence of Provider Collaboratives and Place Partnerships.
– By working with the Deputy Chief Executive (lead officer), the Chief Finance Officer will ensure the information service provided to the ICB identifies and stimulates opportunities to deliver improved quality more cost effectively and transform care delivery. Furthermore, to actively promote the use of benchmarking, national tools and datasets to drive service improvement.
– The Chief Finance Officer ensure that mandatory financial returns and reports required or any other statutory/legally empowered body are made in an accurate and timely manner.
– As Chief Financial Officer of an ICB you will be responsible for financial leadership of an statutory body, compliance with all ICB business rules and ensuring that the internal finance team is appropriately resourced to deliver all statutory functions of the ICB.
– Specifically, this involves putting in place an adequate system of financial control, strategic planning, budget setting, financial reporting, and risk management.
– The Chief Finance Officer will therefore ensure as the responsible officer that the ICB is positioned to produce its required monthly reporting, annual report, and accounts, as part of the setup of the new organisation; this is in accordance with strategic requirements to demonstrate effective stewardship of public money and accountability to tax payers in accordance with nationally determined timescales.
– The Chief Finance Officer will be charged with being the ICB’s professional expert on finance and ensure through robust systems and processes the regularity and propriety of expenditure is fully discharged.
– The Chief Finance Officer will be able to advise the ICB on the effective, efficient and economic use of its allocation to remain within that allocation and deliver required financial targets and duties.
– The Chief Finance Officer will liaise with external audit colleagues to ensure timely delivery of financial statements for audit and publication in accordance with statutory, regulatory, and professional requirements.
– The Chief Finance Officer will ensure that the ICB is supported by efficient and effective Internal Audit and Counter Fraud Services and that comprehensive annual plans are in place for both that address the relevant risks and provide the highest standards of assurance.
– The Chief Finance Officer will support the work of the Audit and Finance Committees in accordance with statutory requirements, ensuring that there are robust integrated governance arrangements in place and that the ICB operates to the highest standards of quality, probity, accountability and openness.
– The Chief Finance Officer will ensure the appropriate and effective financial control arrangements are in place for the ICB and that accepted internal and external audit recommendations are actioned in a timely manner.
– In addition, the Chief Finance Officer will lead allocations to organisation and place level for all revenue and capital.
– To be the lead officer for the ICB’s Audit Committee, ensuring the ICB is managed in accordance with robust financial controls and good governance.
– The Chief Finance Officer will support a strong culture of public accountability, probity, and governance, ensuring that appropriate and compliant structures, systems, and process are in place to minimise risk and promote the freedom to speak up.
– The Chief Finance Officer will be accountable for managing the budget across the ICB, ensuring financial balance for the organisation, good value for money for taxpayers and promoting and ensuring long term-financial health for the system.
– This will include ensuring the establishment of and compliance with standing financial instructions and standing orders and reporting arrangements for the ICB and wider partnership organisations across the system as necessary.
– Where services are commissioned across ICBs the Chief Finance Officer will oversee successful performance on the use of resources in line with the agreed system oversight framework for the ICS, ensuring appropriate escalation arrangements are in place and appropriate actions is taken as necessary.
– The Chief Finance Officer will work closely with system partners to ensure that financial and commissioning arrangements which support and promote integration and meeting the needs of the population are effective and transparent. This will include ensuring user/patient involvement in decision making relating to the use of resources and commissioning where appropriate.
– The Chief Finance Officer will lead on the identification of performance risks and issues related to financial and contracting performance and work with relevant providers and partners to enable solutions, including making recommendations for informal/formal intervention where appropriate.
– The Chief Finance Officer will have responsibility for developing the finance function, delivering the five-year finance development programme and for ensuring that work on equality, diversity and inclusion is taken forward.
– To do this the Chief Finance Officer will need to actively engage with the regional finance academy and the workstreams of the finance leadership council and be responsible for improving the diversity of senior finance leadership in the ICS.
– The Chief Finance Officer will create and promote a culture of inclusive, professional leadership. The Chief Finance Officer will be visible as a collaborative financial leader and role model, engaging health and care professionals across the whole system in the development and delivery of the ICB plan. This includes:
– Providing mentoring and support to other health and care professional leaders.
– Ensuring that health and care professional leaders are supported to perform their roles and given opportunities to develop.
– Ensuring that the talent management and development of health and care professional leaders (including finance and contracting staff) is embedded at all levels of the system.
– Providing effective leadership for staff and act as a role model across the ICB.
– Providing direct and professional management to all members of the finance directorate.
– Supporting the development of an open, supportive, “can do” culture and approach across the ICB, which challenges the status quo and delivers real improvements for patients.
– Being seen as a highly credible, knowledgeable and influential leader in the health economy and be able to influence policy development.
Essential Skills:
– Qualified accountant with full membership and evidence of up-to-date continuing professional development.
– Personal commitment to the values of the NHS Long Term Plan, the NHS People Plan, Nolan Principle and the Fit and Proper Persons regime.
– Demonstrates a compassionate leadership style with a track record of improvements to equality, diversity, and inclusion.
– Lives by the values of openness and integrity and has created cultures where this thrives.
– Demonstrates commitment to continuously improving outcomes, tackling health inequalities and delivering the best value for money for the taxpayer
– Committed to continuing professional development.
– Substantial board level leadership experience and/or system leadership experience within a regulatory or similar environment is essential
– Experience of managing highly sensitive situations with stakeholders.
– Experience of managing relationships with the media and political stakeholders
– Experience of providing financial leadership, mentorship, and professional development at a very senior level with demonstrable outcomes.
– Experience of leading highly complex and contentious transformational change at significant scale.
– Extensive knowledge of the health, care and local government landscape and an understanding of the resourcing implications related to the social determinants of public health.
– Current evidence and thinking on practices which reduce health inequality, improve patient access, safety and ensure organisations are Well Led.
– Extensive knowledge of health and care financial planning and budgeting at a board and/or system level.
– A detailed understanding of good governance and the difference between governance and management;
– Exceptional communication skills which engender community confidence, strong collaborations, and partnership.
– Strong critical thinking and strategic problem solving; the ability to contribute to a joint strategic plan and undertake problem resolution and action. Analytical rigour and numerical excellence.
– Highly sophisticated leadership and influencing skills; building compassionate cultures where individuals and teams thrive at organisation, partnership and system levels.
– Capability to understand and analyse complex issues, drawing on the breadth of data that needs to inform the ICB deliberations and decision-making, and the wisdom to ensure that it is used ethically to balance competing priorities and make difficult decisions;
– The confidence to question information and explanations supplied by others, who may be experts in their field;
– The ability to influence and persuade others articulating a balanced, not personal, view and to engage in constructive debate without being adversarial or losing respect and goodwill;
– The ability to take an objective view, seeing issues from all perspectives, especially external and user perspectives;
– The ability to recognise key influencers and the skills in engaging and involving them;
– The ability to demonstrate how your skills and abilities can actively contribute to the work of the governing body and how this will enable you to participate effectively as a team member.
Desirable Skills:
– Experience of utilising health economics experience in a relevant role/setting and/or a relevant qualification.
If you would like to hear more about this opportunity please get in touch.
Responsibilities:
– As the strategic financial lead, the Chief Financial Officer is accountable for all matters, relating to the financial leadership and financial performance of the ICB.
– The Chief Financial Officer will also be responsible for ensuring that the ICB implements a robust financial strategy and for ensuring that system resources are effectively deployed and used to provide the best possible care for the population.
– The Chief Financial Officer along with other executive members of the ICB will have an influential executive role and shared accountability for the development and delivery of the long-term financial strategy of the ICB, ensuring this reflects and integrates the strategies of all relevant partner organisations within the ICS.
– The Chief Financial Officer will be responsible for building partnerships and collaborating with wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
– The Chief Financial Officer will provide financial leadership and influence across the ICS to ensure that opportunities to drive improvements in population outcomes which includes collaborating and providing financial leadership with key partners (across health, care and wider) to break down barriers, drive innovation and achieve agreed deliverables.
– Alongside other members of the ICB, the Chief Finance Officer will ensure that population health management, innovation, and research supports the continuous improvements in health and well-being.
– The Chief Finance Officer will influence and work collaboratively as part of a wider system to create opportunities to make sustainable long-term improvements to population health with key partners.
– This may include developing approaches which are non-traditional in nature, ambitious and wide reaching in areas which incorporate the wider determinants that have an impact on improving clinical outcomes, better life outcomes and reducing health inequalities for the population of the ICS.
– Alongside other members of the ICB the Chief Financial Officer will work to develop digitally enabled transformation (including financial outcome focused transformation) and the clinical and care elements of a sustainable People Plan for the ICS workforce.
– The Chief Financial Officer is professionally accountable to the regional finance director and may from time-to-time be formally requested to act on behalf of the organisation Improvement on key performance, monitoring, and accountability matters.
– This will include the identification of key financial risks and issues related to robust financial performance and leadership and working with relevant providers and partners to enable solutions.
– As a qualified accountant, individuals in these roles will be accountable for their own practice and conduct in the role.
– To be the lead financial executive for the system working in partnership with lead finance officers in constituent organisations.
– To be the lead executive for finance for the ICB and support the ICB in discharging its statutory duties with regards to finance.
– To be the lead executive and support the chair and the function of the ICB’s Finance & Estates committee.
– To be the lead executive and support the chair and the function of the ICB’s Audit committee.
– To work alongside system colleagues and other ICB executives to create a triangulated strategic plan for the system that takes of operational planning requirements and financial, people & estate resources.
– To support the system with its system efficiency and improvement plan.
– To lead the development and delivery of a system Medium Term Financial Plan (MTFP).
– To develop a new approach to the consideration of financial resource that aligns with the system’s objectives, principles and the notion of value.
– To be the lead officer for liaison with regional and national colleagues with regards to finance.
– To be the Data Protection Officer (DPO) for the ICB.
– The Chief Finance Officers will be responsible for influencing and contributing to the ICB plans and wider system strategies of the ICS, with the aim of driving innovation in clinical outcomes, reducing health inequalities and achieving better life outcomes across the ICS.
– This will include creating and influencing leadership relationships and wide scale system change to ensure that the ICB acts as an enabler to harness system development opportunities to improve the population health of the ICS.
– As a system leader, Chief Finance Officer will provide leadership across organisational and professional boundaries to lead and facilitate transformational change for the ICS population.
– The Chief Finance Officer will ensure that the ICB influences and seeks input from wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
– The Chief Finance Officer will support the production and delivery of a five-year ICB plan with the key aim to produce a financial and resources strategy aimed at improving clinical outcomes, better life outcomes and reducing health inequalities, working with the chief executive officer, other board members, partners across the ICS and the local community.
– This will include the interpretation and implementation of the Long Term Plan, contracting and performance standards and other national strategic priorities.
– The Chief Finance Officer will ensure that there are effective mechanisms for anticipating, identifying, and responding to key financial risks (including risk sharing arrangements) that could impact on the successful delivery of the ICB strategy.
– The Chief Finance Officer will also establish appropriate governance structures (with partners in the ICS) to deliver on the collective requirement of system financial balance and risk sharing.
– The Chief Finance Officer will also be responsible for developing the necessary financial and performance leadership and functions to ensure the delivery of the ICB financial strategy including leading and influencing the development of a diverse group of leaders to enhance the opportunities for collaboration across the ICS.
– The Chief Finance Officer will be accountable for the production and delivery of a robust supporting financial strategy that delivers effective use of system resources to deliver improvements in outcomes in population health and healthcare; tackle inequalities in outcomes, experience, and access; enhance productivity and value for money and help the and ICS partners support broader social, economic, and environmentally sustainable development.
– The Chief Finance Officer will aim to influence system leaders to ensure that there are effective mechanisms for anticipating, identifying, and responding to key contracting, performance and wider organisational risks that could impact on the successful delivery of the ICS strategy.
– This will include engaging with system leaders from across the ICS to drive research, innovation, quality improvement, patient safety and population health outcomes from a risk-based approach across the ICS footprint.
– Success in this role is dependent upon the implementation and performance of a robust financial strategy for the ICB including ensuring the effective use of system resources through strong collaborative system decision-making.
– Ensuring and influencing strategic collaboration with ICS partners, clinical and care leaders across health and care at all levels of the system, this role will develop a collective strategic financial leadership approach for the ICB and place-based use of resources, through the effective and efficient use of ICB allocations and commissioning opportunities to meet the needs of the system population.
– Offer statements to the media on portfolio related issues as appropriate and develop positive relations with local media, enhancing public education where appropriate.
– Represent both financial opinion and the local service at external groups and events as appropriate.
– Reducing health inequalities is a core objective of the ICB and the Chief Financial Officer will foster a culture in which equality, diversity, inclusion and allyship are actively promoted across the ICS.
– To drive innovative data evidenced change on behalf of the ICB and on behalf of Improvement focusing on ensuring that inequalities across the system are addressed.
– Promoting and enhancing strategic approaches to enhancing and/or further developing personalised care locally in so that the ICB achieves the best possible health and care for its communities.
– Ensuring the population needs are met through the appropriate allocation of resources in a system role, utilising close working relationships with system partners to ensure investment and performance of resources is effective in assisting to reduce health inequalities across the ICS.
– The Chief Finance Officer will work with other ICB executive colleagues and ICS partners to collectively oversee the quality of all health services including implementing a safer just culture, safer systems, and safer care.
– The Chief Finance Officer will also work with other ICS colleagues to deliver high quality health and care services.
– As a member of the ICB, the Chief Finance Officer will collectively work to address underperformance in a timely manner and promote continuous quality improvement through learning, improvement methodologies, research, and innovation.
– This will include embedding and delivery of system wide transformation and efficiency programmes, and any related recovery programmes.
– The Chief Finance Officer will take a lead role on behalf of the ICB and where required NHS England and NHS Improvement to ensure that there are appropriate and effective financial and contracting monitoring and performance arrangements in place to ensure the delivery of effective health services.
– The Chief Finance Officer will positively engage with key system leaders to collectively provide ICS leadership for the finance profession within health and care.
– Taking the role of a system leader to promote and lead data quality driven improvements which have a direct impact on the population health needs of the ICS.
– The Chief Finance Officer will support wider executive colleagues in influencing strategic change and collaborative initiatives which have a direct impact on population health outcomes including key matters such as collective financial and contracting opportunities, future workforce supply, quality and safety initiatives and system wide joint working at a strategic board level with system partners.
– The Chief Finance Officer will promote awareness and understanding of financial, value for money and commercial issues, including robust and considered challenge and ICB decision-making at all levels.
– The Chief Finance Officer will ensure that the ICB meets the required financial and governance arrangements as a statutory body.
– The Chief Finance Officer will promote continuous quality improvement through learning, improvement methodologies, research, innovation, and data driven improvement initiatives both at a strategic and operational level.
– The Chief Finance Officer will take action to ensure underperformance in any service commissioned by the ICB is addressed in a timely manner, working with the relevant providers and the Improvement regional team as required.
– The Chief Finance Officer will ensure effective systems are in place for the ICB to manage all delegated budgets to the agreed levels and anticipate and address any adverse movement from plan.
– The Chief Finance Officer will support the work of the Executive Director of Strategy & Planning (lead Officer) to lead negotiation and agreement for the range of contracts the organisation has statutory responsibility for, including secondary care contracts, mental health, community and prescribing and support the development of novel contracting mechanisms in the ICS that understand and recognise the emergence of Provider Collaboratives and Place Partnerships.
– By working with the Deputy Chief Executive (lead officer), the Chief Finance Officer will ensure the information service provided to the ICB identifies and stimulates opportunities to deliver improved quality more cost effectively and transform care delivery. Furthermore, to actively promote the use of benchmarking, national tools and datasets to drive service improvement.
– The Chief Finance Officer ensure that mandatory financial returns and reports required or any other statutory/legally empowered body are made in an accurate and timely manner.
– As Chief Financial Officer of an ICB you will be responsible for financial leadership of an statutory body, compliance with all ICB business rules and ensuring that the internal finance team is appropriately resourced to deliver all statutory functions of the ICB.
– Specifically, this involves putting in place an adequate system of financial control, strategic planning, budget setting, financial reporting, and risk management.
– The Chief Finance Officer will therefore ensure as the responsible officer that the ICB is positioned to produce its required monthly reporting, annual report, and accounts, as part of the setup of the new organisation; this is in accordance with strategic requirements to demonstrate effective stewardship of public money and accountability to tax payers in accordance with nationally determined timescales.
– The Chief Finance Officer will be charged with being the ICB’s professional expert on finance and ensure through robust systems and processes the regularity and propriety of expenditure is fully discharged.
– The Chief Finance Officer will be able to advise the ICB on the effective, efficient and economic use of its allocation to remain within that allocation and deliver required financial targets and duties.
– The Chief Finance Officer will liaise with external audit colleagues to ensure timely delivery of financial statements for audit and publication in accordance with statutory, regulatory, and professional requirements.
– The Chief Finance Officer will ensure that the ICB is supported by efficient and effective Internal Audit and Counter Fraud Services and that comprehensive annual plans are in place for both that address the relevant risks and provide the highest standards of assurance.
– The Chief Finance Officer will support the work of the Audit and Finance Committees in accordance with statutory requirements, ensuring that there are robust integrated governance arrangements in place and that the ICB operates to the highest standards of quality, probity, accountability and openness.
– The Chief Finance Officer will ensure the appropriate and effective financial control arrangements are in place for the ICB and that accepted internal and external audit recommendations are actioned in a timely manner.
– In addition, the Chief Finance Officer will lead allocations to organisation and place level for all revenue and capital.
– To be the lead officer for the ICB’s Audit Committee, ensuring the ICB is managed in accordance with robust financial controls and good governance.
– The Chief Finance Officer will support a strong culture of public accountability, probity, and governance, ensuring that appropriate and compliant structures, systems, and process are in place to minimise risk and promote the freedom to speak up.
– The Chief Finance Officer will be accountable for managing the budget across the ICB, ensuring financial balance for the organisation, good value for money for taxpayers and promoting and ensuring long term-financial health for the system.
– This will include ensuring the establishment of and compliance with standing financial instructions and standing orders and reporting arrangements for the ICB and wider partnership organisations across the system as necessary.
– Where services are commissioned across ICBs the Chief Finance Officer will oversee successful performance on the use of resources in line with the agreed system oversight framework for the ICS, ensuring appropriate escalation arrangements are in place and appropriate actions is taken as necessary.
– The Chief Finance Officer will work closely with system partners to ensure that financial and commissioning arrangements which support and promote integration and meeting the needs of the population are effective and transparent. This will include ensuring user/patient involvement in decision making relating to the use of resources and commissioning where appropriate.
– The Chief Finance Officer will lead on the identification of performance risks and issues related to financial and contracting performance and work with relevant providers and partners to enable solutions, including making recommendations for informal/formal intervention where appropriate.
– The Chief Finance Officer will have responsibility for developing the finance function, delivering the five-year finance development programme and for ensuring that work on equality, diversity and inclusion is taken forward.
– To do this the Chief Finance Officer will need to actively engage with the regional finance academy and the workstreams of the finance leadership council and be responsible for improving the diversity of senior finance leadership in the ICS.
– The Chief Finance Officer will create and promote a culture of inclusive, professional leadership. The Chief Finance Officer will be visible as a collaborative financial leader and role model, engaging health and care professionals across the whole system in the development and delivery of the ICB plan. This includes:
– Providing mentoring and support to other health and care professional leaders.
– Ensuring that health and care professional leaders are supported to perform their roles and given opportunities to develop.
– Ensuring that the talent management and development of health and care professional leaders (including finance and contracting staff) is embedded at all levels of the system.
– Providing effective leadership for staff and act as a role model across the ICB.
– Providing direct and professional management to all members of the finance directorate.
– Supporting the development of an open, supportive, “can do” culture and approach across the ICB, which challenges the status quo and delivers real improvements for patients.
– Being seen as a highly credible, knowledgeable and influential leader in the health economy and be able to influence policy development.
Essential Skills:
– Qualified accountant with full membership and evidence of up-to-date continuing professional development.
– Personal commitment to the values of the NHS Long Term Plan, the NHS People Plan, Nolan Principle and the Fit and Proper Persons regime.
– Demonstrates a compassionate leadership style with a track record of improvements to equality, diversity, and inclusion.
– Lives by the values of openness and integrity and has created cultures where this thrives.
– Demonstrates commitment to continuously improving outcomes, tackling health inequalities and delivering the best value for money for the taxpayer
– Committed to continuing professional development.
– Substantial board level leadership experience and/or system leadership experience within a regulatory or similar environment is essential
– Experience of managing highly sensitive situations with stakeholders.
– Experience of managing relationships with the media and political stakeholders
– Experience of providing financial leadership, mentorship, and professional development at a very senior level with demonstrable outcomes.
– Experience of leading highly complex and contentious transformational change at significant scale.
– Extensive knowledge of the health, care and local government landscape and an understanding of the resourcing implications related to the social determinants of public health.
– Current evidence and thinking on practices which reduce health inequality, improve patient access, safety and ensure organisations are Well Led.
– Extensive knowledge of health and care financial planning and budgeting at a board and/or system level.
– A detailed understanding of good governance and the difference between governance and management;
– Exceptional communication skills which engender community confidence, strong collaborations, and partnership.
– Strong critical thinking and strategic problem solving; the ability to contribute to a joint strategic plan and undertake problem resolution and action. Analytical rigour and numerical excellence.
– Highly sophisticated leadership and influencing skills; building compassionate cultures where individuals and teams thrive at organisation, partnership and system levels.
– Capability to understand and analyse complex issues, drawing on the breadth of data that needs to inform the ICB deliberations and decision-making, and the wisdom to ensure that it is used ethically to balance competing priorities and make difficult decisions;
– The confidence to question information and explanations supplied by others, who may be experts in their field;
– The ability to influence and persuade others articulating a balanced, not personal, view and to engage in constructive debate without being adversarial or losing respect and goodwill;
– The ability to take an objective view, seeing issues from all perspectives, especially external and user perspectives;
– The ability to recognise key influencers and the skills in engaging and involving them;
– The ability to demonstrate how your skills and abilities can actively contribute to the work of the governing body and how this will enable you to participate effectively as a team member.
Desirable Skills:
– Experience of utilising health economics experience in a relevant role/setting and/or a relevant qualification.
If you would like to hear more about this opportunity please get in touch.
