Assistant Chief Finance Officer

Job overview

We are looking for an enthusiastic, motivated individual to join the Mental Health & Learning Disabilities finance team as Assistant Chief Finance Officer. You will work closely with our clinical and operational teams, helping to ensure our services maximise their value for money.

This is a Pan North Wales Service so remote / hybrid working is available with the option to be office based in either Wrexham or Bangor.

The successful post holder must be a qualified member of CCAB/CIMA and have relevant post qualification experience.

The role requires someone with excellent analytical, communication and interpersonal skills with a strong commitment to value and patient care.

This is a great opportunity for those looking at furthering their finance career, as well as gaining a wider understanding and experience of the management of NHS services.

If you believe you have the skills, enthusiasm and ambition to join our team, we would love to hear from you.

The ability to speak Welsh is desirable; Welsh and/or English speakers are equally welcome to apply.

Main duties of the job

This post covers a specific Delegated Management Budget (Area, Hospital or Division with a combined total budget of at least £100 million). Hence this role requires a qualified accountant with significant post qualification experience in order to deliver the role.

The main focus of this role is on ensuring the financial sustainability of the relevant Division supporting and driving the identification, management and delivery of Savings plans.

The post holder is a senior finance professional within BCU Health Board and is expected to contribute significantly to the financial sustainability, financial management and budget strategy of the relevant Division.

Lead responsibility for the management and provision of professional financial support, advice and information to the relevant Division / Executive Department to enable them to effectively and proactively manage their respective budgets and finances to ensure the achievement of financial targets and the HB’s statutory financial duties.

Ensure that the Division’s financial activities and systems are in line with corporate, policies and procedures and meet the highest standards of stewardship and probity to comply with corporate governance requirements.

Detailed job description and main responsibilities

Manage the provision of professional financial advice, support and information for the activities of the Division, which is in line with the HB’s strategy. To develop detailed financial projections, option appraisals and forward plans to enable potential issues to be anticipated and resolved, in order to achieve the Division’s financial targets and the HB’s statutory financial duties.

• Communicate and interpret complex, sophisticated, technical and often contentious financial and non financial information in an easily understood manner with the Divisional Directors and Senior Management Team Clinical Manager and Directors, Divisional Managers, and other managers with regard to resource assumptions, efficient use of resources and opportunities for cost reduction, through a process of negotiation, influence and persuasion.
• Develop and implement a programme of Cost Reduction schemes to ensure the achievement of Division and Corporate financial targets, contributing effectively to the planning and implementation of the HB’s Operational Plan.
• Develop and extensively monitor budget performance of all divisions and departments across the relevant Division / Area.
• Prepare and present monthly financial performance reports to Division / Area Management Team, Clinical Directors and Finance Director, identifying key risks, pressures and opportunities, as well as financial forecasts and actions required to ensure financial viability is maintained.
• Provide advice on break-even and budget plans for Division / Area ensuring that information and advice is given to enable services to be run efficiently and effectively, facilitating the optimum application of financial resources to the provision of high quality health care.
• To support delegated budget holders within the Division / Area by providing financial training in a manner that is easily understood by non-finance professionals, to enhance financial awareness and understanding.
• Prepare regular reports on the current and forecast financial position and performance of the Division / Area for:

a) External Stakeholders (WAG Monitoring Returns)

b) Health Board independent members

c) Board of Directors and Executive Management Team

You will be able to find a full Job description and Person Specification attached within the supporting documents or please click “Apply now” to view in Trac

Applicant requirements

You must have appropriate UK professional registration.

Welsh language skills are desirable