Job summary
This is a fantastic opportunity to lead the development and implementation of the Trust's strategic capital finance programme whilst also having management responsibility for the Capital Projects and Asset team.
The Trust typically spends circa £100M per annum on capital projects. This role is responsible for ensuring that the Trust's capital plan is achievable through alignment with the Directorates capital needs, financial funding available and the capital resource limit.
The Capital Projects and Asset team oversee all fixed asset accounting at the Trust (c.£2Bn) and management reporting of capital projects.
Main duties of the job
Capital Finance Strategy
To lead the capital planning process across the Trust
-To analyse highly complicated capital information to advise the Trust on the capital finance strategy
To lead with the SEL ICS on annual capital spend requirements and forecast
To be the lead expert on the NHS capital funding regime including what falls within DHSC's CDEL (capital departmental expenditure limit)
To lead on the development, implementation and delivery of a transparent process for capital planning
To report to the Trust's Investment Portfolio Board on the capital plan
Advise senior management on the risks within the capital plan
Management and Leadership
Responsible for the development, implementation and delivery of the operating policies of the department
The post will attend and present at the Investment Programme Board and various Finance committees, making a positive contribution to debates on capital availability, Directorate priorities and future service provision.
To line manage the Senior Finance Manager for Capital Projects and Assets, co-ordinate the workload and set the objectives and priorities
To deputise for the Associate Director of Finance - Chief Accountant as and when required.
About us
Guy's and St Thomas' NHS Foundation Trust comprises five of the UK's best known hospitals - Guy's, St Thomas', Evelina London Children's Hospital, Royal Brompton and Harefield - as well as community services in Lambeth and Southwark, all with a long history of high quality care, clinical excellence, research and innovation.
We are among the UK's busiest, most successful foundation trusts. We provide specialist care for patients including heart and lung, cancer and renal services as well as a full range of local hospital and community services for people in Lambeth and Southwark.
We have around 22,700 staff, making us one of the largest NHS Trusts in the country and one of the biggest employers locally. We aim to reflect the diversity of the communities we serve and continue to develop new and existing partnerships with local people, patients, neighbouring NHS organisations, local authorities and charitable bodies and GPs.
We strive to recruit and retain the best staff as the dedication and skills of our employees lie at the heart of our organisation and ensure that our services are of the highest quality, safe and focused on our patients.
Job description
Job responsibilities
1. Key Relationships
A list of staff the post holder will have regular contact with
Internal
Trust employees at all levels across all professions
Executive Directors
Workforce staff
Managers and budget holders throughout the Trust
Finance Staff at all levels of the organisation
Internal Audit
External
Staff at other NHS bodies
South East London Integrated Care System (SEL ICS)
South East London Acute Provider Collaborative (SEL APC)
NHS England / NHS Improvement
Department of Health and Social Care
External Consultants
GSTT Charity
Finance staff at the Medical School
External Auditors
Capital Finance Strategy
To lead the capital planning process across the Trust, liaising closely with senior staff including Directors in Essentia, DT&I and Medical Equipment
To analyse highly complicated information relating to capital ambitions across the Trust and capital affordability to advise the Trust on the capital finance strategy
To lead on the negotiation of the annual capital spend requirements and forecast with the SEL ICS
To be the lead expert on the NHS capital funding regime including determining what falls within DHSCs CDEL (capital departmental expenditure limit) and the financial impact of revenue entries arising from capital projects
To lead on the development, implementation and delivery of a transparent process by which the Trusts capital planning takes place, including:
o coordination with the Trusts revenue business planning process
o the prioritization exercise of schemes across the capital portfolio
o the comprehensive capture of capital projects that are in all various stages of the capital pipeline, and capital projects that may fall outside of the traditional capital pots
To report to the Investment Portfolio Board on the capital plan, including the in-year and five-year plan and forecast
Advise senior management on the risks within the capital plan including mapping future scenarios and mitigating actions required
To constantly review and update the capital finance strategy to deliver improved accuracy and insight.
To coordinate the collation of the capital budget across the various internal stakeholder areas, including the Masterplan, Financial Planning and Essentia.
Responsible for ensuring that the capital planning process correctly identifies the different sources of project funding: CDEL, Public Dividend Capital, Charity and externally funded strategic projects.
To lead on the reporting of capital spend consistently across the Trust. To develop reporting so that expenditure on capital schemes is generated by the Finance department and communicated to project managers.
Ensure there is appropriate functionality to enable the management of major capital projects.
Management and Leadership
The Head of Strategic Finance will be responsible for the development, implementation and delivery of the operating policies of the department
The post will attend and present at the Investment Programme Board and various Finance committees, making a positive contribution to debates on capital availability, Directorate priorities and future service provision.
To line manage the Senior Finance Manager for Capital Projects and Assets, co-ordinate the workload and set the objectives and priorities
To deputise for the Associate Director of Finance Chief Accountant as and when required.
Job description
Job responsibilities
1. Key Relationships
A list of staff the post holder will have regular contact with
Internal
Trust employees at all levels across all professions
Executive Directors
Workforce staff
Managers and budget holders throughout the Trust
Finance Staff at all levels of the organisation
Internal Audit
External
Staff at other NHS bodies
South East London Integrated Care System (SEL ICS)
South East London Acute Provider Collaborative (SEL APC)
NHS England / NHS Improvement
Department of Health and Social Care
External Consultants
GSTT Charity
Finance staff at the Medical School
External Auditors
Capital Finance Strategy
To lead the capital planning process across the Trust, liaising closely with senior staff including Directors in Essentia, DT&I and Medical Equipment
To analyse highly complicated information relating to capital ambitions across the Trust and capital affordability to advise the Trust on the capital finance strategy
To lead on the negotiation of the annual capital spend requirements and forecast with the SEL ICS
To be the lead expert on the NHS capital funding regime including determining what falls within DHSCs CDEL (capital departmental expenditure limit) and the financial impact of revenue entries arising from capital projects
To lead on the development, implementation and delivery of a transparent process by which the Trusts capital planning takes place, including:
o coordination with the Trusts revenue business planning process
o the prioritization exercise of schemes across the capital portfolio
o the comprehensive capture of capital projects that are in all various stages of the capital pipeline, and capital projects that may fall outside of the traditional capital pots
To report to the Investment Portfolio Board on the capital plan, including the in-year and five-year plan and forecast
Advise senior management on the risks within the capital plan including mapping future scenarios and mitigating actions required
To constantly review and update the capital finance strategy to deliver improved accuracy and insight.
To coordinate the collation of the capital budget across the various internal stakeholder areas, including the Masterplan, Financial Planning and Essentia.
Responsible for ensuring that the capital planning process correctly identifies the different sources of project funding: CDEL, Public Dividend Capital, Charity and externally funded strategic projects.
To lead on the reporting of capital spend consistently across the Trust. To develop reporting so that expenditure on capital schemes is generated by the Finance department and communicated to project managers.
Ensure there is appropriate functionality to enable the management of major capital projects.
Management and Leadership
The Head of Strategic Finance will be responsible for the development, implementation and delivery of the operating policies of the department
The post will attend and present at the Investment Programme Board and various Finance committees, making a positive contribution to debates on capital availability, Directorate priorities and future service provision.
To line manage the Senior Finance Manager for Capital Projects and Assets, co-ordinate the workload and set the objectives and priorities
To deputise for the Associate Director of Finance Chief Accountant as and when required.
Person Specification
Qualifications / Experience
Essential
- Professional Accountancy Qualifications or equivalent with up-to-date Continuing Professional Development
- further specialist training such as a Masters' in Business Administration or equivalent experience
- Prince 2 Practitioner
Experience
Essential
- Expert knowledge of capital accounting procedures, financial and other aspects of legislation and NHS finance policies including leading capital planning for a large organization and leading capital negotiations with Integrated Care Boards.
- A demonstrable successful record in staff leadership roles at senior level working with senior clinical and non clinical leaders across the NHS
- An in depth knowledge of NHS Accounting, reporting issues and the required application in a large complex NHS Foundation Trust
- Experience of interpreting all relevant financial legislation, making recommendations and implementing changes across a large complex financial organisation
- Demonstrable experience of managing capital budgeting and financial modelling.
Desirable
- Experience in a similar role in a large complex Foundation NHS Trust
- Practical experience of Oracle ERP Cloud
Skills
Essential
- Excellent communication skills both orally and in writing. Able to present highly complex financial information to non finance staff including directors.
- Highly developed analytical skills - able to review complex processes and recommend appropriate changes to improve efficiency.
Person Specification
Qualifications / Experience
Essential
- Professional Accountancy Qualifications or equivalent with up-to-date Continuing Professional Development
- further specialist training such as a Masters' in Business Administration or equivalent experience
- Prince 2 Practitioner
Experience
Essential
- Expert knowledge of capital accounting procedures, financial and other aspects of legislation and NHS finance policies including leading capital planning for a large organization and leading capital negotiations with Integrated Care Boards.
- A demonstrable successful record in staff leadership roles at senior level working with senior clinical and non clinical leaders across the NHS
- An in depth knowledge of NHS Accounting, reporting issues and the required application in a large complex NHS Foundation Trust
- Experience of interpreting all relevant financial legislation, making recommendations and implementing changes across a large complex financial organisation
- Demonstrable experience of managing capital budgeting and financial modelling.
Desirable
- Experience in a similar role in a large complex Foundation NHS Trust
- Practical experience of Oracle ERP Cloud
Skills
Essential
- Excellent communication skills both orally and in writing. Able to present highly complex financial information to non finance staff including directors.
- Highly developed analytical skills - able to review complex processes and recommend appropriate changes to improve efficiency.
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
Additional information
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
