Job summary
Do you have the skills and experience to lead our Trust's financial recovery?
We are looking for a highly experienced and motivated individual to join our team as Director of Financial Recovery. This is a critical role in our Trust's journey to financial sustainability.
The successful candidate will have a proven track record of delivering financial improvement in complex organisations. They will be responsible for developing and implementing a comprehensive financial recovery plan and leading on our financial turnaround efforts, engaging with key stakeholders such as our Board of Directors, senior management team, and clinical staff.
To be successful in this role, you will need to have:
- A strong track record of success in turning around complex financial situations
- A demonstrable record of leading and delivering programmes to improve financial sustainability
- Excellent leadership, influencing and communication skills
- The ability to work effectively under pressure
If you are highly motivated and experienced individual, with the right values and behaviours to enable us to create solutions together to deliver results, we would love to hear from you.
The interview process for this role will be held over two days on n 28th and 29th of September 2023. Shortlisted candidates will be invited to an assessment centre process on 28th September and a formal interview on 29th September.
Main duties of the job
The successful candidate will be responsible for:
- Delivering improvement and transformation in our financial sustainability and providing leadership and expert advice to the CFO, Director of Finance and senior leadership team on operational and financial performance in order to deliver against our annual and strategic objectives in quality, performance and finance
- Working alongside the Senior Finance and Executive Leadership Teams and with operational and directorate teams in the Trust to drive delivery of financial sustainability
- Building strong working relationships and engagement with system partners as appropriate (including those in provider Collaboratives, South London Partnership, the ICSs and Place based leadership teams) to enable delivery of cost improvements and productivity plans to improve financial sustainability in the Trust and support improvement in the wider systems
- Working with senior clinical and operational leaders to model and assess the financial impact and opportunities for improvements in efficiency and value arising from our programmes to manage flow and capacity in our clinical services, particularly for adults of working age, to ensure we deliver the best quality and value for our patients and the local population within the resources available
About us
South London and Maudsley NHS Foundation Trustis world renowned for its pioneering work in mental health. We serve a local population of 1.3 million people in south London and specialist services for children and adults across the UK and beyond. We employ over 6,500 staff.
We are part ofKing's Health Partners, and are the only mental health trust in the UK to have our own biomedical research centre - hosted jointly withInstitute of Psychiatry, Psychology and Neuroscience, King's College London.We are supported byMaudsley Charity.
We are focused on promoting mental health and wellbeing. We provide treatment that helps people get well and stay well, so they can achieve their full potential.
Our strategyAiming High, Changing Liveshas been built on the feedback of hundreds of staff, service users, carers and partners with the support of many community organisations. It focuses on five key ambitions:
- Deliver outstanding mental health care
- A partner in prevention
- Being a catalyst for change
- Building a culture of trust together
- Becoming effective and sustainable
Running through all of our ambitions is our deep commitment to anti-racism. In our strategy, we pledged that we will be a leader in anti-racism within mental health care by 2026.
Our Values and Behaviours Framework was created using the inputs of over 1,200 staff, service users and carers.
Together, we treat each other and our patients withkindnessandrespect.
Job description
Job responsibilities
- Lead and drive the implementation of the Trusts Cost Improvement and Productivity Programmes ensuring that they deliver desired strategic outcomes for the Trust in accordance with the Trust Strategy and deliver the annual plan
- Prompt and support appropriate performance interventions in specific services, working in conjunction with the Service Directors, medical leadership and the executive team, providing additional support and challenge where necessary
- Identify and develop in year and multi-year (between 1 and 5 years) programmes that will enable us to identify financial savings and support the delivery of improved financial sustainability
- Supporting Executive Leadership Team Members to hold each other to account for delivery of the recovery programmes
- Provide a co-ordinated perspective to the CFO, COO, DoF and Deputy COO of all current and future components of the improvement plan and requirement in terms of financials resource and timeframe demands
- Ensure that robust governance arrangements within the Strategy Governance Framework are in place to enable progress tracking and early intervention where schemes are at risk of slipping or not delivering anticipated levels of financial improvement
- Agree performance improvement plans and trajectories and monitor and resolve challenges to ensure that financial targets and deadlines for delivery are met
- With the DoF and Trust Performance Lead establish and oversee robust processes for financial performance/improvement monitoring and scrutiny, including assessment of the root causes of financial performance challenges and intervention to resolve issues and timely escalation as appropriate.
- Monitor the performance of key efficiency schemes and co-ordinate the deployment of capacity support to areas of need in consultation with the CFO, COO, Director of Finance and Deputy COO
- Ensure existing programmes governance and plans are fit for purpose in order to deliver our objectives, modifying and improving them where appropriate without reinventing the wheel
- Ensure appropriate information and analysis is available to enable appropriate scrutiny, challenge and accountability within the programmes and to enable Board, Board Sub-Committee and Executive Leadership Team members to deliver on their responsibilities within the programmes
- Drive the delivery of better value and greater efficiency through the identification and elimination of unnecessary complexity/inconsistency within business processes/decision making and identify better more effective and value adding ways of working. In collaboration with colleagues, support delivery of improvements to these processes to improve value added and best use of our constrained financial resources.
- In collaboration with the communications team develop a comprehensive plan for ongoing engagement with colleagues inside and outside the Trust to maximise opportunities and delivery of improvements in year and strategically
- Working with the Medical, Nursing and Therapies Directors, ensure the trust is providing appropriate quality assurance of cost improvement schemes in a timely manner to enable rapid implementation of savings.
- Review the capacity and functioning of the Recovery Programme resources in the Trust with regards to supporting the implementation of cost improvement actions and the overall programme governance.
- Oversee the process for developing a live and rolling cost improvement and savings pipeline which is documented, and which supports the Board in delivering its strategic objectives
- Working with the commercial team to explore and maximise opportunities for growth in margins in commercial activities
Job description
Job responsibilities
- Lead and drive the implementation of the Trusts Cost Improvement and Productivity Programmes ensuring that they deliver desired strategic outcomes for the Trust in accordance with the Trust Strategy and deliver the annual plan
- Prompt and support appropriate performance interventions in specific services, working in conjunction with the Service Directors, medical leadership and the executive team, providing additional support and challenge where necessary
- Identify and develop in year and multi-year (between 1 and 5 years) programmes that will enable us to identify financial savings and support the delivery of improved financial sustainability
- Supporting Executive Leadership Team Members to hold each other to account for delivery of the recovery programmes
- Provide a co-ordinated perspective to the CFO, COO, DoF and Deputy COO of all current and future components of the improvement plan and requirement in terms of financials resource and timeframe demands
- Ensure that robust governance arrangements within the Strategy Governance Framework are in place to enable progress tracking and early intervention where schemes are at risk of slipping or not delivering anticipated levels of financial improvement
- Agree performance improvement plans and trajectories and monitor and resolve challenges to ensure that financial targets and deadlines for delivery are met
- With the DoF and Trust Performance Lead establish and oversee robust processes for financial performance/improvement monitoring and scrutiny, including assessment of the root causes of financial performance challenges and intervention to resolve issues and timely escalation as appropriate.
- Monitor the performance of key efficiency schemes and co-ordinate the deployment of capacity support to areas of need in consultation with the CFO, COO, Director of Finance and Deputy COO
- Ensure existing programmes governance and plans are fit for purpose in order to deliver our objectives, modifying and improving them where appropriate without reinventing the wheel
- Ensure appropriate information and analysis is available to enable appropriate scrutiny, challenge and accountability within the programmes and to enable Board, Board Sub-Committee and Executive Leadership Team members to deliver on their responsibilities within the programmes
- Drive the delivery of better value and greater efficiency through the identification and elimination of unnecessary complexity/inconsistency within business processes/decision making and identify better more effective and value adding ways of working. In collaboration with colleagues, support delivery of improvements to these processes to improve value added and best use of our constrained financial resources.
- In collaboration with the communications team develop a comprehensive plan for ongoing engagement with colleagues inside and outside the Trust to maximise opportunities and delivery of improvements in year and strategically
- Working with the Medical, Nursing and Therapies Directors, ensure the trust is providing appropriate quality assurance of cost improvement schemes in a timely manner to enable rapid implementation of savings.
- Review the capacity and functioning of the Recovery Programme resources in the Trust with regards to supporting the implementation of cost improvement actions and the overall programme governance.
- Oversee the process for developing a live and rolling cost improvement and savings pipeline which is documented, and which supports the Board in delivering its strategic objectives
- Working with the commercial team to explore and maximise opportunities for growth in margins in commercial activities
Person Specification
Qualifications
Essential
- Educated to degree level or equivalent
Experience
Essential
- Demonstrable record in senior management and/or leadership roles of achieving challenging operational and financial targets
- Experience of financial turnaround approaches and leadership in financially challenged organisations
- Demonstrable record of leading and delivering programmes to improve financial sustainability e.g. cost improvements and improvements to productivity
- Successful record of managing and implementing complex transformation and organisational change projects to deliver improved financial sustainability
Knowledge/Skills
Essential
- Demonstrate understanding of balance of collaborative development and Trust improvement methodology in implementation of transformation with the requirement for pace and delivery
- Ability to influence and persuade clinical and non-clinical colleagues to review and change practice where appropriate to deliver improvements in quality, performance and financial sustainability
- Ability to assess, analyse, synthesise and interrogate complex performance and financial data in easily understandable ways to achieve support and to influence and drive change
Person Specification
Qualifications
Essential
- Educated to degree level or equivalent
Experience
Essential
- Demonstrable record in senior management and/or leadership roles of achieving challenging operational and financial targets
- Experience of financial turnaround approaches and leadership in financially challenged organisations
- Demonstrable record of leading and delivering programmes to improve financial sustainability e.g. cost improvements and improvements to productivity
- Successful record of managing and implementing complex transformation and organisational change projects to deliver improved financial sustainability
Knowledge/Skills
Essential
- Demonstrate understanding of balance of collaborative development and Trust improvement methodology in implementation of transformation with the requirement for pace and delivery
- Ability to influence and persuade clinical and non-clinical colleagues to review and change practice where appropriate to deliver improvements in quality, performance and financial sustainability
- Ability to assess, analyse, synthesise and interrogate complex performance and financial data in easily understandable ways to achieve support and to influence and drive change
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).
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).
