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Morgan Law are working with an NHS CFO who is seeking an additional Deputy CFO role to provide additional capacity to support it with the delivery of its financial plan for 2023/24 and in implementing its medium-term financial recovery plan.
The postholder will work closely with the CFO, other Executive Directors and other key staff, including the Trust's Senior Finance Team, PMO and Divisional operational management teams in the following areas:
* Ensuring a clear and robust understanding of the Trust's financial position and forecast outturn, identifying key drivers and risks, actions and mitigations with relevant stakeholders.
*Working with Finance Team and PMO to ensure clear and consistent reporting of efficiency savings (CIPs), including links to the overall Trust financial position and forecast outturn.
* Work with PMO and Divisional leads to identify and work through additional efficiency opportunities. Identify productivity and efficiency opportunities, utilising relevant benchmark data and tools e.g. Model Hospital.
* Support the CFO to oversee the programme to monitor and manage financial risks and mitigation's, to deliver the Trusts revenue financial plan. Ensure that robust action plans are in place to ensure that efficiency targets are met and actions are taken to mitigate income and expenditure risks.
* Work with relevant key stakeholders including the COO and CPO to identify and implement actions and controls to reduce bank and agency headcount and expenditure (target 50% reduction from 31/24)
Support the CFO in developing the medium-term financial recovery plan. Liaise with key stakeholders at the ICB and other key system stakeholders.
The postholder will have no direct line management responsibilities, but will work alongside and receive support from the substantive Deputy CFO and the Senior Finance Team.
