If you are an Accountant or Finance Manager currently working in the National Health Service you will be aware that STP and extensive proposed service reorganisation means that few organisations and roles will remain unchanged. Some organisations and positions will go but there will also be many new roles, jobs and new opportunities for finance professionals.
Although at CY Executive Resourcing Ltd we recruit for a very wide range of permanent, fixed term, contract and temporary roles across the NHS - from part qualified to experienced Director level - we find that candidates often don’t realise their full potential and don't readily discern the roles they should or could be applying for.
Our goal in providing this online resource is that you will gain some helpful insight and guidance so you can make a more informed decision about your next career move with the National Health Service.
With our expertise and in-depth knowledge of the full requirements behind each NHS vacancy, we believe we are uniquely positioned in the recruitment industry to pinpoint the right opportunity for you and match them with your current requirements and future career goals and objectives.
And because we work to build long term relationships, our consultative approach focuses on understanding your needs, ensuring you are fully informed and to always act in your best interests.
We will always be honest with you, brief you thoroughly before interviews and give you full feedback afterwards, so you can gain from your experience and build on it to maximise your prospects of success in securing new employment.
With 50 years of experience in NHS recruitment and as one of the leading specialists in NHS financial recruitment, we've gained exceptional knowledge, skill and expertise. Along with our hard work and dedication to matching candidates to job vacancies, our goal is to achieve the very best results for our candidates.
We provide specialist recruitment services to the NHS and to the general health sector, working with over 200 Trusts and Healthcare Commissioning Organisations throughout the country plus leading international health consultancy firms and overseas health service providers.
In 2015 we were awarded a place on the Crown Commercial Service Non-Medical Non-Clinical (NMNC) Temporary and Fixed Term Staff Framework Agreement. We have also been selected for various other regional and local Frameworks and preferred Supplier Agreements.
To work in Finance for the NHS there are essentially 2 options: (i) studying while you work within the nhs as a trainee or apprentice; (ii) obtain a finance qualification and then apply for jobs you are suitable qualified to do.
NB. For an accounting degree, you will need either:
(i) 2 or 3 A levels including maths + 5 GCSEs at grades A-C (including maths and English language), or
(ii) BTEC or HNC (that includes maths or business), or a relevant vocational qualification - however, you should check the exact entry requirements with the relevant organisation(s) that you wish to join.
Over the decades, the NHS has constantly evolved but the pace of change today is faster and more significant than ever before. Given the extent of the current transformation, our advice to you is be prepared for change, keep yourself informed of new positions as they arise and of course continue reading this article to learn about the various finance job opportunities that are frequently coming available through our books.
If you work in the commercial sector or other areas of the public sector, we are keen to hear from you. A common problem NHS recruiters report is a shortage of financial talent. We believe that bringing in expertise and new ideas from other sectors will be highly beneficial to the NHS as a whole.
With our expertise and understanding of our client's needs, we can identify and highlight transferable skills and experiences you might offer to each particular vacancy. We have also been particularly successful in overcoming any sector preconceptions in recruitment processes.
As always, our results prove the point, with very successful 'other sector' appointments achieved at all levels, including Deputy CFO and Director of Finance positions with NHS Trusts and CCGs.
Lets now take a look at the various finance job vacancies that commonly come up within the NHS and the skills, experience and qualifications you will need to be a relevant and potentially successful candidate.
We manage all health sector vacancies ranging from salary levels of £25,000 to £200,000 plus per annum, including:-
To succeed at this level, candidates need to demonstrate a wide range of skills beyond excellence in accounting and finance, most significantly a need to demonstrate strong leadership ability.
In supporting Board level candidates through the application and selection processes, we can help you to convey your relevant strengths and suitability. For example, it is easy to forget the basics but actually some of the key skills include being a good listener, finding out about issues before making a decision and being a strong communicator, in particular an ability to translate complex financial information into easily understandable messages for those with little or no financial knowledge.
Leading a commissioning organisation that decides on the health services for local populations, the key focus areas for this role often include:
- setting and developing the culture of the organisation - developing a clear and compelling organisational narrative that describes the future strategy of the CCG and communicate this to a wide range of audiences - providing dynamic leadership to the CCG Governing Body, senior management and all CCG members - create a compelling vision for the future and communicate this within and across organisations. - be a strong communicator - the role will require the post holder to develop and foster collaborative and effective whole system partnership working across health and social care providers, commissioners, Local Authorities and other NHS and non-NHS organisations and stakeholders.
A Finance Director's duties will typically include:-
The role of Chief Finance Officer focuses on the commissioning of health services with core duties that include:-
Many of the proposed changes within the NHS involve Boards overseeing bigger or multiple organisations. In order to do so effectively, the NHS will need to expand senior management teams, so more opportunities at this level are inevitable.
Typical vacancies and posts include:-
The Director of Operational Finance supports the Trust in delivering a world class finance function and is a key member of the Trusts leadership team. The role includes:
- Working across the peer group and representing the interests of the Finance Directorate at the Trust’s Operational Management Board.
- Providing leadership and direction to the Finance Department and be accountable for overall performance.
- Fully utilising past experience to drive continuous improvement, promote new ideas and initiatives, leading others through the journey to a sustainable future.
This role is ideal for experienced or aspiring Directors/Deputies who are looking to further their careers at a large Acute Trust.
In assisting the Operational Finance Director, the Deputy Director of Finance will include:
• Delivery of the monthly and annual accounts to the highest professional standards and integrated with the forecasting process.
• Change leadership within Finance and the Trust, specifically the identification and implementation of appropriate best practices, the replacement of the current financial system and support for the alignment of services across Partners and other NHS bodies
• Lead the development and maintenance of improved cash management.
• Improve balance sheet management and integrate with the development of Return on Capital measures
With the ability to think strategically, the Regional Head of Finance influences the national agenda and provides national project support, understanding, formulating and implementing policy.
The post holder will be fully involved in consultations, working and policy development groups, acting as a conduit for the Secretary of State in disseminating policy and enabling its effective application.
Initiatives include developing structures, processes and communications, moving value to the centre of the agenda and improving decision making, for example, around the allocation of flexible funding.
The post holder will be primarily responsible for Financial Services, Financial Management, Planning and Reporting with a particular responsibility for Statutory Accounts, Charitable Funds, Annual Planning, Long Term Financial Modelling, Capital Planning and Financial Management.
The Associate Director of Finance will effectively manage and lead multiple teams. As an experienced and inspirational leader, the post holder will set and manage priorities, ensuring staff meet deadlines, as well as ensuring staff continuing professional development.
The Financial Controller's key responsibilities include:
This role will require the following fundamental tasks:
• Take full responsibility for the pricing, reporting and forecasting of NHS clinical income, primarily in relation to service level agreements with local commissioners.
• Play a key role in contract negotiations with commissioners, in order to optimise the level of income due to the Trust under PbR and other contract rules.
• Develop reporting to ensure accurate attribution of income and expenditure to Business Units.
• This role requires excellent spreadsheet and modelling skills, plus the ability to communicate effectively with senior managers and clinicians both within the Trust and with external commissioners.
The Assistant Director of Finance-Financial Management is responsible for the provision of timely and reliable financial management information and advice to the organisation.
The post holder is also responsible for the management and development of the Financial Management team, including Finance Managers and Assistant Finance Managers, which support the Trust’s individual Business Units.
This role requires strong financial management and reporting skills, with the ability to communicate effectively with senior managers and clinicians both within the Trust and externally.
The Divisional Finance Manager works alongside the Divisional Director and Director of Operations in providing overall leadership and direction to the Division, comprising a range of Clinical Specialties.
The post-holder will have influence on strategic decision making within the Trust through the provision of business and financial advice. He/She will also be responsible for the management of the Divisional Finance Team, including staff development and all performance and disciplinary issues; support the development of the Trust’s Local Delivery Plans (LDPs) with commissioners, and identify and report on efficiency savings and the development of business cases.
The Head of Financial Control manages and provides effective leadership to all areas i.e. technical accounting, treasury management (accounts receivable and cash management), accounts payable, capital and payroll. The post holder's role often includes:
The role of Head of Treasury is to provide in depth specialist knowledge of the processes available to an NHS Foundation Trust for investment, including the range of options set out within the Trust, with sufficient understanding to be able to prepare recommendation for the optimum courses of action, spreading risk while maximising returns.
In addition, the post holder will also maintain the banking, maximise the return on Trust temporary cash balances, ensure that all day-today receipts and payments are managed strictly in accordance with the Trust’s financial procedures and follow best practice for managing all bank and cash payments.
The key purpose of the role of Head of Contracts & Income is to take the lead in maximising the income of the Trust through supporting contract negotiations with commissioners and ensuring that all potential income is identified and billed.
The post holder will also be responsible for accurate income reporting and forecasting which is crucial to the strategic decision making within a Trust. This role requires strong understanding of income and expenditure.
Head of Procurement supports the Associate Director of Procurement in managing operational work streams, play a key role in the Trust’s Procurement modernisation plans and raising the functional maturity of the Procurement team.
Through optimised category management and well organised business processes, Head of Procurement supports the delivery of cash releasing savings attributed to medical and non-medical spend. Suitable candidates for the role will have expert knowledge and experience in Procurement and management of commercial contract life-cycles.
The post holder will also have demonstrable experience in leading improvement and transformation projects, with a track record of negotiating contracts and managing competitive tender processes with a working knowledge of EU Regulations.
High calibre candidates are always sought to strengthen teams and usually offer excellent development and progression prospects. Vacancies that we typically see coming up include:-
The Senior Financial Accountant supports the Head of Financial Control throughout the year-end process. The role includes:
- compiling the Financial Control sections of the monthly board, Finance and Audit Committee papers.
- Leading on the Balance Sheet, ensuring control accounts are reconciled and reviewed promptly and liaising with other departments within Finance.
- Providing assurance on the material accuracy of its assets, liabilities and reported position.
- Managing and provide effective leadership to treasury management (accounts receivable and cash management), accounts payable, capital and Charitable Funds.
- Promoting a positive finance staff development culture and ensuring compliance with national and Trust strategies.
The post of Costing Manager covers a wide remit.
The duties of Costing Manager includes managing highly complex and sensitive aspects of financial work within the organisation and working with other professionals at a senior level both within the organisation and externally.
The job will also include the need to clearly explain financial concepts to non-financial staff at all levels within the organisation so that services fully understand the information they are given.
The Contracts Analyst provides contract monitoring reports, assists in the monitoring of PbR and non PbR contract activity, and supports the negotiation and monitoring of contracts to secure maximum income for the Trust. The post holder works closely with other members of the team to ensure that all Income reconciles correctly and lead on the challenge process ensuring any are responded to within agreed timescales.
A Finance Manager's responsibilities will often entail:
Required Qualifications & Experience:
The Finance Systems Manager provides application support for the Finance Department and ensures the integrity of finance systems coding structure. In addition, the post holder's duties will include:
- Developing and maintaining reporting software and data repository to ensure quality information is delivered to users through a range of media, in accordance with departmental timetables or user requirements.
- Discussing information needs with finance managers, providing advice and guidance on their requirements and translate these requests into user friendly reports to enable appropriate decision making
- Evaluating the departments requirements for improving business processes, then designing and developing applications and reports (e.g. Qlikview, Access Database and Excel) to meet those requirements
This role assists in the completion of the Trust’s monthly, quarterly and annual NHSiMonitor returns and the control of the Trust’s Balance Sheet ensuring control accounts are reconciled. The Assistant Financial Accountant will also plan, organise and supervise the Capital, Charitable Accounting and System Support section.
A Cost Accountand reports to the Head of Costing. The post generally has a wide remit, supporting the production of annual integrated reference costs and education costing returns, cluster based tariff reports for CCGs, and the implementation of PLICS (Patient Level Information Costing). The post generally requires individuals that are capable of managing complex data sets and to be a least part-qualified to CCAB level or equivalent.
Much of the time of a Management Accountant will be spent working with operational budget holders to understand their positions and to support them with areas which need to be changed or adapted. The post typically carries study support for achieving a CCAB accounting qualification.
The NHS interim arena has seen major change recently with the introduction of rates caps and changes to PSCs. With high level expertise and up to date knowledge, we are best able to advise candidates about working as an interim and what that is likely to entail. We are also able to present to you a wide range and variety of NHS opportunities as they arise.
To receive fast and automatic updates of new job opportunities, often even before they are marketed generally, register your contact information with us today (it only takes 2 minutes) or call our team on 0121 6326776.
The opportunities to work on a fixed length placement have increased enormously, with both recruiters and candidates appreciating the greater contracting certainty this offers, whilst also allowing both sides to benefit from the expertise and experience such assignments offer. For candidates who are quick learners, there is the chance to build up an impressive range of different organisational insight within relatively short periods of time.
CY Executive Resourcing recruits for nhs finance roles right across the UK and some overseas health roles too.
The UK regions that we cover and actively recruit for include the North East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South Central, South West, Wales, Scotland and Northern Ireland.
Areas of greater population tend to have more health services resulting in more vacancies in places such as London, Manchester, Birmingham, Leeds, Bradford, Glasgow, Southampton, Portsmouth, Liverpool, Newcastle, Nottingham, Sheffield, Bristol, Belfast, Leicester, Cardiff, Derby, Brighton, Gloucester, Oxford, Norwich, Plymouth & Cambridge.
So, if you are looking for a new finance job in the nhs in any of the areas that we cover, we would love to work with you to secure your next position .
As with all careers in the health sector there is enormous reward and satisfaction in work that helps people and communities. The work is also incredibly varied, with continual technical and medical advances in treatments and approaches.
Health services really matter to the population and continue to account for a large proportion of public spending, so it is a sector that will continue to receive substantial investment
If you are looking for a new career in NHS finance or just looking for a new role within the NHS, contact us in confidence and without obligation to discuss this exciting big sector of opportunity that the NHS can offer you. Call 0121 6326776 or register with us your contact details and receive up-to-date alerts of new job listings as they arise.
CY Executive Resourcing Ltd is a member and active supporter of the Health Financial Management Association (HFMA), which develops and supports accountants working in the NHS and health organisations across the world. The HFMA website keeps member up to date with the latest news and approaches to common issues plus much more besides. (https://www.hfma.org.uk/)