Financial Improvement Lead

We are dedicated to fostering financial growth and efficiency across all areas of our business. As we continue to innovate and expand, we are looking for a talented and motivated Financial Improvement Lead to join our team and help us achieve our goals. The post is part of the senior team within Financial Strategy & Planning and sits within the Continuous Improvement function. It is responsible for supporting oversight and monitoring of:
+ Trust-wide delivery against the workstreams to deliver the financial governance improvement programme, enabling the wider Trust to improve and embed good financial process and control
+ Trust-wide delivery of workstreams to deliver our financial strategy
The post holder will be responsible for working with Trust colleagues across finance and beyond to agree key milestones for improvement workstreams and evidence progress, supporting colleagues to identify risk to delivery and mitigations, reporting Trust-wide progress to King's Executive and Board Committees and liaising with external stakeholders including the Trust's internal auditors, South East London ICB and NHSE to report progress.
The post holder will be responsible for full programme/project lifecycle including effective scoping, planning, delivery and benefits realisation of the work programmes to timescale and quality expectations., + The post holder will be responsible for supporting oversight and monitoring of Trust-wide workstreams to deliver the financial governance improvement programme and workstreams to deliver our financial strategy.
+ You should be familiar with using tools such as NHSE's 'grip and control' checklist, HFMA's 'Improving NHS financial sustainability are you getting the basics right' checklist, benchmarking tools including Model Health System, and Statistical Process Control reporting to support delivery of their work.
· Must be able to work with wider finance team and key Trust-wide stakeholders outside of Finance to support understanding of good financial governance and key requirements of stakeholders to enable delivery of the Trust's financial strategy for their areas, including how to evidence progress and identify and mitigate risk. This will include working with colleagues across HR, nursing, medical, operations, Transformation and Estates at Site Executive level and across their teams.
· Responsible to the Head of Financial Improvement to support strategic financial planning and alignment of complex projects and programmes within the portfolio.
· Develop and review key performance indicators to monitor workstream delivery (financial and wider productivity metrics).
+ Work with the Head of Financial Improvement and Director of Financial Planning, Strategy and Investment to establish and maintain a benefits realisation framework and ensure assigned workstreams implement this., + Lead project management for the assigned workstreams, structuring the programmes of work including planning, benefits quantification and tracking, ensuring that outputs and benefits are defined within the overall project scope to the required standard of quality.
+ Define the approach of each workstream (including outcomes, objectives, scope, deliverables and resources), ensuring buy-in from staff and key stakeholders.
+ Design an appropriate and proportionate project structure, which will enable successful delivery including outcomes, products, objectives, scope, credible project plans, risks, interdependencies, benefits and resources in collaboration with others.
+ Make decisions on a range of highly complex issues where there may be more than one course of action.
+ Plan the closure and decommissioning of workstreams in a controlled way including the capture of lessons learned throughout the project lifecycle and ensure any key lessons are shared with finance team and wider-Trust. This will entail working with highly complex data, facts and situations requiring analysis, interpretation and comparisons of a range of options.
Assurance
+ Support Trust-wide leads to develop an evidence base to support internal assurance over progress for key workstreams and liaise with internal auditors to support the Trust to obtain external assurance over progress against programme maturity.
+ Ensure that changes to workstreams are properly managed and the impact of any changes impact assessed, reported and recorded.
Reporting
+ Responsible for reporting and assurance of progress on both programmes of work to the Trust's Senior Finance team, King's Executive, Trust Board Committees, as well as SEL ICB and NHSE.
+ Able to receive, process, summarise, interpret and effectively communicate highly complex, sensitive and contentious information where there are barriers to acceptance and resistance to change in a highly pressurised or hostile environment or where negotiating/influencing skills are required to secure agreement or cooperation.
+ Able to use MS Excel software including the use of advanced formula functions in MS Excel and graphic presentational techniques in MS PowerPoint to support reporting.
+ Maintenance of all the required trackers including adherence to version control.
Risk Management
+ Work with the Head of Financial Improvement and Director of Financial Planning and Investment to establish and maintain an effective risk and issue management strategy/framework and ensure assigned programme and projects implement this.
+ Responsible for the on-going risk management, monitoring and implementation of the programme, to the extent that the intended Programme benefits are realised.
+ Work with the workstreams management leads and SROs to resolve and mitigate any challenges.
+ Escalate risks as appropriate to governing bodies and relevant stakeholders.

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,500 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in the London Borough of Bromley., King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD; Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled and focused on sustainability, we aim to take Team King's to another level.
We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.
King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible., + Please review the documentation on our recruitment microsite, particularly the Trust's criminal records checking policy
+ All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role.
+ Due to a high volume of applications, this advert might close before the displayed closing date. It is therefore recommended that you apply promptly
King's College Hospital NHS Foundation Trust Annual Reports and Other Corporate Publications
King's Health Partners Academic Health Science Centre Website
King's College Hospital is part of King's Health Partners Academic Health Sciences Centre (AHSC), a pioneering collaboration between King's College London, and Guy's and St Thomas', King's College Hospital and South London and Maudsley NHS Foundation Trusts.