Rutherford Cross is delighted to be partnered with the NHS Credit Union in order to appoint a Part-Time Head of Finance. As the NHS Credit Union pursue their strategic growth plan for 2023 - 2026, they have identified the need to bring the role in-house on a permanent part-time basis.

This is an exciting opportunity for an ambitious, energetic individual to help transform the NHS Credit Union as they embark on their growth journey. The Head of Finance will play a role vital in supporting the growth of the membership and profitability. The role will be required for 21 hours per week, over three days. There will be key points in a typical month where the successful candidate is required to be on-site for Board or Committees and SMT meetings.

The role will report directly into the Chief Operating Officer and will also be responsible for providing the Chief Executive Officer (CEO) and Board of Directors with accurate and insights-driven analysis, financial projections and recommendations which enable informed strategic planning and decision-making. This is a senior role within the business and will require the successful individual to lead and proactively respond to risk, as well as prepare scenarios and stress tests around financial plans and performance initiatives.

Role Responsibilities:

• Develop and implement financial strategies, policies and procedures
• Monitor & evaluate performance to provide accurate and timely reports
• Lead budgeting and forecasting processes
• Analyse data, forecast and stress test recommendations for optimising revenue, controlling costs, and improving operational efficiency
• Develop risk management frameworks and strategies
• Monitor and mitigate risks related to investments, loans, liquidity, interest rates and debts
• Ensure compliance with all financial and accounting standards and PRA / FCA reporting requirements
• Implement and monitor internal controls to safeguard assets
• Manage the Credit Union’s liquidity and investments
• Build and maintain collaborative relationships with regulators, auditors, credit unions, NHS payroll partners, key suppliers and third parties
• Contribute to the development, implementation, and completion of the NHS credit union strategic plan by providing financial insights, reports and recommendations
• Coordinate financial audits conducted by external auditors, regulators, and internal auditors
• Undertake benchmarking, research and comparative analysis
• Clearly and effectively report to stakeholders on financial results
• Responsibility for staff remuneration calculations
• Lead the streamlining and development of automated financial systems and analytical reporting tools as part of the digital transformation programme
• Adhere to the highest levels of financial reporting and regulatory requirements of the Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and the governance expectations of NHS

The Individual:

• A Qualified or ‘Qualified by Experience’ Accountant
• Significant leadership or management experience
• Significant experience in financial analysis, data management and performance reporting
• Experience and expertise in budget design, forecasting and tracking
• Proficient in the use of financial planning software programs (e.g., Excel, SQL, QuickBooks, BusinessObjects etc.)
• Strong financial planning, organisational and problem-solving skills
• Excellent communication and interpersonal skills
• Meticulous attention to accuracy
• Ethical, principled and resilient in challenging risks
• Engaging with a ‘can do’ attitude
• Values coaching and development for themselves and the team
• Has an awareness of the sector and its values, buying into the mission statement behind the NHS Credit Union

On Offer:

• Salary £42,000 - £45,500 (pro-rata)
• Enhanced employer pension contribution of up to 10%
• Enhanced holiday allowance of 35 days + additional days for time in service
• Life Assurance and Critical illness
• NHSCU staff enjoy all the benefits of credit union membership

For more information, please contact our retained advisor Gillian O’Neil at Rutherford Cross.

Telephone: +44743482882

Email: [email protected]