Head of Finance
Are you ready for the next step in your finance career?
It’s an exciting time for NHS Credit Union. As Head of Finance, you will have the opportunity to lead the finance team and drive significant change and innovation across our business while overseeing our financial operations.
You will be responsible for shaping our financial vision, optimising budget forecasting, and implementing real change.
If you thrive in a fast-paced environment and want to make a real impact in a rapidly growing company, then this role is for you.
Salary is £42573 (pro-rated to £25544 for 21 hours)
Job Type: Part-time
Part-time hours: 21 per week
Working with NHS Credit Union gives you the opportunity to support and represent the amazing people across the NHS and their families who continue to look after the health of the nation.
At NHS Credit Union we offer a competitive salary with a great benefits package including an enhanced contributory pension scheme, critical illness and life cover, and 35 days annual leave inclusive of 8 public holidays.
NHS Credit Union is a financial co-operative that is owned and controlled by its members. We are a not-for-profit organisation, with a clear mission to promote financial well-being and a savings culture across the NHS, while helping to reduce financial stress for Members. We provide ethical financial assistance to those who need it.
The Head of Finance is a crucial role within the Credit Union, where you will develop and manage the financial models and analytical techniques which optimise performance visibility and critically evaluate NHS Credit Union’s (NHS CU) performance.
You will also provide the Chief Operating Officer (COO), Chief Executive Officer (CEO) and Board of Directors with insights-driven analysis, financial projections and recommendations which enable informed strategic planning and decision-making.
Financial management, develop and implement financial strategies, policies, and procedures to achieve the credit unions financial goals. Monitor& evaluate performance and provide accurate and timely reports to the team, treasury, committees, and the board of directors.
Budgeting and forecasting, lead budgeting and forecasting processes, working closely with executives to establish financial targets and recommendations on allocating resources, effectively and efficiently. Analyse data, forecast and stress test recommendations for optimising revenue, controlling costs, and improving operational efficiency.
Financial Risk Management, timeously identify, assess, and manage financial risks faced by the credit union. Develop risk management frameworks and strategies, ensuring compliance with internal KPIs and external regulatory requirements. Monitor and mitigate risks related to investments, loans, liquidity, interest rates and debts.
Regulatory Compliance, ensure compliance with all financial and accounting standards and PRA/FCA reporting requirements. Stay up to date on industry trends, and plan for changes to regulation, ensuring implementation of best practice.
Implement and monitor internal controls to safeguard assets and maintain financial sustainability and integrity.
Treasury and Liquidity, manage the credit unions liquidity and investments. Develop and implement strategies that optimise efficient utilisation of credit union finances.
Monitor products and services in relation to interest rates and liquidity risks and execute appropriate strategies to mitigate them.
Team Leadership, provide leadership and direction to the finance and credit control manager and the wider team. Coach, develop and foster a culture of collaboration, continuous learning, and innovation in the team.
External Stakeholder Relations, Build and maintain collaborative relationships with regulators, auditors, credit unions, NHS payroll partners, key suppliers and third parties.
Strategic Planning, contribute to the development, implementation, and completion of NHS credit union strategic plan. Collaborate with executives and the senior management team to align financial goals and the wider organisational strategy. Provide financial insights, reports and recommendations that aid and support strategic plans.
Audit and Compliance, coordinate financial audits and examinations conducted by external auditors, regulators, and internal auditors. Ensure timeous and accurate completion of audit recommendations and report these to the Treasurer, committees, and the board.
Develop and manage financial scenario planning, forecasting, variance analysis and insights-driven recommendations on both short and long-term planning for executives and the Board of Directors.
Undertake benchmarking, research, and comparative analysis to track NHS CU’s performance and position within the wider financial services environment and to support internal recommendations and decision-making.
Support Executives, Board and associated committees through timely, relevant and meaningful reporting of NHS CU’s activities in relation to the strategic objectives outlined in the business plan. Clearly and effectively report on financial results.
Responsibility for staff remuneration calculations, reporting to the CEO recommendations, that consider business impact and opportunities for optimising workforce improvements.
Monitor and evaluate key trends and indicators in market conditions, technological developments, product performance and Members’ needs and behaviour to inform recommendations for service improvement and business expansion.
Lead the streamlining and development of automated financial systems and analytical reporting tools as part of the digital transformation programme, with full visibility of financial and non-financial benefits from the programme.
Contribute to the business development and marketing strategy and support the COO in driving membership growth and expansion in line with NHS CU’s social mission.
Utilise evidence-based, analytical findings to contribute to the planning and delivery of marketing campaigns and initiatives which promote the values, services, and brand of NHS CU.
Calculate and advise on the anticipated costs, risks, required resources and associated timescales for new projects, initiatives, and change processes.
Work collaboratively with all teams, delivering training and proactively identifying opportunities for enhanced member engagement, education, wellbeing, and empowerment.
Undertake valuation analysis, evaluating and reporting on capital structure, projected income and profits, market value of assets and other relevant metrics as required.
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 NHSCU