Description:

Executive Summary

The Director of Finance and Procurement at Beaumont Hospital is a key member of the Senior Management Team with responsibility for leading, developing, monitoring, governing and evaluating overarching financial strategy, with a focus on bottom-line financial and operating performance.

The portfolio extends to core Finance functions in addition to Procurement and Materials Management and is inclusive of the following Divisions:-

• Management Accounts
• Patient Accounts
• Creditors
• Payroll
• Financial Accounts
• Procurement
• Material Management

The Director of Finance and Procurement will have responsibility for a Directorate team of over 100 staff spread across these specialist divisions. Reporting directly to the CEO, the postholder will play a central role in leading the financial and budgetary strategy of circa €500 million for Beaumont Hospital. They will also provide specialist advice and support as necessary to the Hospital Board, CEO and the management team across a wide variety of initiatives and developments, while adhering to the highest standards of Corporate Governance required by the Code of Practice for the Governance of State bodies.

Responsibilities:

Principal Duties and Responsibilities

Systems / Processes / Financial Management Culture

• Developing a performance management and cost control ethos throughout the hospital, in particular, ensuring the development of robust financial planning and forecasting methodologies, including comprehensive audit and measurement systems which identify and analyse variations from
• Leading negotiations with the HSE and other relevant bodies in relation to funding, establishment of financial targets and on-going monitoring of the allocation and funding of new service
• Championing and influencing national projects/ To devise integrated business and associated financial models ensuring Beaumont is aligned to patient cost volume and complexity.
• Supporting the Corporate and Clinical Directorates in devising financial plans and reporting to ensure provision to ensure provision of priority services in the most cost-effective
• Taking a central role in the on-going development of systems, processes and procedures including contributing to the design of improved internal budgetary/accounting models and enhancing revenue collection
• Playing a key role in the development of annual and multi-annual service/provider plans

Leadership / Management / Governance of Financial Related Functions

• Preparation and finalisation of Annual Financial Statements (“AFS”) by 31 March to achieve audit finalisation ahead of 30 June each year. The AFS will be prepared in accordance with Accounting Standards for Voluntary Hospitals (and where required FRS 102)
• Annual compliance with finance related elements of the (Section 38 Health Act) service level agreement with the HSE
• Identification and management of key financial risks arising in the Hospital and oversight of the Corporate Risk Register with regard to supporting an ethos of strong corporate governance in the hospital
• Awareness of the Corporate Sustainability Reporting Directive (“CSRD”) and capability to lead the Finance function in achieving any required disclosure deadlines
• Assisting relevant directorate management in publication of required disclosures under the Gender Pay Gap Information Act 2021
• Planning, organising and managing the operations of the department in such a manner as to ensure that it operates effectively and efficiently, supporting strategic and operational requirements.
• Leading the modernisation/transformation of the Finance function to respond to the changing requirements of the Hospital and Hospital Groups.
• Developing the highest standards of professionalism within the finance function and throughout the organisation, with best-practice accounting standards and financial conventions.
• Enhancing skills of business case development, information management and efficiency techniques/ processes within the Hospital.