DNA of a NHS Finance Leader

HAYS ACCOUNTANCY & FINANCE DNA OF A NHS FINANCE LEADER

Adam Hart

Business Manager

Recruiting experts in Senior Finance

Ebury Gate

23 Lower Belgrave Street

London SW1W 0NT

T: +44 (0) 20 7259 8745

F: +44 (0) 20 7068 5461

E. [email protected]

2

BACKGROUND AND EXPERIENCE THE AGE OF A TYPICAL NHS FINANCE LEADER

• 46% of respondents

were aged between

45 and 54

• 68% of NHS Finance

Leaders surveyed

currently work as

Head of Finance or

above.

3

ACCOUNTING QUALIFICATIONS KEY QUALIFICATIONS FOR NHS FINANCE LEADERS

• 32% of

Finance

Leaders in

the NHS are

CIMA

qualified

• 27% hold an

ACCA

qualification

General Definitions of the two major Qualifications

CIMA - able to take on a broader range of roles in any kind of organisation or industry, helping to shape

strategies and make financial decisions. More likely to find yourself in a top role such as Financial Controller or

Managing Director.

ACCA - places more emphasis on auditing. Many ACCA members take on private practice roles, focusing

more on financial assessment and compliance rather than planning and management.

4

ACCOUNTING QUALIFICATIONS COMPARISON WITH COMMERCE FINANCE LEADERS

• The same

question asked

to commerce

FD’s showed

that 39% were

ACA compared

with 13% in

the NHS.

5

BACKGROUND AND EXPERIENCE SECTOR EXPERIENCE OF NHS FINANCE LEADERS

• 64% of respondents

have worked in the

NHS for the majority

of their career

• 20% have spent most

of their time in the C&I

6

BACKGROUND AND EXPERIENCE YEARS WORKED WITHIN THE NHS

• 26% have worked

within the NHS for

less than 5 years

• The largest response

was 27% who have

been in the NHS for

over 21 years

• The majority of

respondents have

been in the NHS for

either less than 5 or

greater than 21 years

7

TO BE A SUCCESSFUL FINANCE LEADER PERSONAL CHARACTERISTICS TO ACHIEVE SUCCESS

The top 3 personal characteristics needed to succeed as a

Finance Leader are:

1. Hard Working

2. Proactive Nature

3. Enthusiastic

8

TO BE A SUCCESSFUL FINANCE LEADER THE TOP 3 SKILLS NEEDED

The top 3 skills needed to be a successful finance leader are:

1. Strategic Planning

2. People Management

3. Communication

9

TO BE A SUCCESSFUL FINANCE LEADER THE TOP 3 SKILLS NEEDED – COMMERCE COMPARISON

The top 3 skills needed to be a successful finance leader are:

1. Strategic Planning

2. People Management

3. Communication

• The top answer

from 36% of the

surveyed C&I

finance directors

was commercial

understanding

10

CHALLENGES THE NHS IN THE NEXT 12 MONTHS

Over 50% put NHS culture and funding/budgetary constraints at the heart of

the challenges for the next 12 months

• Finance leaders are no longer

hired purely for ability with

numbers

• 55% said that achieving the

objectives of the NHS greatest

professional challenge in the

next 12 months

11

FUTURE PROOFING FINANCE ROLE OF FINANCE IN THE NHS IN THE NEXT 5 YEARS

25% said that commercial awareness would become an increasing part

of the role of finance in the NHS over the next 5 years

Recruiting Experts

Adam Hart

Business Manager

Recruiting experts in Senior Finance

Ebury Gate

23 Lower Belgrave Street

London SW1W 0NT

T: +44 (0) 20 7259 8745

F: +44 (0) 20 7068 5461

E. [email protected]

The Hays Salary Guide

12

Adam Hart

As a Business Manager at

Hays, I lead the NHS Sector

business for Greater London

specialising in the recruitment

and placement of Senior to

Executive Finance interims,

contractors and consultants

Contact me for a confidential

discussion.

These salary and recruitment trends have been compiled

using data gathered during 2014 from 96 Hays offices across

the UK. The salary data is based on job listings, job offers and

candidate registrations.

The findings of our benefits survey are based on responses

from over 10,000 employers and employees from

organisations of all sizes throughout the UK.

We hope you’ll take the

time to personalise this

guide and explore the

insight and data provided.

We would welcome your

feedback on your

experience of this guide,

[email protected]