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Ref no:
POL00015
Published:
11/12/2017
Closes:
21/12/2017
Location:
Flexible, G40 4EH
Salary:
£0 per year
Contract Type:
Permanent
Position Type:
Full Time
Hours:
35 hours per week

JOB PURPOSE

The Business Investment Lead is the specialist lead providing the Scottish Police Authority and Police Scotland with a professional, efficient and effective Business Investment Function.

Through the continued development and ongoing implementation of the Police Scotland Investment Governance Framework and ongoing organisation-wide engagement, the Business Investment Lead will deliver a service to appraise, challenge, support and guide the investment of material financial resource in order that all capital and programme investment is undertaken in support of Police Scotland’s Strategic Priorities

Leading a team of Project Finance Accountants the Business Investment Lead will additionally provide a post investment-decision service to monitor on-going spends against agreed budgets and provide an assessment of benefit realisation.

ACCOUNTABILITIES AND MAIN RESPONSIBILITIES

1. As a member of the Finance Senior Management Team and in support of the Chief Financial Officer's strategy for the Finance Function, develop and implement service plans to set direction, lead change and secure service improvement on a continuous basis.

2. Develop and lead a function that establishes a ‘Business Investment’ centre of excellence for the department and wider organisation, ensuring performance contributes to the strategic aims of the Finance Service and the wider organisation

3. Lead the reporting of management information to key stakeholders, in respect of Project Finance & Capital Planning (Business Investment), ensuring that all reporting requirements are met and conform to required quality standards and timeframes.

4. Lead the design, establishment and development of a Business Investment Function including:

a. Development of a Capital Strategy to ensure that all capital investment aligns to organisational strategic priorities;

b. Development of a capital planning framework to deliver the Annual, Medium-Term and Long-Term Capital Programme;

c. Development of robust frameworks for investment appraisal and capital planning across the organisation in line with best practice and in collaboration with key partners and stakeholders; Strong and effective engagement with budget holders across the organisation to develop and embed a culture of accountable financial management in order to deliver robust investment and capital bid proposals that demonstrate clear linkage to wider strategic priorities and external political landscape;

d. Leading the commercial and operational assessment of asset requirements contained within investment and capital bid proposals to consider new capital investment with reference to the existing asset base in order to maximise asset utilisation and value for money.

e. Development and application of appropriate financial tools and techniques to generate financial analysis to evaluate proposals effectively and support business decisions.

f. Leading the development of a framework to ensure project finance budget monitoring, variance analysis and corporate reporting are delivered in relation to approved projects across the Organisation.

g. Ensure all Business Investment Function outputs present relevant, objective and reliable financial analysis and advice that clearly sets out financial implications and risks as appropriate.

h. Develop, implement and report on relevant performance indicators in order to assess the organisation’s performance.

5. Ensure appropriate continuous professional development, keeping abreast of all internal, legislative and best practice developments, with particular focus on those impacting the Business Investment function. Ensure appropriate interpretation and implementation of required changes in a timely manner.

6. Develop and Lead a Continuous Improvement Plan for the Business Investment Function taking into account changing demands and technology to leverage innovative, risk-aware solutions to drive change towards a continually re-assessed Best Practice Operating Model for the function its customers and other stakeholders.

7. Establish and implement robust month end routines in relation to reporting against capital and investment plans, ensuring that quality working papers are maintained in support of all reports with supporting documentation and appropriate clear analysis for the purposes of forming an audit trail. Ensure all policies, plans and processes are appropriately documented and maintained.

8. As a figurehead for the Business Investment Function with both internal and external Stakeholders, pro-actively lead and develop the Business Investment Function to become a known Centre of Excellence within the Organisation.

9. Promote and deliver a culture of strong and accountable financial management and investment planning that ensures the economic, efficient and effective use of public money.

10. Lead a focus on successful outcomes and delivery of planned objectives by:

a. Leading a team of professionally qualified and experienced staff, setting objectives and agreeing plans for technical and personal development within the personal development framework.

b. Leading on the development of budget holder training programmes, in collaboration with other members of the Finance Function Senior Management Team and focusing on developing budget holders’ financial competencies and embedding best practice approaches to the assessment of capital requirements.

c. Lead on Police Scotland training relating to investment decisions, raising awareness and understanding of HM Treasury Guidance in relation to investment appraisal.

d. Leading by example in internal and external communications and mentoring staff in effective service delivery.

e. Ensuring effective resourcing of the functional area in line with agreed policies and in partnership with the People & Development Directorate.

11. Lead on the identification, monitoring and reporting of relevant risks and work with colleagues across the organisation (as appropriate) to mitigate those risks.

12. Initiate, lead, monitor and manage improvement and change projects as appropriate to the role.

13. Be accountable for the implementation and monitoring of all applicable Standard Operating Practices and Policies including Health, Safety & Wellbeing policies.

14. Continually re-evaluate priorities and work in an agile manner to address emerging requirements as applicable.

The above list is illustrative, not exhaustive. Accordingly, there may be a requirement to undertake additional duties, consistent with the grade of the post, as directed by management.