Care Quality Commission Head of Market Oversight

Salary: Executive Level 3 - Starting salary from £73,150, up to £95,000 for exceptional candidates

Hours: Full-time, 37 hours per week

Contract: Permanent

Location: Flexible, home-based with occasional travel to CQC Offices

Closing date: Thursday 2nd May 2024 at 11.59pm

About Us

We’re the Care Quality Commission (CQC) and we work to improve health and adult social care in England.

Through the dedication of our expert team, we monitor health and social care services to provide England with a safe and compassionate care system, recognising when services perform well as well as encouraging improvements and taking action over poorer care, where necessary.

One of our main commitments is to become a truly inclusive organisation and to role model a diverse and representative culture. To do so, we work with a variety of networks, including the Disability Equality Network, Race Equality Network and LGBT+ Equality Network.

Our Finance, Commercial, Workplace and Performance (FCWP) Team provides a high-quality financial service across our organisation. Together with your expertise, we can work towards building a safer, stronger health and social care service across the country.

Since 2015, the Market Oversight function has been in place to monitor social care providers that Local Authorities would find difficult to replace in the event that they fail or cannot deliver all of their services. The scheme assists Local Authorities in the delivery of their statutory care responsibilities and ensure people in vulnerable circumstances have continuation of care should their provider’s business fail.

We are now looking for a Head of Market Oversight to join us on a full-time, permanent basis.

The Benefits

- 27 days’ annual leave, rising with service to 32.5 days, plus 8 Bank Holidays

- NHS pension scheme, with around a 14% employer contribution

- Free employee assistance service 24 hours a day

- Discounts to supermarkets, high street stores, electronics and fleet cars

- Discounted gym vouchers

- Cycle to work scheme

- Internal reward scheme where you could win a voucher or two!

- Equipment for homeworking

Why this could be a great role for you

If you’re a high calibre, ACA or CIMA qualified banking or accountancy professional with experience of complex restructuring processes, this is the perfect opportunity to progress your career with our nationally important organisation.

The impact you will make in this head of function role will be critical to the lives of vulnerable people across the country, and your impact will be felt throughout the social care sector. You will have a real opportunity to enact change and forge a legacy, ensuring a positive difference and vital support is provided simply through your day-to-day operations.

What’s more, your finance, restructuring and insolvency expertise will be not only put to the test but justified, broadened and expanded upon, ensuring that you are engaged and driven to deliver exceptional and innovative solutions within social care.

In addition to this, you will discover that we are committed to being a transparent organisation with a clear strategy that is geared toward delivering for the public. We are ambitious in what we do but are focused on four pillars: People and Communities, Smarter Regulation, Safety through Learning, and Accelerating Improvements.

What you will bring…

To be considered as Head of Market Oversight, you will need:

- Experience of complex restructuring processes

- Experience in accountancy and/or banking

- Experience across a range of different restructuring solutions, dealing with contentious situations and an understanding of insolvency procedures

- Experience of working with professional advisers, such as accountants, lawyers and insolvency practitioners

- Experience of handling confidential and commercially-sensitive information

- Excellent stakeholder relationship management skills, with a credible track record of communicating with Board level executives and senior stakeholders

- An ACA, CIMA or a similar accounting qualification

What you’ll be doing

As Head of Market Oversight, you will ensure that adult social care providers are financially sustainable and stable through various monitoring and review activities.

Managing our relationship with corporate providers regarding their financial issues, you will review registration and market intelligence reports to identify potential new entrants and leavers from the Market Oversight Scheme.

You will lead financial risk assessments of corporate providers, ensuring that the analysis performed, and resultant risk judgement, considers any specific business context issues. You will then approve changes to financial templates and risk indicators due to specific business context issues.

Liaising with the Corporate Provider Team, you will work to understand the potential financial impact of any quality-related issues. You will ensure the delivery of evidence-based judgements on business failure risk, and act as a consistent point of escalation for the provider.

Additionally, you will:

- Lead engagement with corporate providers and senior stakeholders

- Ensure we can assess the risk of business failure and its likely impact on services

- Procure additional professional support

- Support in determining when to notify Local Authorities regarding concerns

- Line-manage a Market Oversight Manager

Next steps

If you require any support or assistance with the recruitment process, please get in touch with our team or include a note in your application.

We know diverse teams allow for a more creative and productive environment and therefore encourage applications from everyone regardless of age, gender/sex, gender identity or expression, religion or belief, disability, ethnicity or sexual orientation.

So, if you’d like to join us as Head of Market Oversight, please apply via the button shown.

Other organisations may call this role Head of Financial Restructuring, Head of Audit, Head of Financial Oversight, Senior Audit Manager, or Head of Restructuring Solutions.