Job Description
- The positions leads the process of execution of financial operations and implementation of financial plans, accounting frameworks, and strategic information systems to support the hospital's business
- The position is responsible to oversee regulatory affairs of the hospital as well as implementation of internal controls for effective and efficient execution of business plans approved by the Board.
- Develop policies, systems and processes for financial control, budgeting and budgeted vs actual performance reporting, monitor deployment and adherence to policies, systems and processes to ensure that there are clearly defined guidelines for budgeting and performance reporting.
- Monitor the annual budgeting process for the hospital by coordinating with department heads to facilitate preparation of departmental budgets, collating and analyzing departmental budgets to prepare the annual budget for the hospital, presenting the required budgets to the board to ensure that the annual budgets for the hospital and departments are developed and approved.
- Develop management reporting system and inventory and accounts receivable controls
- Monitor preparation of the weekly, monthly, quarterly and annual actual vs budget performance reports, conduct analysis of reports including service line profitability, price realization etc, present and discuss the same with the department heads to ensure that the top management has the required financial information and analysis to take various strategic and operating decisions.
- Review financial feasibility studies conducted for new projects, discuss findings with concerned department heads and top management and evaluate financial alternatives for new projects to ensure that new projects financial feasibility of new projects before approval.
- Lead and guide subordinates by providing them with technical guidance, training and the required growth opportunities to ensure that subordinates are developed for higher-level roles. Create, coordinate, and evaluate the financial programs and supporting information systems of the hospital to include budgeting, financial planning, and conservation of assets.
- Approve and coordinate changes and improvements in automated financial and management information systems for the Hospital.
- Implement financial module of ERP
- Efficiently manage supply chain management and recovery process
Job Specification
- Minimum 15 years post qualification experience in finance and accounts of which at least 5 years should have been as Head of a finance function.
- Should have knowledge of developing financial controls, policies and systems, budgeting and financial reporting, financial modeling, cash forecasting, fund mobilization, and capital structure modeling.
- Prior experience in the Hospital industry is an added advantage.