Job Title: Management Accountant
Hiring Organization: Jacaranda Maternity
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Healthcare
Job Type: Full Time
Salary: KES
Date Posted: 06/07/2024
About Jacaranda
Maternity
Jacaranda
Maternity is redesigning the future of healthcare in East Africa for the
patients who need it most. Our hospital in Nairobi is changing the way maternal
healthcare is provided by developing better ways to provide high-quality,
patient-centred maternity care at affordable prices. Currently, we see over
3,000 clients a month. We have won global and local recognition, including from
the Centre for Health Market Innovations, the Gates Foundation, Savings Lives
at Birth, and Innovations in Healthcare – and our facility has been
independently rated as among the highest quality in Kenya.
Job Summary
The
Management Accountant is responsible for providing accurate financial
information and insights to support the hospital’s strategic decision-making
process. This role involves budgeting, forecasting, variance analysis, cost
management, and performance reporting. The Management Accountant works closely
with the Finance Manager and other department heads to ensure financial
efficiency and effective resource allocation within the hospital.
Key
Responsibilities:
Financial
Planning and Analysis:
Develop
and maintain detailed financial models to support budgeting, forecasting, and
long-term planning.
Prepare
monthly, quarterly, and annual financial reports and analysis, highlighting key
variances and trends.
Provide
financial insights and recommendations to the Finance Manager and department
heads to inform strategic decisions.
Budgeting
and Forecasting:
Coordinate
the annual budgeting process, working with various departments to develop
comprehensive budgets.
Prepare
rolling forecasts and update them regularly based on actual performance and
changing assumptions.
Monitor
budget performance, analyze variances, and work with departments to implement
corrective actions as needed.
Cost
Management:
Analyze
hospital costs and identify opportunities for cost savings and efficiency
improvements.
Monitor
and report on departmental spending against budget, identifying areas of
concern and recommending actions.
Support
cost control initiatives and implement best practices for cost management
across the hospital.
Performance
Reporting:
Develop
and maintain performance dashboards and key performance indicators (KPIs) to
track hospital performance.
Prepare
financial and operational performance reports for senior management
Conduct
benchmarking analysis against industry standards and best practices.
Internal
Controls and Compliance:
Ensure
adherence to internal financial policies and procedures, supporting a robust
internal control environment.
Assist
with the preparation of financial statements and ensure compliance with
regulatory requirements.
Support
internal and external audits by providing necessary documentation and
addressing audit findings.
Project
Analysis and Support:
Conduct
financial analysis and feasibility studies for new projects, programs, and
initiatives.
Provide
financial support for capital investment decisions, including cost-benefit
analysis and ROI calculations.
Collaborate with project managers to monitor project budgets and financial
performance.
Financial
Systems and Processes:
Utilize
and maintain financial systems and software to ensure data accuracy and
efficiency.
Identify
opportunities to streamline financial processes and implement system
improvements.
Provide training and support to hospital staff on financial processes and
systems as needed.
Collaboration
and Communication:
Work
closely with the Finance Manager and other department heads to provide
financial guidance and support.
Communicate
financial information and insights to non-financial managers in an
understandable manner.
Participate
in cross-functional teams and projects to support hospital-wide initiatives.
Qualifications:
Education:
Bachelor’s degree in Accounting, Finance, or a related field. CPA, CMA, or
equivalent certification preferred.
Experience:
3-5 years of experience in management accounting, financial analysis, or a
similar role, preferably in a healthcare setting.
Skills:
Strong
analytical and problem-solving skills.
Proficiency
in accounting software and advanced MS Excel skills.
Excellent
communication and interpersonal skills.
Ability
to work independently and collaboratively in a team environment.
High
level of accuracy and attention to detail.
Knowledge
of healthcare finance and hospital operations is a plus.