Finance Manager
Job Purpose
The overall purpose of
this job is to provide strategic leadership and management oversight in the
finance department to ensure effective business and financial planning,
monitoring, management and reporting, including development of policies,
systems, processes that would safeguard the financial resources and lead to
attainment of the Hospital’s strategic objectives.
Key duties and responsibilities
- Develop and ensure implementation of the finance strategy in
line with the Hospital’s overall strategy;
- Demonstrate ownership of and communicate the finance
department’s strategic direction and objectives to all staff.
- Develop and ensure implementation of the finance department’s
annual work plans in line with the hospital’s strategic plan;
- Participate as a member of senior management in formulating
corporate strategies, policies, plans and budgets and in monitoring the
Hospital’s performance to ensure that the corporate objectives and targets
are achieved;
- Oversee day to day operations in the finance department
including allocation of duty roster, annual leave and enforce ethics and
professional standards;
- Develop and ensure implementation of an appropriate financial
policy framework to guide the financial decision making in terms of
turnover, profit, costs and investment and forward planning in
consultation with the Director Operations and the CEO;
- Continuously review the finance policies and procedures to
ensure compliance with the strategy and the present challenges;
- Co-ordinate and guide Senior Management and Heads of Departments
in the preparation and evaluation of departmental annual budgets and
consolidate the same in line with the hospital’s objectives;
- Develop and ensure implementation of robust systems and
procedures for monitoring performance against budget;
- Ensure proper maintenance of financial records to meet legal
and tax requirements and to measure both the inputs and the outcomes of
finance operations including provision of accounting services, management
accounting and forecasting, budgeting and control systems;
- Develop and maintain strategic working relations
relationships with key stakeholders for the finance division such as
bankers, investment managers, pension advisers, auditors and key/leading
corporate clients;
- Provide professional financial advice to Senior Management,
the Board of Management and its Committees;
- Manage the Hospital’s cash flow and forecasting and treasury
management operations;
- Oversee the preparation of accurate and up to date financial
and management accounting information to facilitate the preparation of
reliable reports, budgets, business plans and management decisions;
- Oversee the preparation of management and financial information;
- Establish and maintain effective control systems for the
preparation of monthly, quarterly and year end management and statutory
accounts;
- Oversee implementation of capital expenditure projects and
asset acquisitions and ensure maintenance of an up to date assets register;
- Design and manage the implementation of effective front
office systems for admission and discharge of patients, proper recording
and billing, collection of all Hospital dues, and implementation of
appropriate recovery measures on any outstanding debts;
- Ensure appropriate financial reporting and establish, monitor
and report financial performance indicators to various levels of
management and the Board of Management;
- Establish and maintain effective internal control systems and
procedures;
- Prepare and submit all monthly, quarterly and annual reports;
- Prepare the finance department’s income and expenditure
budget and monitor its implementation upon approval;
- Oversee the budgeting, expenditure and overall financial
operations and reports of the hospital
- Build, lead and motivate a competent finance management team
including performance appraisal, that will in turn ensure that the
department has the right people in the right places to sustainably support
the delivery of accounting services at the Hospital; and
- Any other responsibilities that may be assigned to the job
holder by the supervisor from time to time.
Qualifications
- Master’s degree in Economics, Finance or any other business
related fields from a recognized institution.
- Bachelor’s degree in Accounting, Finance or any other
business related fields from a recognized institution.
- Must be a qualified accountant with relevant professional
qualifications such as Certified Public Accountant (CPA-K) or ACCA with a
valid practicing license e.
- Minimum of 7 years’ experience Competencies
Technical &
Behavioural competencies
- Proven record of accomplishment of success facilitating
progressive organizational change and development within a growing
organization.
- Knowledge and understanding of computerized accounting
systems preferably in multi user/network environment.
- Excellent judgment and creative problem-solving skills
including negotiation and conflict resolution skills.
- Strong mentoring, coaching experience to a team with diverse
levels of expertise;
- Entrepreneurial team player who can multitask.
- Ability to influence and engage direct and indirect reports
and peers.
- Exceptional written, oral, interpersonal, and presentation
skills and ability to effectively interface with senior management.
- Demonstrated ability to handle divisional budgets, resources,
processes and projects.
- Thorough knowledge of the health care industry/sector and
knowledge of regulatory requirements affecting the sector.
- Strategic relationship management skills.
- Strong analytical and problem solving abilities.
- Results oriented with ability to deliver desired outcome.
- Ability to identify and respond to risk areas within the
division.
- Strong interpersonal skills including communication,
persuasion, motivation, loyalty, and openness.
- Must be an honest person full of integrity in their personal
conduct and handling of job responsibilities.
How to Apply
