Employer Overview
A leading multi-specialty healthcare institution with a capacity of 100 beds, committed to delivering high-quality, patient-centered medical services. The organization focuses on clinical excellence, medical research, and education while fostering a culture built on integrity, compassion, collaboration, and accountability.
Job Summary
The Chief Financial Officer (CFO) will lead the organization's financial strategy and oversee all financial operations, ensuring financial sustainability, profitability, and regulatory compliance. The role will provide strategic financial insights to executive leadership, drive cost optimization, and support business growth and investment decisions across the organization.
Key Responsibilities
- Develop and oversee the organization's overall financial strategy, annual budgets, business plans, and financial forecasts in alignment with organizational objectives.
- Monitor financial performance, profitability, cash flow, revenues, and expenditures, ensuring effective financial management across all operations and branches.
- Establish and maintain robust financial controls, accounting policies, internal procedures, and approval mechanisms to safeguard organizational assets.
- Ensure accurate, timely, and comprehensive financial reporting, including financial statements, management reports, and performance dashboards.
- Oversee the revenue cycle management process, including medical billing, collections, accounts receivable, and accounts payable, ensuring efficiency and accuracy.
- Identify opportunities to improve profitability, optimize operational costs, and maximize the utilization of financial and organizational resources.
- Ensure compliance with applicable accounting standards, tax regulations, financial legislation, and relevant regulatory requirements.
- Evaluate the financial feasibility of new projects, investments, hospital expansions, and capital expenditure proposals, providing recommendations to executive management.
- Manage relationships with banks, external auditors, financial institutions, and financial advisors while supporting the CEO and Executive Director in strategic and operational decision-making through financial analysis.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- A professional financial qualification (CPA, CMA, ACCA, or equivalent) is an advantage.
- Minimum 10+ years of relevant experience in financial management within healthcare facilities, such as hospitals or medical centers.
- Proven experience in financial planning, budgeting, forecasting, financial reporting, and financial control.
- Previous experience overseeing financial operations and supporting senior-level business decisions.
- Experience in healthcare revenue cycle management is highly preferred.
- Strong leadership and team management skills.
- Excellent strategic thinking and decision-making abilities.
- Strong analytical and problem-solving skills.
- Excellent communication, negotiation, and stakeholder management skills.
- High level of integrity, accountability, and attention to detail.
- Strong knowledge of financial planning, budgeting, and forecasting.
- Expertise in financial reporting, accounting principles, and internal controls.
- Understanding of healthcare financial operations and revenue cycle management.
- Knowledge of taxation, financial regulations, and applicable accounting standards.
- Ability to conduct financial analysis, feasibility studies, and investment assessments.
- Strong understanding of cost control, profitability analysis, and cash flow management.
- Advanced proficiency in Microsoft Excel and Microsoft Office applications.
- Experience with ERP systems and financial management software.
- Ability to develop and interpret financial reports, dashboards, and performance indicators.
- Very good command of English, written and spoken.
- Ability to develop and execute long-term financial strategies aligned with organizational goals.
- Ability to manage complex financial operations within a healthcare environment.
- Ability to translate financial data into actionable business recommendations.
- Ability to manage competing priorities and meet critical reporting deadlines.
- Ability to work effectively with executive leadership, department heads, and external stakeholders.
