30+ days ago
Full TimeMid Level
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About the company
Confidential Healthcare
Hospitals and Health Care
Job Purpose
The Finance Manager is responsible for the overall financial management and control of the hospital, ensuring financial sustainability, accurate reporting, effective cash-flow management, cost control, budgeting, revenue-cycle oversight, and compliance with applicable financial, tax, healthcare, and regulatory requirements.
The role provides management with accurate financial information and analysis to support operational and strategic decision-making while maintaining strong internal financial controls.
Key Responsibilities Lead the hospital’s accounting, financial reporting, budgeting, treasury, cash-flow, and financial-control activities. * Prepare annual operating and capital budgets in coordination with the Executive Director and department heads. * Prepare monthly, quarterly, and annual financial statements, management reports, forecasts, and variance analyses. * Monitor hospital revenues, operating expenses, payroll costs, medical supplies, pharmaceuticals, maintenance costs, utilities, and other major cost categories. * Develop departmental cost centers and monitor actual performance against approved budgets. * Oversee the complete patient revenue cycle*, including billing, invoicing, collections, outstanding balances, credit notes, and reconciliation. * Monitor accounts receivable and aging, particularly amounts due from insurance companies, guarantors, third-party payers, patients, and institutional clients. * Coordinate financial matters related to insurance companies, NSSF, Ministry of Public Health and other third-party payers, where applicable. * Monitor collection performance and establish appropriate follow-up and escalation mechanisms for overdue receivables. * Oversee accounts payable and ensure payments are properly authorized, supported, recorded, and aligned with cash-flow priorities. * Manage bank accounts, bank reconciliations, cash positions, payment schedules, and treasury requirements. * Establish and maintain appropriate internal controls covering purchasing, payments, receipts, inventory, fixed assets, payroll, petty cash, and financial approvals. * Work closely with Procurement, Pharmacy, Warehouse and relevant medical departments to strengthen inventory and cost controls. * Monitor the financial performance and profitability of hospital services, departments and major activities. * Conduct financial analysis of new services, equipment investments, expansion projects and other capital expenditures before management approval. * Maintain the hospital’s fixed-asset register and ensure proper capitalization, depreciation and asset-control procedures. * Coordinate payroll financial controls and reconciliation with HR. * Ensure accurate and timely tax declarations and compliance with applicable Lebanese financial and statutory requirements. * Coordinate with external auditors, tax advisors, banks and other financial institutions. * Lead year-end closing and external audit requirements and ensure timely resolution of audit findings. * Ensure proper use and integrity of the hospital’s ERP/accounting system and strengthen financial reporting automation. * Establish Finance policies, SOPs, approval matrices and segregation of duties. * Manage, coach and evaluate Finance team members and ensure clear responsibilities and accountability. * Provide the Executive Director and Board with financial analysis, recommendations and early warning on financial risks. * Maintain strict confidentiality of financial, patient, employee and institutional information.
Qualifications & Experience Bachelor’s degree in Accounting, Finance or a related field is required; MBA, CPA, CMA, ACCA or equivalent professional qualification is preferred. * The position should ideally require 10+ years of progressive Finance/Accounting experience, including at least 5 years in a managerial role*. * Previous hospital or healthcare-sector experience is strongly preferred.
Core Competencies