Finance Manager (Medical / Healthcare)

Job description / Role

Job Purpose:
The Finance Manager provides both operational and programmatic support to the Hospital. The FM supervises the finance unit and is the chief financial spokesperson for the Hospital.

He is fully responsible for all financial management aspects.

Duties and Responsibilities:
• Create, Coordinate and evaluate the financial programs, and supporting information systems of the hospital to include budgeting, real-estate and conservation of assets.
• Oversee and approve all changes, enhancements related to the hospital financial management system.
• Ensure compliance with the local authorities with regards to all financial aspects and reporting.
• Oversee the approved processing of revenue, expenditure and position control documents, ledgers, and the hospital account maintenance.
• Develop and obtain approval for the hospital financial policy and processing procedures, and ensure its enforcement once endorsed by senior management.
• Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
• Train and/or Coach the Finance department and other staff on raising awareness and knowledge of financial management matters.
• Work with the CEO on the strategic vision including fostering and cultivating stakeholder relationships, as well as assisting in the development and negotiation of contracts.
• Participate in developing new business, specifically: assist the CEO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.
• Assess the benefits of all prospective contracts and advise the CEO on programmatic design and implementation matters.
• Help CEO and department heads with the preparation of the operating budget.
• Work with the CEO through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all Bahrain contractual guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance.
• Oversee the management and coordination of all fiscal reporting activities for the hospital including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
• Develop, enhance and maintain systems of financial internal controls to safeguard financial assets of the hospital.
• Oversee coordination with the external auditors ensuring that compliance issues are met, and the timely preparation of the annual financial statements in accordance approved hospital and best business practice.
• Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.
• Monitor banking activities of the hospital.
• Ensure adequate cash flow to meet the hospital's needs.
• Investigate cost-effective benefit plans and other fringe benefits which the hospital may offer employees and potential employees with the goal of attracting and retaining qualified individuals;
• Oversee the hospital financial status of monthly reports including reconciliations, as well as financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee and Board of Directors.
• Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place, in co-ordination with the IT department.
• Oversee business insurance plans and health care coverage analysis.
• Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with relevant regulations.
• Ensure agreed covenants and repayments with banks and other lenders are maintained.
• Monitoring cash flows and ensuring necessary liquidity to manage the hospital working capital and long-term financial requirements.

Requirements

Qualifications and Experience

Education:
• A minimum of a Bachelor’s Degree in Accounting, Business Administration, preferably a master Degree in Accounting, Finance or Business.
• At least one professional qualification such as CPA or the equivalent.

Experience:
• Minimum of 8 years’ experience in a senior financial accounting position;
• Minimum of 2 years as CFO or finance manager with a medical firm;
• Up to date knowledge of current financial and accounting computer applications;
• Excellent verbal, analytical, organizational and written skills;
• Good knowledge in computer Operation.

About the Company

Human Capital House was set up in the year 2013 with a vision to be a progressive talent acquisition partner for organizations within the local and regional market in the Middle East.

As international markets get ever demanding, corporations globally are presented with the challenges of attracting the right talent. Human capital retention and recruitment remain a critical factor to the success of any company. Strategic decision to recruit the right talent is a key issue to organization as wrong candidate selection can potentially be disastrous to their efficiency.

The critical aspect of choosing the right individual with the apt experience and knowledge becomes more crucial as he/she would need to share the ambitions of the employer, while fitting in to the new culture. Human Capital House has both the experience and expertise to help its clients make the right choice of selection. From understanding client requirements, through identifying and assessing the candidates, our systematic approach strives to ensure successful executive recruitment.