Chief Finance Officer at Cedarcrest Hospitals

Job Code: #F00002

Detailed Job Description
General

• Provides leadership, direction, and management of the finance team
• Interprets corporate strategies into financial strategies and plans
• Provides strategic recommendations to the CEO and members of the executive management team
• Manages the processes for financial forecasts, budgets, and monitors cashflow
• Oversees the preparation of all financial reporting
• Advising on long-term business and financial plans
• Reviews all formal finance related procedures and accounting controls
• Reviews and approves payroll, all payments, and disbursements

Specific:

• Assist the CEO / Medical Director to create, coordinate, and evaluate the financial plans and supporting information systems of the company, including budgeting, tax planning, and conservation of assets.
• Develop financial strategies towards meeting the company's goals
• Coordinate Monthly Performance Review (MPR) and Quarterly Business Review (QBR)
• Develop and monitor Key performance indicators for the Hospital
• Coordinate changes and improvements in automated financial and management information systems for the Hospital
• Develop funding strategies for the company's projects
• Oversee processing of revenue, expenditure, and position control documents, department budgets, staff salary updates, ledger, and account maintenance and data entry
• Coordinate the preparation of monthly financial statements, financial reports, special analyses, and information reports.
• Develop and implement finance, accounting, billing, and auditing procedures.
• Develop financial and budget policies and procedures.
• Maintain appropriate financial control policies and measures.
• Provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
• Ensures record systems are maintained following generally accepted auditing and accounting standards.
• Assist the CEO / Medical Director to develop and direct the implementation of strategic business and operational plans, projects, programs, and systems.
• Analyze cash flow, cost controls, and expenses to guide management.
• Analyze monthly financial statements to identify potential weak areas.
• Assist the CEO / Medical Director to establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures
• Provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
• Direct and oversee all aspects of the Finance & Accounting functions of the Hospital
• Mitigate key elements of the company's financial risk profile
• Ensure that record keeping meets the requirements of auditors and government agencies
• Report risk issues to the Board
• Maintain a good and productive relationship with external auditors and investigate their findings and recommendations

Qualifications

• B.Sc. degree with a second-class upper grade in Accounting or any Finance-related course
• MSc in any Finance-related course
• Member of a recognized professional body (ICAN, ACCA, CFA)

Work Experience:

• At least five years' experience in the finance manager role of a corporate organization, preferably the healthcare industry.
• At least three years' experience in preparing management accounts and financial management positions.
• At least two years' experience in overseeing the day to day financial administration in a small to medium-sized organization.
• At least two years' experience in a well-organized audit firm.

Skill Requirements:

• Excellent leadership and management skill
• Excellent Microsoft office skill
• Exceptional communication and interpersonal skills
• Results-oriented, strategic thinker and planner
• Experience in the use of various financial reporting software