Chief Finance Officer at Excel and Grace Consulting

Job Overview

• The Head of Finance will oversee and manage all financial aspects of the hospital, ensuring effective financial planning, budgeting, reporting, compliance, and strategic financial management.
• This leadership role involves working closely with senior management to drive financial health, optimize resource allocation, and contribute to the long-term success of the medical facility.
• The Head of Finance will be responsible for developing financial strategies that align with the hospital's goals while maintaining regulatory compliance and managing risk.

Key Responsibilities

• Lead the finance department and oversee all financial planning, budgeting, and accounting functions of the hospital.
• Ensure accurate financial reporting, compliance with financial regulations, and proper management of hospital funds.
• Develop and implement financial policies, controls, and procedures to safeguard the hospital’s assets.
• Collaborate with management to provide financial insights and support strategic decision-making.
• Develop financial models to support decision-making and strategic planning.
• Oversee cash flow management and optimize financial liquidity.
• Conduct regular financial risk assessments and implement mitigation strategies.
• Supervise billing and collections to ensure timely payments.
• Prepare comprehensive financial reports for stakeholders.
• Coordinate with external auditors to ensure compliance with regulations.
• Manage cash flow, accounts receivable, accounts payable, and financial risk management.

Educational Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related discipline is required.
• Master’s degree in Finance, Accounting, Business Administration, or a related field.
• Preferred: MBA (Master of Business Administration) with a focus in finance or healthcare management.

Certifications and Licenses:

• Certified Public Accountant (CPA) or equivalent professional accounting qualification.
• Certified Management Accountant (CMA) or Chartered Financial Analyst (CFA) may be an advantage.
• Healthcare financial management certifications such as Certified Healthcare Financial Professional (CHFP) from the Healthcare Financial Management Association (HFMA).

Skills & Experience
Experience:

• At least 8-10 years of progressive experience in financial management, with at least 5 years in a senior leadership role within the healthcare sector (hospital or medical facility).
• Extensive experience in budgeting, financial forecasting, and reporting.Proven track record of strategic financial management in a complex healthcare setting.Skills:
• Strong knowledge of financial modeling, reporting, and analysis.
• Proficiency with financial software (e.g., SAP, Oracle, QuickBooks, or healthcare-specific systems).
• Exceptional understanding of healthcare finance, regulations, billing systems, reimbursement processes, and cost structures.
• Excellent leadership, communication, and interpersonal skills.
• Strong analytical, problem-solving, and decision-making abilities.In-depth knowledge of healthcare regulations, compliance standards, and financial governance.
• Ability to manage large, cross-functional teams and collaborate with senior executives.
• Preferred Gender: Male for gender balance

Results Expected:

• Accurate and timely financial reporting.
• Effective financial planning, budgeting, and control.
• Compliance with financial regulations and internal controls.
• Financial stability and sustainability of the hospital.

Parameters to Measure Performance:

• Accuracy of financial reports and audits.
• Budget adherence and variance analysis.
• Cash flow management and liquidity ratios.
• Compliance with financial regulations.