Chief Financial Officer (CFO) at Alfred & Victoria Associates

Job Summary

• We are seeking an experienced and strategic Chief Financial Officer (CFO) to oversee the financial operations of our hospital.
• The CFO will be responsible for financial planning, budgeting, financial reporting, risk management, revenue optimization, and ensuring the hospital's financial sustainability.
• The ideal candidate will possess strong leadership skills, extensive healthcare finance knowledge, and a proven track record of driving financial performance.

Key Responsibilities
Financial Strategy & Planning:

• Develop and implement the hospital's financial strategy in alignment with organizational goals.
• Lead annual budgeting, forecasting, and long-term financial planning processes.
• Provide financial insights and recommendations to the CEO and Board of Directors.
• Monitor financial performance and identify opportunities for growth and cost optimization.

Financial Management & Reporting:

• Oversee the preparation and presentation of monthly, quarterly, and annual financial reports.
• Ensure accurate financial record-keeping and compliance with applicable accounting standards.
• Manage cash flow, working capital, and capital expenditure planning.
• Analyze financial data and provide actionable recommendations to improve profitability and efficiency.

Revenue Cycle & Cost Management:

• Oversee billing, collections, insurance claims, and revenue cycle management.
• Develop strategies to improve revenue generation and reduce financial leakages.
• Monitor departmental budgets and ensure effective cost control measures.

Compliance, Risk & Governance:

• Ensure compliance with healthcare regulations, financial laws, and tax requirements.
• Lead internal and external audit processes.
• Develop and maintain robust financial controls and risk management frameworks.
• Ensure adherence to corporate governance policies and procedures.

Leadership & Stakeholder Management:

• Lead, mentor, and develop the finance team.
• Collaborate with department heads to support operational and strategic objectives.
• Build and maintain relationships with banks, auditors, regulatory bodies, and other stakeholders.
• Participate in executive leadership meetings and strategic decision-making.

Key Performance Indicators (KPIs)

• Budget adherence and financial performance.
• Revenue growth and collection efficiency.
• Cash flow management effectiveness.
• Audit and regulatory compliance outcomes.
• Cost reduction and operational efficiency improvements.
• Timely and accurate financial reporting.

Requirements
Education:

• Bachelor's Degree in Accounting, Finance, Economics, or a related field.
• MBA, Master's Degree in Finance, or related discipline is an added advantage.
• Professional certification such as ACA, ACCA, ICAN, CFA, or equivalent is required.

Experience:

• Minimum of 15 years of experience in a senior finance leadership role, preferably within a hospital, healthcare organization, or related sector.
• Proven experience in financial planning, budgeting, forecasting, and financial analysis.
• Experience managing audits, compliance, and risk management processes.
• Group Head, managing multiple locations
• Experience in managing Corporate Expansion and Corporate Financing.
• Past experience in corporate funding, to a level of not less than $20m, including appropriate application of such funds, as the CFO.
• Experience in Corporate investment of funds and resources

Skills & Competencies:

• Strong knowledge of healthcare finance and hospital revenue cycle management.
• Excellent financial analysis and strategic planning skills.
• Strong leadership and team management abilities.
• Proficiency in financial management systems and Microsoft Office Suite.
• Excellent communication, negotiation, and stakeholder management skills.
• High level of integrity, professionalism, and attention to detail.

Working Hours:

• The role requires work from Monday to Saturday, with Saturday being a half-day.
• All Public Holidays will also be observed as half-day working days.

Salary

• Competitive and commensurate with experience.