Chief Financial Officer at First Cardiology Consultants

Purpose of Position

• The Chief Financial Officer is responsible for directing, monitoring, and coordinating all of the hospital’s financial activities and interacts with top management and the Board of Directors of the hospital.
• The CFO will prepare and update long-range forecasting for the hospital and its financial network and advise and educate management on all aspects which financially impact the day-to-day operations of the hospital.

Reporting to:

• Chief Operating Officer

Supervising:

• Accounts
• Credit Control
• Cashiers
• Stores

Principal Duties & Responsibilities
Develop and administer the following activities for the Hospital:

• Financial reports both internal and external;
• Financial policies, procedures and systems;
• Reimbursement strategies, reports and appeals;
• Budgeting systems for both operating and capital budgets
• Tax returns and tax planning;
• Financial analysis of new programs, acquisitions and business development;
• Patient financial services, including receivables management and patient admissions processes; and Disbursements (payroll and accounts payable) processing.
• Provide financial information and consultation to management.
• Interpret current financial trends and respond with the appropriate action.
• Ensure compliance with covenants incorporated in financing documents.
• Negotiate contracts and agreements with third parties.
• Participate in professional associations and community service activities.
• Lead and facilitate organizational planning for changing reimbursement methodologies.
• Lead or facilitate strategies and steps for cost containment within the organization.
• Recruit, retain and develop staff to ensure that qualified staff exists to meet group objectives.
• Perform other related duties and participate in special projects as assigned by the Board and management from time-to-time.
• Ensure that effective internal controls are in place and ensure compliance with IFRS and applicable federal, state and local regulatory laws and rules for financial and tax reporting.

Internal Relationships:

• Interact with all departments of the organization.

External Relationships:

• Interact with the Board, Suppliers and Vendors, Banks, External Auditors, Insurance Companies, Health Management Services Provider, Pension Fund Administrators and Custodians, NSITF, ITF.

Personal Specifications
Education and Work Experience:

• Minimum of B.Sc (Hons) 2nd Class Lower
• Associate of the Institute of Chartered Accountants of Nigeria (Having trained with a Big 4 accounting firm will be an advantage)
• At least 5 years of work experience in public accounting or finance function of a healthcare business

Skills:

• Accounting
• Finance
• Taxation (Personal Income Tax, Companies’ Income Tax, Value Added Tax)
• Banking
• Oral and written communication
• Presentation
• Microsoft Certified User
• Word
• Excel
• PowerPoint

Personal Attributes:

• Character free of doubt
• Leadership
• Emotional intelligence, interpersonal skills, initiative, self-motivation
• Ability to adapt in fast-changing environment