Finance Manager (Chartered Accountant) at EMEL

Job Summary

• The Finance Manager will oversee the financial operations of the hospital, ensuring efficient financial management, regulatory compliance, and sustainability.
• The role requires a Chartered Accountant with strong corporate and healthcare finance experience, responsible for managing budgeting, revenue cycles (including NHIS, HMOs, and private billing), financial reporting, and strategic financial planning.

Key Responsibilities

• Prepare and present monthly, quarterly, and annual financial reports to management
• Develop and manage the hospital’s budgets, forecasts, and financial plans
• Oversee revenue cycle management, including NHIS, HMOs, retainerships, and private patient billing
• Monitor income streams and expenditure, ensuring optimal cost control and revenue optimization
• Ensure compliance with healthcare regulations, tax laws, and financial standards
• Manage cash flow, banking relationships, and financial risk
• Supervise billing, collections, and reconciliation processes across departments
• Coordinate internal and external audits, ensuring transparency and accountability
• Implement and enforce financial policies, controls, and standard operating procedures (SOPs)
• Provide financial insights and advisory support for strategic decision-making and service expansion
• Collaborate with clinical and administrative teams to improve financial efficiency and service delivery
• Oversee procurement financial processes, including vendor payments and cost evaluations

Qualifications & Requirements

• Bachelor’s Degree in Accounting, Finance, or related discipline
• Chartered Accountant (ACA, ACCA)– mandatory
• 7–10years’ experience, preferably in a hospital or healthcare environment, with at least 3-5years in a managerial role
• Strong knowledge of hospital billing systems, NHIS, HMO processes, and healthcare financial operations
• Proficiency in accounting software, hospital management systems, and Microsoft Excel
• Sound understanding of financial regulations and compliance in healthcare
• Strong analytical, leadership, and problem-solving skills

Key Competencies:

• Healthcare Financial Management
• Revenue Cycle Management (NHIS/HMOs)
• Financial Reporting & Analysis
• Cost Control & Budgeting
• Leadership & Team Management
• Compliance & Risk Management
• Strategic Thinking & Decision Support.