About the Role
The Finance Department is seeking a qualified candidate to lead and manage its operations effectively. The successful applicant will ensure the maintenance of accurate financial records, oversee budgeting processes, and implement cost control measures. This role requires strong analytical skills, attention to detail, and the ability to communicate effectively with administrative personnel and other departments.
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Responsibilities
- Develop and maintain financial record keeping and reporting systems.
- Accountable for day-to-day operations of the Finance Department.
- Coordinate the preparation of budgets for the facility, including budgetary controls and variance analysis for individual departments and the organization as a whole.
- Analyze the General Ledger and review expenses, maintain and update the General Ledger, including reviewing journal entries made by staff in the department.
- Supervise billing, receivables, payables, cash receipts, cash disbursements, and general ledger functions.
- Ensure that monthly accrual entries hold adequate amounts of provision for End of Service Benefits (EOSB), Leave Salary, Airfare, Water & Electricity, Telephones, Service Contracts, and other outstanding liabilities, and monitor pension payments for UAE nationals monthly.
- Supervise the invoicing process for clients in collaboration with the accounts receivable executive.
- Formulate and implement cost control measures and procedures in coordination with the VP – Operations (CS), as well as develop new reports for enabling control procedures.
- Monitor consumption by individual revenue-generating doctors and report any excesses or performance issues to the VP – Operations (CS).
- Supervise the generation of reports that review the performance of individual doctors/departments on a timely basis.
- Monitor and follow up on receivables that remain outstanding for unusually long periods.
- Produce monthly financial statements, including balance sheets and profit/loss statements, utilizing a computer-based accounting system.
- Contribute to and coordinate project costing and appraisals for future projects.
- Review reconciliations to ensure proper preparation and follow up on any unusual items.
- Monitor cash flow and investments on a monthly basis.
- Prepare monthly and periodic management accounts.
- Oversee the preparation of the annual audit in conjunction with an independent auditor.
- Reconcile bank and investment accounts and prepare related journal entries.
- Maintain confidentiality and exercise good judgment in handling sensitive information, records, and reports.
Qualifications
- CA / ICWA / MBA in Finance
- Minimum of 10 years of experience in a similar organization, with at least 3 years in a managerial position.
