About the Role
The job holder is responsible for preparing financial effect analysis for expansion plans or the introduction of new services, coordinating the automation of reporting needs using BI tools, administering the finance control matrix and accounting policies, and managing the internal controls framework and enterprise risk management policies.
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Responsibilities
- Leads the financial modeling process for Financial Effect Analysis (FEA) by coordinating with relevant departments to obtain the required information.
- Ensures that the Financial Effect Analysis (FEA) is aligned with ongoing strategic priorities.
- Produces a variety of ad hoc reports as needed by management to assist in decision-making.
- Assists in conducting bottoms-up costing exercises to determine the cost of services rendered.
- Facilitates and supports discussions/negotiations with the Department of Health, insurance companies, and other stakeholders regarding the costing and pricing of existing and new services.
- Assists the Research and Education division in costing and pricing of projects and facilitates data-driven price negotiations with sponsors and other stakeholders.
- Acts as the primary finance point of contact for major expansion projects, tracks actual expenses against the approved budget, and reports back to relevant workgroups and committees.
- Initiates, develops, and tracks cost optimization plans in coordination with Supply Chain and other relevant stakeholders.
- Collaborates and participates as an active member of taskforces/committees (e.g., Pharmaceutical brand selection taskforce, Tender evaluation committee) to facilitate prudent financial decisions that maximize revenue and minimize costs.
- Develops, automates, and maintains reports using BI tools such as Qlik Sense and provides necessary training to end-users on these reports.
- Works closely with the RCM team on revenue enhancement initiatives.
- Oversees financial and accounting policies and ensures they are updated periodically.
- Manages and monitors a robust ICFR (Internal Control over Financial Reporting) framework of international standards, ensuring adherence to controls and reporting any departures/control weaknesses.
- Keeps abreast of tax changes in the local environment and assesses their potential impact on the organization.
- Assists in the implementation, maintenance, and updating of the financial accounting systems to keep pace with organizational changes and makes recommendations for replacements where required.
- Maintains regulatory requirements including licensure, certification, and mandatory training within established time frames.
Accountabilities
- Ensures the completeness and accuracy of reports and FEAs prepared.
- Completes assigned tasks in a timely and reliable manner.
Role-Specific Job Responsibilities
- Liaises with relevant stakeholders on costing and pricing of services.
- Provides training to team members on BI tools.
Qualifications
Required:
- Bachelor's degree or equivalent in Accounting/Finance/Commerce/Business Administration or relevant field.
Desired:
- Master's degree or equivalent in Accounting/Finance/Commerce/Business Administration or relevant field.
Specialist Certifications:
Required:
- Recognized qualification such as CMA, CPA, ACCA, ACA, CA, CFA, or equivalent.
Desired:
Experience:
Required:
- 5-7 years of relevant progressive experience in a similar role.
Desired:
- Experience in a large healthcare facility.
