About the Role / About the Job
The job holder is responsible for preparing financial effect analyses for expansion plans or for the introduction of new services. Other responsibilities include coordinating the automation of reporting needs using Business Intelligence (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 required by management to assist in decision-making.
- Assists in conducting a bottoms-up costing exercise to determine the cost of services rendered.
- Facilitates and supports discussions/negotiations with the Department of Health, insurance companies and other stakeholders on 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 on major expansion projects, tracking actual expenses against the approved budget and reporting back to relevant workgroups and committees.
- Initiates, develops, and tracks cost optimization plans in coordination with Supply Chain and other relevant stakeholders.
- Collaborates and actively participates in taskforces/committees (such as Pharmaceutical brand selection taskforce, Tender evaluation committee, etc.) 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 Revenue Cycle Management (RCM) team on revenue enhancement initiatives.
- Oversees financial and accounting policies for the organization, ensuring they are updated periodically.
- Manages and monitors a robust Internal Control over Financial Reporting (ICFR) framework of international standards to ensure controls are adhered to, with reported departures or weaknesses.
- Keeps abreast of tax changes in the local environment and assesses their potential impact on the organization.
- Assists in the implementation and maintains/updating of financial accounting systems to keep pace with organizational changes, making recommendations for replacements as needed.
- Maintains regulatory requirements, including licensure and certification, and other mandatory training within established time frames.
Accountabilities
- Ensures 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 qualifications such as CMA, CPA, ACCA, ACA, CA, CFA or equivalent.
- Desired: N/A.
Experience:
- Required: 5-7 years of relevant progressive experience in a similar role.
- Desired: Experience in a large healthcare facility.
