Finance Manager (Hospital)

• FINANCE MANAGER (HOSPITAL)
• Brites Management Services Limited
• Accounting, Auditing & Finance
• Yesterday
• Easy apply
• New
• Rest of Kenya
• Full Time
• Healthcare
• Confidential
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• Job summary
• Prepare accurate and timely monthly, quarterly, and annual financial statements in compliance with local accounting standards (IFRS/Kenya Accounting Standards).
• Min Qualification:
• Bachelors

Experience

• Level:
• Senior level
• Length:
• 8 years
• Language Requirement:
• English
• Working Hours:
• Full Time - 8 to 5
• Applicant
• Location:
• Kenya
• Job descriptions &
• in a similar finance management role
• ·
• in a hospital environment or healthcare sector is highly desirable
• ·
• Strong
• knowledge of financial regulations and accounting standards
• ·
• Excellent
• leadership, organizational, and communication skills
• HOW TO APPLY
• · If you meet the above qualifications,
• skills and
• share CV on recruitment@britesmanagement.com
• · Interviews will be carried out on a
• rolling basis until the position is filled.
• · Only the shortlisted candidates will be
• contacted.
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Requirements

• JOB TITLE
• FINANCE MANAGER (HOSPITAL)
• NATURE OF JOB
• FULL TIME
• INDUSTRY
• HEALTHCARE
• SALARY
• ATTRACTIVE
• JOB LOCATION
• EMBU
• DUTIES AND
• to ensure there is
• adequate working capital for operations, payroll, and vendor payments.
• Compliance
• & Risk Management:
• ·
• Ensure
• compliance with all local tax laws and regulations, including the preparation
• and filing of tax returns (e.g., VAT, PAYE, Corporate Tax).
• ·
• Work
• closely with external auditors during the annual audit process, ensuring that
• all required documentation and financial statements are accurate and submitted
• on time.
• ·
• Implement
• and monitor internal financial controls to prevent fraud, financial
• mismanagement, and operational inefficiencies.
• ·
• Stay
• current with changes in financial regulations, healthcare industry standards,
• and tax laws, ensuring the hospital's policies and practices are always in
• compliance.
• Financial
• Strategy & Decision Support:
• ·
• Work
• with the executive team to provide financial insights and support for
• decision-making processes related to new hospital projects, expansions, or
• service offerings.
• ·
• Analyze
• capital investment opportunities, working with other departments to evaluate
• potential returns and financial risks.
• ·
• Develop
• financial models and perform sensitivity analysis to support business decisions
• and long-term planning for the hospital’s growth and sustainability.
• Team
• Leadership & Development:
• ·
• Lead,
• mentor, and manage the finance department staff, ensuring the team is
• adequately trained, motivated, and equipped to meet the department’s goals.
• ·
• Promote
• a collaborative working environment, encouraging ongoing professional
• development and continuous improvement of the finance team.
• ·
• Conduct
• performance reviews and provide constructive feedback to staff, ensuring that
• targets and expectations are met and that the team’s performance is aligned
• with the hospital's objectives.
• Hospital
• Operations Support:
• ·
• Provide
• financial expertise to hospital department heads, helping them manage costs,
• analyze budget adherence, and make data-driven decisions regarding operational
• efficiency.
• ·
• Advise
• on the financial implications of decisions in areas such as procurement,
• staffing, and service delivery.
• ·
• Monitor
• the financial impact of patient care activities, including patient billing,
• insurance reimbursements, and pricing strategies for medical services.
• External
• Stakeholder Management:
• ·
• Establish
• and maintain strong relationships with external financial stakeholders,
• including banks, auditors, tax authorities, and regulatory bodies.
• ·
• Liaise
• with insurance companies and government bodies on matters related to
• reimbursements, claims, and financial settlements.
• ·
• Oversee
• the management of hospital contracts with suppliers and service providers,
• ensuring that terms are favourable and payment terms are met.
• Technology
• & Systems Management:
• ·
• Ensure
• that financial systems (e.g., ERP, accounting software) are up-to-date and
• effectively support hospital operations.
• ·
• Lead
• initiatives for system upgrades or replacements, ensuring that financial
• reporting and accounting processes are efficient and aligned with best
• practices.
• ·
• Ensure
• data security, accuracy, and confidentiality in financial systems, protecting
• the hospital’s sensitive financial information.
• KEY REQUIREMENT SKILLS AND
• QUALIFICATION
• ·
• Degree in Finance,
• Accounting, or related field, CPA K
• ·
• Minimum of 8 years
• of

Responsibilities

• Financial Reporting &
• Analysis:
• ·
• Prepare
• accurate and timely monthly, quarterly, and annual financial statements in
• compliance with local accounting standards (IFRS/Kenya Accounting Standards).
• ·
• Analyze
• financial performance and provide detailed insights to senior management
• regarding financial trends, variances from budget, and operational performance.
• ·
• Prepare
• detailed financial reports, including balance sheets, income statements, and
• cash flow statements, ensuring these reflect the true financial position of the
• hospital.
• ·
• Provide
• detailed explanations for variances in budget versus actual performance,
• identifying areas for potential cost savings or revenue enhancement.
• Budgeting
• & Forecasting:
• ·
• Lead
• the annual budgeting process, working closely with department heads to develop
• realistic and accurate departmental budgets aligned with the hospital's goals.
• ·
• Review
• and monitor monthly budget performance, ensuring that departments are within
• budget and that corrective actions are taken where necessary.
• ·
• Conduct
• regular financial forecasting to project future financial performance,
• adjusting budgets as required based on changes in hospital operations or
• external factors.
• Cash
• Flow & Working Capital Management:
• ·
• Ensure
• effective management of the hospital’s cash flow, ensuring that there is
• sufficient liquidity to meet day-to-day operational needs and long-term
• investment goals.
• ·
• Oversee
• the management of accounts receivable and payable, ensuring the timely
• collection of outstanding debts and the timely payment of hospital expenses.
• ·
• Monitor
• cash position daily and forecast future cash