Job holder is responsible for preparing financial effect analysis for expansion plans or for introduction of new services, co-ordinate 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.
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) are aligned to the ongoing strategic priorities.
Produces a variety of ad hoc reports as and when required by management to assist in management decision-making.
Assists in conducting bottoms-up costing exercise to determine cost of services rendered.
Facilitates and supports discussions / negotiations with 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 facilitate data driven price negotiations with sponsors and other stakeholders
Acts as primary finance point of contact on major expansion projects and tracks actual expenses against approved budget and reports back to the relevant workgroups and
committees.
Initiates, develops and tracks cost optimization plans in co-ordination with other Supply Chain and other relevant stakeholders
Collaborates and be an active member of taskforces / committees (such as Pharmaceutical brand selection taskforce, Tender evaluation committee etc.) and facilitate prudent financial decisions to maximize revenue and minimize cost
Develops, automates and maintains reports using BI tools such as Qlik sense and also provides necessary training to end uses on these reports
Manages to work closely with RCM team on Revenue enhancement initiatives
Oversees the financial and accounting policies for SSMC and have then updated on periodic basis
Manages and monitors a robust ICFR (Internal Control over Financial Reporting) framework of international standards and ensures controls have been adhered to and departures / control weakness reported
Manages to keep abreast of tax changes in the local environment and assess the potential impact of these changes on SSMC
Assists in implementation, Manages the maintenance and updating of the Financial accounting systems in order to keep pace with organizational changes and make recommendations on replacements where required.
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 the assigned tasks in a timely and reliable manner
Role-Specific Job Responsibilities
Liaises with the relevant stakeholders on costing and pricing of services
Provide training to team members of BI tools.
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
N.A.
Experience
Required
5-7 years of relevant progressive experience in a similar role
Desired
Experience in a large healthcare facility
Job description provided by Sheikh Shakhbout Medical City (SSMC).
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