23 July, 2024

Full time

Fund Management & Budgeting

• Prepares Monthly, Periodical & Annual Financial Statements. Ensures that all the General Ledger accounts are reconciled, Balance confirmations obtained, Inter Company Accounts cleared and Balance Sheet Schedules maintained.
• Introduces Cost Ledger & Cost Accounting System for the Hospital; Cost classification in terms of Fixed/ Variable, Direct/ Indirect, Cost Analysis, Service Costing, identifies the wastages & advises Management on Cost Reduction strategies.
• Deals with Foreign Currency translations, procurement of best rates and identifies the Cash Resources of the Hospital
• Maintains sufficient balance in current account and channelizes surplus in short term deposits.
• Stands responsible for approving the preparation and release of Cheques.
• Deals with Treasury management; plans for payroll funds from the beginning of each month and day-to-day cash management
• Defines and controls the Pricing of Services/ Package, advises the Finance Manager & CFO on various Pricing Strategies.
• Conducts Project Feasibility studies with the objective of investing the Group resources profitably; identifies new investment opportunities, conducts Project appraisals & analysis.
• Prepares Strategic Budgets for the Hospital, Budget negotiation, approval, communication, implementation & initiates extensive Budgetary Control through the system.
• Supports Finance Manager in preparation of business plan, budget & reviews.
  
  

Management Reports

• Compiles statistical, financial, accounts/ audit reports and tables pertaining to matters such as cash receipts, expenditures, accounts payable and receivable, and profits & losses
• Prepares Profitability Analysis, Statistical Analysis, Capacity Utilization Analysis etc., and conducts various Ratio Analysis to analyze and appraise Hospital performance.
• Prepares reports on :
• Statement of Shareholders Equity.
• Bank Reconciliation Statements.
• Monthly Management Reports.
• Cash Forecasts/ 3 months period/ 12 months period/ 36 months period.
• Divisional/ Departmental Performance Report on a Monthly Basis.
• Five Years Projections & forecasts for Financial Statements.
• Reports assigned by Finance Manager & CFO from time to time.
  
  

Financial System Application

• Familiarizes with the product functionality.
• Plans, schedules and oversees major software upgrades, new releases, and installation of related software applications.
• Develops documentation and training for end users on how to effectively use financial management system features and related applications.
• Access control of various users review and management
  
  

Liaising

• Liaisons with the Banks to deal with banking issues.
• Keeps track of the new services provided by the bank and maintains Internet banking accounts.
• Liaisons with other function managers to put the finance view in context.
• Handles Financial Liaisons with related parties & performs monthly Inter Company Current Account Reconciliations
  
  

Other Duties

• Manages Employee Incentive computation and processes payment. Participates in New Incentive scheme implementation.
• Attends Statutory Audits, Quarterly Audit reviews and complies with the Audit requirements.
• Develops various Accounting Policies & Procedures and Accounting Manual in accordance with the Internal Management rules & International Accounting Standards.
• Prepares Price List
• Maintains records of all price list updates
• Performs other related duties as assigned or requested by Finance Manager & CFO from time to time.
  
  

KEY CONTACTS

INTERNAL:

• HR Department Staff/Managers
• Physicians & Visiting Doctors
• Other NMH Employees
  
  

EXTERNAL:

• Banks/ Agencies
  
  

Job Requirements

Education :

Bachelor of Commerce (major in Accounting/ Costing) with recognized Finance/ Accounting Professional Certificate. Chartered Accountant (Inter) preferred

Experience :

Preferably 7 years experience in Finance field with extensive knowledge of Financial systems, processes, procedures & International Accounting Standards (IAS)

OTHER SKILLS:

Technical: Knowledge of Financial Planning & Budgeting, Cost Accounting and Analysis.

Administrative Skills: Statistics compilation and Analysis; Decision Making Competencies, Reporting, Negotiation and Presentation skills and Critical Thinking

Computer Skills: MS Office (Word, Excel, Outlook) and internet. Excellent knowledge of accounting software principles

soft Skills: Excellent Communication and Inter-Personal skills

Language Skills: Expertise in written and spoken English

Normally works in an air conditioned office, in neat and pleasant surroundings. May involve long periods of sitting; telephone and in front of a computer screen; intermittently twist to reach equipment or supplies surrounding desk; perform simple grasping and fine manipulation; use telephone and computer keyboard on a daily basis. Involves working with employees across a broad spectrum of levels and job categories. Involves working under pressure to meet deadlines and may be requested to work overtime and during weekends.

Job Category: Administration

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