afia Medical afia Medical

Head Of Finance

JOB DESCRIPTION

JOB TITLE : HEAD OF FINANCE

DEPARTMENT : FINANCE

REPORTING TO : CHIEF EXECUTIVE OFFICER

JOB SUMMARY

To provide strategic leadership in business and financial planning, monitoring, management, and reporting, including development of policies, systems, processes that would safeguard the financial resources and lead to attainment of set goals and objectives.

MAIN DUTIES AND RESPONSIBILITIES:

· Ensure working in close cooperation with the Chief Executive Officer that an appropriate financial policy framework is in place to guide the financial decision making in terms of clarity on turnover, profit, costs and investment and forward planning.

· Contribute to the preparation of the strategic plan including preparation of the annual budget and forecasts.

· Ensure formulation and implementation of departmental plans in line with the corporate objectives

· Maintain records to meet legal and tax requirements and to measure both the inputs and the outcomes of the operations including provision of accounting services for use by managers in planning and controlling the work of their departments, to cover financial accounting, management accounting, and forecasting, budgeting and control systems.

· Maintain contact with bankers, investment managers, pension advisers and auditors.

· Continually review the finance manuals and policy documents to ensure compliance with the strategy and the present challenges

· Provide professional financial and corporate advice to Heads of Departments, the Board and its Committees.

· Manage organizational cash flow and forecasting.

· Prepare accurate and up to date financial and management accounting information to facilitate the preparation of reliable reports, budgets, business plans and management decisions.

· Create and maintain good and effective working relations with banks, financial institutions, statutory bodies and key/leading corporate clients.

· Maintain effective cash flow and treasury management.

· Co-ordinate and guide Senior Management and Heads of Departments in the preparation and evaluation of departmental annual budgets and consolidate the same into a budget.

· Build in systems and procedures for monitoring performance against budget.

· Co-ordinate the preparation of management and financial information.

· Establish and maintain effective control systems for the preparation of monthly, quarterly and year end management and statutory accounts.

· Implement capital expenditure projects and asset acquisitions and maintain an up-to-date asset register.

· Design and manage the implementation of effective front office systems for admission and discharge of patients, proper recording and billing, collection of all monies due, and institution of appropriate recovery action on any outstanding debts.

· Ensure balanced processes and procedures are in place to maintain internal control and internal equity.

· Ensure appropriate financial reporting at departmental and all levels as well as establish, monitor and report performance indicators to various levels of management and the Board.

· Establish and maintain effective internal control systems and procedures.

KEY QUALIFICATIONS AND EXPERIENCE:

Master’s Degree
Bachelor of Commerce degree majoring in Accounting or its equivalent.

· Professional qualifications in ACCA, CIFA, CPA or any other recognized professional accounting qualification.

· Minimum 8 years’ experience, 5 of which should be in a senior management role ideally with both external audit and in-house financial management experience gained in a high-growth organization.

· Membership with Accredited Professional body