Chief Accountant at Bollard Consulting Limited

Job description:

• Our client in the Healthcare sector is currently recruiting for a Chief Accountant.
• The Job holder will be responsible for provision of strategic leadership and policy development on all finance functions in line with set business plans and objectives. This will include detailed financial analyses and strategic financial planning, working closely with the ED and finance department. S/he will be responsible for all aspects of financial budgeting & forecasting, business plans for new projects and business expansion, analysis of actual results and explaining variances.

Reports to: Executive Director

Key Responsibilities

Financial Strategy and Planning:

• Develop and implement financial strategies that support the hospital's goals and objectives.
• Oversee the preparation and approval of the annual budget and long-term financial plans.
• Provide financial insights and recommendations to the ED and the management team.

Financial Operations:

• Manage all financial operations, including accounting, billing, collections, payroll, and financial reporting.
• Ensure accurate and timely financial reporting in compliance with applicable laws and regulations.
• Oversee the preparation of monthly, quarterly, and annual financial statements.

Risk Management:

• Identify and manage financial risks, including those related to investments, contracts, and operational activities.
• Develop and implement internal controls to safeguard the hospital's assets.
• Ensure compliance with healthcare regulations and financial standards.

Leadership and Development:

• Lead and develop the finance, procurement and ICT teams, fostering a culture of accountability, continuous improvement, and professional growth.
• Collaborate with department heads to ensure financial alignment with operational goals.
• Represent the finance department in executive meetings and on various committees.

Financial Analysis and Reporting:

• Prepare for internal and external audits by providing accurate financial records, and address auditor findings by implementing recommended changes.
• Conduct financial analysis to support decision-making processes, including cost-benefit analyses, financial modeling, and feasibility studies.
• Monitor financial performance against budgets and benchmarks, identifying and addressing variances.
• Prepare and present financial reports to the board of directors and other stakeholders.

Capital Management:

• Oversee the management of the hospital's capital structure, including debt and equity financing.
• Manage relationships with banks, investors, and other financial institutions.
• Develop and implement strategies for effective cash flow management and investment.

Regulatory Compliance:

• Ensure compliance with all statutory and local regulations related to healthcare finance.
• Stay current with changes in healthcare regulations and adjust financial strategies accordingly.
• Oversee audits and coordinate responses to audit findings.

Operations Management:

• Oversee the hospital’s operational functions, ensuring efficient and effective service delivery.
• Work closely with the OM (Operations Manager) to align financial and operational strategies.
• Develop and implement operational policies and procedures to enhance productivity and service quality.

Administration:

• Manage administrative functions including procurement, contract management, and facilities management.
• Ensure that administrative processes support the overall goals and operations of the hospital.
• Optimize administrative workflows to improve efficiency and reduce costs.

Strategic Initiatives:

• Collaborate with the executive team to identify and implement strategic initiatives that enhance hospital performance and patient care.
• Lead special projects and initiatives as directed by the CEO.
• Any other duty as assigned by the supervisor in line with the job description.

Educational & Professional Qualifications:

• Bachelor’s degree in Finance/Economics/Accounting. A master’s degree would be an added advantage.
• 5 to 10 years’ relevant experience with more than 5 years’ at a senior level in a healthcare/FMCG/Hospitality/or education set up.
• Qualified CPA–K or ACCA
• CFA would be an added advantage
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK)

Technical Skills/Leadership Competencies

• Experience of evolving finance systems in a rapidly changing environment.
• Practical knowledge of working with and implementing ERP systems as well as Hospital Information Systems
• Proven leader, with strong managerial ability.
• Demonstrated ability to work cooperatively and strategically in a multicultural team environment with all levels of professional, technical and administrative staff.
• Excellent interpersonal, organizational and written and oral English communications skills with the ability to successfully represent the hospital internally and externally to a diverse mix of constituencies to further the mission of the organization.
• Highly responsive, ethical and responsible individual with a professional approach to business and a desire to be held accountable for results.
• Demonstrated capacity to interface and maintain effective relationships with all departments and employees.