Chief Finance Officer at Deloitte Consulting

Our client, Jumuia Hospitals Limited, is a start-up business and an integrated healthcare initiative of the National Council of Churches of Kenya - a faith-based multicultural and multi-denominational Christian organisation. Jumuia Hospitals seeks to employ leading physicians and professionals to provide globally competitive healthcare facilities and quality healthcare services.

Jumuia Hospital Huruma (the Hospital) is seeking to recruit an agile, highly skilled, experienced and results oriented professionals, able to implement and quickly adopt turn around strategies and can report immediately to fill the following vacant post.

Overall Objective

Reporting to the Chief Executive Officer, the CFO will provide strategic leadership in business and financial planning, monitoring, management and reporting to support the attainment of corporate strategic goals and objectives.

Tasks and Responsibilities

• Develop a strategic financial plan and financial operating model for the Hospital;
• Provide leadership in finance and administrative aspects of the Hospital including overseeing areas of Accounting, Admitting/Registration, Patient Financial Services, Credit and Collection, Purchasing, Health Information Management, Payroll and Cashier and other related departments;
• Effective budgeting including financial evaluation of capex asset requirements and annual working capital budgets, prepare cash flow projections, arrange funding lines and maintain proper banking relations;
• Provide leadership in innovations to boost the revenues of the hospital in collaboration with other departments;
• Continuously manage and reduce non-essential costs without impacting the ability of the hospital to provide competitive services;
• Manage the internal control environment to prevent financial loss including an examination of insurance policies to ascertain that the Hospital assets are properly insured against loss and that the Hospital’s liability coverage is within acceptable thresholds;
• Maintain effective revenue cycle processes by keeping patient accounts receivable at an acceptable level consistent with sound credit and collection policies while maintaining good rapport with the community; identify problems and take remedial actions with relevant stakeholders in order to manage and minimize risks;
• Ensure accurate financial reporting and analysis:
  • Work with heads of departments to implement financial plans and productivity benchmarks, and monitor progress toward financial goals;
  • Prepare variance reports and financial analysis, report on business unit performance, identify problem areas and take remedial action on a timely basis;
  • Manage the general ledger close, people and processes to adhere to reporting deadlines;
  Effective governance and risk management by managing compliance with corporate compliance standards and regulatory requirements of all statutory bodies in relation to all company financial affairs;
• Manage relationships with the Hospitals lenders and other creditors and ensure finance costs are minimised;
• Champion initiatives to implement operational and financial reporting systems with the aim to automate the hospital process; and
• Develop and maintain relationships with various internal and external stakeholders.

Requirements

• Holder of a Master’s degree in Business, Finance, Economics, Healthcare Management or other related field from a recognised university;
• Possess a professional qualification - CPA/ACCA and have membership in a professional body;
• Have not less than ten (10) years’ relevant working experience of a solid financial management orientation in a senior finance role in a recognised corporate organisation and at least three (3) years as Head of Department in a busy FMCG or manufacturing concern with a large number of transactions. Health sector knowledge with good understanding of business dynamics of the industry will be an added advantage. Training and work experience in a top 4 accounting firm would be a definite advantage;
• Experience in group and segmented accounting ;
• Mastery of various accounting packages and accounting standards;
• Experience in procurement of goods and services with a good grasp of the various modes of procurement;
• Ability to design and implement an effective control environment;
• Ability to manage a large inventory;
• A good understanding of the mobilisation and management of resources in various currencies (including loans, grants and equity);
• Strong corporate planning and budgeting skills;
• Results oriented with an entrepreneurial and innovative approach to business and business solutions, project development, implementation and evaluation;
• Good leadership skills and experience in problem solving, negotiation and turnaround management;
• Highly developed analytical and reporting skills with excellent communication and presentation skills; and
• Effective working relationship with staff and other stakeholders.

Benefits

Shortlisted candidates will be required to submit the following documents: Valid Certificate of Good Conduct from the Directorate of Criminal Investigations; Clearance Certificate from the Higher Education Loans Board; Latest Tax Compliance Certificate from the Kenya Revenue Authority; Certified copy of duly completed First Schedule (S.13) Self Declaration form from Ethics and Anti-Corruption Commission (EACC); and Report from an Approved Credit Reference Bureau.