Director Finance at The Nairobi Hospital

REF: TNH/HRD/FD/12/2023

• The overall purpose of this job is to provide strategic leadership and management oversight in the finance division to ensure effective 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 the Hospital’s strategic objectives.

ROLES AND RESPONSIBILITIES

• Develop and ensure implementation of the finance strategy in line with the Hospital’s overall strategy.
• Demonstrate ownership of and communicate the finance division strategic direction and objectives to all staff.
• Develop and ensure implementation of the finance division’s annual work plans in line with the hospital’s strategic plan.
• Participate as a member of senior management in formulating corporate strategies, policies, plans and budgets and in monitoring the Hospital’s performance to ensure that the corporate objectives and targets are achieved.
• Oversee day to day operations in the finance division including allocation of duty roster, annual leave and enforce ethics and professional standards.
• Develop and ensure implementation of an appropriate financial policy framework to guide the financial decision making in terms of turnover, profit, costs and investment and forward planning in consultation with the CEO.
• Continuously review the finance policies and procedures to ensure compliance with the strategy and the present challenges.
• Co-ordinate and guide Senior Management and Heads of Departments in the preparation and evaluation of divisional/departmental annual budgets and consolidate the same in line with the corporate objectives
• Develop and ensure implementation of robust systems and procedures for monitoring performance against budget.
• Ensure proper maintenance of financial records to meet legal and tax requirements and to measure both the inputs and the outcomes of finance operations including provision of accounting services, management accounting and forecasting, budgeting and control systems.
• Develop and maintain strategic working relations relationships with key stakeholders for the finance division such as bankers, investment managers, pension advisers, auditors and key/leading corporate clients.
• Provide professional financial and corporate advice to Senior Management, the Board of Management and its Committees.
• Manage the Hospital’s cash flow and forecasting and treasury management operations.
• Oversee the preparation of accurate and up to date financial and management accounting information to facilitate the preparation of reliable reports, budgets, business plans and management decisions.
• Oversee 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.
• Oversee implementation of capital expenditure projects and asset acquisitions and ensure maintenance of an up-to-date assets register.
• Design and manage the implementation of effective front office systems for admission and discharge of patients, proper recording and billing, collection of all Hospital dues, and implementation of appropriate recovery measures on any outstanding debts.
• Ensure appropriate financial reporting at departmental and divisional levels and establish, monitor and report financial performance indicators to various levels of management and the Board of Management.
• Establish and maintain effective internal control systems and procedures.
• Prepare and submit all monthly, quarterly and annual reports.
• Prepare the finance division’s income and expenditure budget and monitor its implementation upon approval.
• Build, lead and motivate a competent finance management team that will in turn ensure that the division has the right people in the right places to sustainably support the delivery of accounting services at the Hospital; and
• Any other responsibilities that may be assigned to the job holder by the supervisor from time to time.

EDUCATION AND EXPERIENCE

• Master’s degree in Business Administration, Finance, Accounting, or any other business-related fields from a recognized institution.
• Bachelor’s degree in Business Administration, Economics, Finance or any other business-related fields from a recognized institution.
• Must be a qualified accountant with relevant professional qualifications such as Certified Public Accountant (CPA-K) or ACCA. Certified Internal Auditor (CIA), Certified Public Secretary (CPS), and Certified Information Systems Auditor (CISA) will be an added advantage.
• Minimum 12 years’ experience in audit and financial management gained in a highgrowth organization with 7 years at senior management level.

CORE COMPETENCIES
Technical & Behavioral competencies

• Proven track record of success facilitating progressive organizational change and development within a growing organization.
• Knowledge and understanding of computerized accounting systems preferably in multiuser/network environment.
• Excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills.
• Strong mentoring, coaching experience to a team with diverse levels of expertise.
• Entrepreneurial team player who can multitask.
• Superior management skills including the ability to influence and engage direct and indirect reports and peers.
• Exceptional written, oral, interpersonal, and presentation skills and ability to effectively interface with senior management.
• A strong visionary leader with exposure leading senior managers in environments with significant change.
• Ability to articulate and inculcate the organization’s mission, vision and values across all levels to the employees.
• Demonstrated ability to handle divisional budgets, resources, processes, projects and relationships.
• Thorough knowledge of the health care industry/sector and knowledge of regulatory requirements affecting the sector.
• Strategic relationship management skills.
• Strong analytical and problem-solving abilities.
• Results oriented with ability to deliver desired outcome.
• Ability to identify and respond to risk areas within the division.
• Effective people leadership and conflict resolution skills.
• Strong interpersonal skills including communication, persuasion, motivation, loyalty, and openness.
• Ability to translate and communicate biblical values / hospital ethics in personal life and professional life.
• Must be an honest person full of integrity in their personal conduct and handling of job responsibilities.