Director, Financial Services at National Hospital Insurance Fund (NHIF)

REF NO. NHIF/DFS/002/20

Reporting to the Chief Executive Officer. the successful candidate will establish. maintain and provide leadership on sound financial management to include budget. investments and liabilities.

JOB PROFILE

LEADERSHIP AND ADVISORY

• Lead and develop a team of finance professionals within the finance directorate.
• Lead in the development and management of the ERP finance and accounting system
• Oversight general program activities inventory management. staff advances, cash and bank management.
• Provide technical advice to management and staff on financial compliance of statutory and legal requirements.
• Oversee the interpretation and implementation of government policies in accordance with the PFM Act
• Lead and coordinate tax returns to ensure compliances. information reporting and other statutory requirements and advise the CEO and the Board on effective strategies for minimizing tax liability:
• Interpret financial reports. statements. accounting records and advice the CEO on the significance of the same.
• Oversee timely preparation of annual work plans and budget estimates.
• Lead in presenting proposed budgets to the Board. Treasury Officials and Donor Agencies as appropriate.

FINANCIAL POLICIES AND SYSTEMS

• Develop and install effective financial management systems and procedures to improve financial reporting and accounting in collection of member contributions.
• Establish stringent expenditure control ensuring that budgetary allocations are not exceeded without justifiable cause:
• Develop and implement computerized financial information systems to include general ledger, job costing and fixed assets management register.

FINANCIAL MONITORING AND TRACKING

• Prepare financial statements and other reports to summarize current and projected financial position including healthcare providers' account reconciliations.
• Monitor and track the utilization of capital and operational expenditure against approved plans.
• Coordinate and monitor the NHIF's investment of surplus funds and implement effective strategies for managing working capital and expenditure programs:
• Manage the cash flow and funding for smooth operations.

Key Competences

• Risk Management skills to understand the source of risk, evaluate and their mitigation.
• Ability to assess and facilitate change
• Takes critical and methodical approach when problem solving
• Leads others. manages resources and delegates effectively
• Methodical approach to problem-solving.
• Business skills to understand business operations and ethical issues
• Strong interpersonal and communication
• Stakeholder management.

The ideal candidate should possess the following:

• A Bachelors with a Master's Degree in any of the following fields: Accounting. Business. Finance, or Economics from a recognized university:
• A CPA (K). or ACCA (UK). or CFA and a member in good standing of a professional body.
• Minimum twelve (12) years' relevant work experience. four (4) of which is in a managerial role.
• Experienced in leading through coaching. mentoring a team of staff with a deep understanding of business operations in healthcare sector
• Ability to create and manage strong relationships with both internal and external customers