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

REF: NHIF/DFS/003/23

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 Chief Executive Officer and the Board on effective strategies for minimizing tax liability;
• Interpret financial reports, statements, accounting records and advice the CHIEF EXECUTIVE OFFICER 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 competencies

• 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.

Person Specifications

For appointment to this grade, an officer must have:-

• At least fifteen (15) years’ work experience five (5) of which should be in Senior management;
• Masters degree in Business Administration (MBA) or related field from a recognized Institution;
• Bachelors degree from a recognized Institution;
• Certified Public Accountant CPA (K) or ACCA (UK) or equivalent qualification;
• Membership to ICPAK or relevant professional body;
• Leadership and Management course lasting for not less than 4 weeks from a recognized Institution;
• Fulfill of the requirement of chapter 6 of the constitution.