Chief Financial Officer (CFO)

Job Summary: We are seeking an experienced and strategic Chief Financial Officer (CFO) to oversee the financial operations of our hospital. The CFO will be responsible for financial planning, budgeting, financial reporting, risk management, revenue optimization, and ensuring the hospital’s financial sustainability. The ideal candidate will possess strong leadership skills, extensive healthcare finance knowledge, and a proven track record of driving financial performance.

Key Responsibilities

Financial Strategy & Planning

• Develop and implement the hospital’s financial strategy in alignment with organizational goals.
• Lead annual budgeting, forecasting, and long-term financial planning processes.
• Provide financial insights and recommendations to the CEO and Board of Directors.
• Monitor financial performance and identify opportunities for growth and cost optimization.

Financial Management & Reporting

• Oversee the preparation and presentation of monthly, quarterly, and annual financial reports.
• Ensure accurate financial record-keeping and compliance with applicable accounting standards.
• Manage cash flow, working capital, and capital expenditure planning.
• Analyze financial data and provide actionable recommendations to improve profitability and efficiency.

Revenue Cycle & Cost Management

• Oversee billing, collections, insurance claims, and revenue cycle management.
• Develop strategies to improve revenue generation and reduce financial leakages.
• Monitor departmental budgets and ensure effective cost control measures.

Compliance, Risk & Governance

• Ensure compliance with healthcare regulations, financial laws, and tax requirements.
• Lead internal and external audit processes.
• Develop and maintain robust financial controls and risk management frameworks.
• Ensure adherence to corporate governance policies and procedures.

Leadership & Stakeholder Management

• Lead, mentor, and develop the finance team.
• Collaborate with department heads to support operational and strategic objectives.
• Build and maintain relationships with banks, auditors, regulatory bodies, and other stakeholders.
• Participate in executive leadership meetings and strategic decision-making.

Requirements

Education

• Bachelor’s degree in accounting, Finance, Economics, or a related field.
• MBA, master’s degree in finance, or related discipline is an added advantage.
• Professional certification such as ACA, ACCA, ICAN, CFA, or equivalent is required.

Experience

• Minimum of 15 years’ experience in a senior finance leadership role, preferably within a hospital, healthcare organization, or related sector.
• Proven experience in financial planning, budgeting, forecasting, and financial analysis.
• Experience managing audits, compliance, and risk management processes.
• Group Head, managing multiple locations
• Experience in managing Corporate Expansion and Corporate Financing.
• Past experience in corporate funding, to a level of not less than $20m, including appropriate application of such funds, as the CFO.
• Experience in Corporate investment of funds and resources

Skills & Competencies

• Strong knowledge of healthcare finance and hospital revenue cycle management.
• Excellent financial analysis and strategic planning skills.
• Strong leadership and team management abilities.
• Proficiency in financial management systems and Microsoft Office Suite.
• Excellent communication, negotiation, and stakeholder management skills.
• High level of integrity, professionalism, and attention to detail.

Key Performance Indicators (KPIs)

• Budget adherence and financial performance.
• Revenue growth and collection efficiency.
• Cash flow management effectiveness.
• Audit and regulatory compliance outcomes.
• Cost reduction and operational efficiency improvements.
• Timely and accurate financial reporting.