Financial Director - Healthcare

Job Summary:


The Head of Finance will oversee and manage all financial aspects of the hospital, ensuring effective financial planning, budgeting, reporting, compliance, and strategic financial management. This leadership role involves working closely with senior management to drive financial health, optimize resource allocation, and contribute to the long-term success of the medical facility. The Head of Finance will be responsible for developing financial strategies that align with the hospital's goals while maintaining regulatory compliance and managing risk.


Key Responsibilities:


Lead the finance department and oversee all financial planning, budgeting, and accounting functions of the hospital.
Ensure accurate financial reporting, compliance with financial regulations, and proper management of hospital funds.
Develop and implement financial policies, controls, and procedures to safeguard the hospital’s assets.
Collaborate with management to provide financial insights and support strategic decision-making.
Develop financial models to support decision-making and strategic planning.
Oversee cash flow management and optimize financial liquidity.
Conduct regular financial risk assessments and implement mitigation strategies.
Supervise billing and collections to ensure timely payments.
Prepare comprehensive financial reports for stakeholders.
Coordinate with external auditors to ensure compliance with regulations.
Manage cash flow, accounts receivable, accounts payable, and financial risk management.


Requirements

Educational Qualifications:


Bachelor’s degree in Accounting is required.
Master’s degree in Accounting, Business Administration, or a related field.
Preferred: MBA (Master of Business Administration) with a focus in finance or healthcare management.


Certifications and Licenses:


Certified Public Accountant (CPA) or equivalent professional accounting qualification.
Certified Management Accountant (CMA) or Chartered Financial Analyst (CFA) may be an advantage.
Healthcare financial management certifications such as Certified Healthcare Financial Professional (CHFP) from the Healthcare Financial Management Association (HFMA).


Experience:


At least 10 years of progressive experience in accounting, with at least 5 years in a senior leadership role within the healthcare sector (hospital or medical facility).
Extensive experience in budgeting, financial forecasting, and reporting.
Proven track record of strategic financial management in a complex healthcare setting.


Skills:


Strong knowledge of financial modelling, reporting, and analysis.
Proficiency with financial software (e.g., SAP, Oracle, QuickBooks, or healthcare-specific systems).
Exceptional understanding of healthcare finance, regulations, billing systems, reimbursement processes, and cost structures.
Excellent leadership, communication, and interpersonal skills.
Strong analytical, problem-solving, and decision-making abilities.
In-depth knowledge of healthcare regulations, compliance standards, and financial governance.



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