Chief Financial Officer

The primary responsibility of the CFO is to prepare and implement financial strategy, policies and procedures, and financial controls framework in order to ensure the achievement of institution-wide financial objectives, controls, and financial stability. The person will ensure internal controls are effectively in place and functional. He/she will also ensure compliance with applicable rules and regulations. The incumbent will be leading Finance functions including Accounting and General Ledger, Financial/Management/Regulatory reporting, Forecast and Budgeting, Accounts Payable and Receivable, Annual/periodic audits facilitations, Taxation, Finance systems, Grants/Funds management, and Treasury. This job reports to the CEO and the incumbent shall function in accordance with the applicable policies and regulations.

B. Key Responsibilities:

1. As a member of senior management, CFO shall assist the CEO and the Board of Governors (BoG) in:
   • (a) Providing strategic direction to the institution through strategy formulation, decision making, forecast/budgeting, and its implementation/monitoring.
   • (b) Establishing and implementing internal controls and ensuring efficient and effective financial operations as per industry benchmarks.
2. Ensure that Financial and Accounting policies & procedures are in accordance with statutory regulations and global standards and comply with risk management and internal controls.
3. Take charge of Finance, Accounts, and Taxation matters. Ensure that all accounting records are properly and timely maintained, reporting cycles and other associated engagements are successfully performed in an effective and timely manner in accordance with the regulatory and organizational requirements.
4. Approve:
   • a. Periodic Financial Statements and monthly internal reports.
   • b. Financial Accounting System including Chart of Accounts and Account Codes.
   • c. All payments exceeding set materiality.
   • d. Payroll summary.
5. Finalize annual financial statements/periodic financial statements (where required), get them audited by External Auditors and place them before the Board of Governors for consideration and approval.
6. Prepare financial projections and budgets in line with the business plan and get these approved by senior management and the Board of Governors.
7. Ensure implementation of proper accounting systems for bookkeeping, operational support/MIS as per best industry practices.
8. Ensure maintaining effective relationships and coordination with key stakeholders including related entities, government bodies, etc.
9. Ensure the independence of the Board from financial operating matters.
10. Monitor the overall funding status, disbursements, repayment, and related reporting.
11. Coordinate with stakeholders for the arrangement and management of funds (including Grants).
12. Assist in training & resource development initiatives focusing on knowledge, skills, and attitudes for building capacities to deliver on present positions and build long-term capability to shoulder additional responsibilities.
13. Assist in implementing a Performance Management system to recognize and reward good performance and promote a culture of accountability and merit.
14. Create business value through technology, ensuring the tech systems and procedures lead to outcomes in line with institution goals. Ensure the availability of timely and reliable information in the organization through technology/digital platforms.
15. Develop and administer the following activities for the National Healthcare Center:
    • Financial reports both internal and external
    • Financial policies, procedures, and systems
    • Reimbursement strategies, reports, and appeals
    • Budgeting systems for both operating and capital budgets
    • Tax returns and tax planning
    • Financial analysis of new programs, acquisitions, and business development.
    • Patient financial services, including receivables management and patient admissions processes
    • Disbursements (payroll and accounts payable) processing
16. Ensure compliance with covenants incorporated in financing documents with banks/Govt.
17. Negotiate contracts and agreements with third parties for commercial aspects of the running of healthcare center and branches.
18. Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage FINANCE DEPT staff to ensure that a qualified staff exists to meet healthcare center objectives.
19. Work with the wider senior management team to interact with all stakeholders.
20. Perform any other task assigned by the CEO/Board.

Skills Required:

• Expert in the use of MS Office and financial management software (e.g., ORACLE, SAP).
• Leadership and coaching skills.
• Strategic management skills.
• Decision-making and problem-solving skills.
• Negotiation skills.
• Presentation, analytical, and writing skills.
• Experience/exposure to a large Furniture Manufacturer Company would be considered a major advantage.

Core Competencies:

• Teamwork
• Decision Making and Problem Solving
• Initiative and Change Driven
• Planning & Organizing
• Effective Communication