Finance Manager (Medical Sector)

Job Description

• Develop comprehensive financial plans and forecasts in alignment with the hospital’s strategic objectives.
•  Analyze financial performance, identify areas for improvement, and implement strategies to optimize revenue and reduce costs.
•  Conduct regular financial assessments and risk analyses to support decision-making processes.
•  Lead the annual budgeting process and monitor budget adherence throughout the fiscal year.
•  Develop strategic cost control measures and efficiency initiatives to maximize financial resources.
•  Review and approve expenditures, ensuring compliance with budgetary constraints and financial policies.
  Financial Reporting and Compliance:
•  Prepare accurate and timely financial reports for internal stakeholders, management, and regulatory authorities.
•  Ensure compliance with accounting standards, tax regulations, and other legal requirements.
•  Coordinate external audits and liaise with auditors to address any audit findings or concerns.
  Cash Flow Management:
•  Manage cash flow effectively to meet operational needs and financial obligations.
•  Develop and implement cash flow forecasting models to optimize liquidity and mitigate financial risks.
•  Monitor banking activities and maintain relationships with financial institutions.
  Strategic Financial Leadership:
•  Provide strategic guidance and financial insights to support decision-making at the executive level.
•  Collaborate with senior management to develop and implement long-term financial strategies.
•  Evaluate investment opportunities, mergers, and acquisitions to support business growth and expansion.
  Team Leadership and Development:
•  Lead and mentor the finance team, fostering a culture of excellence, collaboration, and professional development.
•  Set clear performance goals and provide regular feedback to enhance team effectiveness.
•  Promote a culture of transparency, integrity, and accountability within the finance department.

•  Bachelor’s degree in Finance, Accounting, Business Administration, or related field. Master’s degree or certified accountant qualification preferred.
•  Proven experience (minimum 7-10 years) in financial management of health facilities in lower and mid-income countries, with at least 3 years in a senior managerial role.
•  Strong understanding of healthcare finance, reimbursement systems, and regulatory requirements.
•  Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
•  Solid knowledge of accounting principles, financial modeling, and budgeting techniques.
•  Demonstrated leadership abilities, with a track record of effectively managing teams and driving results.
•  Exceptional communication skills with the ability to present financial information clearly and persuasively.
• Proficiency in hospital management systems, financial software and Microsoft Office suite.
• Fluency in English; and Chinese is a plus.