Finance Manager

Job Description

Operational Duties1.ÿÿÿEnsures that the Hospital?s Accounting records are maintained in accordance with the generally accepted Accounting practices, Hospital Policies and the laws of Kuwait.2.ÿÿÿReceivable Management ? Controls the Hospital Receivables; ensures that the Receivables are timely realized, Rejections and Bad Debts are minimized and Cash Flow is improved.3.ÿÿÿPayable Management - Controls the Accounts Payable and Payroll functions of the Hospital; ensures the timely & accurate payments to the Hospital Staff, Physicians, Vendors and other Stakeholders.4.ÿÿÿAsset Management - Ensures that the Hospital?s assets are accurately classified, transfers and disposals are recorded and Depreciations are adequately charged to the User departments.5.ÿÿÿInventory Management - Ensures that the Inventories are maintained at the Optimum level, Inventory costs are minimized and Inventory losses are eliminated.6.ÿÿÿCommunicates internally and externally to carry out the duties of the job and the functions of the Finance department.7.ÿÿÿEnsures that the integrity of the Accounting Records are monitored regularly and maintained.8.ÿÿÿManages the team under his supervision, conducts staff performance appraisals and meets the Accounting KPIs as set out by his/her direct supervisor.9.ÿÿÿParticipates in the Hospital?s Quality Improvement Programs and forums to enhance the Quality standards of the performance of the Department.Financial & Management Reporting 10.ÿFinancial Reporting - Issues monthly Financial Statements and Financial Analytical Reports within the target dates set by the Hospital Management.11.ÿManagement Accounts ? Issues the Periodical Management Accounts to all ÿthe department Heads, Variance Reporting, Budgets and Actual Analysis, and.12.ÿCosting and Pricing Management ? Develops a system of Cost Accounting and Cost Reporting, to ensure that the Hospital Services are adequately priced to recover the Cost and reasonable Margins.Purchase & Pharmacy Function13.ÿMember of Purchase / Pharmacy Committee14.ÿNegotiates contracts with suppliers in co-ordination with the purchase / pharmacy committee15.ÿProvides cost benefit analyses to substantiate decisions in product selection.16.ÿReviews the purchasing requests/ orders during the purchase / pharmacy committee meetings.17.ÿDirects the preparation and maintenance of department reports.ÿPrepares periodic reports for Hospital Director and CFO as required.18.ÿActs as an advisor/resource to the department with regard to supply, equipment and service needsGeneral Duties19.ÿEnsures that the personnel training and education criteria are met in order to maintain professional accounting qualifications with the appropriate accounting body.20.ÿCommunicates internally and externally as required to carry out the duties of the job and the functions of Accounting.21.ÿProvides on-going training and development to the subordinate staff.22.ÿMaintains the professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise23.ÿPerforms any other Accounting / Finance related duties, which may be assigned by the Hospital Management from time to time.

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