Manager - Finance

Operational Duties:

1. Ensures that the Hospital’s Accounting records are maintained in accordance with the generally accepted Accounting practices, Hospital Policies and the laws of Kuwait.
2. Receivable Management – Controls the Hospital Receivables; ensures that the Receivables are timely realized, Rejections and Bad Debts are minimized and Cash Flow is improved.
3. Payable 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. Asset 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. Inventory Management - Ensures that the Inventories are maintained at the Optimum level, Inventory costs are minimized and Inventory losses are eliminated.
6. Communicates internally and externally to carry out the duties of the job and the functions of the Finance department.
7. Ensures that the integrity of the Accounting Records are monitored regularly and maintained.
8. Manages the team under his supervision, conducts staff performance appraisals and meets the Accounting KPIs as set out by his/her direct supervisor.
9. Participates in the Hospital’s Quality Improvement Programs and forums to enhance the Quality standards of the performance of the Department.

Financial & Management Reporting :


10. Financial Reporting - Issues monthly Financial Statements and Financial Analytical Reports within the target dates set by the Hospital Management.
11. Management Accounts – Issues the Periodical Management Accounts to all the department Heads, Variance Reporting, Budgets and Actual Analysis
12. Costing 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 Function:

13. Member of Purchase / Pharmacy Committee
14. Negotiates contracts with suppliers in co-ordination with the purchase / pharmacy committee
15. Provides cost benefit analyses to substantiate decisions in product selection.
16. Reviews the purchasing requests/ orders during the purchase / pharmacy committee meetings.
17. Directs the preparation and maintenance of department reports. Prepares periodic reports for Hospital Director and CFO as required.
18. Acts as an advisor/resource to the department with regard to supply, equipment and service needs


General Duties:

19. Ensures that the personnel training and education criteria are met in order to maintain professional accounting qualifications with the appropriate accounting body.
20. Communicates internally and externally as required to carry out the duties of the job and the functions of Accounting.
21. Provides on-going training and development to the subordinate staff.
22. Maintains the professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise
23. Performs any other Accounting / Finance related duties, which may be assigned by the Hospital Management from time to time.