Chief Financial Officer

at  Dar Al Shifa Hospital

EDUCATION

Bachelor’s degree in Accounting, Professional certification CPA or CFA or CMA

EXPERIENCE

At least 4 years of experience that is directly related to the duties and responsibilities specified.

PURPOSE AND SCOPE OF THE JOB

Under limited supervision of direct reporting authority, directs, coordinates and administers the financial and accounting services of the hospital components and its clinical programs, to include all fiscal affairs, information systems, patient registration and admissions, medical records, utilization management and other associated functions as assigned, in alignment with vision, mission and values of the hospital.

MAIN DUTIES AND RESPONSIBILITIES/PERFORMANCE STANDARDS

1
Oversees and directs treasury, budgeting, audit, accounting, insurance activities of the hospital.
2
Directs and co-ordinates the establishment of budgeting programs.
3
Analyzes, consolidates the hospital financial position and issue periodic financial and operating reports.
4
Designs and implements financial systems and policies to identify and control the income and expenditures occurring within the components and to protect hospital assets.
5
Consults with and advises hospital managers regarding financial matters and in the interpretation of strategic financial data and corrective/responsive action plans.
6
Oversees, directs and co-ordinates the hospital financial statement and the annual report to the owners and major shareholders.
7
Plans strategies, directs and administers those hospital activities concerned with general business operations, accounting, statistical reporting, information systems, patient registration and admissions, patient financial services, medical records and utilization management.
8
Oversees the collection, analysis and reporting of clinical, financial and other administrative data; review, interpret, analyze and communicate financial data to hospital’s senior management and the Board of Directors.
9
Develops and manages annual budgets for hospital and perform periodic cost and productivity analysis.
10
Monitors and advises regarding reimbursement rates/methodology and cost accounting.
11
Designs systems to ensure effective clinical utilization management, to include prior approval, continued and prospective review.
12
Assesses and interprets the information needs of the hospital against current and emerging information technology capabilities; continually evaluate the information management service and respond to changing needs.
13
Oversees the preparation and timely filing of the hospital, third parties and other financial reports as required.
14
Assesses the financial implications of various administrative policies, proposed capital projects and new programs; participate in the development of business plans for proposed programs and services.
15
Oversees and monitors performance of assigned departments to ensure compliance hospital’s policy and operating standards.
16
Provides coordination and serve as liaison with other components of the hospital with respect to assigned departments.
17
Performs miscellaneous job-related duties as assigned.
18
Establishes realistic and challenging operational goals/ objectives, prioritizes well, projects needs and resources, anticipates problems and implements plans, overall leading to highly performing unit/ department.
19
Exercises effective control over subordinates to achieve objectives set; appraises objectively, provides apt feedback, coaches, provides positive reinforcement and recognition appropriately; resolves conflicts
20
Coordinates effectively with other services/ disciplines and in a systematic manner
21
Ensures staffs are trained based on identified training needs and measures outcomes / objectives met. Pays careful attention to staff potential and facilitates career path.