Fund Management & Budgeting

Prepares Monthly Periodical & Annual Financial Statements. Ensures that all the General Ledger accounts are reconciled Balance confirmations obtained Inter Company Accounts cleared and Balance Sheet Schedules maintained.
Introduces Cost Ledger & Cost Accounting System for the Hospital; Cost classification in terms of Fixed/ Variable Direct/ Indirect Cost Analysis Service Costing identifies the wastages & advises Management on Cost Reduction strategies.
Deals with Foreign Currency translations procurement of best rates and identifies the Cash Resources of the Hospital
Maintains sufficient balance in current account and channelizes surplus in short term deposits.
Stands responsible for approving the preparation and release of Cheques.
Deals with Treasury management; plans for payroll funds from the beginning of each month and daytoday cash management
Defines and controls the Pricing of Services/ Package advises the Finance Manager & CFO on various Pricing Strategies.
Conducts Project Feasibility studies with the objective of investing the Group resources profitably; identifies new investment opportunities conducts Project appraisals & analysis.
Prepares Strategic Budgets for the Hospital Budget negotiation approval communication implementation & initiates extensive Budgetary Control through the system.
Supports Finance Manager in preparation of business plan budget & reviews.
Compiles statistical financial accounts/ audit reports and tables pertaining to matters such as cash receipts expenditures accounts payable and receivable and profits & losses
Prepares Profitability Analysis Statistical Analysis Capacity Utilization Analysis etc. and conducts various Ratio Analysis to analyze and appraise Hospital performance.
Prepares reports on :

Monthly/ periodical P & L Account Balance Sheet Cash Flow Statement.
Statement of Shareholders Equity.
Bank Reconciliation Statements.
Monthly Management Reports.
Cash Forecasts/ 3 months period/ 12 months period/ 36 months period.
Divisional/ Departmental Performance Report on a Monthly Basis.
Five Years Projections & forecasts for Financial Statements.
Reports assigned by Finance Manager & CFO from time to time.

Familiarizes with the product functionality.
Plans schedules and oversees major software upgrades new releases and installation of related software applications.
Develops documentation and training for end users on how to effectively use financial management system features and related applications.
Access control of various users review and management
Liaisons with the Banks to deal with banking issues.
Keeps track of the new services provided by the bank and maintains Internet banking accounts.
Liaisons with other function managers to put the finance view in context.
Handles Financial Liaisons with related parties & performs monthly Inter Company Current Account Reconciliations
Manages Employee Incentive computation and processes payment. Participates in New Incentive scheme implementation.
Attends Statutory Audits Quarterly Audit reviews and complies with the Audit requirements.
Develops various Accounting Policies & Procedures and Accounting Manual in accordance with the Internal Management rules & International Accounting Standards.
Prepares Price List
Maintains records of all price list updates
Performs other related duties as assigned or requested by Finance Manager & CFO from time to time.

Skills:

EDUCATION: Bachelor of Commerce (major in Accounting/ Costing) with recognized Finance/ Accounting Professional Certificate. Chartered Accountant (Inter) preferred.

EXPERIENCE: Preferably 7 years experience in Finance field with extensive knowledge of Financial systems processes procedures & International Accounting Standards (IAS)

OTHER SKILLS:

Technical: Knowledge of Financial Planning & Budgeting Cost Accounting and Analysis.

Administrative Skills : Statistics compilation and Analysis; Decision Making Competencies Reporting Negotiation and Presentation skills and Critical Thinking

Soft Skills: Excellent Communication and InterPersonal skills.

Computer Skills: MS Office (Word Excel Outlook) and internet. Excellent knowledge of accounting software principles

Language Skills: Expertise in written and spoken English.

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SR MANAGEMENT ACCOUNTANT - New Mowasat Hospital