Summary
Date Posted: Tuesday, October 29 2024, Base Salary: Not Disclosed

JOB DETAILS:
King Faisal Hospital, Rwanda, “A center of excellence in health service provision, clinical education, and research”.
This is an exciting time for King Faisal Hospital, Rwanda as we embrace a new strategic direction.
The hospital has continued to grow due to its positive reputation for authentic compassionate health care and highly skilled medical practitioners, especially in specialized surgical and medical services.

EDUCATION AND EXPERIENCE
• He/she has a Bachelor’s degree in Finance, Accounting, or a related field
• Professional certification (e.g., CPA, ACCA) is added advantage.
• At least 5-7 years of experience in finance or accounting, with a focus on •cost accounting, budgeting, and financial control.
• Experience in the healthcare sector or a similar industry is an advantage.
• Proven track record in financial reporting and budget management.

SKILLS AND ABILITIES
Technical Skills
• Strong understanding of cost accounting principles and financial controls.
• Proficiency in financial software and ERP systems, as well as MS Office (particularly Excel).
• Knowledge of IFRS and local tax regulations.
Soft Skills
• Strong analytical and problem-solving skills with attention to detail.
• Excellent communication and interpersonal skills for working with diverse teams.
• Ability to work under pressure and meet tight deadlines.
• High ethical standards and integrity in managing sensitive financial data.

Key Performance Indicators (KPIs)
• Accuracy of cost allocation and cost variance analysis.
• Timeliness and accuracy of budgeting and financial reporting.
• Effectiveness of financial control procedures.
• Adherence to internal and external compliance standards.
• Cost savings achieved through cost optimization and control measures.

KEY RESPONSIBILITIES
1. Cost Accounting
• Oversee the cost accounting system, ensuring accurate allocation of costs to hospital services, departments, and projects.
• Analyze cost structures and provide actionable insights to improve cost efficiency.
• Ensure costs are properly classified and recorded in accordance with hospital policies and accounting standards.
• Conduct regular cost variance analyses and recommend corrective actions where necessary.
• Collaborate with department heads to understand cost drivers and improve cost management.
2. Budgeting
• Lead the annual budgeting process, working closely with department heads and the Finance Director.
• Prepare, monitor, and update the hospital’s budget to ensure alignment with the overall strategic plan.
• Analyze budget variances and provide detailed reports with recommendations for adjustments.
• Develop forecasting models to assist with long-term financial planning and resource allocation.
• Ensure that the budgeting process is transparent and inclusive, engaging all relevant stakeholders.
3. Financial Control
• Implement and maintain robust financial control procedures to safeguard hospital assets and ensure compliance with regulatory requirements.
• Ensure that internal financial controls are effective, regularly updated, and audited.
• Oversee the preparation and maintenance of financial records in accordance with local and international accounting standards.
• Manage risk assessments and ensure that financial risks are mitigated through appropriate controls.
• Support the Finance Director in monitoring cash flow and working capital management.
4. Financial Reporting
• Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual reports.
• Oversee the preparation of key financial statements (income statement, balance sheet, and cash flow statement) and ensure their accuracy.
• Provide financial analysis reports to senior management to support decision-making.
• Ensure all reporting complies with IFRS and local tax and accounting regulations.
• Coordinate with external auditors during the annual audit and address any audit findings.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

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