Costing Manager

About the Role of Costing Manager

Fakeeh Care Group is seeking a Costing Manager to lead the costing and profitability analysis of services, departments, and products across its operations. This full-time position is based in Makkah, with responsibilities spanning both Jeddah and Makkah. The role is central to ensuring accurate cost allocation, developing service line profitability reports, and supporting management in strategic pricing, cost optimization, and decision-making.

Key Responsibilities

• Develop, maintain, and update activity-based costing (ABC) and patient-level cost models in alignment with Group methodology.
• Conduct costing of services, packages, and medical procedures, ensuring accurate allocation of direct and indirect costs.
• Analyze cost trends across hospitals, service lines, and specialties, identifying areas for improvement.
• Evaluate cost per patient, doctor, and department, ensuring consistent methodology and transparency.
• Support the Group Director in preparing cost vs. reimbursement analyses, comparing actual costs against insurance tariffs and self-pay rates.
• Perform periodic reviews of cost drivers to identify inefficiencies and recommend corrective actions.
• Conduct profitability analysis by consultant, specialty, payer (insurance/cash), and facility to support pricing and performance improvement decisions.
• Collaborate with Revenue Cycle, Operations, and Clinical teams to validate revenue and cost data used in profitability reporting.
• Prepare periodic profitability dashboards and reports, summarizing service line performance for Group Finance and hospital management.
• Support the Director in identifying and tracking cost optimization initiatives, ensuring delivery of financial improvement targets.
• Assist in the development of KPIs and benchmarks for cost efficiency and profitability at hospital and departmental levels.
• Prepare financial feasibility studies and business cases for new services, medical programs, and projects.
• Conduct scenario and sensitivity analyses to evaluate the financial impact of new investments or pricing changes.
• Provide detailed financial insights to support strategic decisions related to expansion, pricing, and resource allocation.
• Assist in building ROI and payback models for capital investments and strategic initiatives.
• Support the integration of costing and profitability tools within the Group's ERP (Oracle/SAP) and BI platforms (Power BI, Hyperion).
• Maintain accurate data interfaces between financial, clinical, and operational systems.
• Ensure costing and profitability data are timely, accurate, and aligned with Group reporting timelines.
• Ensure all costing and profitability processes comply with Group policies, IFRS, SOCPA, and CMA/Tadawul requirements.
• Support internal and external audits by preparing necessary documentation and reconciliations.
• Work closely with hospital finance teams to train and guide them on costing and profitability tools and methodologies.
• Perform other duties as assigned within the scope of the job.

Required Qualifications and Experience

• A minimum of 5 to 10 years of relevant experience in costing and profitability analysis.
• Demonstrated ability to develop and implement activity-based costing (ABC) models.
• Experience with ERP systems such as Oracle/SAP and BI platforms like Power BI or Hyperion.
• Strong analytical skills and attention to detail.

Work Environment and Location

This is a full-time position within the Fakeeh Care Group, primarily located in Makkah, with responsibilities extending to Jeddah. The role involves collaboration with various internal teams including Revenue Cycle, Operations, and Clinical departments, as well as hospital finance teams.