Chief Financial Officer (Healthcare Hospitals / Long Term Care)

Chief Financial Officer, Healthcare

Lobo Management is seeking a Chief Financial Officer for an established healthcare provider in Riyadh, Saudi Arabia. This full-time role involves leading the financial strategy, operations, and performance for a provider specializing in non-acute and long-term healthcare services, including rehabilitation, long-term mechanical ventilation, renal dialysis, and mental health services.

Role Overview

Reporting directly to the CEO, the Chief Financial Officer will serve as a strategic business partner, ensuring profitability, liquidity, optimal capital structure, and long-term financial sustainability. The role oversees financial planning and analysis, accounting, revenue cycle management, treasury, lender relationships, taxation, financial controls, and performance optimization. This position also leads the financial workstream for organizational growth initiatives, including evaluating new healthcare facilities, capital investments, development projects, and financing arrangements.

Key Responsibilities

• Develop and implement the hospital's financial strategy in alignment with operational objectives and long-term business plans.
• Lead annual budgeting, financial forecasting, long-term financial planning, and financial performance reviews; present results to the Board and Audit Committee.
• Partner with the CEO and senior management to identify opportunities for improving profitability, operational efficiency, and financial sustainability.
• Provide strategic financial advice on business performance, resource allocation, investments, and commercial decisions.
• Develop and monitor financial and operational KPIs, providing actionable analysis and recommendations.
• Establish effective financial controls, cost allocation methodologies, and performance reporting across hospital departments.
• Manage working capital, liquidity, and cash flow forecasting to ensure appropriate financial resources.
• Oversee financial accounting, statutory reporting, financial governance, and internal controls in accordance with IFRS.
• Lead annual external audits, coordinate with auditors, and ensure timely submission of statutory financial statements and regulatory filings.
• Support the CEO in evaluating business expansion opportunities, including new hospitals and healthcare facilities.
• Lead or contribute to financial feasibility studies, investment appraisals, and business cases for new healthcare projects.
• Oversee capital expenditure planning, budgeting, and financial monitoring for hospital infrastructure and development projects.
• Evaluate potential financing structures and funding requirements for capital investments and expansion initiatives.
• Oversee treasury operations, cash flow management, liquidity planning, and financial risk management.
• Oversee the effective integration and utilization of Hospital Information Systems (HIS), ERP platforms, patient billing systems, and revenue cycle management technologies.
• Drive automation, financial reporting improvements, and data-driven decision-making through digital tools.
• Lead, manage, and develop the hospital's finance function, ensuring strong financial controls and operational effectiveness.

Candidate Requirements

• Bachelor's degree in Finance, Accounting, or a related discipline. Professional qualifications such as CA, ACCA, CPA, or CMA are preferred.
• Over 10 years of progressive finance experience, including senior financial leadership within hospitals or healthcare organizations.
• Proven experience within long-term care, rehabilitation, post-acute care, or specialist healthcare facilities.
• Sound knowledge of Saudi Arabian financial reporting, statutory audit, taxation, and regulatory requirements.
• Demonstrated experience in banking relationships, treasury management, and corporate financing.
• Strong experience in hospital financial management, budgeting, financial planning, revenue cycle management, treasury, and financial controls.
• Exposure to capital expenditure planning, investment appraisals, financial feasibility studies, and development projects.
• Experience supporting hospital expansion, greenfield healthcare developments, or major capital investment projects is an advantage.
• Strong proficiency in healthcare information systems, ERP platforms, billing systems, and financial reporting technologies.
• Commercially astute, analytical, and capable of partnering with clinical and operational leadership to improve business performance.
• Strong leadership, communication, and stakeholder management capabilities.

Work Environment

This role is based in Riyadh, Saudi Arabia, and operates on a full-time basis within a healthcare provider focused on specialized non-acute and long-term care services.