Head of Finance📣 Job Ad

About the Role

National Medical Care is seeking a highly experienced and strategic Head of Finance to lead its finance departments across all Business Units. This pivotal role is responsible for ensuring the accurate and timely recording of all company transactions in compliance with established policies and procedures. The Head of Finance will play a critical role in financial planning, reporting, and strategic decision-making, reporting directly to the CFO. This full-time position is based in Riyadh, Saudi Arabia.

Key Responsibilities

• Implement and maintain robust processes and controls to ensure all financial transactions are recorded accurately, in a timely manner, and in full compliance with company policies and procedures.
• Oversee and manage the monthly, quarterly, and annual financial closing processes.
• Ensure adherence to financial reporting deadlines through the implementation of appropriate processes and controls.
• Manage and oversee all taxation affairs of the Company, including liaising with tax consultants and ensuring compliance with all applicable taxation laws.
• Prepare monthly 3-month cash flow forecasts to support financial planning and operational needs.
• Provide accurate and timely financial data to the senior leadership team to facilitate critical business decisions.
• Manage the Company's banking and borrowing arrangements, ensuring compliance with all covenants.
• Oversee and manage the Company's financial systems.
• Lead the recruitment, training, mentoring, and development of finance staff.
• Supervise and direct the functions of Accounts Payable, Accounts Receivable, Tax, Payroll, and Financial and Management Accounting across all Business Units.
• Manage and track budget and accounting information, including billing, collections, and tax information.
• Review all formal finance-related policies and procedures, ensuring they are kept up-to-date and relevant.

Qualifications and Requirements

• A Master or Bachelor's Degree in Accounting or Finance is required.
• Possession of a professional accounting certification such as CA, CPA, or ACCA is required.
• A minimum of 10 years of accounting experience is required.
• Direct experience in general Hospital Finance & Accounting is essential.
• A minimum of 5 years of management experience is required.
• Experience in healthcare provider business office operations, particularly in billing and collections, is preferred.

Required Skills

• Technical Expertise: Understanding of the healthcare industry, including knowledge of healthcare terms and accounts receivable processes.
• Leadership: Ability to guide individuals and groups toward desired outcomes, setting high performance standards and delivering leading quality services.
• Tactical Execution: Overseeing the development, deployment, and direction of complex programs and processes.
• Financial Management: Application of tools and processes to successfully manage to budget.
• Organization: Proactively prioritizing needs and effectively managing resources.
• Communication: Clear and concise verbal and written communication.
• Customer Orientation: Establishing and maintaining long-term customer relationships, building trust and respect by consistently meeting and exceeding expectations.
• Interpersonal Skills: Ability to work effectively with other employees, patients, and external parties.
• Policies & Procedures: Knowledge and understanding of organizational policies, procedures, and systems.
• Basic Skills: Ability to organize, perform, and track multiple tasks accurately in short timeframes; work quickly and accurately in a fast-paced environment while managing multiple demands; work both independently and collaboratively; adaptability; analytical and problem-solving ability; attention to detail; ability to perform basic mathematical calculations, balance and reconcile figures, punctuate properly, spell correctly, and transcribe accurately.
• Financial Management
• Accounting
• Auditing
• Attention to Detail
• Cash Flow
• Management Accounting
• Account Reconciliation
• Analytical Skills
• Mathematics
• Policies & Procedures
• Problem Solving

Work Environment and Details

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within the Hospitals and Health Care, Financial Services, and Accounting industries, with primary job functions in Finance and Accounting/Auditing. The seniority level for this position is Director. The company is National Medical Care.