Require a Chief Financial Officer in Nairobi , Kenya
Job Summary
Financial Leadership
- Provide strategic financial leadership to the hospital.
- Advise Management and the Board on financial performance and business sustainability.
- Lead budgeting forecasting and financial planning processes.
- Ensure accurate and timely financial reporting.
Profitability and Business Performance Analysis
- Analyse the profitability of all hospital services and departments.
- Determine the true cost of providing services and compare this against revenue generated.
- Identify services contracts or insurance schemes that generate losses or low margins.
- Provide recommendations on service expansion pricing reviews outsourcing or discontinuation of unprofitable services.
- Analyse bed occupancy patient volumes and workforce costs against revenue performance.
Revenue Growth and Revenue Protection
- Drive initiatives aimed at increasing hospital revenue.
- Identify and eliminate revenue leakage across all departments.
- Ensure all services provided are accurately billed and collected.
- Establish controls to ensure charges cannot be altered without proper approval.
- Improve revenue capture across inpatient outpatient laboratory theatre pharmacy and other service areas.
Pricing and Commercial Strategy
- Conduct regular market analysis and pricing reviews.
- Benchmark hospital charges against competitors and market trends.
- Recommend pricing adjustments that support profitability while remaining competitive.
- Evaluate insurance contracts SHA packages and corporate arrangements to ensure financial viability.
Claims and Billing Management
- Strengthen SHA and insurance claim management processes.
- Minimize claim rejections and delayed reimbursements.
- Ensure timely submission follow-up and collection of claims.
- Improve billing accuracy and minimize billing disputes.
- Lead end-to-end optimization of SmartCare billing and revenue cycle processes.
Cash Flow and Credit Control
- Improve cash flow management across the hospital.
- Monitor debt collection from insurance companies corporates and other debtors.
- Minimize overdue receivables and improve collections.
- Ensure timely settlement of financial obligations while maintaining healthy cash reserves.
Procurement and Cost Control
- Strengthen procurement controls and approval processes.
- Ensure spending aligns with approved budgets.
- Promote value for money in all procurement activities.
- Support inventory and expenditure management initiatives.
Internal Controls Risk and Compliance
- Strengthen financial controls and accountability.
- Implement recommendations arising from internal and external audits.
- Maintain effective risk management systems.
- Ensure compliance with hospital policies statutory requirements and regulatory obligations.
Leadership and Team Development
- Lead and mentor the Finance Billing Claims Credit Control and Procurement teams.
- Build a culture of accountability integrity and continuous improvement.
- Bachelors Degree in Finance Accounting Commerce Economics or a related field.
- CPA(K) qualification and membership in good standing.
- Masters Degree will be an added advantage.
- At least eight (8) years of progressive finance experience with at least five (5) years in a senior leadership position.
- Experience in healthcare finance will be a strong advantage.
- Demonstrated experience in financial analysis budgeting cash flow management claims management pricing analysis and business performance evaluation.
- Strong understanding of SHA insurance claims revenue cycle management and hospital operations.
- Excellent analytical leadership and decision-making skills.
Required Skills:
Qualification: MBA/PGDM from reputed B-school. Experience: 20 years in corporate sales institutional leasing or real estate investment. Requirements: Proven success in closing large deals and strong industry networks. Remuneration will be commensurate with qualifications and experience.
Required Education:
MBA/ PGDM