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Head of Finance - Healthcare

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Job Description - Head of Finance - Healthcare

Job Summary:
The
Head of Finance will oversee and manage all financial aspects of the hospital,
ensuring effective financial planning, budgeting, reporting, compliance, and
strategic financial management. This leadership role involves working closely
with senior management to drive financial health, optimize resource allocation,
and contribute to the long-term success of the medical facility. The Head of
Finance will be responsible for developing financial strategies that align with
the hospital's goals while maintaining regulatory compliance and managing risk.

Key Responsibilities:

  1. Lead
    the finance department and oversee all financial planning, budgeting, and
    accounting functions of the hospital.

  2. Ensure
    accurate financial reporting, compliance with financial regulations, and
    proper management of hospital funds.

  3. Develop
    and implement financial policies, controls, and procedures to safeguard
    the hospital’s assets.

  4. Collaborate
    with management to provide financial insights and support strategic
    decision-making.

  5. Develop
    financial models to support decision-making and strategic planning.

  6. Oversee
    cash flow management and optimize financial liquidity.

  7. Conduct
    regular financial risk assessments and implement mitigation strategies.

  8. Supervise
    billing and collections to ensure timely payments.

  9. Prepare
    comprehensive financial reports for stakeholders.

  10. Coordinate
    with external auditors to ensure compliance with regulations.

  11. Manage
    cash flow, accounts receivable, accounts payable, and financial risk
    management.



Requirements

Educational Qualifications:

  • Bachelor’s degree in Accounting is
    required.

  • Master’s degree in Accounting, Business
    Administration, or a related field.

  • Preferred: MBA (Master of Business
    Administration) with a focus in finance or healthcare management.

Certifications and Licenses:

  • Certified Public Accountant (CPA) or
    equivalent professional accounting qualification.

  • Certified Management Accountant (CMA) or
    Chartered Financial Analyst (CFA) may be an advantage.

  • Healthcare financial management
    certifications such as Certified Healthcare Financial Professional (CHFP)
    from the Healthcare Financial Management Association (HFMA).

 

Experience:

·        
At least 10 years of progressive experience in accounting, with at least 5
years in a senior leadership role within the healthcare sector (hospital or
medical facility).

·        
Extensive experience in budgeting, financial forecasting, and reporting.

Proven track record of strategic
financial management in a complex healthcare setting.

Skills:

·        
Strong knowledge of financial modelling, reporting, and analysis.

·        
Proficiency with financial software (e.g., SAP, Oracle, QuickBooks, or
healthcare-specific systems).

·        
Exceptional understanding of healthcare finance, regulations, billing systems,
reimbursement processes, and cost structures.

·        
Excellent leadership, communication, and interpersonal skills.

·        
Strong analytical, problem-solving, and decision-making abilities.

·        
In-depth knowledge of healthcare regulations, compliance standards, and
financial governance.

Ability to manage large,
cross-functional teams and collaborate with senior executives.



Benefits

Salary – N400,000-
N500,000

Other Benefits:

·         Relocation support can be discussed. 
Health and pension cover.

Leave allowance

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