Kenyatta University Hospital - Chief Finance Officer Jobs in Kenya

Kenyatta University Hospital - Chief Finance Officer Jobs in Kenya


Kenyatta University Teaching, Referral & Research Hospital (KUTRRH) is seeking to recruit highly transformative and dynamic self-driven individuals with a high degree of integrity, result oriented, demonstrable professionalism, competence and impeccable capability to fill the following positions within its staff establishment:


Kenyatta University Hospital - Chief Finance Officer Jobs in Kenya

Chief Finance Officer - DFSPCFO/KUTRRH/4

1. Background Information


Organization: Kenyatta University Teaching Referral and Research Hospital

Department: Finance Strategy and Planning Section/Unit: None
Job Title: Chief Finance Officer
Reports to: Director of Finance Strategy & Planning (DFSP)
Direct Reports: Senior Accountant

2. Purpose of the Job

Reporting to the Director of Finance Strategy & Planning, the Chief Finance Officer administers, directs and monitors all hospital financial activities and keeps the CEO, and the Hospital Board of Directors informed of the financial condition of the facility.

3. Main Duties and Responsibilities of the Job

  • Provides proactive, sound guidance regarding management of assets and investments, and financial trends within the facility.
  • Works with department managers and patient care executives to implement financial plans and productivity benchmarks, and to monitor progress toward financial goals.
  • Is actively involved in KUTRRH approaches, corporate performance and the growth of a team-oriented culture.
  • In conjunction with the Director Finance Strategy & Planning, establishes a five -year strategic financial plan for the hospital as part of the hospital’s strategic planning process.
  • Employs a system of responsible accounting, including budget and internal
    controls.
  • Ensures that monthly financial statements and bi-weekly productivity reports are completed and distributed on a timely basis.
  • Ensures that all balance sheet accounts are reconciled on a monthly basis and a system of internal controls are in place to facilitate a clean audit opinion with no audit adjustments or internal control deficiencies noted.
  • Maintains effective revenue cycle processes to keep patient accounts receivable
    at an acceptable level and also increasing the hospital’s cash flow.
  • Maintains a thorough working knowledge of managed care reimbursement payment methodologies, including: contractual accounting, payment calculations, billing requirements and compliance issues.
  • Specific areas of responsibility include: patient financial services; maximizing
    cash flow consistent with sound credit and collection policies while maintaining good rapport with the community; financial reporting with detailed analysis of financial statements and variances from budget; audits of financial statements and internal controls; examination of insurance policies to ascertain that hospital assets are properly insured against loss and that the hospital’s liability coverage meets KUTRRH Financial policy requirements.
  • Monitors capital asset expenditures and depreciation; prepares annual operating budgets with input and involvement at the departmental level, as well as capital budgets and cash flow projections; arranges lines of credit and
    maintains proper banking relations; and adheres to KUTRRH corporate compliance standards and procedures.
  • Typically supervises the areas of Accounting, Admitting/Registration, Patient
    Financial Services, Credit and Collection, Purchasing, Health Information Management, Payroll and Cashier. May oversee other departments, as required at the individual hospital.
  • Keeps the KUTRRH team and CEO aware of all key financial developments.
  • Fulfills accountability for the hospital by submitting to KUTRRH all appropriate reports and functions as a cooperating member of a great team.
  • Ensures that hospital management fees are paid in accordance with the contract terms. Works closely with the DFSP, CEO to resolve any payment issues quickly.
  • Monitors hospital compliance within Public Finance Management Act, 2012 and its regulation.
  • Works closely with the KUTRRH Head of Procurement and Supply Chain Management to ensure compliance.
  • Assures renewal of the hospital management contract and works closely with the CEO, DFSP and staff to negotiate the renewal contract.

    4. Qualifications Knowledge and Skills:

    Minimum level of academic qualifications required to perform effectively in the role:]

  • Bachelor’s Degree in Commerce, Accounting, or related field from a recognized institution.
  • Masters in accounting or Business Administration preferred from a recognized
    institution.

    Minimum level of knowledge required for the job:
    a) Computer literacy
    b) Knowledge of business & management experience
    c) Knowledge of economic & accounting principles

    Professional qualifications required to effectively perform in the role:

    CPA, CMA, ACCA, CFA

    Soft skills required for the job:
    a) Communication skills
    b) Financial Accounting skills
    c) Cash management skills
    d) Leadership skills
    e) Problem solving skills
    f) Multi-Tasking skills
    g) Interpersonal skills
    h) Confidentiality skills
    i) Strategic Thinker

    5. Relevant Work Experience Required:

    Minimum number of years of experience the jobholder is required to have to be appointed to the position:

    At least seven years’ experience as a Chief Finance Officer coupled with hospital or
    related financial sector experience.



    The deadline for the receipt of all applications is Monday 5th August 2019

    If your background and competencies match the specifications of any of these posts, please send your;

    1. Application Letter,
    2. Curriculum Vitae and
    3. Filled Application Form

    ONLY via email to recruitment@kutrrh.go.ke

    Or hard copies can be addressed to:

    The Chief Executive Officer
    Kenyatta University Teaching, Referral & Research Hospital
    P.O Box 7674 – 00100 GPO
    Nairobi Kenya

    For more information and job applications details, see; Kenyatta University Hospital - Chief Finance Officer Jobs in Kenya/a>

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