Director Finance

1 day ago

Peshawar City Tehsil, Pakistan Rehman Medical Institute Full time
Director Finance
Rehman Medical Institute, Pakistan

To be responsible for developing corporate policy and strategic financial plans for RMI and allied institutions and creation of viable options for analysis and recommendations for approval by the Chairman office/CEO.
To actively coordinate with the departments of administration, medical services and procurement and take responsibility for managing the department independently.
To prepare the annual budget for the hospital and allied institutions; outlining all the categories of hospital revenues vis-à-vis their sources on a weekly, monthly and quarterly basis; carry out tactical measures for increasing hospital revenues and minimizing expenses.
To chart out all categories of hospital supplies vis-à-vis the departmental expenses on a weekly, monthly and quarterly basis, and prepare procedural and reporting formats to minimize expenses.
To manage the payroll budget and overall control of hospital expenditures.
To manage the revenues vis-à-vis development expenditure, non-development expenditure and all revenue producing departmental expenditure of RMI and allied institutions.
To carry out costing and setting up the rates for all medical and surgical packages offered at RMI as part of the budget exercise based on the list of services provided by the DMS.
To manage and supervise the cash collection cycle and sources; mode/sources of payments vis-à-vis procedures.
To strategically manage the accounts receivable and accounts payable.
To minimize hospital's direct and indirect expenditures and overheads.
To plan and control accounts for visiting consultants, out-patients, in-patients, and the diagnostic services.
To manage the inventory through methods including economic order quantity (EOQ), Just-In-Time (JIT) and other effective monitoring and evaluation systems.
To authorize, verify and check all procurement through the procurement committee.
To design and implement procedures and systems for all financial transactions and flow of financial information in RMI and allied institutions.
To deal and negotiate with external organizations - banks, leasing organizations, suppliers, the corporate panel clients, auditors, and government sector etc on professional and ethical standards in the best interest of RMI and allied institutions.
To design strategies for expanding existing corporate clientage with necessary public relations.
To supervise and control the hospital finance supporting systems/computer software in use.
To supervise and offer required amount of coordination and supervision for the RMI Trust.
To carry out any additional accounts and finance-related issues assigned by the office of the Chairman/CEO from time to time.
Reporting relationships:
The DF shall report directly to the CEO on all corporate finance and administrative matters; also reports directly to the Chairman Office on all finance and accounts issues related to RMI and allied institutions and/or any other related matters when/if assigned.

Job Specification

Education:
CA/ACCA from Pakistan or abroad.
Experience:
Minimum 5 years of post-qualification experience preferably in a hospital, the non-government, or the private sector.
Skills:
Ability to comprehensively analyze financial statements, and implementation of book/record keeping and GAAP (General Acceptable Accounting Principles).
Effective leadership and professional workplace attitude.
Effective interpersonal, inter-professional/group and supervisory skills.
Excellent computer literacy and working knowledge/skills of relevant software required for advanced and integrated hospital operations.

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