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Job Summary: Reporting to the Finance Director, the successful candidate will be responsible for managing the finance department and ensure implementation of sound accounting, budgeting and financial control policies, systems and procedures in line with International Accounting Standards and the hospital’s objectives. The position will also be responsible for the financial and accounting oversight at Tenwek Hospital College.

Key Responsibilities and Duties

1.Coordinate preparation of accurate and up-to date financial and management accounting information in order to facilitate decision making;
2.Establish and continuously update internal control systems and procedures to ensure prudent use of financial resources; 3.Coordinate the budget preparation process or the hospital and prepare the related special revisions in a timely manner; 4.Develop, implement and monitor effective systems of monitoring performance against budget including key financial performance indicators;
5.Assist budget holders with preparation of business plans and capital investment appraisals;
6.Ensure timely monthly reconciliation of budget adjustments to the agreed expenditure plan;
7.Review and benchmark operational costs and capital expenditure with the industry standards to ensure they remain within acceptable limits;
8.Ensure maintenance of an up- to-date assets register;
9.Facilitate training sessions for central finance staff members and develop non-finance managers with appropriate knowledge for financial decision making;
10.Analyze and report significant budget variances and to identify possible remedial actions in consultation with divisional accountants;
11.Prepare divisional and corporate forecasts for income and expenditure on monthly, quarterly and annual basis; 12.Prepare and submit periodic statements, reports and reconciliations together with appropriate interpretation and recommendations for the Management Team within agreed timelines;
13.Ensure effective treasury management including the hospital’s bank accounts, loans and other financial instruments; 14.Maintain robust cash handling and banking procedures;
15.Ensure that closing stocks in financial statements can be tied up to physical stocks and differences are investigated promptly and resolved;
16.Provide advisory services on building the investment portfolio of the Hospital;
17.Ensure full integration of all Hospital Management Information Systems (HMIS) financial transactions;
18.Identify, deploy and motivate the finance team including performance appraisal, identification of training needs, mentorship and coaching as well as leave and absence management in line with the hospital’s people agenda; and 19.Any other responsibilities that may be assigned to the job holder by the supervisor from time to time.