Sr Management Accountant - New Mowasat Hospital
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Job Description
23 July 2024
Fund Management & Budgeting
- Prepares Monthly Periodical & Annual Financial Statements. Ensures that all the General Ledger accounts are reconciled Balance confirmations obtained Inter Company Accounts cleared and Balance Sheet Schedules maintained.
- Introduces Cost Ledger & Cost Accounting System for the Hospital; Cost classification in terms of Fixed/ Variable Direct/ Indirect Cost Analysis Service Costing identifies the wastages & advises Management on Cost Reduction strategies.
- Deals with Foreign Currency translations procurement of best rates and identifies the Cash Resources of the Hospital
- Maintains sufficient balance in current account and channelizes surplus in short term deposits.
- Stands responsible for approving the preparation and release of Cheques.
- Deals with Treasury management; plans for payroll funds from the beginning of each month and daytoday cash management
- Defines and controls the Pricing of Services/ Package advises the Finance Manager & CFO on various Pricing Strategies.
- Conducts Project Feasibility studies with the objective of investing the Group resources profitably; identifies new investment opportunities conducts Project appraisals & analysis.
- Prepares Strategic Budgets for the Hospital Budget negotiation approval communication implementation & initiates extensive Budgetary Control through the system.
- Supports Finance Manager in preparation of business plan budget & reviews.
Management Reports
- Compiles statistical financial accounts/ audit reports and tables pertaining to matters such as cash receipts expenditures accounts payable and receivable and profits & losses
- Prepares Profitability Analysis Statistical Analysis Capacity Utilization Analysis etc. and conducts various Ratio Analysis to analyze and appraise Hospital performance.
- Prepares reports on :
- Statement of Shareholders Equity.
- Bank Reconciliation Statements.
- Monthly Management Reports.
- Cash Forecasts/ 3 months period/ 12 months period/ 36 months period.
- Divisional/ Departmental Performance Report on a Monthly Basis.
- Five Years Projections & forecasts for Financial Statements.
- Reports assigned by Finance Manager & CFO from time to time.
Financial System Application
- Familiarizes with the product functionality.
- Plans schedules and oversees major software upgrades new releases and installation of related software applications.
- Develops documentation and training for end users on how to effectively use financial management system features and related applications.
- Access control of various users review and management
Liaising
- Liaisons with the Banks to deal with banking issues.
- Keeps track of the new services provided by the bank and maintains Internet banking accounts.
- Liaisons with other function managers to put the finance view in context.
- Handles Financial Liaisons with related parties & performs monthly Inter Company Current Account Reconciliations
Other Duties
- Manages Employee Incentive computation and processes payment. Participates in New Incentive scheme implementation.
- Attends Statutory Audits Quarterly Audit reviews and complies with the Audit requirements.
- Develops various Accounting Policies & Procedures and Accounting Manual in accordance with the Internal Management rules & International Accounting Standards.
- Prepares Price List
- Maintains records of all price list updates
- Performs other related duties as assigned or requested by Finance Manager & CFO from time to time.
KEY CONTACTS
INTERNAL:
- HR Department Staff/Managers
- Physicians & Visiting Doctors
- Other NMH Employees
EXTERNAL:
- Banks/ Agencies
JOB REQUIREMENTS
Education :
Bachelor of Commerce (major in Accounting/ Costing) with recognized Finance/ Accounting Professional Certificate. Chartered Accountant (Inter) preferred
Experience :
Preferably 7 years experience in Finance field with extensive knowledge of Financial systems processes procedures & International Accounting Standards (IAS)
OTHER SKILLS:
Technical: Knowledge of Financial Planning & Budgeting Cost Accounting and Analysis.
Administrative Skills: Statistics compilation and Analysis; Decision Making Competencies Reporting Negotiation and Presentation skills and Critical Thinking
Computer Skills: MS Office (Word Excel Outlook) and internet. Excellent knowledge of accounting software principles
soft Skills: Excellent Communication and InterPersonal skills
Language Skills: Expertise in written and spoken English
Normally works in an air conditioned office in neat and pleasant surroundings. May involve long periods of sitting; telephone and in front of a computer screen; intermittently twist to reach equipment or supplies surrounding desk; perform simple grasping and fine manipulation; use telephone and computer keyboard on a daily basis. Involves working with employees across a broad spectrum of levels and job categories. Involves working under pressure to meet deadlines and may be requested to work overtime and during weekends.
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Employment Type
Full Time
