SR MANAGEMENT ACCOUNTANT - New Mowasat Hospital

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.
• 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 :
• Monthly/ periodical P & L Account Balance Sheet Cash Flow Statement.
• 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.
• 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
• 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
• 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.

Skills:

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

Soft Skills: Excellent Communication and InterPersonal skills.

Computer Skills: MS Office (Word Excel Outlook) and internet. Excellent knowledge of accounting software principles

Language Skills: Expertise in written and spoken English.