- Knowledge and Skills required to perform the Job:
- Leadership style inspirational with balance of strategic skills and strong people orientation.
- Good understanding of corporate governance structures.
- Strong analytical skills and experience interpreting a strategic vision into an operational model
- Ability to grow and develop a senior team with good communication skills with the ability to influence at all levels.
- Ability to establish and execute programs for the provision of capital required by the company, including negotiating the procurement of debt and equity capital and maintaining the required financial arrangements.
- Strong attention to detail and hands on combined with strategic thinking ability.
- Ability to manage the budget process, collecting the inputs, and comparing the company’s actual performance with estimates (the budget).
- Entrepreneurial and commercially focussed with a high level of business acumen.
- Ability to assess complex situations and use creativity to solve problems.
- Knowledge of IFRS be in a position to assess impact of new standards on the group.
- Ability to control the cash flow position throughout the company, understand the sources and uses of cash, and maintain the integrity of funds, securities and other valuable documents
- Relevant Experience Required
- Minimum 15 years of broad financial experience, ideally beginning in accounting, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership.
- 5 years proven Senior Management experience managing the finance function (accounting, budgeting, control, and reporting) within a diverse, division-based entity.
- Experience in computerised accounting packages
- Significant and demonstrable evidence of rigorous financial management/control experience and ability to contribute to the Groups’ cost reduction strategy.
- Experience of successfully leading and managing a diverse team.
- Proven project management skills, with evidence of delivering large scale projects.
- Demonstrable experience of leading and effectively managing change in
large complex environments.
- Experience of delivering a stepped change in service delivery /culture shift
- KEY RESPONSIBILITIES:
5.1 Finance /Risk Management /Business Practice
- As a member of the executive management team, the candidate will be jointly responsible for the attainment of the organization’s strategic objectives with specific accountability for operational excellence in the finance space.
- Develop, continuously improve and implement an integrated Finance, Risk Management and Business System, recommending appropriate policies and procedures to the CEO.
- Maintain all appropriate financial, risk management and business records, ensuring information is accurate, easily accessible and of a high standard. This includes the timely submission and authorisation of all statutory and/or mandatory reports required by relevant legislation, or as requested by the CEO or Board of Directors.
- Maintain risk processes ensuring prompt notification of serious risk to the CEO.
- In conjunction with the CEO and Group Heads, formulate an annual operational business and finance plan, outlining accompanying strategies that maximise resources in support of planned directions, this extends to assisting Hospital Managers with annual departmental budget planning.
- In conjunction with the CEO, maintain non-clinical contracts and ensure the procurement policy and relevant legislation are complied with in regard to the purchase and supply of goods, services and equipment.
- Responsible for the year end statutory audit including liaison with the External auditors to resolve audit matters.
5.2 Strategic Staff Management
- Undertake annual performance reviews of subordinate HOD’s and senior staff ensuring key performance indicators and professional development plans meet organisational, departmental, and individual requirements.
- Assist HODs in receiving relevant education and expertise to understand and achieve their financial accountabilities for budgeted expenditure and ensure that revenue-raising opportunities are maximised. Ensure Group Heads and HODs are educated to recognise such opportunities.
- This includes overseeing the development, implementation, monitoring and evaluation of Finance Department business plans and budgets.
5.3 Information Technology Management
- Oversee the implementation, monitoring, review, evaluation, and updating of the IT Strategic Plan. This extends to providing detailed costings of IT strategies to ensure short and long terms strategies fall within budget parameters.
- Ensure all Information Technology infrastructure and software systems are maintained to meet the Group needs.
5.4 Leadership and Management
- Provide positive leadership to the Finance and relevant reporting departments.
- Encourage a culture within Finance and relevant departments that corresponds with a unified organisation wide approach to continuous quality improvement focused on the delivery of quality services that are aligned with improved outcomes for patients, clients and staff.
- Participate in and contribute to the leadership of the Group
- Undertake special projects (as allocated by the CEO) to ensure the organisation’s strategic and operational goals are achieved.
5.5 Organisational Accountabilities
- Represent the JMH Group on internal and external committees and working parties as required.
- Be responsible for providing assistance in benchmarking of significant business activities and/or non-core activities of the Group.
- Other such duties which are within the limits of the incumbent’s skill, competence and training and are consistent with this position description.
5.6 Strategic Imperatives
- Develop and implement a Strategic Financial Plan for the Group.
- Prepare financial reports and commentary for monthly board meetings by the 7th working day of the month.
- Prepare financial/statistical reports/dashboards for leadership team meeting.
- Coordinate the preparation of documentation for, and attend the Finance, Audit and Risk Committee meetings.
- Coordinate annual capital budget and capital plan for the Group.
- Liaise with and report to the CEO with regards to clinical costing data and improve efficiency and create cost savings.
- Cost proposed investment cases across the Group.
5.7 Reporting Responsibilities
- Prepare monthly Board reports, including actual results, variations from budget; full year forecast results and KPI results. Key responsibility will be to provide insight to the hospital managers on the results of their business units.
- Review all internal reporting systems to ensure that these reflect the needs of the Board of Directors, CEO and stakeholders.
- Assist in the preparation, verification and dispatch of all internal and external financial statistics and reports, and that deadlines, details and accuracy are not compromised.
- Prepare monthly and annual financial statements and liaise with external and internal auditors in relation to financial matters and responses to report recommendations.
5.8 Finance Administration
- Ensure the monthly reconciliation of all Balance Sheet Accounts for the Group.
- Prepare and analyse business performance / results, providing feedback to the CEO.
- Ensure that revenue reported is accurate, allocated correctly, and corrective action is taken where inconsistencies arise.
- Proactively manage funding sources to assist in the planning of service contraction and expansion when required.
- Ensure monthly accruals are accurately calculated.
- Ensure that debtors are monitored, and collections are obtained within timeframes.
5.9 Budget / Forecasting & Reporting
- Responsible for the preparation of the annual budget for the Group
- Manage the business cash flow to ensure it adequately supports work activities and produces optimal results.
- Ensure approved capital expenditure budgets are adhered to at all times.
- Ensure any variations to budgets and forecasts are included in Management reports, including any future/potential exposures to the organisation.
- Review financial and statistical information for internal and external proposals, projects etc.
5.10 Asset Management
- Ensure all assets are monitored and accurately accounted for.
- Ensure the fixed assets register is managed and maintained.
5.11 Regulation & Statutory Compliance
- Ensure compliance with all relevant legislation
- Ensure compliance with all taxation requirements, associated lodgement of relevant returns within required timeframes.
5.12 Accounting Systems
- Ensure that the Group accounting systems comply with South African Accounting Standards and are relevant to the Healthcare sector requirements
- Ensure effective management of debtors and creditors accounts.
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