Job Title: Finance Manager
Client: Confidential
Industry: Healthcare
Locations: Lagos, Nigeria
Job Purpose/Summary
The Finance Manager will take charge of the financial health of the branch by administering organizational accounting policies in the day-to-day discharge of his/her duties within the operational, legal and regulatory framework of the business. The finance manager must be familiar with financial transaction processes, procedures, and reporting requirements of the office. The role holder should also have excellent organizational and communication skills, Pay attention to details and be able to handle time sensitive tasks.
Key Functions/Responsibilities
Transactional
- Ensure financial records are kept up-to-date with the latest transactions and changes.
- Prepare balance sheets, financial Audits, Budget preparation, monitoring, cash flow projections, and financial performance management report including planning, forecasting and financial statements such as monthly, quarterly and annual accounts/reports.
- Provide advice on tax affairs, Monthly Tax Remittance PAYE, Pension schedule, Payroll review, LIRS, Annual Tax Returns Filing and ensure payment of all statutory deductions.
- Manage vendors in conjunction with procurement officer, payment negotiations, discussing terms with suppliers and Process invoices/bills for payment as applicable.
- Ensure accuracy in the step 1 payment approval and adhere to payment processes.
- Maintenance of Asset Records and ensure updates.
- Update internal systems with financial data, Maintenance of accounting records and Company’s Debt portfolio management.
- Establish, maintain and coordinate the implementation of accounting and financial control procedures.
- Review and implement financial policies, reconcile bank statements, track bank deposits and payments and record accounts payable and accounts receivable.
- Report daily inflow and outflow report (To reconcile daily payments made via cash, transfer and POS).
- Compile and prepare overall daily report, Daily Statistics report/Daily Revenue Report (To reconcile daily services rendered to patients)
Reporting
- Load and submit of HMO claims, these include Axamansard, Leadway, Hygeia, Novo Health, THT, Bastion etc.
- CHIS Monthly Deductions Receivables Reports, Receivables tracking for Private Patients, HMO Patients, Corporate Patients and liaising with the appropriate departments.
- Confirm and update payments from Private Patients, HMO Patients and Corporate Patients. Sort rejected withheld and unprocessed claims.
- Proper record of every expense, reconciliation, update and scanning of monthly impress analysis.
- Develop and maintain relationships with relevant financial institutions and government agencies.
- Provide financial advice to the management as deem fit.
- Perform all other duties that may be assigned as needed
Qualifications & Experience
Required
- B.Sc. degree in Finance, Accounting, Economics or any related field
- Minimum of 10 years of experience with at least 3 years of managerial experience within a hospital or healthcare setting.
- Outstanding knowledge of financial and accounting procedures
- Experience using financial software
Desired
- Professional certification with ICAN is an added advantage
- Experience using financial software
- Knowledge of financial regulations