Overview
Executive Director, Finance Jobs in Cape Town, South Africa at Deka Minas (Pty) Ltd
Please note that this position is based in The Middle East, relocation, accommodation and additional benefits apply.
A trusted and well established client of ours in The Middle East is seeking an experienced Executive Finance Director.
The Executive Finance Director, is responsible for all the functions related to the financial and business operations of a hospital.
General Duties and Responsibilities:
- Manages the department day-to-day operations, including those responsibilities described in this position description.
- Recommends policies, plans, and budgets to the leadership entity.
- Ensures department compliance with approved policies and procedure
- Ensures department compliance with applicable laws and regulations.
- Lead a team of managers and administrative staff in the successful execution of the jobs and responsibilities of the department.
- Develops and implements a process for staff recruitment.
- Develops and implements a process for staff retention.
- Develops and implements a process for staff personal development and continuing education.
- If applicable provide timely response to any reports from inspecting and regulatory agencies.
- Ensures that processes are in place for communicating department related information throughout the hospital in a timely manner.
- Determines and plans the department/service type of care and services to be provided consistent with the hospital’s mission and needs of the patients served by the hospital.
Primary Duties and Responsibilities:
Finance:
- Works with the hospital board, management, department/service head to develop financial goals and objectives for the hospital
- Responsible for the operating and capital budgets, including revenue and expense budgets, cash forecasts, profit planning, and programs for capital investments and financing
- Provides guidance in the management of assets and investments, and financial trends within the hospital.
- Works with department/service managers and executives to implement financial plans and productivity benchmarks, and to monitor progress toward financial goals.
- Establishes a five
-year strategic financial plan for the hospital as part of the hospital’s strategic planning process. - Employs a system of responsible accounting, including budget and internal controls.
- Ensures that monthly financial statements and productivity reports are completed and reported on a timely basis.
- Ensures that all balance sheet accounts are reconciled on a monthly basis and a system of internal controls are in place.
- Maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level.
- Maintains a thorough working knowledge of governmental and private insurance reimbursement payment methodologies, including: contractual accounting, payment calculations, billing requirements and compliance issues.
Monitors the following:
- Capital asset expenditures
- Depreciation
- Prepares Annual Operating Budgets with input and involvement at the departmental level
- Prepares capital budgets and cash flow projections
- Arranges lines of credit and maintains proper banking relations.
- Responsible for the attainment of short-and long-term financial and operational goals.
- Oversee the coordination and activities of external auditors ensuring all audit issues are resolved, and all compliance issues are met in accordance with acceptable accounting practice.
- Ensure adequate cash flow to meet the organization’s needs.
- Oversee the maintenance of the inventory of all fixed assets.
Business Center:
- Oversee the overall management and operations of Business Center.
- Provides operational and strategic leadership to maintain and improve revenue cycle.
- Ensures the maximum performance of revenue management across multiple entities, including accurate and timely charging, processing of billing and open patient accounts, payment posting, denials management and appeals, and customer service
- Proactively manages the billing process, maintaining positive and strong internal client relationships with third-party payers.
- Develops a thorough systems, processes and payer specific reimbursement mechanisms and billing requirements, contributing in the proactive.
- identification of opportunities for revenue…
Title: Executive Director, Finance
Company: Deka Minas (Pty) Ltd
Location: Cape Town, South Africa
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