Financial Analyst

2 weeks ago


Al Hufūf, Eastern Province, Saudi Arabia Black Pearl Full time

Job Information:

Industry

  • Health CareCity
  • DammamCountry
  • Saudi ArabiaZip/Postal Code
  • 31433Number of Positions
  • 1 An exciting opportunity has come up with a renowned and prestigious hospital in KSA for Financial analysts with Clinical Costing Experience.
If you are considering this job opportunity, you will be:

a) Budget and business plan:

  • Assist with the development, implementation and monitoring of the budget and business plan
  • Manage the preparation of budget templates and tools to be used by budget preparers
  • Manage and coordinate the budgeting and business plan communication within the FP&A team
  • Review OPEX and CAPEX submissions and determine any relevant adjustments that need to be made
  • Assist in the preparation of the consolidated budget and its synchronization with the business plan
  • Support the Finance Department in seeking budget approval

b) Management reporting:

  • Determine and review management reporting requirements including required key metrics on a regular basis
  • Manage the data collection and production of the management dashboard, cost, and manpower variance analysis
  • Lead analysis of produced management reports and provide insights into any relevant variances and drivers
  • Ensure dissemination of management reports across selected C-Suite and other stakeholders

c) Cost accounting:

  • Assist with the defining of cost center structure including direct and indirect cost center designation
  • Oversee the development of cost allocation drivers to ensure the effective allocation of indirect costs
  • Provide cost center and category schedules with allocated costs to support Revenue Cycle Management in preparation of the fee schedule

d) Software development:

  • Identify and specify software solutions requirements to enable and support effective budgeting, business planning, management reporting and cost accounting

e) Policies and procedures:

  • Establish and coordinate the frame of policies and procedures for managing the budgeting process and cost accounting
  • Coordinate and oversee the preparation and maintenance of financial policies and procedures based on best practices applicable to the healthcare industry

f) Other responsibilities:

  • Institute regular projection and rolling forecast rhythm to provide more precise results estimation and enable the business take timely corrective actions if required
  • Coordinate preparation of feasibility studies related to new business ventures and participate in the due diligence process of larger acquisitions
  • Assist in the development Finance Department project plans and manage project team activities to achieve given targets
  • Solicit customer feedback to improve service, respond to requests for service and assistance and implement process improvements as necessary

Requirements:

To be considered for this role, you need to meet the following criteria:
Experience

Minimum 10 years relevant experience (experience in the Healthcare industry preferred).

Education:

  • Bachelor's Degree in Finance, Accounting, or equivalent
  • Masters of Science preferred
  • Should have experience in Healthcare industry and Clinical costing experience.
Work days - 5 days a week.

Work Location - Eastern Province of Saudi Arabia.
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