Job Location | Saudi Arabia |
Education | Not Mentioned |
Salary | Not Mentioned |
Industry | Other |
Functional Area | Not Mentioned |
Job Description
About this role:Provide Oversight fiscal responsibility over JHAH and TPA annual budgetReviews JHAHs monthly budget iteration in order to evaluate assumptions driving fluctuations in costs on a monthly basis, inclusion of the six COF no margin items, exclusion of Additional Service Agreement COF no margin, correlations between budget line-items (ex. reduction of TSAs and increases in other vendor costs), agreement with major line-items and shareholder approved amounts, royalty, and knowledge transferReview JV or TPA financial reports and forecasts on operating income statements and capital plans & expenditures, manpower budgets, investments, the consolidated financial position and prepares supporting variance analysisReviews Affiliates financials and provides analytical support to proponentsIdentify cost savings opportunities during the budget review cycle and provided recommendations to JV and JV PartnersResponsible for supporting negotiated changes to the JV agreements. Be part of the negotiation team on changes and responsible for understanding and communicating the financial and wider implications of all changesPreparing pre-briefing materials and presentations for Board of Management and various board committee meetingsReviewing the books of materials issued by JHAH for these meetings and condensing the informationAdvising on the introduction of other agenda items. Attendance at the meetings to support the MSMD Director and the Company board members as requiredAssess the reasonableness of income tax assumptions and calculation methodologyEvaluate the feasibility of dividend distributionsPrepare ad-hoc financial forecasts, reports and other analysesUndertake special studies and data analysis to support and facilitate Management decision making such as the financial feasibility and impact of proposed financial transactions related to new services and purchases, employee and vendor disbursements in accordance with company policy and guidelines and performance benchmarkingAssist in the financial modelling & investment/divestiture analysis, asset valuations and financial due diligence and entity setup activities as applicableProvide financial accounting and analytical support to MSMD Accounting Section Head as assignedParticipates in the development, recommendation and implementation of changes to accounting policies, internal procedures, controls and systems. What you need to bring:As a successful candidate, you must hold a bachelors degree in one of the following: Accounting, Finance, Business Administration, or a related discipline. Masters Degree in a related field is preferredPreferred professional qualifications include Certified Public Accountant (CPA), Saudi Org of Certified Public Accountant (SOCPA), Certified Management Accountant (CMA), Certified Financial Analyst (CFA), and Certified Internal Auditor (CIA)You will have at least ten (10) years diversified accounting and finance experience preferably in the health care sector or related industries, with a strong track record in delivering proven resultsCandidate must have a sound knowledge of applicable International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and KSA tax legislationIn parallel or subsequently, you will have at least ten (10) years experience in healthcare related management of multiple businesses reporting to board of managers. Experience with the management of Joint Ventures and the complexities of managing the compliance with complex JV agreements would be a distinct advantageThe candidate should be able to work both independently and in collaboration with the full Medical Services Management Department team, which is comprised of diverse subject matter experts with deep knowledge across medical, planning and financial fields. The candidate should also be a strong leader and have the ability to delegate and manage small teams The candidate should have the ability to read and assess large and complex reports and board materials quickly and to be able to extract key matters and construct and deliver high-quality PowerPoint presentations to multiple audiences up to board and SVP levelsExcellent ability to communicate in professional spoken English with peers as well as members of management and be able to produce clear and concise oral and written reports in English. Knowledge of Arabic is an advantageStrong proficiency in Microsoft Excel is essential with experience of financial modelling techniques and data analysis preferred.
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