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Sidra Medicine
Full time
Director – Financial Reporting and Budgeting “Job Details”
Job Description
JOB SUMMARY
The Director – Financial Reporting and Budgeting provides senior financial leadership in directing, planning and leading activities related to financial reporting, forecasting and budgets and also manages the day-to-day activities within the department. The role will be responsible for the preparation of Sidra’s annual operating budget, monitoring financial performance against plan and forecasting predicted year end position. The role also provides financial information to managers, directors and senior management team to support decision-making and ensures optimal use of resources available. The incumbent leads the development of high-quality costing and analytical information.
The Director will be responsible for ensuring appropriate training on financials is provided to the relevant stakeholders as well as preparing reports for Committees and the Board of Governors as well as prepare for the Monthly Operational Reviews.
KEY ROLE ACCOUNTABILITIES
Leads the annual budgetary process for the entire organization, engaging with key stakeholders and ensuring communication is provided in accordance with budget guidelines set. Prepares the annual operating and capital budget, and reports variance analysis statement for the entire organization and department or branch-wise including presentations as required. Impacts strategic leadership decision-making by developing key performance indicators and business analytics information. Produces models to carry out sensitivity analysis. Leads the quarterly (and ad hoc) forecasting activities. Produces various analysis on trends related to results as necessary. Responsible for the preparation of the annual departmental and consolidated Sidra Medicine budget in consultation with operational managers, directors and chief officers. Responsible for construction of the annual capital budget. Produces monthly budget reports to managers/directors accountable for operational expenditure, including the provision of detailed variance analysis statements. Ensures financial reporting of income statement complies with International Financial Reporting Standards (IFRS). Prepares forecasts of expenditure based on known and probable facts to present expected future positions. Produces risks to delivery of budget and identifies levers. Leads the production of the monthly financial report for the Chief Financial Officer and various CFO Committee requirements from a Finance perspective. Responsible for the production of key performance indicators and business analytical information to provide strategic leadership for delivery of current and future activities. Supports the development of relevant business cases and ensure validation of assumptions and financial returns are carried out ahead of presenting to the CFO. Works with accountable officers in identifying financial trends and provides mitigation plans as requires. Provides support to the development of business intelligence to meet operational and research needs. Produces models to carry out sensitivity analysis of proposed actions and conduct “what if” scenario plans. Communicates effectively with internal and external stakeholders. Develops effective controls around processes where appropriate. Attends management and staff meetings as required. Adheres to Sidra’s standards as they appear in the Code of Conduct and Conflict of Interest policies Adheres to and promotes Sidra’s Values
QUALIFICATIONS & EXPERIENCE
Education
Bachelor’s Degree in accountancy/finance related field
Experience
10+ years of experience in a similar or finance related role Significant private healthcare experience within the Finance function
Certifications
ACA, ACCA, CIMA, CPA, CMA, CCBA (or similar)
