DISCLAIMER!
This job post is ONLY for CFOs with previous experience in the HEALTHCARE industry.
Company Description
National Blood & Cancer Center (NBCC) is a leading medical center in the treatment of blood disorders and cancer in Riyadh, Saudi Arabia. Founded in 2011 by a group of highly qualified Saudi consultants and experts, NBCC strives to revolutionize healthcare by providing accurate laboratory diagnostics and advanced medicines for early disease diagnosis while raising the level of care provided to patients. We are keen on offering the highest level of comprehensive diagnosis, treatment, and care services that comply with advanced international standards through the use of highly skilled and specialized medical personnel.
Role Description
This is a full-time on-site role for a Chief Financial Officer at NBCC's Riyadh location. The Chief Financial Officer (CFO) will be in charge of the Hospital's financial operations. Duties include managing budgets, establishing policy, financial decision-making, controlling margins and debt, and making decisions about the Hospital assets and resources. The Chief Financial Officer (CFO) has primary responsibility for the planning, implementation, managing and running of all the finance activities of the Hospital, including business planning, budgeting, forecasting and negotiations.
Major responsibilities include developing and maintaining a strategic financial plan and annual operating and capital budgets; financial analysis of new programs, acquisitions, and business development; revenue management; preparation of the financial statements, in accordance with financial management and techniques appropriate to the health care industry; decision support and cost accounting; oversight of disbursements and receivables processes; oversight of patient admissions processes. The Chief Financial Officer will be reporting directly to the CEO/MD of Hospital Operations.
Duties
Proactively advise and educate management on all aspects which financially impact hospital operations.
Prepare and update long range forecasting for the hospital and its financial network.
Develop and administer the following activities for the Hospital:
Financial reports both internal and external
Financial policies, procedures, and systems
Reimbursement strategies, reports, and appeals
Budgeting systems for both operating and capital budgets
Tax returns and tax planning
Financial analysis of new programs, acquisitions, and business development
Patient financial services, including receivables management and patient admissions processes.
Disbursements (payroll and accounts payable) processing
Provide financial information and consultation to management.
Interpret current financial trends and respond with appropriate action.
Develop strategies to increase cash flow – including improvements in revenue cycle management.
Ensure compliance with covenants incorporated in financing documents.
Negotiate contracts and agreements with third parties.
Participate in professional associations and community service activities.
Establish monitoring processes and forecasting to position to adjust to changes in value based purchasing.
Lead or facilitate strategies and steps for cost containment within the organization.
Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage staff to ensure that a qualified staff exists to meet group objectives.
Perform other related duties and participate in special projects as assigned.
Qualifications
Minimum of a bachelor’s degree in finance, accounting, business administration or equivalent discipline is required.
Master’s degree in finance, accounting, business administration OR certification as a chartered accountant required.
Experience
A minimum of ten (10) years of healthcare delivery system administration; diverse portfolio with hospital land large medical group finance leadership roles.
A minimum of five (5) years working as a CFO of healthcare delivery system administration.
Other Requirements
Knowledge of provider billing practices and understanding of healthcare reimbursement methodologies.
The job requires the highest level of problem solving. The work requires identifying and resolving very complex problems, such as developing innovative solutions based on extensive cross functional knowledge of the entire organization.
Demonstrated ability to operate successfully in a constantly changing, fast-paced environment.
Demonstrated emotional intelligence and interpersonal skills, initiative, self-motivation, practical learning skills, enthusiasm and an ability to complete multiple tasks in a timely and accurate manner.
Work requires ability to ensure adherence to all policies and procedures of the Hospital.
Experience in public speaking, business presentations, meeting management and business correspondence.
Ability to communicate effectively orally and in writing.
Ability to appropriately handle confidential and/or sensitive corporate information.
Extensive experience and adaptability as to computer skills.
Ability to multitask and solve complex operational issues in health care settings.
Seniority Level: Executive-Level
Job Functions: Software Development
Industries : Information Technology
