Finance Manager - Healthcare

ROLE PROFILE - FINANCE MANAGER

Reporting To: Chief Executive Officer

Location: Nairobi, Kenya

Position Overview

The Finance Manager is responsible for the hospital’s financial stewardship, ensuring

robust financial management, revenue optimisation, and regulatory compliance.

The role oversees budgeting, financial reporting, treasury management, healthcare

billing, insurance claims processing, and financial planning to support the hospital’s

strategic objectives.

Key Responsibilities

 Lead financial planning, budgeting, and forecasting processes.

 Oversee financial reporting and compliance with accounting standards.

 Manage hospital revenue cycle including billing and insurance claims.

 Monitor cost management and financial performance against budgets.

 Manage treasury operations and cash flow forecasting.

 Ensure accurate financial analysis for strategic decision-making.

 Maintain relationships with financial institutions, auditors, and insurers.

 Ensure compliance with statutory financial obligations and tax regulations.

Skills and Competencies

 Financial Planning and Analysis

 Healthcare Revenue Cycle Management, including billing and insurance claims

management

 Budgetary Control and Cost Management

 Financial Reporting, Compliance, and use of financial systems/tools

 Strategic Financial Management and Planning

 Risk and Internal Control Management

 Strong Analytical and Financial Modelling Skills

Key Success Factors

 Financial Controls & Revenue Optimisation: Ensure effectiveness of financial controls

and maintain revenue leakage below 1% through accurate billing and effective

claims management.

 Debtor & Receivables Management: Maintain average debtor collection period of

≤45 days, with proactive management of receivables and insurance

reimbursements.

 Budget Management: Keep actual expenditure variance within 5% of approved

budgets.

 Financial Reporting: Ensure 100% accuracy and timeliness in monthly financial

reporting.

 Audit & Compliance: Maintain a clean external audit opinion with no material

findings and ensure full compliance with statutory financial obligations and tax

requirements.

 Cash Flow Forecasting: Achieve at least 90% accuracy in cash flow forecasts.

Education Qualifications

 Bachelor’s degree in Finance, Accounting, or Business Administration

 Professional qualification such as CPA (K) / ACCA required

 Registered member in good standing with the Institute of Certified Public

Accountants of Kenya (ICPAK)

 Master’s degree in Finance or Business Administration preferred

 Minimum 8 years of finance experience, preferably in healthcare or complex

service environments