Financial Controller (Financial Control Office) at Aga Khan University Hospital

Job Summary

Reporting to the Chief Finance Officer, the Financial Controller will oversee the general accounting – producing reports for control and monitoring, annual audits, treasury management, fixed assets management, and lead implementation of the Enterprise Resource Planning Modules (ERP) for AKUH, N. The person will have a responsibility of maintaining and implementing internal controls for AKUH, N operations in Kenya, Tanzania and Uganda to ensure the integrity of all financial records and credibility of information.

Responsibilities

• Work in collaboration with the CFO, CEO, Directors and other finance staff to meet AKUH, N financial goals.
• Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.
• Ensure that AKUH, N is fully compliant with tax law, financial law and standards in Kenya, Tanzania and Uganda.
• Lead and undertake AKUH, N annual audit and ensure end of quarter/ month financials are closed within stipulated timelines with accuracy
• Consolidate financial statements and disclosures for all Aga Khan Hospitals in Kenya. Lead on implementation of new ERP system (Finance module)
• Ensuring all liabilities and assets are recorded accurately into the book of accounts.
• Working closely with HR on payroll matters and with the auditors to respond to any queries that may arise.
• Monitoring the accruals in relation to staff costs, staff advances, and enforce the recovery process as per the policy.
• Forecasting cash flow projections and monitoring this against the daily cash positions.
• Review daily and monthly bank and cash reconciliations to eliminate any errors and fraud.
• Detecting errors or fraud and ensuring records are kept up-to-date.
• Reviewing reconciliations ensuring the accuracy of computation, completeness, and timeliness of all payments; and meeting suppliers to resolve issues or improve processes.
• Monitoring the accruals, pre-payments, and creditors’ days.
• Analysing the variances and generating reports on findings and recommendations.
• Reviewing of journals and expenses analysis ensuring all data has been captured prior to submission.
• Overseeing the fixed asset register ensuring correct depreciation computations, completeness in record keeping, and supervising the physical asset verification exercise.
• Maintaining insurance schedules to ensure adequate cover, lodging insurance claims promptly and following up on settlements.
• Assisting in debt collection through the Debtors’ team and external debt collectors.
• Working with budget and planning team to ensure adequate engagement with users.
• Timely preparation and review of budgets and the monthly review of Budget Variance Analysis (BVR)

Qualifications/Requirements

• Qualified Accountant – ACCA, CPA (K), ACA, ACMA, CIMA;
• Bachelor / Masters of Commerce degree or equivalent;
• Minimum 5 (five) years of relevant work experience in a similar role and in a busy environment ideally in health care setup;
• Strong knowledge of International Financial Reporting Standards and International Accounting Standards and their applications;
• Strong knowledge of working high quality ERP system;
• Proficiency in MS Office applications;
• Strong command over spoken and written English.
• Ability to work independently or in a team environment;
• Ability to prioritize work assignments, meet strict deadlines, and work towards achieving the set goals and objectives;
• Demonstrated ability to lead, motivate and develop team members to work towards achieving the set goals and objectives;
• Unquestionable integrity and ability to maintain confidentiality;

Deadline: 31st March 2022