Financial Director ( Health Care)

About the Role

Financial Director for a greenfield hospital responsible for developing and implementing the hospital's overall financial strategy, policies, and procedures, and managing capital and operating budgets during start-up.

Responsibilities

• Develop and implement the hospital's overall financial strategy, policies, and procedures from the ground up, aligning with the hospital's mission, vision, and strategic goals
• Develop and manage the initial capital budget for construction, equipment procurement, and IT infrastructure
• Develop and manage comprehensive operating budgets, forecasts, and long-range financial plans with a strong focus on cash flow management during the start-up period
• Develop financial modeling, feasibility studies, and business cases for new services, capital investments, and expansion initiatives, considering the ramp-up phase of a greenfield hospital
• Advise CFO on financial performance, risks, opportunities, and strategic decisions, particularly concerning initial operational deficits and achieving profitability
• Establish financial benchmarks and key performance indicators (KPIs) relevant to a new hospital and monitor performance against these metrics
• Manage and control the project's cash flow, investments, and debt
• Perform due diligence on potential investors and lenders under supervision of CFO
• Monitor competitors’ financial performance and benchmarking
• Prepare management reports (monthly, quarterly and annual) and financial presentations for management meetings
• Perform other duties as assigned

Qualifications

• Bachelor’s or Master’s degree in Finance, Accounting, Economics, or related discipline
• Professional certification such as CFA or CPA is an advantage
• Minimum of 5–7 years of experience in financial analysis
• Experience in the hospital industry or healthcare business is a plus
• Understanding of hospital financial systems, such as cost management, revenue analysis from healthcare services, and cash flow management
• Knowledge of laws and regulations related to healthcare and hospital business
• Detail-oriented and highly responsible; able to work under pressure and meet deadlines; positive attitude and strong collaboration with team and management

Skills

• Strong data analysis and ability to prepare complex reports
• Skilled in budgeting, financial forecasting, and resource management
• Proficient in Excel, ERP systems, and financial analysis tools such as SAP, Oracle, or Tableau
• Excellent written and verbal communication skills
• Problem solving and decision making in complex situations