Job Expired

Washington Medical Center

Finance
Accounting
Addis Ababa
10 years
1 Position
2025-05-22
to
2025-06-01
Management of Financial Resources
Accounting
Full Time
Share
Job Description
For over a decade, Washington Healthcare has earned the trust of millions by delivering compassionate, high-quality care across Ethiopia.
Now, in a bold stride toward redefining healthcare in the region, Washington Healthcare is proud to unveil its most ambitious venture yet: a state-of-the-art tertiary hospital that will redefine healthcare standards in the region. With 110 beds, Ethiopia’s first PET scan machine, and the first privately operated LINAC machine for advanced cancer treatment, this facility will set a new benchmark in medical innovation.
Even more , the hospital will be managed and operated by the world-renowned Apollo Hospitals Enterprise Group ,an Indian multinational healthcare group headquartered in India. It is the largest private hospital network in India, with a network of 71 owned and managed hospitals. .
This new facility will be more than just a hospital; it will be a center of excellence, hope, and innovation. Powered by Apollo’s international expertise and Washington Healthcare unwavering local commitment, the hospital is set to raise the bar for tertiary care in Ethiopia—ushering in a new era where advanced medical technology meets heartfelt, patient-centered care.
The Head – Finance & Accounts is responsible for leading the financial strategy and operations of the hospital. This role involves managing financial reporting, driving cost optimization, ensuring regulatory compliance, and supporting strategic decision-making. Reporting to the CEO, the Head – Finance & Accounts plays a key role in maintaining the hospital’s financial health while optimizing business processes to achieve operational efficiency.
As part of the Executive Leadership Team (ELT), the Head – Finance & Accounts is responsible for the financial management of the organization.
Managing the financial reporting for the organization. This includes monthly financial reporting, budgeting and forecasting, 5-year financial plans and all statutory financial reporting
Goals:
Providing sound financial support and insights to enable the ELT to make critical business decisions
Presentation of financial results and insights to the Board
Play a key role in the formulation of the business's strategy
Managing and overseeing the cash flow of the company and ensuring it has the appropriate treasury controls
Enabling smooth conduct of internal and external audits and ensuring the organization is compliant with accounting standards and other statutory compliances.
Managing and overseeing the company's banking and borrowing arrangements as and when necessary
Managing relationships with Investors (where applicable)
Managing and overseeing the company’s financial systems
Investment appraisal, feasibility studies, and analysis wherever necessary
Recruitment, training, mentoring, and development of staff
Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial, and Management Accounting functions.
Risk Management to ensure the business has a solid risk framework in place
Overseeing commercial decision making from tender analysis, margin analysis, pricing analysis etc
Advising and implementing best practice methods to increase revenue and reduce costs
Advising on market changes and providing strategic financial recommendations to the ELT
Managing and tracking budget and accounting information including billing, collections, and tax information
Reviewing all formal finance, HR, and IT related policies and procedures
Keep track of all operational metrics and publish them on a daily basis
Optimize business levers and highlight factors which could lead to increase in revenue
Keep a close eye on operational levers and factors affecting business performance & highlight the same vide weekly and monthly MIS reports
Outline problems, identify constraints, help create opportunities and solutions for business.
Assist the Unit head in drawing the Annual operating plan
Liaise with Business & IT to help fix foreign exchange billing, revenue optimization and other initiatives of the hospital
Revenue Assurance
Help establish key internal controls to ensure that there are no revenue leakage/missed revenue opportunities
Kept track of the performance and utilization of the various high-end diagnostic & other types of equipment in the hospital and report them on a monthly basis
Keeps track of the ROI of various high end equipments and suggest measures to improve them
Ensure that the tariff master is updated periodically and ensure that new service lines are created for all new services as and when offered
Assist the Group CFO in analysis as and when required, drawing up various MIS reports as and when required
Keep track of all costs and advise business on cost optimization measures
Slice and dice revenue streams, performance of doctors & other cost line items to provide insights on how to maximize revenue and optimize on costs
Publish weekly MIS and Monthly MIS on time
Other assignments based on requirement
Scrutiny of Accounts (General and Subsidiary ledgers)
Verification of expenses including Trend Analysis, Annual forecasting and Variance Analysis
Key Competencies & Skills:
Strategic thinking and financial acumen
Advanced financial analysis and data-driven decision-making
Strong knowledge of healthcare financial regulations and compliance
Leadership and team development
Stakeholder management and communication
Problem-solving and risk assessment
Proficiency in financial systems (ERP) and reporting tools
Qualification : BA / Master Degree in Accounting
Experience : 10+ years
Apply through THIS LINK
Fields Of Study
Accounting
Skills Required
Management of Financial Resources
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