Director of Finance at Korle Bu Teaching Hospital

• The Director of Finance shall be responsible for the functions of health financing and the mobilization, management and accountability of financial resources.
• This is to ensure that the required inputs for service delivery are available at all times at the most competitive prices.

• Liquidity: the ability to payoff short-term debt obligations,
• Financial management: the degree of prudent financial management and
• Budget management: the extent to which projected revenues and expenditure are achieved in line with the prepared budget.
• Develop systems to identify loop holes and plug them and also ensure compliance to the Financial Administration Regulations (FAA/FAR) Act.
• Review and implement a revenue generation model, develop and implement a plan for cost saving, establish and implement transparent, efficient and accountable revenue collection systems for all revenue points.

• Develop and implement financial policies for KBTH in accordance with existing laws Establish and maintain appropriate internal control system to safeguard the Hospital’s assets
• Ensure preparation of financial and management reports for operations of the Hospital and other statements of accounts for Internal and external purposes.
• Provide direction and support for Sub BMCs with their financial management responsibilities in line with KBTH vision.
• Ensure that accounting systems that meet acceptable financial standards are developed and implemented in KBTH.
• Develop and implement information systems that meet the financial requirements of the Hospital.
• Provide policy and direction in the preparation and execution of realistic budget for KBTH
• Ensure the execution, allocation and control of realistic budgets.
• Develop a leakage proof system that improves revenue mobilization in the Hospital.
• Review and implement a revenue generation model, develop and implement a plan for cost saving, establish and implement transparent, efficient and accountable revenue collection systems for all revenue points.
• Initiate activities towards evaluating financial performance in directorates and units of the Hospital and to provide feedback.
• Monitor and evaluate performance of actual expenditure against fiscal allocations.
• Assure the integrity, completeness and timeliness of financial data from all Sub BMCs and units.
• Undertake physical verification of stocks and accounts in any unit of the Hospital at any time.
• To ensure that Financial Records and Reports are prepared accurately and timely.
• Develop and promote mechanisms to support and monitor the financial performance of all departments;
• To ensure the timely transfer of GOG and external Donor Funds to all levels
• To provide effective cost management systems and ensure the proper control and valuation of stocks held by the Ghana Health Service;
• Institute financial management policies, systems and controls to safeguard assets of the Service, assure accountability and promote efficiency;

• Provide effective leadership and management to allied health teams, fostering a positive work environment, and ensuring staff are equipped to meet the needs of patients in the Hospital
• Lead in Budget Preparation and Procurement Plans of the Directorate
• Lead in the preparation of Programme of Work (POW) and Action Plans of the Directorate
• Attend Central Management Team Meetings
• Responsible for Performance Review Programmes/Meetings of the Directorate
• Responsible for Finance Directorate Management Team Members Meetings

• Must have at least a post graduate qualification in Finance/Accounting and professional qualification in CIMA/ICA

• Member of a recognized professional body and in good standing.
• The applicant must have at least fifteen (15) years working experience as an Accountant with at least eight (8) years post-qualification experience as a Chartered Accountant and in a Senior Management position.
• Must be at the level of Deputy Director or Chief Accountant and above
• Evidence of leadership and continuing professional development and training in Management field.
• Must have hands-on experience, as well as advance knowledge in Computer skills and be an effective team player.
• Experience of multi-agency networking, project and budget management.
• Experience in Project Financing, Planning, Appraisal and Analysis.
• A broad knowledge base and experience of Hospital and Sector policies and operating procedures.
• Knowledge and experience of quality assurance.
• Experience of working in a multi-disciplinary team environment.
• Supervisory/team leadership experience.
• Wide range of experience in all aspects of hospital services.
• Research experience.
• Hands-on Accounting/Finance experience.

• A broad knowledge and experience of Health Sector Policies and Operating procedures and Financial Software applications
• A broad knowledge of financial rules and regulations particularly with regards to the health sector
• Have advanced skills in computer usage and hands-on experience in financial management applications
• Ability to establish networks within and outside the Hospital and utilize this to achieve the Hospital objectives and goals
• A broad knowledge base and experience of legal framework underpinning finance management of Government of Ghana (GOG), Ministry of Finance (MOF) and other agencies
• Demonstrate professional, clear and compassionate communication with staff, clients and community partners of the Hospital.
• Ability to accurately and effectively assess problems and identify and implement solutions.
• Ability to create a climate of trust and mutual respect, increasing the potential for employees to be productive and to feel welcome, valued, and motivated.
• Effective delegation to ensure staff are able to meet the expectations and requirements of their job and to ensure all staff are able to develop new job skills and competencies.
• Knowledge to demonstrate commitment and dedication to the work, the clients, and the Hospital.
• Knowledge and experience of health services quality assurance.
• Knowledge in implementing change.

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