Senior Manager - Internal Control and Business Support-Planning and Forecasting

Role Overview

Senior Manager - Internal Control and Business Support - Planning and Forecasting at Sheikh Shakhbout Medical City (SSMC).

Role Purpose

Prepare financial effect analysis for expansion plans and new service introductions, coordinate automation of reporting using business intelligence tools, administer the finance control matrix and accounting policies, and manage the internal controls framework and enterprise risk management policies.

Key Responsibilities

Financial Modeling and Analysis

• Lead the financial modeling process for Financial Effect Analysis by coordinating with relevant departments to obtain required information.
• Ensure Financial Effect Analysis are aligned to ongoing strategic priorities.
• Assist in conducting bottom-up costing exercises to determine cost of services rendered.
• Produce a variety of ad hoc reports as required by management to assist in management decision-making.

Stakeholder Engagement and Negotiations

• Facilitate and support discussions and negotiations with Department of Health, insurance companies, and other stakeholders on costing and pricing of existing and new services.
• Assist the Research and Education division in costing and pricing of projects and facilitate data-driven price negotiations with sponsors and other stakeholders.
• Liaise with relevant stakeholders on costing and pricing of services.

Project and Expense Management

• Act as primary finance point of contact on major expansion projects and track actual expenses against approved budget.
• Report back to relevant workgroups and committees on project financial status.

Cost Optimization and Revenue Enhancement

• Initiate, develop, and track cost optimization plans in coordination with Supply Chain and other relevant stakeholders.
• Collaborate and participate as an active member of taskforces and committees such as Pharmaceutical brand selection taskforce and Tender evaluation committee.
• Facilitate prudent financial decisions to maximize revenue and minimize cost.
• Work closely with RCM team on revenue enhancement initiatives.

Business Intelligence and Reporting

• Develop, automate, and maintain reports using BI tools such as Qlik Sense.
• Provide necessary training to end users on BI tool reports.
• Provide training to team members on BI tools.

Financial and Accounting Governance

• Oversee financial and accounting policies for SSMC and have them updated on a periodic basis.
• Manage and monitor a robust Internal Control over Financial Reporting (ICFR) framework of international standards.
• Ensure controls have been adhered to and report departures and control weaknesses.
• Manage the maintenance and updating of the Financial accounting systems to keep pace with organizational changes.
• Make recommendations on system replacements where required.

Compliance and Risk Management

• Keep abreast of tax changes in the local environment and assess potential impact on SSMC.
• Maintain regulatory requirements including licensure, certification, and other mandatory training within established timeframes.

Accountability

• Ensure completeness and accuracy of reports and Financial Effect Analysis prepared.
• Complete assigned tasks in a timely and reliable manner.

Qualifications & Experience

Education

• Bachelor's degree or equivalent in Accounting, Finance, Commerce, Business Administration, or relevant field (required).
• Master's degree or equivalent in Accounting, Finance, Commerce, Business Administration, or relevant field (desired).

Professional Certification

• Recognized qualification such as CMA, CPA, ACCA, ACA, CA, CFA, or equivalent (required).

Experience

• 5–7 years of relevant progressive experience in a similar role (required).
• Experience in a large healthcare facility (desired).

Skills & Competencies

• Financial modeling and analysis.
• Business intelligence tools, specifically Qlik Sense.
• Internal controls framework and enterprise risk management.
• Cost analysis and pricing strategies.
• Stakeholder negotiation and engagement.
• Revenue cycle management.
• Financial accounting systems administration.
• Regulatory compliance and risk assessment.
• Training and knowledge transfer.