South Africa: Finance Manager – Medical Industry posted by Deka Minas (Pty) Ltd

About the Role

Deka Minas (Pty) Ltd, a trusted and well-established Diamond status Private hospital in The Middle East, is seeking an experienced Finance Manager to join our team. We are looking for a highly skilled professional to oversee financial operations at our private hospital. The primary focus of this role will be on cash flow management and ensuring overall compliance with state laws and regulations.

Key Responsibilities

• Manage the hospital’s cash flow, including forecasting, monitoring, and optimizing cash reserves to meet operational needs and financial obligations.
• Ensure compliance with state laws, regulations, and financial reporting requirements, including tax filings, licensing, and statutory reporting.
• Prepare and analyze financial statements, reports, and budgets, providing insights and recommendations to support decision-making by senior management.
• Collaborate with departmental heads and finance teams to develop and monitor departmental budgets, ensuring alignment with organizational goals and financial targets.
• Conduct financial analysis and variance analysis to identify areas of improvement and implement cost-saving initiatives.
• Manage accounts receivable and accounts payable processes, optimizing cash conversion cycles and minimizing financial risks.
• Coordinate with external auditors and regulatory agencies for audits and compliance reviews, ensuring timely and accurate submission of financial documents and reports.
• Provide financial support and guidance to operational teams, assisting with financial planning, analysis, and performance monitoring.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience as a management accountant or financial analyst, with a minimum of 5 years of experience in a healthcare or hospital setting.
• Strong knowledge of cash flow management principles, financial reporting standards, and state laws and regulations governing healthcare finance.
• Proficiency in financial analysis tools and software (e.g., Excel, SAP, ERP systems), with the ability to generate accurate and insightful financial reports.

Qualifications

• Professional certification (e.g., CPA, CMA) preferred.
• Completion of a recognized accounting or finance program.
• Membership in professional bodies such as the South African Institute of Chartered Accountants (SAICA) or the Association for Financial Professionals (AFP).

Salary & Benefits

The salary for this position is competitive and commensurate with experience. Additional benefits include relocation, accommodation, and other perks.