Regional Financial Manager

A vacancy exists for a Regional Financial Manager, based at 50 George Storrar Drive, Pretoria, 0027, reporting to the General Manager Inland and a key individual in the management team for the region. The individual is primarily responsible for ensuring proper analysis, identification of corrective action and directing implementation of corrective action by various team members in the region to improve the financial performance of all operations within the region. In addition, the individual is required to coordinate projects by Corporate to manage optimally the capacity of the various units on a risk basis. The individual is also responsible, together with the General Manager, to evaluate new projects be it brownfield, greenfield or corporate finance related activities i.e. business acquisitions, disposals, etc.
Critical Outputs Management Information and Financial Analysis Ensure Finance & Admin Managers have the appropriate tools to monitor financial performance. The tools include dashboards, doctor level activity, etc.Assist Finance & Admin Managers to interact with appropriate matrix function to identify root cause of drop in financial performance, to identify corrective action and assist in implementation of actions.Represent the specific region in discussions regarding and in the development of various reimbursement modelsProvide reports, analysis and guidance to the region to assist it in achieving budget profit and performance targets via management and control of turnover, cost of sales and overheadsMonthly analysis of overheads at a regional level and hospital level, including benchmarks and ratiosAssist Finance & Admin Managers in identifying overspends and ensure appropriate plans are prepared to correct overspendsGuide regional teams to identify and improve overheads in the regionImplement a system to identify and share BOP'sEnsure the region has implemented appropriate actions to manage the validity, completeness, accuracy and valuation of all assets and liabilities of the regionAssist the GM and RM in identifying growing the region through brownfield expansions, greenfield expansions and acquisitionsBe the expert in corporate finance activities in the regionEnsure F&AM's have an appropriate understanding of VBC principles and that they are supporting the HM's with the provision of relevant information, analysis and doctor engagementsSupport the preparation and assist with the review and monitoring of Hospital Specific 5-year strategic plans Budgeting Work with central finance, GM, RM's and head office functions in developing the budget guidelines for the new yearAct as liaison between head office and the business regarding the budget process to ensure, amongst other things, that parameters and timelines are metReview the hospital and regional budgets with the GM with a view to perfecting them for final presentation to the COO, CFO and CEO including:Sensible trending of monthly budget with appropriate reasoning and logic on each major income and expense categorySensible capex budget to address needs of region but also to deliver appropriate returnsAppropriate correlation between income statement, balance sheet and cash flowsComplete and manage the regional budget within guidelines Effective Financial Control & Governance Ensure F&AM's have implemented appropriate controls to manage and report regional capital expenditure.This includes monitoring of:Regional Capital Expenditure cash flowQuality control of capex submissionsCompliance with processes and deadlinesModel preparation and / or reviews where requiredCompliance with executive constraintsGM reviewAssist with Project evaluations (RIRR/ROI) and coordination of investment committee and other submissionsCoordinate bad debts and stock schedules for the region and ensure that outlier reports are timeously submitted and relevant actions are communicated.Support compliance with other relevant Life policies and proceduresEstablish and maintain a strong financial control environment, managing the control of company assets, with special emphasis on cash and fraud prevention measuresOngoing Policy and Process development and review with FSC, including regional account reconciliation review and capital expenditureCoordinate Quarterly F&A Compliance Checklist and annual audit checklistsProvide regional input into the Delegation of Authority (DOA) document and JSE attestationOngoing training for HM's and F&AM's and monitoring of compliance to the company's DOA Statutory Compliance Coordinate requirements for the annual external audit for the regionCoordinate completion of the annual financial statements and review where required for all statutory entities within the regionFacilitate planning and execution of the internal audits within the regionAssist the facilities in the region to achieve Green Internal Audit Ratings and External Audit reports that contain no material financial issues more serious than "housekeeping" mattersSupport and facilitate admin processes to align with FSC policies and processing deadlines and to enable compliance with Executive Constraints, IFRS, Companies Act & other Statutory Requirements (Tax, Vat, SDL, STC)Together with Group Secretarial, ensure compliance with secretarial requirements for regional statutory entitiesParticipate actively in board roles and support, including dealing with doctor shareholder mattersManaging the review and approval of profit distributions, Annual Financial Statements and resolutions that relate to financial decisionsReview and facilitate all proposed and actual share transactions and changes in ownership and directorship Credit Control & Patient Services Review weekly Shaka reports for internal and external DSO's as well as collections versus targetIdentify poor performers and ensure that issues are identified and addressedFacilitate resolution of problems with relevant central resourcesDrive actions to continually improve DSO and share best practicesOn an exception basis, monitor compliance with the debtors and patient services protocolsAttend Quarterly Regional Shaka meetings in the regionMonitor stock cover levels, including dead and obsolete stock and drive actions to improve where requiredProvide support, analysis and guidance to the business to assist in achieving cashflow targets, including internal and external DSO, stock coversInteract with NCR and patient services support teams where applicable and implement national, group or regional projects or initiativesEnsure adequate provision for doubtful debts on all debtor carrier code groupings and adhere to hand-over and write-off protocolsDrive ECL provision analysis, understanding, trending and mitigation People Management & Leadership Represent the region in all discussions and projects regarding the finance and administration functionsIdentify best practices across the business and share these across the region where applicableFormal input into the JPM's of the F&AM's in the regionTake co-accountability for the succession planning of F&A's in the regionOversight of regional F&A recruitment, staffing and retentionEnsure Transformation/EE is a consideration in recruitment, talent management, retentionIdentify training gaps and ensure they are filledNetwork regularly with head office functions, more particularly NCR, Patient Services, Pharmacy, Procurement, FSC and Group ReportingProvide direction and inspire positive work amongst teamVisibly support the LHC operating model by partnering with cross functional teams and influence positive outcomes (line operations and enabling functions)Participate actively in various leadership teams Requirements CA (SA) or similar with completed articles is essential5-7 years' Relevant operational experience, preferably financial management in a corporate services environmentSpecific experience in credit risk management and customer credit control will be an advantageInsight into hospital operational functioning and medical aid fundingAbility to learn industry specifics i.e., related healthcare terminologyComputer proficiencyCommercial and operational experience in the healthcare sector would be an advantageExperience in financial management and financial reportingUnderstanding of the basic principles of International Financial Reporting Standards (IFRS)Understanding of basic key commercial legislation (e.g. Companies Act, Income Tax Act) and their implications on the businessGood knowledge of Excel, Word and PowerPointOwn transport and ability to travel regionally and nationally when required Competencies Problem-solving, analysis and judgementResilienceVerbal & written communication and presentationFinancial acumenEthical behaviourAttention to detailBuilding relationshipsCustomer responsivenessOrganisational awarenessExcellence orientationLead by exampleMotivating and developing people Email: ****** Closing date: Thursday, September 12, 2024
Internal applicants - Before making an application, you are requested to discuss your application with your line manager. External candidates will also be considered.
Life Healthcare is an Equal Opportunity Employer.
Thank you for your interest in this opportunity. Kindly note that only shortlisted candidates will be contacted. Applicants who have not been contacted within two weeks of the closing date of this advert, should consider their application as unsuccessful.

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