Summary:
This role will oversee the financial planning within a healthcare organization, playing a critical part in driving financial strategy, ensuring business sustainability, and supporting growth through insightful financial leadership.
Responsibilities:
- Lead Financial Planning Department: Independently manage and lead the financial planning department, ensuring alignment with overall business objectives and working closely with senior leadership to drive strategic decisions.
- Annual Budgeting: Oversee the annual budgeting process, setting financial and operational targets, allocating resources, and preparing detailed budgets by country, branch, and key services.
- Rolling Forecasts: Manage 12-month rolling forecasts, updating year-to-date (YTD) performance, identifying risks and opportunities, and developing strategies to close performance gaps, adjusting forecasts to reflect market conditions and internal performance.
- Performance Reporting: Coordinate with cross-functional teams (HR, Marketing, Operations, Sales, etc.) to prepare periodic financial and operational performance reports. Provide detailed insights and recommendations to the management team in monthly performance reviews.
- Comprehensive Performance Decks: Partner with various departments to compile comprehensive performance summaries, ensuring representation of key performance indicators (KPIs) and financial health across all functions for internal and external reporting.
- Board Reporting: Prepare and present quarterly updates, insights, and recommendations to the board of directors, executive committees, and senior management. Develop clear, concise, and data-driven presentations that support decision-making.
- Long-Term Planning: Lead the development of strategic long-term financial plans (5+ years), including scenario planning and sensitivity analysis for major projects and investments, considering revenue diversification and cost optimization.
- Feasibility Studies: Conduct detailed feasibility studies and profitability assessments for new business opportunities, service expansions, and campaigns. Evaluate risks, return on investment (ROI), and overall impact on the business.
- Financial Modeling Expertise: Develop and manage advanced financial models, business plans, and scenario analysis. Provide insights into potential outcomes, cash flow forecasting, capital requirements, and profitability.
- Communication & Stakeholder Engagement: Develop strong relationships with internal and external stakeholders, including department heads, auditors, and external consultants. Possess the ability to translate complex financial data into actionable insights for nonfinancial stakeholders.
- Mergers & Acquisitions (M&A) Support: Support M&A activities by conducting financial due diligence, integrating financial planning for acquisitions, and ensuring seamless alignment with overall financial strategies.
- Cost Management & Optimization: Identify opportunities for cost optimization across the organization by conducting detailed analysis of cost structures, benchmarking against industry standards, and recommending efficiency improvements.
- Cash Flow & Working Capital Management: Monitor and manage cash flow projections, working capital, and liquidity to ensure the financial stability and operational efficiency of the business.
Qualifications and Experience:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Master’s degree in Finance or Business Administration (MBA) is highly desirable.
- CPA, CFA, CIMA, CMA or ACCA certification is required.
- Additional certifications in financial analysis or business planning would be a plus
- Progressive Experience: Proven track record with at least 10-15 years of experience in financial planning, budgeting, and analysis within large multinational or regional organizations, within the GCC.
- Healthcare Industry Experience: Experience in the healthcare sector is a strong advantage, with an understanding of industry-specific challenges such as regulatory environments, cost management, and service delivery models.
- Bilingual Proficiency: Fluency in both English and Arabic is essential, with the ability to produce and present financial reports in both languages.
- Technical Expertise: Expertise in enterprise performance management (EPM) and budgeting tools (Board, Jedox, Hyperion, Anaplan, etc.). Proficiency in advanced Excel modeling, financial analysis tools, and data visualization software.
- Leadership & Team Management: Strong leadership capabilities with experience managing and mentoring teams, fostering a culture of continuous improvement and financial accountability.
- Strategic & Analytical Thinking: Demonstrated ability to develop long-term financial strategies, conduct scenario planning, and provide insights that drive business growth and operational efficiency.
- M&A Experience: Prior experience in supporting M&A activities, including financial modeling, due diligence, and post-merger integration, is highly desirable.
- Change Management: Ability to lead financial transformation initiatives and drive process improvements, especially in aligning financial planning with evolving business strategies. Minimum