Medical Finance Manager

Confidential; Riyadh; On-site; SAR 260,000 - 380,000; Full time

Job summary

Confidential – Healthcare Sector in Riyadh invites a Finance Manager to lead financial operations, strengthen controls, and drive performance in a hospital setting. The role demands proven leadership in financial management and a hands-on approach to complex healthcare finances.

You will oversee IFRS reporting, budgeting, cash flow, and the revenue cycle, ensure VAT and ZATCA compliance, and coordinate with internal and external auditors.

Qualifications

• Bachelor's degree in Finance or Accounting.
• Minimum 4 years as Finance Manager, hospital experience preferred.
• Strong IFRS, VAT and ZATCA knowledge.
• Proven leadership in financial planning, budgeting and reporting.

Responsibilities

• Lead and oversee all financial and accounting operations with accuracy and compliance.
• Prepare IFRS-based statements and manage monthly, quarterly, annual reporting.
• Develop budgets, forecasts and variance analyses; monitor cash flow and costs.
• Oversee revenue cycle, payer interactions, and financial reconciliations.
• Coordinate with auditors and ensure timely audits; maintain internal controls.

Skills

Leadership

Analytical thinking

Communication

Education

Bachelor's degree in Finance/Accounting

SOCPA / CPA / CMA / ACCA (certifications)

Tools

SAP S/4HANA

Job description

Location: Riyadh, Saudi Arabia

Employment Type: Full-Time | On-Site

Company: Confidential – Healthcare Sector

Job Summary

A leading healthcare organization in Riyadh is seeking a highly qualified and experienced Finance Manager to oversee financial operations, strengthen financial controls, optimize financial performance, and support strategic business decisions.

The ideal candidate must demonstrate proven leadership experience in financial management, along with a strong background in hospital financial operations.

Key Responsibilities

• Lead and oversee all financial and accounting operations, ensuring accuracy, efficiency, and regulatory compliance.
• Prepare and review monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
• Develop annual budgets, financial forecasts, and variance analysis reports.
• Manage cash flow, liquidity, financial planning, and cost optimization initiatives.
• Oversee accounts payable, accounts receivable, general ledger, and financial closing processes.
• Monitor hospital revenue cycle performance, including medical insurance receivables, collections, and financial reconciliations.
• Analyze healthcare service costs, profitability, and financial performance indicators.
• Ensure compliance with Saudi financial regulations, VAT requirements, and ZATCA guidelines.
• Establish and maintain effective internal controls, financial policies, and risk management procedures.
• Coordinate with internal and external auditors to ensure compliance and timely audit completion.
• Lead, manage, and develop the finance and accounting team.
• Provide financial insights, performance reports, and strategic recommendations to senior management.

Qualifications & Requirements

• Bachelor's degree in Finance, Accounting, or a related field.
• Minimum 4 years of proven experience as a Finance Manager (Mandatory).
• Minimum 4 years of direct financial management experience in hospitals (Mandatory).
• Strong knowledge of hospital financial operations, healthcare revenue cycles, insurance receivables, and collections.
• Solid understanding of IFRS, Saudi financial regulations, VAT, and ZATCA requirements.
• Demonstrated expertise in financial planning, budgeting, forecasting, financial reporting, and cost management.
• Proficiency in ERP systems; experience with SAP S/4HANA is highly preferred.
• Strong leadership, analytical, problem-solving, and decision-making skills.
• Excellent communication skills and proficiency in English.
• Professional certifications such as SOCPA, CPA, CMA, or ACCA are highly preferred.

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