Job Description
JOB SUMMARY
The Finance Business Partner supports Sidra in meeting the financial and operational objectives to ensure the business is managed to the standards expected. The Finance Business Partner provides a link between the Executive Management, Business Units, Corporate departments and the Finance Team in relation to all finance functions and processes, ensuring robust financial controls and business analysis.
KEY ROLE ACCOUNTABILITIES
- Works with designated business units to improve communication, efficiency and effectiveness of finance processes, policies and procedures, and to share specialist knowledge as appropriate.
- Proactively works with the Sidra department Chief(s) and Directors, liaising with Finance to ensure that the Finance function becomes embedded in the business and provides value adding and innovative finance related advice and support.
- Works collaboratively with the hospital departments and Finance to provide specialist finance support services and information (e.g., budgeting, forecasting, preparation of various financial reports and regulatory requirements, etc.) as and when required.
- Negotiates the departmental budget to achieve a robust and defendable outcome for the relevant Chief.
- Develops business plans and develops forecasts as needed in conjunction with budget holders.
- Influences the strategic direction of Chief level stakeholders in how resources should be allocated and consumed to reach Sidra’s planning objectives.
- Provides operational departments with financial performance information to assist decision making and ensure managers achieve objectives (e.g. KPI’s, peer benchmark data, best practice).
- Sets departmental KPIs with key stakeholders as needed,
- Provides recommendations, and implements, changes to financial planning and budgeting based on industry best practices ,
- Supports the Finance Costing section by determining and providing apportionment / allocation data, calculates accurate service & product line costs.
- Ensures that the overall finance related processes are conducted in an efficient and effective manner.
- Builds and maintains strong and effective relationships with the all other related units to achieve Sidra’s goals/objectives.
- Integrating HR, Support Services, IT, and Finance activities across multi-disciplinary teams to achieve objectives for the departmental Chief.
- When required coordinates with internal and external auditors, and provide all required information to the concerned parties in order to facilitate the preparation of internal and external audit reports.
- Complies with Sidra’s set policies, procedures, management and regulatory requirements, and International Financial Reporting Standards (IFRS).
- Coaches and educates department heads on finance related activity including the use of financial tools and information.
- Stays abreast of the latest Finance related leading practices.
- Prepares and generates required reports, under the directions of the Director - Financial Reporting and Budgeting.
- Keeps the Director - Financial Reporting and Budgeting informed of significant issues that may jeopardize the achievement of Sidra’s goals.
- Deputizes for the Director - Financial Reporting and Budgeting as appropriate.
- Identifies areas for professional development, act to enhance professional development of self & others and maintains professional affiliations.
- Ensures high standards of confidentiality to safeguard commercially sensitive information.
- Advises on business planning assumptions, trade-offs and opportunities.
- Provides ad-hoc analysis and insights to department heads on finance-specific issues.
- Develops effective controls around processes where appropriate.
- Communicates effectively with internal and external stakeholders.
- Responds to queries, suggestions and complaints at a high level when necessary.
- Attends management and staff meetings as required.
- Adheres to Sidra’s standards as they appear in the Code of Conduct and Conflict of Interest policies
- Adheres to and promotes Sidra’s Values
QUALIFICATIONS, EXPERIENCE AND SKILLS – SELECTION CRITERIA
ESSENTIAL
PREFERRED
Education
Bachelor’s degree in Accountancy, Finance or Business Management (not online or distance learning)
Experience
- 8+ Years of progressive experience in finance mainly in a large organization, of which 5+ years of similar or related experience in financial management or management accounts in a large operational healthcare facility
- Experience working with budget holders in budget planning, setting, controlling & monitoring
- Experience of financial forecasting
- Experience explaining complex financial information to non-finance colleagues
- Experience of managing & recruiting a team
- Experienced in all-round finance for example Management accounts, General Ledger, Accounts Payable & receivable, Payroll and treasury function is highly desirable
- Experience in an organization with well-developed main stream ERP system
- Experience of presenting & discussing monthly management reports to chief/head of business units or to executive directors on 1:1 basis and at a business unit board meeting level.
Certification and Licensure
Qualified Accountant such as ACCA, ACA,CIMA, CGA, CPA, CIPFA or Masters in Finance or Business Administration, with post qualification experience of 2+ year
Professional Membership
Job Specific Skills and Abilities
- Knowledge of Budgeting and Forecasting
- Knowledge of Financial Management
- Advisory & Consultation skill
- Knowledge of Compliance & Regulatory Requirement
- Knowledge of Financial & Risk Analysis
- Demonstrated planning and time management skill
- Ability to deal confidently and diplomatically with colleagues at all levels, and with external contacts, including the handling of confidential/sensitive information
- Demonstrated ability in healthcare financial accounting and reporting
- Demonstrated ability with report writing tools.
- Demonstrated commitment to personal development (CPD)
- Professional proactive attitude
- Demonstrated advanced skills with ERP systems
- Proficiency with Microsoft Office suite
- Fluency in written and spoken English
Sidra Medicine a healthy population is essential to a strong, prosperous society, and throughout 2020, Sidra continued to provide uninterrupted comprehensive specialist healthcare services for children and young people; and exceptional maternity, gynecology, and reproductive medical services for women, previously unavailable in Qatar and the region.” – H.H Sheikha Moza bint Nasser, Chairperson of Qatar Foundation
Sidra Medicine represents the vision of Her Highness Sheikha Moza bint Nasser who serves as its Chairperson. This high-tech facility is home to world-class patient care, scientific expertise, and educational resources.