Director of Finance & Budgeting

Applications are invited from suitably qualified persons for employment in the post of DIRECTOR OF FINANCE & BUDGETING at the Millennium Heights Medical Complex. A. OBJECTIVE AND RELATIONSHIP Oversee all activities of the Finance Department, including the supply chain, to ensure proper execution of

Overview

Applications are invited from suitably qualified persons for employment in the post of DIRECTOR OF FINANCE & BUDGETING at the Millennium Heights Medical Complex.

A. OBJECTIVE AND RELATIONSHIP

• Oversee all activities of the Finance Department, including the supply chain, to ensure proper execution of functions, and compliance with both internal and external legislation and policies. Accountable for overall organisation budgeting, financials, administrative, and risk management operations of the business and oversee the development of financial and operational strategies and metrics as well. Build a review mechanism and infuse MIS for the function of effective decision making.

• Supervise the finance team, oversee internal controls, set financial targets, engage with investors, develop financial strategies, conduct feasibility studies, monitor expenditure, oversee annual insurance, monitor cash flow, evaluate investments, and manage tax compliance as per the International Financial Reporting Standards (IFRS).

• Serve in an advisory capacity to the Chief Executive Officer and the Board and play an integral role in financial policy formulation and implementation to facilitate sound decision making and compliance with various financial rules and regulations.

• Responsible for ongoing development and monitor financial control systems that are designed to preserve business assets, to enable accurate financial reports and desired results.

• Responsible to the Board, through the Chief Executive Officer, for the efficient management of the financial administration of the Millennium Heights Medical Complex (MHMC), and liaise with heads of department and other institutions on matters of finance and procurement and on other matters related to work in progress.

B. MAIN DUTIES AND RESPONSIBILITIES

Leadership/Supervisory Role:

• To manage the finance and procurement units through the implementation of the strategic objectives, developing annual work programmes, establishing SMART targets and directing the allocation of resources to enable the achievement of performance objectives and efficiency in operations.

• To oversee the business's transaction processing systems and implementing operational best practices applying financial and managerial accounting principles for the support of managerial responsibilities and for accountability and compliance with set standards, across the finance department and the supply chain function along with all other wider areas of business that have a direct impact.

• To ensure that there are effective internal controls as per the IFRS in both finance and supply chain. Ensure compliance is factoring in generally accepted IFRS accounting standards & principles as well as state legislation and regulations for financial accounting and tax reporting.

• To lead the department in various financial and supply chain analyses inclusive of profitability and costing analyses and direct recommendations to the business.

• To act as a mentor to key finance and supply chain department personnel, leading their training, encouraging their professional growth, and readying them for the succession of his functions in the future.

• Financial risk management (i.e. internal auditing, compliance with Financial Regulations (Finance Act), compliance with Accounting Standards. Etc.) Facilitate the auditing of financial records of MHMC by ensuring that all information/data requested by the authorised and approved authority for the overall accountability of financial resources is made available to them.

Management/Financial Management:

• To manage all processes relating to timely preparation of budgets and consolidation, financial forecasting, analysis and reporting conducted across the business.

• To build an open and collaborative culture across the Finance Department that ensures transparency and a free flow of information, leading to accurate financial recording and reporting.

• To compile financial reports, conduct financial information analyses, and present them to the business's stakeholder as well as to the Board members of MHMC.

• To manage cost efficiency exercises and analysis, enabling Business Development, Pricing Decisions, Contract Management process.

• To ensure the continuous improvement and maintenance of all accounting systems, policies, and procedures, and facilitates prompt remedial action whenever necessary to protect the integrity of MHMC.

• To manage the capital budgetary allocation in consultation with senior management and heads of departments. Continuous monitoring and evaluation, preparation of expenditure reports to ensure funding is authorised and disbursed in accordance with MHMC's work programme.

Strategy:

• To coordinate with the business's stakeholder and the Executive Team, offering insights and counsel relating to growth, strategic planning, and financial leadership.

• To develop financial and tax strategies as well as the management of budgeting processes and capital requests.

• To develop performance measures that are in support of the business's financial goals and the business's overall strategic direction.

Collaboration and Support:

• To work hand-in hand with the CEO, the executive team and the stakeholders in strategy formulation for the overall direction of the business, seeking a full range of business solutions.

• To work with individual departmental leadership to provide financial support while ensuring operational compliance with business and state financial policies and procedures.

• To assist all departments by providing relevant financial information for the preparation of the annual budgets, and advise on procurement and financial matters to ensure pertinent information is available for forecasting. To ensure that the funding required to purchase goods and acquire services are budgeted for, and are available.

C KNOWLEDGE, SKILLS AND ABILITIES

• Working level knowledge of, and ability to analyse, interpret and apply MHMC's Staff Rules, Human Resource Policies and Procedures, Departmental Guidelines, Standard Operating Procedures and Policies, and the relevant Collective Agreement.

• Advance level knowledge of, and ability to analyse and interpret the Pensions Act, Estimates of Expenditure, the Saint Lucia Constitution Order, and the Labour Act.

• Expert level knowledge of Financial regulations, internal audit compliance, and accounting standards.

• Effective supervisory and problem-solving skills, including conflict management.

• Ability to interpret, understand and effectively apply procedures, rules and regulations, and pertinent legislation.

• Advanced administration and management skills with the ability to provide strategic guidance, planning and resource allocation; strong leadership and motivation techniques and the ability to coordinate people and resources.

• Expert professional experience in accounting, auditing, and billing functions.

• Ability to keep accurate records of all finances (Revenue and Expenditure) for MHMC.

Functional Skills:

Key: C: Critical I: Important D: Desired

C - Attentive to detail

C - Self-motivated and result-oriented approach to work

C - Strong organizational skills

I - Ability to multi-task and deliver against competing priorities

C - Ability to build strong relationships and work as part of inter-disciplinary teams

I - Ability to strive in a fast-paced and demanding service environment

C - Able to operate autonomously and demonstrate initiative in problem solving, decision making and a proactive approach to the job.

C - Confidentiality and trustworthiness.

C - Initiative and resourcefulness in the conduct of duties.

I - Strong communication (oral and written) and interpersonal skills.

I - Ability to relate to a diverse working environment.

Business Skills

I - Computer Literate in a Microsoft Suite (Word, Excel, Power Point, Outlook, etc.) I - Report/business Writing Skills

I - Supervisory Skills

ACADEMIC QUALIFICATIONS AND EXPERIENCE

• Advance Certificate in Accounting, Auditing or a related field from an accredited institution plus five (5) years of relevant, related or equivalent experience.

OR

• Master's Degree in Accounting, Auditing or a related field from an accredited institution plus four (4) years of relevant, related or equivalent experience.

OR

• Bachelor's Degree in Accounting, Auditing or a related field from an accredited institution plus Post Graduate Diploma in Accounting, Auditing or a related field from an accredited institution and four (4) years of relevant, related or equivalent experience.

SALARY

Salary is commensurate with qualifications and experience.

When submitting your application please indicate the title of the position which you are applying for in the SUBJECT LINE. Interested persons are invited to submit a letter of application, Curriculum Vitae, along with certified copies of documents pertaining to qualifications, plus two (2) recent references via email and addressed to:

Chief Executive Officer

Millennium Heights Medical Complex

Millennium Highway

Castries, St. Lucia

The deadline to send applications is December 29, 2023 .

Only shortlisted candidates will be contacted.