Responsible to cultivate a culture of strong financial control and compliance throughout the Finance Department through assessment, documentation, testing and monitoring of financial controls.
Essential Responsibilities and Duties
- Directs and manages the Department mandates and facilitating work processes in order to achieve performance standards.
- Ensures compliance with internal controls, policies and procedures and quality standards in the Risk & Financial Control Department.
- Responsible of verifying the vendor’s invoices with supporting documents to ensure the payment against the supplies/services received and as per the contract terms.
- Supervises the implementation of audit plans and direct the activities of the auditors.
- Establish a (Platform) to automate all financial transactions related to Risk & Financial Control in accordance with the applicable governance standards and in line with the General Organization’s strategies and goals.
- Oversees the development of risk control matrix (RCM) and self-assessment tools along with periodic review plan to assess the compliance of internal control for the finance departments.
- Ensures that SOPs, Policies and Procedures of various departments under finance department consist of required internal controls.
- Oversees risk control self-assessment pack result and resolve queries related to control weakness.
- Ensures awareness of the importance of internal controls to all staff of finance department.
- Oversees the process of various reconciliations performed by finance department to establish the accuracy of information flow between various systems.
- Actively participation in the management of change, with a visible expression of presence and attitude to change.
- Facilitates coalition between cross-functional and cross-business unit to drive alignment in achievement of the strategic and integrated vision of the hospital.
- Follows all Hospital related Policies and Procedures.
- Follows all Hospital related Policies and Procedures.
- Participates in self and others' education, training and development, as applicable.
- Performs other related duties as assigned.
Education
Master’s or Bachelor’s Degree in Accounting or Finance or related discipline is required.
Experience Required
Nine (9) years of related experience including four (4) years in a senior/ supervisorycapacity with Master’s, or elven (11) years with Bachelor’s Degree is required.
Other Requirements(Certificates)
Other professional accounting qualification such as COSO Internal Control certification, Financial Risk Management, Certified Management Accountant (CMA) etc. is preferred.Saudi National only.
