JOB PURPOSE
Provide financial information including costing data, financial performance, budgeting and forecasting for management to track, manage and make future financial decisions.
Make recommendations based on financial analysis for ease of management decisions.
Responsibilities
1. Month end closing activities for AMKH investment portfolios:
- Obtain and verify each investment bank statement and prepare journal entries.
- Undertake monthly reconciliation between GL and bank statements.
- Prepare and obtain signatories from Board of Directors on any Fixed Deposits renewal/placements and other ad-hoc bank documents (e.g. Money market placements)
2. Annual budgeting exercise:
- Lead and manage annual budget exercise.
- Prepare and disseminate budget templates to various departments.
- Conduct refresher roadshow annually and ad-hoc training.
- Consolidate and review all budget submissions by user.
- Seek budget approval.
3. Monthly hospital financial performance, variance analysis and business partnering strategies:
- Perform month end closing and reporting.
- Prepare and analyse financial performance for entire hospital and various business units.
- Provide monthly financial performance and analysis (including manpower and capex tracking) for various departments.
- Review and monitor, including making comparison with current year budget against prior year performance and month to month performance.
4. Annual pricing and norm cost revision exercise:
- Obtain government annual norm cost adjustment quantum.
- Analyse and provide financial impact on price/norm cost adjustment.
- Make recommendations on proposed price for various business unit.
- Upon approval (from Management & MOH), coordinate with MIS and BO to test in SAP and ultimately go-live as per timeline.
5. Service and Tenancy agreements management:
- Obtain sufficient information and subtenant requirement to draft contract agreements.
- Work out reasonable proposed price based on hospital charging model and subtenant request.
- Provide financial impact for Procurement to make decisions for contract renewal.
- Monitor and track all subsequent agreement.
6. Annual costing exercise on procedures, service codes and consumables:
- Periodic updates on costing of AMKH services, procedures and consumables.
- Coordinate with various departments to understand workflow (if any changes) and update accordingly.
- Gather costing data from users (including manpower cost from payroll/HR).
- Upon confirmation, seek approval and conduct UAT testing before going live in SAP.
7. Ad-hoc projects (e.g. MOHH costing exercise, support in annual audit, etc…):
- Participate in MOH costing exercise.
- Retrieve data and submit to internal/external requestor.
- Coordinate with departments and update MOHH on queries, e.g. MOHH FY20/21 costing exercise.
8. SAP system maintenance / System transformation project:
- Timely update of new GL codes, project codes and cost centres accurately into system.
- Maintain and update system master list such as service codes, charge codes, GL codes, project codes and cost centres to make necessary charges based on hospital needs.
- Participate in cluster system transformation such as NGEMR, BT, iPharm, etc.
Requirements
- Bachelor’s Degree in: Business in Accountancy
- Minimum 4 years of relevant working experience
- 3 years of Supervisory experience
