Finance Manager Job at Avenue Healthcare - Kisumu Hospital
Purpose Statement: Our purpose is to enable and maintain health.
Mission: To provide high quality care that exceeds our clients’ expectations.
About Avenue Healthcare
Avenue Healthcare is one of the leading private healthcare groups in East Africa running 3 Hospitals, and 16 Medical Centres across Kenya, and a Home-care business. With over 25 years in the healthcare industry, Avenue Healthcare runs 300 hospital beds with over 1,000 staff members, and more than 400 specialists and serves over 400,000 patients annually, offering primary, secondary, and tertiary healthcare services.
The Finance Manager serves as the principal financial advisor to the Group Chief Financial Officer, Hospital General Manager and a key member of the hospital's leadership team.
Job Objective
To provide full-spectrum financial and team leadership to the Avenue Hospital Business Unit by overseeing its financial operations, supply chain, revenue cycle management, budgeting, internal controls, compliance, CAPEX deployment and strategic financial planning in order to ensure sustainable profitability, financial integrity, and alignment with the Group's standards of Quality, Integrity, Respect, Passion, and Innovation.
Main Responsibilities
1. Budget and Reforecasting
- Lead the preparation and consolidation of the hospital's annual operational and Capex budgets
- Support periodic reforecasts based on performance trends and changing business conditions
- Monitor adherence to approved budgets and highlight significant deviations
- Work with strategic units to drive roll outs of budgetary initiatives
2. Financial Reporting & Analysis
- Prepare timely and accurate monthly management accounts and variance analysis
- Monitor departmental financial performance and enforce accountability
- Ensure compliance with IFRS and Group standards
- Evaluate and analyse capital expenditure proposals
3. Capital Planning, Reporting & Project Performance
- Prepare papers for capital projects and other financial approvals
- Develop robust business cases including ROI analysis, IRR and payback calculations
- Track and report post-investment performance against approved projections
- Maintain capital expenditure register and performance dashboards
4. Revenue Cycle Management
- Monitor claims submission, reconciliation, rejection analysis and collections
- Drive reduction of Days Sales Outstanding (DSO)
- Ensure pre-authorizations and benefit validations compliance
- Implement revenue assurance controls to prevent income leakage
5. Payables Management
- Ensure supplier payment discipline aligned to cashflow
- Monitor creditor ageing
- Maintain healthy supplier relationships while protecting liquidity
6. Inventory Governance & Stock Control
- Oversee inventory valuation accuracy
- Ensure regular cycle counts and periodic full stock takes
- Implement controls to minimize expiries, shrinkage, and obsolescence
- Monitor inventory turnover ratios
7. Asset Management & Fixed Asset Control
- Maintain accurate fixed asset register
- Ensure proper capitalization vs expense classification
- Oversee tagging and physical verification of assets
- Lead asset audits and impairment assessments
8. Procurement & Supply Chain Oversight
- Ensure procurement processes comply with policy and governance requirements
- Review and approve procurement requests
- Monitor supplier performance and cost efficiency
- Drive cost optimization through strategic sourcing
9. Efficiency & Working Capital Management
- Monitor actual performance against budget, analyse variances
- Implementation and coordination of cost management initiatives
- Optimize and manage stock levels
- Supervise Hospital credit teams for timely collections
10. Internal Controls, Risk & Audit
- Strengthen financial control environment
- Lead preparation for internal and external audits
- Ensure statutory compliance
- Enforce documentation standards
11. Service and Product Pricing
- Develop and maintain hospital pricing structures
- Tracking of unit costs and prices
- Monitor changes in costs and update pricing appropriately
12. Automation & Systems
- Identify opportunities to automate financial processes
- Ensure data integrity between HSMIS and ERP
- Monitor system performance and coordinate with IT
- Develop automated reports and dashboards
13. Leadership & Team Development
- Lead, mentor and performance-manage direct reports
- Build a culture of accountability and financial discipline
- Develop financial literacy among operational managers
- Embed data-driven decision making across departments
Qualifications & Experience
- Education: Bachelor's degree in Finance, Accounting, Economics or related field; Master's degree preferred
- Professional Certification: CPA(K), ACCA or equivalent professional qualification (added advantage)
- Experience: Minimum 5 years progressive experience in finance leadership roles
- Industry Experience: Healthcare, private equity or high-growth organizations (added advantage)
- Skills: Strong knowledge of IFRS, tax regulations, financial governance, revenue cycle management, pricing strategy, financial modelling, ERP systems
What We Offer
- Competitive compensation package
- Opportunity to work with East Africa's leading healthcare group
- Professional growth and development
- Collaborative and innovative work environment
- Comprehensive benefits package
Avenue Healthcare is an Equal Opportunity Employer. Only shortlisted candidates will be contacted.
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