Objective:
The primary objective of this role is to adeptly manage the financial resources of the Group via strategic cash management, efficient working capital practices, and precise financial planning. The role aims to ensure optimal liquidity for daily operations, streamline working capital processes, provide accurate cash flow forecasts, and implement improvements in payment processes to enhance efficiency and reduce errors. Building and nurturing strong relationships with bank partners is key to negotiate terms to optimize services and explore potential financial deals that align with the Group’s objectives
Responsibilities
1. Cash planning and reporting
- Develop cash flow forecasts for short-term (quarterly) and long-term financial planning for whole Group. Propose plan and execute cash plan to ensure timely funding requirements for operation and investment.
- Consolidate monthly cash flow reports from 24 entities, review data accuracy, and ensure timely submission. Monitor and follow up on cash transfers from hospitals to Head Office according to the cash plan.
- Prepare regular reports on cash positions, highlighting variances and trends. Monitor daily cash positions and optimize liquidity to meet operational needs.
- Provide insightful analysis to support strategic decision-making
2. Working capital management
- Lead the processes related to strategic vendors at Group and collaborate with functional teams (Procurement) to optimize working capital level.
- Prepare working capital report on a monthly basic for Group with variance and abnormal analysis.
- Maintain a close and regular review with Hospitals to ensure healthy working capital cycle by focusing on timely collections, on-time payment, and optimal inventory levels.
- Work with vendor to collection receivable at HQ level
3. Process improvements for payments
- Identify opportunities for process enhancement in payment workflows.
- Implement improvements to increase efficiency, reduce errors, and enhance controls.
- Collaborate with relevant teams (IT) to streamline payment authorization and execution
4. Financial institution relationship management
- Build and maintain strong relationships with banks partners and financial institutions.
- Work with bank partners on bank documents relating to loans, bank accounts and projects
- Explore potential terms and conditions to optimize banking services and minimize costs.
