Job Details
Posting Date
17/11/2022 Expiry Date 17/12/2022 Job Reference Number: 2017-2022-11-17T11:10:37
Financial Analyst
Category Non Faculty Vacancies
College Departments
Department Finance Department
Job Purpose

To support the continuous improvement of financial and administrative processes, review existing policies and procedures, propose enhancements as appropriate, facilitate the procurement process and liaise with the concerned teams to prepare the annual budget in line with the Hospital’s strategic and annual plans.

Main accountabilities & expectations
  1. Perform financial analysis and generate timely financial reports for the Dental hospital (including but not limited to accounts payables, accounts receivables, and funding availability).
  2. Monitor the center revenue on a monthly basis and prepare financial revenue reports to be submitted to the hospital management for their review and any other relevant UoS stakeholders.
  3. Review the hospital petty cash account, and ensure that cash collections are handed over to the Finance department, and deposited correctly and in a timely manner.
  4. Audit all purchase order details requested by the hospital, supervise store activities like receiving and issuing of materials, review the stock valuation, quantity, price, non-active stock items, damaged stock items, provision for non-moving stock items, etc.
  5. Streamline the existing processes of revenue charges, collections, vendor payments, receivables, reconciliation, etc.
  6. Assist the relevant financial planning and analyst team members in preparing the annual budget for the hospital by gathering information from the Directors, developing a suitable budget plan, communicating with the Finance department, and monitoring and reporting the progress on a periodic basis.
  7. Follow up and address on various matters related to licenses/contracts/agreements renewals, collections of outstanding amounts from entities, and payments to vendors.
  8. Review the accuracy of the Income Statement, including provisions, accruals, cash transactions, and allocation, and contribute actively to the quarterly closing process
  9. Support the Compliance and Internal Audit team in completing internal audits, as required.
  10. Ensure that all accounting and financial activities in the hospital comply with UOS policies and procedures, and follow acceptable accounting principles, UAE tax laws, and best practices, as well as ensure the security, integrity, and confidentiality of any incoming or outgoing financial information/data.
  11. Prepare various reports, analyses, and statistics as requested by the line manager. As well as ensure the timeline and accuracy of any relevant financial statements, reports, and analyses.
  12. Coordinate between the insurance office and treasury on insurance-related receivables and follow up with insurance providers for timeline activities.
  13. Perform reconciliation between Axium and Banner (eg. Revenue, Cash, Credit card) in order to confirm that all the transactions are posted in both systems.
  14. Prepare the doctor's service provider's fee and liaise with the Payroll dept. after getting the required approvals
  15. Complete any other job-related tasks as assigned by the line manager within the expected time limit.

             Operational Plans

  1. Participate in developing the department/college's operational and business plans, and contribute in its execution, in line with the department/college's strategy in order to support the achievement of the University's strategic objectives.

    Continuous Improvement
  2. Provide input to enhance the processes and procedures that help implement the relevant best practices.
  3. Follow all relevant processes, standard operating procedures, and instructions accurately to ensure that job tasks are carried out in a controlled and consistent manner.

    Systems, Processes and Reports
  4. Generate relevant reports and ensure that they are prepared timely and accurately, and meet the department's requirements and standards.
  5. Operate the required software/hardware accurately and effectively.


Job Specific Accountabilities
--
Required Skills --
Preferred Qualification & Experience

  • Minimum bachelor's degree in Accounting, Finance, or a relevant discipline.
  • Membership of a recognized professional accounting body,(e.g.CA or CPA International equivalent)
  • Five years of progressive experience in business/financial services
  • 3-5 years of UAE experience in a similar role preferably in the higher education institution  


Job Location University of Sharjah (Main)
Competencies


  • Excellent oral and written communication skills and the ability to prepare professional documents, in both Arabic and English.
  • Strong understanding of finance and accounting principles, processes, and best practices
  • Good interpersonal skills with a customer service focus.
  • Ability to act and operate independently with minimal supervision
  • Time management skills.
  • Problem solving skills and results orientated.
  • Attention to detail.
  • Ability to handle confidential information with discretion.
  • High integrity and openness combined with a commitment to good governance
  • Flexibility and ability to function effectively as part of a team
  • Excellent proficiency in MS office applications.


Job Criteria
Gender Male or Female
Qualification Bachelor's degree/higher diploma
Relevant Experience 3 or more
Living In UAE Open for all
Nationality All