Finance director

The Finance Director is responsible for overseeing the financial health and sustainability of the HMO, ensuring compliance with Philippine regulations, and supporting strategic decision-making. This role manages financial planning, risk management, reporting, and regulatory compliance, particularly with healthcare and insurance-related standards.

Key Responsibilities:

1. Financial Strategy & Leadership

• Develop and implement financial strategies aligned with the company’s goals and growth plans
• Provide strategic recommendations to the Executive Team and Board
• Lead long-term financial planning, budgeting, and forecasting

1. Financial Management & Reporting

• Oversee preparation of accurate and timely financial statements
• Ensure compliance with Philippine Financial Reporting Standards (PFRS)
• Monitor cash flow, working capital, and financial performance metrics

1. Regulatory Compliance (HMO-Specific)

• Ensure compliance with regulations from the Insurance Commission and Department of Health (DOH)
• Oversee submission of statutory reports and regulatory filings
• Ensure adherence to healthcare-related financial policies and risk reserves

1. Cost Control & Utilization Management

• Monitor healthcare utilization trends and costs (claims, provider payments, etc.)
• Implement cost-containment strategies without compromising service quality
• Analyze claims data to improve financial efficiency

1. Risk Management & Internal Controls

• Establish and maintain robust internal controls and financial policies
• Identify financial risks and implement mitigation strategies
• Oversee internal and external audits

1. Team Leadership & Development

• Lead and manage the finance and accounting team
• Develop staff capabilities and ensure high performance standards
• Coordinate with other departments (Operations, Sales, Medical Services)

1. Stakeholder & Vendor Management

• Manage relationships with banks, auditors, regulators, and external partners
• Support negotiations with healthcare providers and vendors from a financial perspective

Qualifications:

• Certified Public Accountant (CPA)
• Bachelor’s degree in Accountancy, Finance, or related field (Master’s degree is an advantage)
• Minimum 8 years of progressive finance experience, with at least 3–5 years in a leadership role
• Experience in HMO, insurance, or healthcare industry is highly preferred
• Strong knowledge of Philippine taxation, regulatory compliance, and healthcare financing