Lead Specialist, Cost Controller

About Maaden

Role Profile

Job Purpose

Cost Management and Control

• Monitor and analyze healthcare-related expenditures to ensure effective cost control and budget utilization.
• Perform variance analysis and identify key cost drivers, trends, and areas for improvement.
• Support the development and implementation of cost optimization initiatives and performance improvement opportunities.

Financial Analysis and Reporting

• Conduct financial and operational analyses to support business decisions and strategic initiatives.
• Prepare periodic financial reports, management dashboards, and performance metrics.
• Develop financial models and business cases to evaluate operational and investment opportunities.

Budgeting and Forecasting

• Support the preparation of annual budgets, forecasts, and long-range financial plans.
• Monitor actual performance against approved budgets and provide recommendations to address deviations.
• Contribute to financial planning activities and resource allocation exercises.

Performance Monitoring

• Track healthcare utilization, cost trends, and financial performance indicators.
• Provide insights and recommendations to improve efficiency, resource utilization, and cost effectiveness.
• Ensure the accuracy and integrity of financial data used for reporting and analysis.

Stakeholder Engagement

• Collaborate with Medical Services, Medical Insurance, Finance, and other relevant stakeholders to support financial objectives and business requirements.
• Provide analytical support and financial insights to management and business functions.

Qualifications and Experience

• Minimum Qualifications: Bachelor's degree in Finance, Accounting, or equivalent related discipline.
• Preferred Qualifications: CMA, CFA, or other relevant professional certification.
• Minimum Experience: 7+ years of relevant experience in cost control, financial planning, financial analysis, or related finance functions.
• Experience in healthcare, medical services, medical insurance, or other regulated service industries is preferred.

Knowledge and Skills

• Cost Control and Cost Analysis.
• Financial Planning and Budgeting.
• Financial Reporting and Performance Management.
• Financial Modelling and Business Case Development.
• Data Analysis and Dashboard Reporting.
• Advanced Microsoft Excel skills.
• Analytical Thinking and Problem Solving.
• Stakeholder Management and Communication Skills.
• Business Acumen and Commercial Awareness.