Manager Finance & Accounts

Key Responsibilities:

1. Financial Planning and Analysis:

• Lead and develop the team for managing the day-to-day financial operations of the hospital including accounting, billing, receivables, payables, payroll and banking.
• Monitor cash flow and manage working capital effectively.

·         Develop, manage, and monitor the hospital's annual budget and financial forecasts.

·         Conduct financial analysis, including cost analysis, profitability analysis of services (e.g., surgeries, OPD, optical), and variance analysis against budgets.

• Conduct regular financial analysis, including variance analysis, profitability analysis, and cost-benefit analysis of hospital services.
• Provide financial forecasts and models to support strategic decision-making and business growth initiatives.
• Prepare and present financial reports and dashboards to the hospital's leadership and board of directors.
• Developing and managing the relations with the banks and financial institutions.

2. Accounting and Reporting:

• Oversee all accounting functions, including general ledger, accounts payable, accounts receivable, and payroll.
• Ensure timely and accurate month-end, quarter-end, and year-end closing processes.
• Prepare and finalize financial statements in accordance with relevant accounting standards (e.g., IFRS, GAAP).
• Manage cash flow, including monitoring cash position and optimizing working capital.
• Implement and maintain robust internal controls to safeguard hospital assets and ensure the integrity of financial data.

3. Compliance and Auditing:

·         Manage all aspects of direct and indirect tax compliance, including the timely and accurate preparation and filing of tax returns (e.g., Income Tax, GST/VAT, TDS/Withholding Tax, Sales Tax, and Property Tax).

·         Ensure all tax-related payments are made on time to avoid penalties and interest.

·         Prepare and maintain detailed tax-related work papers, reports, and documentation.

·         Conduct periodic internal audits to ensure compliance with tax laws and company policies.

·         Handle all tax-related correspondence, inquiries, and notices from government tax authorities.

·         Develop and implement effective tax planning strategies to optimize the company's tax position and minimize tax liabilities.

• Ensure the hospital's compliance with all financial regulations, tax laws, and reporting requirements.
• Stay updated on changes in financial regulations and healthcare industry accounting standards.

·         Coordinate with external auditors, tax consultants, and regulatory bodies.

·         Develop and maintain strong internal controls to safeguard company assets.

·         Support internal and external audit processes and ensure timely resolution of audit queries.

4. Team Leadership and Management:

• Lead, mentor, and develop the team of accounts and finance.
• Designing the training programs for the user departments for the accounting practices of the hospital.
• Training on the topic of bill processing and reimbursement processes to the hospital staff members.
• Set performance goals, conduct performance reviews, and provide professional development opportunities for the team.

5. Deliverables & Accountability
We expect that under your leadership:

·         Strong knowledge of financial planning, accounting practices and taxation compliances for the functioning of the hospital.

·         Proficiency in the hospital billing system, accounting software (Tally, SAP or equivalent), and MS Excel.

·         Attention to detail to supervise the overall financial planning, accounting functions and taxation compliances on time.

·         Represent the annual budget of the hospital to the Trustees and Directors.