Finance Head

Medipharma Konnect; Navsari; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Medipharma Konnect in Navsari, Gujarat, seeks a senior finance leader to drive financial planning, budgeting, and governance for the hospital. The role oversees accounting, treasury, tax, and revenue cycle management while partnering with department heads on strategic initiatives.

Ideal candidates bring deep expertise in financial controls, risk management, and stakeholder management, with a focus on improving cash flow and operational efficiency in a healthcare setting.

Responsibilities

• Financial Planning & Strategy Develop and implement financial strategies aligned with the hospital's business objectives.
• Prepare annual budgets, financial forecasts, and long-term financial plans.
• Provide financial insights to support strategic decision-making.
• Monitor financial performance and recommend corrective actions.
• Financial Operations Oversee day-to-day accounting, finance, taxation, treasury, and banking operations.
• Ensure timely preparation of monthly, quarterly, and annual financial statements.
• Manage cash flow, working capital, and fund allocation.
• Supervise accounts payable, accounts receivable, payroll, and general ledger activities.
• Revenue Cycle Management Monitor patient billing, collections, and revenue realization.
• Improve cash collections from insurance companies, TPAs, corporates, and self-paying patients.
• Ensure accurate financial reconciliation of hospital revenues.
• Coordinate with billing and operations teams to improve revenue efficiency.
• Cost Control & Profitability Analyze departmental costs and implement cost optimization initiatives.
• Monitor procurement expenses and inventory costs.
• Evaluate financial viability of new projects, equipment, and expansion plans.
• Improve operational efficiency while maintaining quality healthcare services.
• Compliance & Audit Ensure compliance with statutory regulations, GST, Income Tax, Companies Act, and financial reporting standards.
• Coordinate internal and external audits.
• Develop and strengthen internal financial controls and risk management systems.
• Ensure compliance with hospital financial policies and SOPs.
• Leadership & Stakeholder Management Lead and mentor the finance and accounts team.
• Collaborate with department heads on budgeting and financial planning.
• Present financial reports and MIS to senior management and the Board.
• Build relationships with banks, auditors, consultants, and financial institutions.

Job description

Key Responsibilities

• Financial Planning & Strategy Develop and implement financial strategies aligned with the hospital''s business objectives.
• Prepare annual budgets, financial forecasts, and long-term financial plans.
• Provide financial insights to support strategic decision-making.
• Monitor financial performance and recommend corrective actions.
• Financial Operations Oversee day-to-day accounting, finance, taxation, treasury, and banking operations.
• Ensure timely preparation of monthly, quarterly, and annual financial statements.
• Manage cash flow, working capital, and fund allocation.
• Supervise accounts payable, accounts receivable, payroll, and general ledger activities.
• Revenue Cycle Management Monitor patient billing, collections, and revenue realization.
• Improve cash collections from insurance companies, TPAs, corporates, and self-paying patients.
• Ensure accurate financial reconciliation of hospital revenues.
• Coordinate with billing and operations teams to improve revenue efficiency.
• Cost Control & Profitability Analyze departmental costs and implement cost optimization initiatives.
• Monitor procurement expenses and inventory costs.
• Evaluate financial viability of new projects, equipment, and expansion plans.
• Improve operational efficiency while maintaining quality healthcare services.
• Compliance & Audit Ensure compliance with statutory regulations, GST, Income Tax, Companies Act, and financial reporting standards.
• Coordinate internal and external audits.
• Develop and strengthen internal financial controls and risk management systems.
• Ensure compliance with hospital financial policies and SOPs.
• Leadership & Stakeholder Management Lead and mentor the finance and accounts team.
• Collaborate with department heads on budgeting and financial planning.
• Present financial reports and MIS to senior management and the Board.
• Build relationships with banks, auditors, consultants, and financial institutions.