Senior Accountant(HealthCare)

OptiSol Business Solutions; Chennai District; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

OptiSol Business Solutions is seeking a Lead Accounting Officer to direct all financial and accounting operations. This position requires expertise in healthcare accounting standards, financial reporting, and comprehensive analysis of the revenue cycle.

The ideal candidate will have significant experience in financial management within healthcare settings, possessing advanced skills in relevant software and analysis tools. Strong leadership abilities and a firm understanding of U.S. healthcare regulations are essential for success in this role.

Qualifications

• 7–10 years of progressive accounting experience.
• 3–5 years in a financial management role within healthcare.

Responsibilities

• Oversee monthly, quarterly, and annual closing processes.
• Prepare comprehensive financial statements in compliance with GAAP.
• Analyze accounts receivable and monitor days sales outstanding.
• Design and maintain a system of internal controls.
• Develop and monitor annual operating budgets.

Skills

Advanced proficiency in Sage(Inacct)

Advanced Microsoft Excel skills

Education

Bachelor’s degree in Accounting, Finance, or Healthcare Administration

Job description

Reports To:

Chief Financial Officer (CFO)

Job Summary

The person serves as the lead accounting officer, directing all financial and accounting operations for our healthcare organization. This role is responsible for ensuring highly accurate financial reporting under healthcare accounting standards, optimizing the revenue cycle, maintaining strict internal controls, and navigating the complex landscape of federal and Texas state healthcare regulations. The ideal candidate will bridge the gap between financial discipline and clinical operational needs.

Key Responsibilities

• Oversee monthly, quarterly, and annual closing processes.
• Prepare comprehensive financial statements specific to healthcare (including tracking net patient service revenue, contractual allowances, and charity care provisions) in compliance with GAAP.

Revenue Cycle Oversight & Analysis

• Partner with the billing and revenue cycle teams to analyze accounts receivable (AR), monitor days sales outstanding (DSO), evaluate aging buckets, and ensure accurate accounting for third‑party payor settlements (Medicare, Texas Medicaid, Commercial Insurance).

Internal Controls & Audit Management

• Design and maintain a rigorous system of internal controls to protect assets and prevent fraud across clinical and administrative sites.
• Act as the primary liaison for independent financial audits, state cost report audits, and federal compliance reviews.

Cost Accounting & Budgeting

• Develop, implement, and monitor the annual operating and capital budgets.
• Analyze departmental cost allocations (such as labor, medical supplies, and pharmaceuticals) to identify cost‑containment opportunities and efficiency gains.
• Supervise and mentor the accounting department staff, fostering a collaborative culture that understands the financial nuances of the healthcare delivery system.

Required Qualifications

Education

• Bachelor’s degree in Accounting, Finance, or Healthcare Administration (with an accounting focus).

Experience

• 7–10 years of progressive accounting experience, with at least 3–5 years in a financial management role within a healthcare setting (e.g., hospital system, large physician group, outpatient clinic, or long‑term care).

Technical Skills

• Advanced proficiency in Sage(Inacct).
• Advanced Microsoft Excel skills.

Domain Knowledge

• Deep understanding of healthcare reimbursement models, contractual allowances, third‑party payor structures, and federal/state healthcare fraud and abuse laws (such as Stark Law and the Anti‑Kickback Statute).

Preferred Qualifications

Certification

• Other Certifications related to Accounting.