Job
Description
The Head of Finance at Jagruti Rehab Center will be a strategic leader responsible for overseeing all financial operations, ensuring fiscal health, and driving sustainable growth for the organization. This role requires a strong understanding of financial management within the healthcare or rehabilitation sector, meticulous attention to detail, and the ability to provide accurate and insightful financial guidance to the leadership team. The Head of Finance will ensure compliance with all financial regulations, optimize financial performance, and contribute to the overall mission of providing compassionate and effective rehabilitation services. Key Responsibilities: Financial Strategy & Planning: Develop and implement financial strategies that align with Jagruti Rehab Center's overall mission and long-term goals. Lead the annual budgeting and forecasting processes, working closely with various department heads to ensure accuracy and alignment with operational needs. Conduct financial analysis and provide actionable insights to support decision-making related to expansion, new programs (e.g., de-addiction, psychiatric, dementia, elder care, OPD, daycare), and resource allocation. Identify potential financial risks and opportunities, developing mitigation strategies and proactive plans. Financial Operations & Accounting: Oversee all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, and fixed assets. Ensure timely and accurate preparation of financial statements (Balance Sheet, Profit & Loss, Cash Flow) in accordance with relevant accounting standards. Manage cash flow effectively, optimizing working capital and liquidity. Implement and maintain robust internal controls to safeguard assets and ensure data integrity. Supervise billing and collections, particularly considering the specific fee structures (monthly/daily charges, inclusions/exclusions like medicines, tests, etc.) and insurance reimbursement processes relevant to a rehab center. Compliance & Reporting: Ensure strict compliance with all local, state, and national financial regulations, tax laws, and healthcare industry-specific financial guidelines. Liaise with external auditors, tax consultants, and regulatory bodies. Prepare and present comprehensive financial reports to the Director/CEO and other stakeholders, explaining financial performance and trends. Manage all statutory filings and ensure adherence to reporting deadlines. Treasury & Fund Management: Manage banking relationships and optimize cash management processes. Oversee investment strategies for the center's reserves, adhering to approved policies. Evaluate financing options and manage debt, if applicable. Team Leadership & Development: Lead, mentor, and develop the finance and accounting team, fostering a culture of accuracy, efficiency, and continuous improvement. Delegate tasks effectively and ensure clear communication within the department. Conduct performance reviews and identify training needs for team members. Cost Management & Efficiency: Monitor and analyze operational costs, identifying areas for cost reduction and efficiency improvements without compromising patient care quality. Develop pricing strategies for various services and packages offered by the center. 3. Qualifications: Education: Bachelor's degree in finance , Accounting, Business Administration, or a related field. Required: Professional certification such as Chartered Accountant (CA) or Certified Public Accountant (CPA) / CMA equivalent . An MBA in Finance is a strong plus. Experience: Minimum of 8-12 years of progressive experience in finance and accounting, with at least 3-5 years in a leadership role (e.g., Finance Manager, Assistant Finance Head, or Head of Finance). Strongly Preferred: Experience within the healthcare, hospital, or rehabilitation center industry is highly advantageous. Skills: Proven expertise in financial planning, budgeting, forecasting, and analysis. In-depth knowledge of accounting principles (GAAP/IFRS) and financial regulations. Proficiency in financial management software (e.g., SAP, Oracle, Tally, or other ERP systems) and advanced Microsoft Excel skills. Excellent analytical, problem-solving, and decision-making abilities. Strong leadership, team management, and interpersonal skills. Exceptional communication and presentation skills, with the ability to convey complex financial information clearly to non-financial stakeholders. High level of integrity, ethical conduct, and discretion. Ability to work strategically and operationally in a fast-paced environment. Show more Show less
