Finance Manager

Position Summary: Finance Manager

healthcare

Key Responsibilities:

1. Financial Planning & Budgeting

• Develop, implement, and monitor annual budgets for both academic and hospital operations.
  
• Conduct variance analysis and provide actionable insights to management.
  
• Prepare long-term financial projections and investment plans for infrastructure and equipment expansion.
  

2. Accounting & Financial Operations

• Supervise daily accounting operations including billing, receipts, payments, payroll, and ledger maintenance.
  
• Ensure timely preparation and accuracy of financial statements (P&L, Balance Sheet, Cash Flow).
  
• Oversee fund management, working capital, and ensure efficient cash flow management across departments.
  

3. Statutory Compliance & Audit

• Ensure compliance with all statutory and regulatory requirements such as

  Income Tax, GST, TDS, PF, ESI, and Labour Laws

  .
• Liaise with external auditors, statutory authorities, and banks for audit, financing, and compliance matters.
  
• Maintain financial practices in accordance with NMC, NABH, NAAC, and other accreditation standards applicable to private medical institutions.
  

4. Hospital Financial Management

• Implement robust

  cost accounting and cost control mechanisms

  for various hospital departments (OPD, IPD, Pharmacy, Diagnostics, etc.).
• Track profitability of clinical departments and support revenue optimization.
  
• Support hospital management in pricing and tariff structuring of medical services from time to time
  
• Understand the Capex and Opex requirements of the organisation and Optimisation 
• Working Capital Management and Day to Day collection monitoring 

5. Academic Finance Management

• Monitor fee collection, scholarships, and fund allocations for the medical college.
  
• Ensure compliance with fee structures approved by competent authorities and manage student billing systems efficiently.
  
• Coordinate with the admissions and academic departments for financial planning and student-related collections.
  

6. ERP / MIS & Systems

• Manage Finance modules within the Hospital Information System (HIS) and ERP solutions.
  
• Generate periodic MIS reports for top management for informed decision-making.
  
• Drive process automation and digital financial transformation initiatives.
  

7. Team Leadership

• Lead and develop the Finance and Accounts team to ensure high standards of performance.
  
• Establish internal controls, SOPs, and training for accounting and finance staff.
  

Qualifications & Experience:

• Education:

   Graduate with either Chartered Accountant (CA) / Cost & Management Accountant (CMA) / MBA (Finance) / M.Com.

• Experience:

  Minimum

  812 years

  of relevant experience, including at least

  5 years in a hospital or medical education institution

  (private sector preferred).
• Experience in financial management, budgeting, taxation, and healthcare accounting systems.
  
• Proficiency in Tally ERP / SAP / Oracle or similar financial software.
  

Key Skills & Competencies:

• Strong financial planning, analytical, and cost management skills.
  
• Excellent knowledge of healthcare and education financial regulations.
  
• High level of integrity, confidentiality, and ethical conduct.
  
• Strong leadership, communication, and interpersonal skills.
  
• Ability to work in a fast-paced, multidisciplinary environment.
  

Remuneration:

Competitive and commensurate with qualifications and experience.