Head of Finance

Head Finance

Job Role & Synopsis

The Head Finance is responsible for planning, directing, and controlling all financial activities of the hospital to ensure financial sustainability, regulatory compliance, cost optimization, and support for strategic growth.

Roles & Responsibilities

Financial Leadership & Strategic Thinking

Ability to align financial strategy with hospital vision and growth plans

Long-term financial planning for capacity expansion and service lines

Decision-making based on financial and operational data

Budgeting, Cost Control & Profitability

Zero-based and activity-based budgeting skills

Cost optimization without compromising patient care quality

Department-wise profitability and cost center analysis

Healthcare Financial Acumen

Deep understanding of hospital revenue models (OPD, IPD, diagnostics, pharmacy)

Knowledge of package pricing, DRG-based costing, and specialty-wise margins

Understanding of Compliance Bodies -related financial implications

Financial Management & Control

Oversee hospital budgeting, forecasting, and financial planning processes

Monitor cash flow, working capital, and fund utilization

Ensure accurate preparation of monthly, quarterly, and annual financial statements

Implement internal financial controls to safeguard hospital assets

Accounting & Compliance

Ensure compliance with statutory requirements including GST, Income Tax, TDS, PF, ESI, and other applicable laws

Coordinate with statutory auditors, internal auditors, and tax consultants

Ensure timely filing of returns and compliance with healthcare-related financial regulations

Revenue Cycle & Cost Management

Supervise billing, collections, and insurance / TPA settlements

Analyze revenue leakage and improve billing efficiency

Control operational costs while maintaining quality patient care

Evaluate departmental profitability and cost centres

Strategic & Business Support

Provide financial insights to support hospital expansion, new services, and capital investments

Evaluate CAPEX proposals including medical equipment procurement

Assist in pricing strategy for medical services and packages

Support management in negotiations with vendors, insurers, and banks

Team Leadership & Systems

Lead and develop the finance and accounts team

Drive implementation and optimization of HIS / ERP / HRMS / Accounting systems

Establish SOPs for finance and procurement processes

Will be closely working with the Top Management & the Board

Will Be also be an advisory in Investments and Costing

Technology & Systems Orientation

Experience with HIS, ERP, accounting software, HRMS

Ability to automate finance processes and improve controls

System integration across clinical and finance functions

Key Skills & Competencies

Strong understanding of hospital finance and healthcare economics

Knowledge of Indian taxation and statutory compliance

Expertise in budgeting, MIS, and financial analysis

Leadership and stakeholder management skills

Proficiency in ERP systems and advanced Excel

High ethical standards and attention to detail

Qualifications

CA / CMA / MBA (Finance) from a recognized institute

Additional certifications in healthcare finance preferred

Experience

15+ years of experience in finance & accounts

Minimum 5-7 years in a senior finance role within a hospital or healthcare organizations preferably

Key Performance Areas

Budget adherence and cost savings achieved

Timely closure of audits and statutory compliance

Improvement in cash flow and receivables

Reduction in revenue leakage

Accuracy and timeliness of MIS reporting

Financial Dashboards to the Top Management

**Immediate Joiners preferred not mandatory

Experience in Healthcare Industry is essential

CTC 20 to 30 Lakhs

Location Chennai : Chetpet

Only Candidates from Chennai apply

Please call for more information Contact: 9940639536

( Will be Happy to Speak )