Head - Finance Shared Services
2 weeks ago
About Narayana Health:
Narayana Health is headquartered in Bengaluru, India, and operates a network of hospitals in India and Overseas. Our mission is to deliver high-quality, affordable healthcare services to the broader population. Narayana Health Group is India’s leading healthcare provider and one of the largest hospital groups in the country with a network of 21 hospitals, 5 heart centers, and 19 primary care facilities. The NH group treats over 2.6 Million patients every year from over 78 countries covering 30+ medical specialties.
For more details, please refer to our website at:
About the Role:
Narayana has a large finance team (400 + members including billing and accounting) engaged in operational activities. The Shared Services leader will be responsible for assessing the current maturity of each of these roles, envisaging whether there is a more efficient way of operating through centralization, digitization, automation or elimination and lead Narayana to an end state organization which is efficient, seamless and digital
Experienc e: Minimu m 18 -25 yea rs of experience in setting up/managing Finance Shared Services , with at leas t 5 yea rs in a leadership role within the Healthcare/ Pharma industry.
Educational Qualification s: Chartered Accountant (semi qualified or equivalent) OR MBA in Finance or related field is preferred .
Key Responsibilities:
A. Strategic Leadership and Governance
- Develop and implement a strategic roadmap to establish and scale the Finance Shared Services function in line with corporate strategy.
- Establish robust governance frameworks to ensure compliance with regulatory requirements and internal policies.
- Collaborate with senior management and key stakeholders to ensure Finance Shared Services support business goals.
B. Financial Operations & Control
- Lead continuous improvement initiatives to enhance efficiency and effectiveness of financial processes including accounts payable, accounts receivable, payroll, and general ledger.
- Implement robust internal controls to safeguard assets, mitigate risks, and ensure compliance with healthcare industry standards and regulations.
- Implement rigorous quality control measures to ensure accuracy, completeness, and timeliness of financial transactions and reports.
C. Technology and Innovation:
- Oversee the implementation, maintenance, and enhancement of ERP systems (e.g., SAP, Oracle) to streamline financial operations and improve data accuracy.
- Drive the adoption of automation tools and digital solutions to increase efficiency, reduce manual efforts, and enhance data integrity
- Utilize advanced analytics and business intelligence tools to provide actionable insights and support strategic initiatives.
D. Compliance and Risk Management
- Ensure compliance with all relevant healthcare regulations, accounting standards, and financial reporting requirements (e.g., IFRS, GAAP)
- Coordinate internal and external audits, addressing findings and implementing corrective actions to enhance financial governance
- Identify and manage financial risks, developing and implementing strategies to mitigate potential impacts on the organization’s financial health.
Candidate Skills Required:
1. Functional
- Deep understanding of financial operations, preferably within the healthcare sector, including hospital billing, revenue cycle management, and healthcare regulations
- Expertise in ERP systems (preferably, Oracle Fusion), automation tools, and data analytics platforms.
2. Behavioral:
- Strong analytical and problem-solving capabilities, with a focus on process improvement and operational efficiency
- Proven ability to lead and inspire large finance teams, driving performance and fostering a culture of collaboration and innovation.
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