Manager Finance

Job Title:

Manager

Department:

Finance & Accounts

Direct reporting:

Hospital Administrator

Dotted line reporting:

Director Medical Service

Supervises:

Number of subordinates reporting to the incumbent

Job Location:

Tura, West Garo Hills, Meghalaya

Job type:

Full-time, on-site

1. Job Summary

We are seeking a dynamic and experienced
Manager of Accounts

to be a foundational leader in our new 110-bed multispecialty hospital in Tura. This is a greenfield project, and the incumbent will lead and oversee all accounting functions of a new greenfield hospital, ensuring accurate financial reporting, compliance, and effective financial management. This role involves establishing accounting policies and procedures suited for the hospital's operational needs and collaborating with hospital management to support business goals.

2. Principal accountability

Responsible for the timely, appropriate, and compliant Financial, Accounting and Tax functions of the organisation.

3. Key Responsibilities

A. Accounting and Financial Management

• Establish an accounting system, policies, processes, and internal controls that reflect healthcare industry best practices and compliance requirements for the ACH.
• Oversee day-to-day accounting operations, including accounts payable, receivable, payroll, and fixed assets.
• Prepare and finalise monthly, quarterly, and annual financial statements as per Indian Accounting Standards.
• Ensure timely reconciliation of bank accounts, vendor accounts, and patient revenue cycles.

B. Budgeting & Financial Planning:

• Lead the budgeting and forecasting process, collaborating with clinical and administrative departments to develop realistic budgets and monitor variances against actual performance.
• Careful planning of cash flows on a monthly, weekly and daily basis.
• Timely assessment of non-fund-based requirements to meet budgeted targets.
• Judicious distribution of funds on a priority basis, without sacrificing productivity.
• Continuous monitoring of sales plans, receivables, credit policies, payments, etc.
• Assist in preparing annual budgets and forecasts in alignment with hospital operations.
• Track variances and provide analysis to management.
• Support cost optimisation initiatives without compromising the quality of patient care.

C. Regulatory Compliance:

• Ensure adherence to Indian accounting and tax laws, GST regulations, and healthcare-specific compliance, such as TDS, and local audit and reporting requirements.
• Coordinate with statutory auditors and regulatory authorities for timely audits and filings.

D. Monitoring of Incidence of interest by:

• Close monitoring of surplus funds to prepay high-cost debt without affecting business plans.
• Sourcing of cheaper funds to replace high-cost debt instruments.
• Timely payment of principal and to avoid penal interest.
• Periodical review of credit terms to improve liquidity and reduce interest.

E. Reduce the tax liability by:

• Realistic tax planning and timely payments to avoid/minimise penalties.
• Appropriate documentation in respect of all tax claims to avoid disallowances.
• Continuous search for tax shelters and favourable judicial pronouncements.
• Frequent reviews of tax administration processes in Income Tax, Sales Tax & Service Tax.

F. Improving ratios and strengthening the Balance Sheet by:

• Structuring, organising, and arranging the assets, liabilities, incomes, and expenses.
• Providing professional guidance to businesses for improving Balance Sheet/Profit & Loss ratios.
• Constant monitoring, review, and internal consultations to minimise wasteful expenses and reduce costs.
• Creation of new facilities is required by the Business & Marketing Head to enhance the top and bottom lines.
• Improving the quality of sticky assets such as investments, loans, advances, etc.
• Periodical review of accounting practices, policies and internal control systems and regular review of important accounting transactions and rectification of errors.
• Close monitoring of compliance with various statutory provisions and regulatory requirements.
• Planning and coordination for the timely closing of accounts and audit.
• Periodic review of the implementation of accounting standards and providing necessary guidance.
• Periodic review of internal, statutory, concurrent, cost and stock audit reports for rectification.
• Ensuring the preparation of financial reports of the following month for review by the Directors/Board.
• Review of Treasury, Accounting, Costing, etc. procedures to develop and implement manuals and SOPs.

3. Qualifications and Experience

• Educational Qualification:
   Master's degree in Accounting, Finance, Commerce, or equivalent, MBA in Finance and Accounts from a reputed institution is preferred.
• Experience:
   
  years
   of progressive experience in Finance and accounting, with 
  a minimum of 5-7 years of progressively responsible accounting experience in healthcare or hospital settings, with demonstrable exposure to greenfield projects or startups.
• Non-Negotiable Experience:
• In-depth knowledge of Indian GAAP, Ind AS, GST, TDS, and healthcare regulatory finance requirements.
• Proven hands-on experience with accounting software such as Tally ERP, SAP, Oracle Financials, or equivalent healthcare ERP systems.
• Proven ability in budgeting, audit coordination, tax compliance, and financial reporting.
• Experience in designing and implementing performance management and employee engagement systems.
• Strong leadership skills with experience managing a finance team, driving process improvement, and enhancing financial controls.

4. Competencies and Skills

• Proven experience of working in a green field environment
  : Proactive, adaptable, and able to work effectively in a dynamic, evolving greenfield environment.
• Exceptional Communication and Influencing Skills
  : Ability to communicate effectively with a diverse workforce, from renowned surgeons to support staff.
• Excellence in Financial documentation & reporting
  : Meticulous attention to detail and a high level of accuracy in financial documentation and reporting.
• Cultural Sensitivity:
   Ability to understand, respect, and integrate local culture and practices into
  the workplace.
• Excellence in time management:
  Ability to prioritise multiple competing tasks while maintaining deadlines.
• High Integrity and Ethical Standards.
• Proficiency in the Finance Management system and MS Office.

5. What We Offer

• A unique and challenging opportunity to build and shape the HR function of a premier healthcare institution.
• A competitive compensation package commensurate with experience.
• A chance to make a significant social impact in the community of Tura and the wider Garo Hills region.
• A dynamic and supportive work environment with opportunities for professional growth.

A Care Hospital is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.