Finance Manager

7 days ago

delhi, India ModuleMD Full time
Company Description
ModuleMD, a US Healthcare Technology business and certified as a “Great Place to Work®”, is seeking a Finance Manager with 12+ years of experience to join our team.
Role: India / Remote
Type: Permanent
Time: US Eastern Time
Experience: 12 to 15 years
Designation: Finance Manager
Overview: The Finance Manager will oversee and manage the financial operations of the company and should have working experience of US GAAP Accounting Procedures and Policies to ensure efficient handling of receivables, vendor payments, budgeting, and overall financial health. This role will also focus on developing and refining financial processes to optimize efficiency and effectiveness. The ideal candidate will have strong analytical skills, attention to detail, be proactive and able to work under pressure, and the ability to collaborate across departments to support the company’s financial goals.
Key Responsibilities:
1.     Receivables Management:
Oversee and manage the accounts receivable function to ensure timely collection of payments.
Maintain and monitor customer payment schedules, addressing discrepancies or delays.
Implement and monitor credit policies, ensuring compliance with company guidelines.
Provide regular reports on receivables aging and performance.
2.     Vendor Payments (Accounts Payable):
Oversee the accounts payable function, ensuring timely and accurate payment to vendors.
Manage relationships with vendors and negotiate payment terms when needed.
Ensure that invoices are processed, verified, and reconciled in a timely manner.
Review and approve payment runs and ensure proper documentation is maintained.
3.     Finance Operations:
Manage day-to-day financial operations, including bank reconciliations, cash flow management, and general ledger entries.
Supervise financial staff involved in processing financial transactions.
Maintain an organized and accurate record of financial data.
Ensure compliance with internal financial policies and external regulations.
Implements strategies, policies, and procedures to support data driven decision making.
4.     Process Development and Refinement:
Evaluate and refine financial processes to improve efficiency, accuracy, and scalability.
Implement best practices and automation tools to streamline financial operations, including receivables, payables, and reporting.
Identify bottlenecks and inefficiencies within finance operations and propose solutions.
Develop and document standardized operating procedures for financial processes.
Control costs by ensuring purchase requisitions and purchase orders achieve the appropriate approval. Monitor business engagements and commitments prior. Advise business at point of engagement of remaining budget.
5.     Cross-Functional Collaboration:
Manages effective relationships with key internal partners of ModuleMD, Accounting, IT, Client Services, Managed Services, Management Product & Tech AND Sales & Marketing to help drive a coordinated and focused master data strategy.
Work closely with sales and operations teams to ensure accurate billing and timely revenue collections.
Address any issues related to customer invoicing and payments, providing support to sales for customer negotiations.
Ensure alignment between financial and operational goals to improve cash flow management.
Participate in cross-functional meetings to review outstanding receivables and develop strategies for improved collections.
6.     Budgeting and Forecasting:
Assist in the preparation and management of the annual budget.
Monitor performance against the budget, identifying variances and providing recommendations to management.
Prepare monthly, quarterly, and annual financial reports comparing budget to actuals.
Participate in long-term financial planning and forecasting efforts.
Assists in the development and implementation of a company wide data strategy.
7.     Financial Reporting and Analysis:
Prepare and present financial reports, including P&L statements, balance sheets, and cash flow statements.
Perform financial analysis to identify trends, risks, and opportunities for improvement.
Collaborate with department heads to support budget management and financial decision-making.
8.     Compliance and Auditing:
Ensure adherence to all financial regulations and reporting requirements.
Assist with internal and external audits, providing necessary documentation and information.
Implement and maintain strong internal controls to safeguard company assets.
Ensures data quality, compliance, and consistency of master data across business units.
9.     Others
Team Management: provide coaching, support team member development and growth, ensure work is appropriately allocated to avoid any under or over capacity within the team.
Ensure stakeholder expectations are clearly understood and that the team is supported to ensure the quality of deliverables is aligned with objectives.
Identify and comprehend business issues; propose and carry out solutions.
Identifying financial risks and opportunities; provides recommendations to mitigate.
Promotes an environment of continuous improvement by identifying opportunities to create and implement process efficiencies.
Assists with ad-hoc initiatives / analysis to support business needs.
Develop and maintain effective relationships with business partners and cross-functional teams at all levels of the organization as well as internal and external stakeholders
Qualifications and Skills:
Master’s degree in Finance, Accounting, Business, or related field (CA or MBA preferred).
Proven experience (10+ years) in US - Finance management or similar roles.
Strong knowledge of receivables, payables, and general financial operations.
Experience in process development, continuous improvement, and automation in finance operations.
Proficiency in QuickBooks.
Excellent analytical, organizational, and problem-solving skills.
Strong leadership and team management abilities.
Ability to communicate complex financial information to non-financial stakeholders.

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