Finance Manager

1 week ago

Mumbai, Maharashtra, India Holy Family Hospital, Bandra Full time ₹ 7,80,000 - ₹ 8,40,000 per year

Position: Finance Manager

Role Purpose:

Role Purpose

To ensure the hospital's budgetary management system and related financial procedures are robust, efficient, and aligned with the short-, mid-, and long-term strategic objectives of the organization. This includes oversight and management of the TPA team to ensure financial integrity, compliance, and optimal performance in third-party operations.

Key ResponsibilitiesBudgetary Planning & Management

· Collaborate with senior management to design and implement a comprehensive budgetary management system across all hospital departments.

· Responsible for maintenance and periodic price revision for all hospital services including consumables considering the price comparisons and trends with other hospitals in the vicinity.

· Lead the execution of approved budgeting frameworks, ensuring timely roll-out and adherence to financial policies.

· Establish and maintain a capital expenditure budgeting and analysis system to support strategic investments and infrastructure planning.

Performance Monitoring & Reporting

· Publish regular, responsibility-centred performance reports that enable action-oriented reviews and decision-making.

· Identify and analyse variances between actual and budgeted figures, recommending corrective actions where necessary.

· Provide a structured framework for ongoing financial analysis by responsibility centre, ensuring transparency and accountability.

Financial Analysis & Support

· Analyse hospital-wide financial data including revenues, expenditures, and cash flow to ensure operations remain within budget.

· Assist hospital management in preparing financial packages for medical cases, including cost estimates and insurance documentation.

· Support financial accounting processes as needed, including reconciliations and ledger reviews.

Credit Oversight

· Monitor and report on credit management activities, ensuring timely collections and minimizing financial risk.

TPA Team Leadership & Oversight

· Oversee the financial operations of the Third Party Administrator (TPA) team, ensuring alignment with hospital policies and regulatory standards.

· Monitor TPA-related budgets, claims processing costs, and vendor payments to ensure financial efficiency.

· Analyse TPA performance metrics, including claims turnaround time, cost ratios, and service-level compliance.

· Serve as the financial liaison for TPA vendors, managing contracts, fee structures, and performance evaluations.

· Ensure accurate and timely reporting of TPA financial data, integrating it into hospital-wide financial dashboards and reviews.

· Collaborate with clinical, legal, and administrative teams to resolve financial discrepancies and improve TPA workflows.

Systems & Process Improvement

· Drive automation and digital transformation in budgeting, reporting, and TPA financial operations.

· Ensure data integrity across financial systems and promote continuous improvement in financial processes.

Connect On the below Email id -

Job Type: Full-time

Pay: ₹65, ₹70,000.00 per month

Benefits:

  • Health insurance
  • Provident Fund

Education:

  • Bachelor's (Required)

Experience:

  • relevant: 1 year (Preferred)

Work Location: In person

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