Finance Manager
1 day ago
Department:
Finance & Accounts
Location:
Silver Streak Multi-Speciality Hospital
Reporting To:
Chief Executive Officer (CEO) / Board of Directors
Job Type:
Full-time
Experience Required:
5 – 8 years (with minimum 2–3 years in a hospital/healthcare
setup preferred)
Qualification:
CA / MBA (Finance) / M.Com or equivalent professional qualification
Job Summary:
SilverStreak Multi-Speciality Hospital is looking for a dynamic and results-driven
Finance Manager to oversee the hospital's financial operations and strategy. The ideal
candidate should bring strong expertise in financial planning, compliance, revenue cycle
management, and hospital-specific financial systems. This role is critical in aligning
financial performance with the hospital's growth and service excellence goals while
ensuring transparency, compliance, and cost efficiency.
Key Responsibilities:
1. Financial Planning & Strategy
- Develop annual budgets, forecasts, and long-term financial plans.
- Align financial strategy with hospital's growth and expansion objectives.
- Conduct feasibility studies for new service lines, facilities, or medical equipment
investments.
2. Revenue & Cost Management
- Monitor revenue streams (OPD, IPD, diagnostics, pharmacy, procedures,
insurance/TPA).
- Optimize operational costs while maintaining high-quality patient care.
- Implement cost control initiatives and conduct departmental profitability analysis.
3. Financial Reporting & Analysis
- Ensure timely preparation of accurate financial statements and MIS reports.
- Perform variance analysis (budget vs actual) and recommend corrective actions.
- Present financial performance insights to management and the board.
4. Cash Flow & Working Capital Management
- Monitor daily cash flow and ensure adequate liquidity for smooth operations.
- Oversee receivables (insurance/TPA, corporates, patients) and payables
(vendors, consultants, staff).
- Manage loans, overdrafts, and investment decisions to optimize working capital.
5. Compliance & Risk Management
- Ensure adherence to statutory regulations (Income Tax, GST, TDS, PF, ESI,
etc.).
- Implement internal controls to prevent financial risks and revenue leakages.
- Oversee hospital insurance policies, medico-legal finances, and risk coverage.
6. Audit & Governance
- Coordinate with internal, external, and statutory auditors.
- Ensure transparent documentation and smooth audit closure.
- Uphold governance standards as per hospital board policies.
7. Systems & Process Improvement
- Oversee ERP/HIS financial module implementation and optimization.
- Drive automation in billing, collections, and reporting to reduce errors.
- Strengthen internal controls and reduce dependency on manual processes.
8. Stakeholder Management
- Work closely with hospital leadership, department heads, and external
- stakeholders (banks, TPAs, corporates).
- Provide financial advisory support to the CEO/Board for decision-making.
- Negotiate effectively with vendors, consultants, and partners for cost and
- contract optimization.
9. Team Leadership & Development
- Lead and mentor the finance and accounts team.
- Build analytical and compliance capabilities within the department.
- Foster accountability, transparency, and high performance.
Required Qualifications & Skills:
- Chartered Accountant (CA), MBA (Finance), or equivalent advanced
- qualification.
- 8 – 12 years of experience in financial management (healthcare/hospital industry
- preferred).
- Strong knowledge of hospital revenue cycle management (insurance/TPA,
- corporate billing).
- Expertise in financial planning, MIS reporting, and statutory compliance.
- Excellent negotiation, analytical, and problem-solving skills.
- Proficiency in ERP/HIS systems, MS Excel, and financial modeling.
- Strong leadership and communication abilities.
Why Join Us?
- Opportunity to be a strategic leader in a fast-growing multi-speciality hospital.
- Exposure to complex healthcare financial operations and decision-making.
- Collaborative work culture with focus on clinical excellence and financial
sustainability.
- Growth opportunities in leadership and hospital management.
Send your updated CV to
Contact HR at
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