Account Executive

Job Description – Finance Executive

Department: Finance & Accounts
Designation: Finance Executive

Experience : More than 4yrs
Location: Rio Hospital for Women & Children
Reporting To: Finance Manager / Accounts Manager

Job Purpose

To support the day-to-day financial and accounting operations of the hospital, ensuring accurate transaction recording, billing reconciliation, payment processing, financial documentation, and compliance with internal financial controls and statutory requirements.

Key Responsibilities1. Accounts & Financial Transactions

• Record and maintain day-to-day financial transactions accurately in the accounting system.
• Handle accounts payable and receivable activities.
• Verify invoices, bills, payment requests and supporting documents.
• Process payments and maintain proper payment records.
• Monitor outstanding receivables and payables.
• Perform bank, cash and ledger reconciliations.

2. Hospital Revenue & Billing

• Coordinate with the billing department to ensure accurate recording of hospital revenue.
• Verify daily collections from OPD, IPD, pharmacy, laboratory, diagnostics and other revenue areas.
• Reconcile cash, card, UPI, online and other payment collections with system reports.
• Identify billing discrepancies and coordinate with concerned departments for correction.
• Monitor insurance/TPA and corporate billing receivables.
• Follow up on outstanding hospital claims and payments.

3. Daily Financial Reporting

• Prepare daily collection and revenue reports.
• Prepare MIS reports as required by the Finance Manager.
• Assist in monthly closing activities and financial reporting.
• Maintain department-wise revenue and expense records.
• Track variances between actual and expected collections/revenue.

4. Expense & Vendor Management

• Verify vendor invoices and supporting documents before processing payments.
• Maintain vendor ledgers and payment schedules.
• Coordinate with purchase, stores and administrative departments for invoice verification.
• Monitor outstanding vendor payments.
• Ensure expenses are recorded under the correct accounting heads and cost centres.

5. Reconciliation & Audit Support

• Perform regular bank, cash, revenue and ledger reconciliations.
• Investigate and resolve discrepancies.
• Maintain proper financial records and supporting documents.
• Provide required documents and reports during internal, statutory and external audits.
• Support implementation of internal financial controls.

6. Statutory Compliance

• Assist in maintaining records related to GST, TDS and other applicable statutory requirements.
• Coordinate with senior finance team members for timely statutory filings and payments.
• Ensure proper documentation for statutory and audit purposes.

7. Internal Controls

• Follow hospital financial policies, approval processes and authorization limits.
• Ensure proper documentation and segregation of financial transactions.
• Identify potential financial irregularities and escalate them to the Finance Manager.
• Maintain confidentiality of financial and patient-related information.

Key Performance Indicators (KPIs)

• Accuracy of financial entries
• Timely completion of daily/monthly reconciliations
• Revenue and collection reconciliation accuracy
• Reduction in billing and accounting discrepancies
• Timely processing of vendor payments
• Outstanding receivables follow-up
• Timeliness and accuracy of MIS reports
• Audit compliance and documentation accuracy
• Compliance with internal financial controls

Qualification

• B.Com / M.Com / MBA Finance / equivalent qualification.
• Knowledge of accounting principles and financial processes.
• Working knowledge of MS Excel and accounting software is required.

Experience

• 2–5 years of experience in Finance & Accounts.
• Hospital/healthcare finance experience will be preferred.
• Experience in hospital billing, TPA/insurance reconciliation, revenue accounting or healthcare MIS will be an added advantage.

Required Skills

• Strong knowledge of accounting and reconciliation
• Good MS Excel skills
• Knowledge of Tally/ERP/Hospital Management Software
• Analytical and numerical ability
• Attention to detail
• Good communication and coordination skills
• Time management and problem-solving skills
• High level of integrity and confidentiality

Preferred Healthcare Finance Exposure

• Hospital billing and revenue cycle
• TPA/insurance claims
• Pharmacy and diagnostic revenue
• Daily hospital collection reconciliation
• IPD/OPD billing reconciliation
• Cash and digital payment reconciliation
• Hospital MIS and financial reporting

Ideal Candidate: A detail-oriented finance professional with strong accounting fundamentals and preferably hands-on experience in hospital revenue, billing reconciliation, TPA/insurance, collections and healthcare financial operations.

INTERESTED CANDIDATE CAN SHARE UPDATED RESUME

Pay: ₹10,000.00 - ₹20,000.00 per month

Work Location: In person