Finance controller

Key Responsibilities and Qualifications

Key Responsibilities

1. Financial Management

Oversee daily financial operations of the hospital.

Prepare and review monthly, quarterly, and annual financial statements.

Ensure accurate accounting records and compliance with financial regulations.

Monitor cash flow, accounts payable, and accounts receivable.

2. Budgeting & Financial Planning

Develop and manage annual hospital budgets.

Monitor departmental budgets and control costs.

Conduct financial forecasting and variance analysis.

Support management with financial insights for strategic decisions.

3. Revenue Cycle Management

Oversee billing, insurance claims, and collections.

Monitor patient revenue and ensure timely reimbursement.

Improve financial performance through revenue cycle optimization.

4. Compliance & Audit

Ensure compliance with healthcare financial regulations and internal policies.

Coordinate internal and external audits.

Implement financial controls to prevent fraud and errors.

5. Financial Reporting & Analysis

Prepare financial reports for senior management and board members.

Analyze financial performance and recommend improvements.

Track key financial indicators such as cost per patient, revenue per bed, and operational margins.

6. Team Management

Supervise finance, billing, and accounting staff.

Train and mentor finance team members.

Ensure smooth coordination with clinical and administrative departments.

Required Qualifications

Education:

• Bachelors degree in Finance, Accounting, or Commerce
• Preferred: CA

Experience:

• 8–12 years in finance/accounting
• 3–5 years in hospital or healthcare finance

Key Skills

• Financial planning and analysis
• Healthcare billing and insurance processes
• Budgeting and cost control
• Accounting software and ERP systems
• Regulatory compliance and auditing
• Strong analytical and leadership skills

Key Performance Indicators (KPIs)

• Budget adherence
• Revenue cycle efficiency
• Cost control improvements
• Audit compliance
• Financial reporting accuracy

Confidential Document