Sr. Manager Accounts

Role Overview

The Senior Manager - Accounts will be responsible for ensuring accurate financial accounting, timely reporting, statutory compliance, budgeting, cash-flow management, internal controls, audit coordination, and effective financial monitoring of hospital operations. The role requires strong knowledge of accounting principles and financial controls, along with a sound understanding of hospital revenue cycles, insurance/TPA billing, patient collections, pharmacy, diagnostics, procurement, and other healthcare financial processes**.** The position will also play a key role in ensuring financial accuracy, effective monitoring, regulatory compliance, and timely financial insights to support informed business decisions.

Key Responsibilities

1. Financial Accounting & Reporting

• Supervise and oversee day-to-day accounting operations, including OPD and IPD Billing, Accounts Payable, Accounts Receivable, General Ledger, bank reconciliations, journal entries and provisions.
• Ensure timely financial closing, accurate financial statements, reconciliations, MIS and management reporting.
• Monitor outstanding receivables/payables and resolve accounting discrepancies.

2. Hospital Revenue Cycle & Collection Management

• Monitor and review revenue generated from IPD, OPD, diagnostics, pharmacy, OT, ICU and other hospital services.
• Ensure accurate billing, reconciliation and collection across patient, corporate, insurance and TPA receivables.
• Identify revenue leakages and strengthen revenue cycle and collection controls.

3. Budgeting, Planning & Financial Analysis

• Assist management in preparation of annual budgets, operating plans and financial projections.
• Monitor budgets, conduct variance analysis and recommend corrective actions.
• Support cash-flow planning, cost optimisation and profitability improvement.

4. Statutory Compliance

• Ensure timely compliance with GST, TDS, Income Tax, PF, ESIC and other statutory requirements.
• Coordinate statutory filings, audits and external consultants and ensure proper documentation.
• Monitor regulatory changes and ensure necessary implementation.

5. Audit & Internal Controls

• Coordinate internal, statutory and tax audits and ensure timely closure of audit observations.
• Strengthen financial controls, SOP adherence, authorisations and segregation of duties.
• Conduct periodic reviews of key hospital functions to identify control gaps and revenue leakages.

6. Cash Flow & Treasury Management

• Monitor daily cash and bank positions, working capital and cash-flow requirements.
• Ensure timely bank reconciliations, cash collections, deposits and appropriate cash-handling controls.
• Coordinate with banks and financial institutions as required.

7. Vendor, Payable & Procurement Accounting

• Review vendor invoices, purchase accounting, payment processes and outstanding balances.
• Ensure timely vendor reconciliation and adherence to procurement and payment controls.
• Review doctor/professional payments and ensure appropriate documentation and statutory compliance.

8. Team Management & Development

• Lead, guide and supervise the Accounts & Finance and Billing teams.
• Allocate responsibilities, monitor performance and ensure effective coordination across departments.
• Drive team development, accountability and adherence to finance processes and controls.

9. Management Reporting & Business Support

• Provide financial analysis, insights and recommendations to the CEO, Finance Head and hospital management.
• Prepare periodic financial and operational reports and highlight key risks, trends and variances.
• Support cost optimisation, profitability, process improvement and operational efficiency initiatives.
• Regular follow up and personal visits to strengthen relationship with all govt departments/ agencies for timely payments and other support critical for hospital operations.

Requirements

Qualifications & Experience

• M.Com / CA Inter with relevant experience.
• 12–15 years of experience in Accounts, preferably with substantial experience in hospital/healthcare operations.
• Strong experience in hospital accounting, revenue cycle management, billing, insurance/TPA receivables, MIS, budgeting, cash flow and financial reporting.
• Hands-on experience in statutory compliance, audits, internal controls and team management, with strong proficiency in ERP/accounting systems and MS Excel.

Key Skills & Competencies

• Financial accounting, reporting, budgeting, MIS and financial analysis.
• Hospital revenue cycle, IPD/OPD billing, TPA/insurance receivables and collections.
• Statutory compliance, audits, internal controls and risk management.
• Cash-flow management, working capital, cost optimisation and revenue realisation.
• Team management, stakeholder coordination and process improvement.
• Attention to detail, integrity, ownership, accountability and problem-solving.

Preferred Industry Exposure

• Manufacturing, mining, infrastructure, logistics, or capital-intensive industries.
• Exposure to high-volume banking transactions and treasury operations.
• Experience in multi-entity environments preferred.

Pay: ₹1,200,000.00 - ₹1,500,000.00 per year

Work Location: In person