Head - Finance (Hospital Only)

This role is for one of Weekday’s clients
Salary range: Rs 2000000 - Rs 3000000 (ie INR 20-30 LPA)
Min Experience: 10 years
Location: Mysore
JobType: full-time

The Finance Head will oversee all financial aspects of hospital operations, ensuring regulatory compliance, financial sustainability, and strategic cost management. The role involves financial planning, budgeting, forecasting, audit coordination, and supporting leadership with data-driven insights to improve profitability and efficiency.

Key Responsibilities:

• Financial Strategy & Planning
  o   Develop and implement financial strategies aligned with hospital goals.
  o   Drive cost efficiency and ensure optimal resource allocation.
• Budgeting & Forecasting
  o  Prepare annual budgets and monthly forecasts.
  o  Monitor departmental expenditures and variances.
• Financial Reporting & Compliance
  o  Ensure timely and accurate financial reporting (P&L, Balance Sheet, Cash Flows).
  o   Maintain compliance with statutory requirements (GST, TDS, Income Tax, etc.).
  o   Coordinate internal and external audits.
• Revenue Cycle Management (RCM)
  o  Oversee billing, collections, insurance claims, and third-party payments.
  o   Analyze RCM processes to optimize cash flow.
• Capex & Opex Management
  o  Evaluate capital expenditures and monitor project financials.
  o  Track operational costs and identify areas of saving.
• MIS & Decision Support
  o  Provide regular MIS reports to management for strategic decisions.
  o   Support pricing, investment, and expansion decisions with financial analysis.
• Team Leadership
  o  Lead and mentor the finance team.
  o  Ensure training and upskilling of the team to meet hospital standards.

Key Requirements:

• Education: Chartered Accountant (CA) / MBA (Finance)
• Experience: 10–15 years in financial leadership roles (preferably in a hospital or healthcare chain)

Skills:

• Expertise in accounting principles, Indian GAAP
• Knowledge of hospital billing systems and statutory requirements
• Proficiency in ERP/Accounting systems (SAP, Tally, Oracle)
• Strong analytical and strategic thinking skills
• Effective communication and team management

Preferred Attributes:

• Experience working with NABH/NABL accredited hospitals
• Understanding of healthcare operations and insurance claims
• Prior involvement in hospital expansion or merger projects