Role & responsibilities

. 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 accurate and timely monthly, quarterly and annual financial closing in accordance with applicable accounting standards and organizational policies.
- Review Trial Balance, Profit & Loss Account, Balance Sheet, Cash Flow Statements and other financial reports.
- Ensure proper accounting and reconciliation of hospital revenue, expenses, assets, liabilities and provisions.
- Prepare and review monthly MIS, management reports, profitability analysis and financial dashboards.
- Monitor outstanding receivables and payables and ensure timely reconciliation and follow-up.
- Identify accounting discrepancies and ensure timely resolution.

2. Hospital Revenue Cycle & Collection Management

- Monitor and review revenue generated from IPD, OPD, diagnostics, pharmacy, OT, ICU and other hospital services.
- Ensure reconciliation between hospital billing systems, operational records and accounting books.
- Monitor patient collections through cash, card, UPI, online and other payment modes.
- Review insurance and TPA receivables and coordinate with the relevant teams to ensure timely claim submission, follow-up and settlement.
- Monitor credit billing, discounts, refunds, cancellations, write-offs and other revenue adjustments.
- Analyse revenue trends and identify revenue leakages, billing gaps and process inefficiencies.
- Strengthen controls across the hospital revenue cycle to improve billing accuracy, collections and overall revenue realisation.
- Monitor ageing of patient, corporate, insurance and TPA receivables and drive timely collection.

3. Budgeting, Planning & Financial Analysis

- Assist management in the preparation of annual budgets, operating plans and financial projections.
- Prepare and monitor departmental budgets and analyse actual performance against approved budgets.
- Conduct variance analysis and provide insights and corrective-action recommendations to management.
- Support financial forecasting and cash-flow planning.
- Identify opportunities for cost optimisation and improvement in operational profitability.
- Provide financial inputs for pricing, service-line profitability and other business decisions.

4. Statutory Compliance

- Ensure timely compliance with applicable GST, TDS, Income Tax, PF, ESIC and other statutory requirements.
- Ensure timely preparation, review and filing of statutory returns and related documentation.
- Coordinate with tax consultants, auditors and external professionals as required.




- Maintain accurate records and documentation to support statutory compliance.
- Monitor changes in applicable statutory and regulatory requirements and ensure necessary implementation.

5. Audit & Internal Controls

- Coordinate internal, statutory and tax audits and ensure timely closure of audit requirements.
- Prepare audit schedules, supporting documents and responses to audit observations.
- Strengthen internal financial controls and ensure adherence to approved policies, SOPs and processes.
- Conduct periodic internal reviews of financial and operational processes to identify control gaps, errors, process deviations and potential revenue leakages.
- Ensure appropriate authorisation, supporting documentation and segregation of duties for financial transactions.
- Conduct periodic financial and process audits of key hospital departments, including Pharmacy, Stores, Billing and other revenue-generating or expenditure-related functions.
- Track audit observations and ensure timely implementation of corrective and preventive actions.

6. Cash Flow & Treasury Management

- Monitor daily cash and bank positions and assess working-capital requirements.
- Prepare and monitor short-term and periodic cash-flow forecasts.
- Ensure adequate availability of funds for day-to-day hospital operations.
- Monitor bank accounts and ensure timely bank reconciliations.
- Review cash collections and deposits and ensure appropriate controls over cash handling.
- Coordinate with banks and financial institutions as required.

7. Vendor, Payable & Procurement Accounting

- Review vendor invoices, purchase-related accounting and payment processes.
- Ensure timely reconciliation of vendor accounts and resolution of discrepancies.
- Monitor outstanding vendor balances and payment schedules.
- Work closely with Purchase, Stores and Administration teams to strengthen procurement and financial controls.
- Review purchase orders, invoices, supporting documents and payment approvals as per established processes.
- Monitor and review doctor payments, professional fees and related accounting and documentation.
- Ensure appropriate withholding tax and statutory treatment for vendor and professional payments.

8. Team Management & Development

- Lead, guide and supervise the Accounts & Finance and Billing teams.




- Allocate responsibilities, establish priorities and monitor team performance.
- Ensure adequate coordination between Accounts, Billing and other hospital departments.
- Develop team capabilities through coaching, training and process improvement initiatives.
- Establish accountability and ensure adherence to accounting policies, SOPs and internal controls.
- Drive process discipline, accuracy and timely completion of finance-related activities.

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 for management review.
- Support management decision-making on costs, investments, pricing, profitability, working capital and operational efficiency.
- Highlight key financial risks, trends, variances and areas requiring management attention.
- Participate in process-improvement, automation, cost-control and efficiency-enhancement initiatives.
- Work closely with Hospital Operations, Billing, Pharmacy, Diagnostics, Purchase, Stores, Administration and other departments to strengthen financial governance and operational effectiveness.
- Regular follow up and personal visits to strengthen relationship with all govt departments/ agencies for timely payments and other support critical for hospital operations.

Preferred candidate profile Qualifications & Experience

- M.Com / CA Inter with relevant experience.
- 1215 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 robust 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.

📌 Senior Accounts Manager (Vasco da Gama)
🏢 V.M. Salgaocar u0026 Bro.
📍 Vasco da Gama