Unit Head - Finance, Sterling Ahmedabad

The Unit Head Finance is a strategic business partner responsible for overseeing the financial operations of Sterling Hospital, Ahmedabad. This role requires a strong understanding of financial principles, a keen eye for detail, and the ability to analyze complex financial data. The ideal candidate will possess strong leadership skills, be a team player, and have a proven track record in driving financial performance.

Financial Controllership:

• Financial Reporting: Oversee the preparation of accurate and timely financial statements, including P&L, balance sheet, and cash flow statements.
• Financial Analysis: Conduct in-depth financial analysis to identify trends, variances, and potential risks.
• Variance Analysis: Analyze budget vs. actual performance, identifying and explaining variances.
• Financial Forecasting: Develop accurate financial forecasts and budgets to support strategic decision-making.
• Risk Management: Identify and mitigate financial risks, implementing robust internal controls.

General Accounting:

• Accounting Operations: Manage day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger.
• Statutory Compliance: Ensure compliance with all applicable accounting standards, tax regulations, and statutory requirements.
• Audit Management: Coordinate with internal and external auditors to ensure smooth audits and timely resolution of audit findings.
• Financial Systems: Implement and maintain efficient financial systems and processes to optimize operations.

P&L and Balance Sheet Finalization:

• Month-end Close: Oversee the timely and accurate closure of the month-end financial process.
• Balance Sheet Reconciliation: Ensure accurate reconciliation of balance sheet accounts.
• Intercompany Transactions: Manage intercompany transactions and reconciliations.

Financial Planning and Analytics:

• Financial Modeling: Develop and maintain financial models to support strategic planning and decision-making.
• Business Analysis: Provide insightful analysis to support business decisions and strategic initiatives.
• Performance Measurement: Establish and monitor key performance indicators (KPIs) to measure financial performance.
• Cost Control: Implement cost-saving measures and optimize resource utilization.

Budgeting and MIS:

• Budgeting: Develop and manage annual budgets, ensuring alignment with strategic goals.
• Budget Monitoring: Monitor budget performance and take corrective actions as needed.
• Management Information Systems (MIS): Design and implement effective MIS to provide timely and accurate financial information.

Pricing and Cost Control:

• Pricing Strategy: Develop and implement pricing strategies to optimize revenue and profitability.
• Cost Control: Identify and implement cost-saving initiatives to improve operational efficiency.
• Cost Analysis: Conduct detailed cost analysis to identify cost drivers and opportunities for reduction.

Contract Negotiation, Vendor Management, Payroll:

• Negotiate contracts with vendors, suppliers, and third-party payers.
• Manage vendor relationships and ensure timely payment of invoices.
• Oversee payroll processing for employees and doctors.

Revenue Cycle Management:

• Oversee all aspects of the revenue cycle, including patient billing, collections, and insurance reimbursements.
• Manage relationships with third-party payers, such as TPAs and insurance companies.
• Implement strategies to improve revenue cycle efficiency and reduce denials.
• Manage the collection of revenue from corporate and other sources.

General Tasks:

• Team Management: Lead and mentor a team of finance professionals.
• Stakeholder Management: Build strong relationships with key stakeholders, including management, operations, and external parties.
• Continuous Improvement: Drive continuous improvement in financial processes and systems.
• Ad-hoc Analysis: Support ad-hoc requests for financial analysis and reporting.