Finance Managers

Urgently Required

Finance Managers

Experience :  1 to 5 years

No of vacancies :  1

Job Description: Finance Managers in the healthcare sector play a crucial role in managing the financial health of healthcare organizations. They are responsible for budgeting, forecasting, and analyzing financial data to support strategic decisions. Finance Managers work closely with department heads to develop financial plans, monitor financial performance, and implement financial best practices. Their expertise helps ensure that healthcare organizations can deliver high-quality care while maintaining financial sustainability.

Key Responsibilities: Financial Planning and Analysis: Develop and execute annual budgets, financial forecasts, and strategic plans. Analyze financial data to identify trends, assess financial performance, and recommend improvements.
Cost Management: Work with department heads to identify opportunities for cost reduction and efficiency improvements. Implement cost control measures and monitor their effectiveness.
Reporting: Prepare monthly, quarterly, and annual financial reports for senior management. Ensure accuracy and compliance with accounting standards and regulatory requirements.
Financial Advisory: Provide financial advice and support to department heads and senior management, aiding in strategic decision-making and resource allocation.
Compliance and Audit: Ensure compliance with financial regulations and standards specific to the healthcare industry. Coordinate and support internal and external audit processes.
Investment Analysis: Evaluate investment opportunities and capital projects, assessing their financial viability and alignment with the organization’s strategic goals.
Stakeholder Management: Communicate financial performance and forecasts to stakeholders, including senior management, the board of directors, and external partners or investors.

Education Qualifications: Educational Background: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. A Master’s degree or professional certifications such as CPA (Certified Public Accountant) or CMA (Certified Management Accountant) is highly preferred.
Experience: Significant experience in financial management, including planning, analysis, and reporting. Prior experience in the healthcare sector is advantageous, given its unique financial structures and regulatory environment.
Skills and Competencies: Strong analytical and strategic thinking skills; proficiency in financial software and Excel; excellent communication and interpersonal skills; in-depth knowledge of accounting principles, financial regulations, and healthcare financing mechanisms.

Key Attributes: Analytical Prowess: Ability to dissect financial data and derive meaningful insights for strategic decision-making.
Strategic Thinker: Capacity to understand the broader organizational strategy and align financial plans accordingly.
Leadership: Leadership skills to guide and motivate teams, ensuring the accurate and timely completion of financial tasks.
Ethical Integrity: High ethical standards in managing financial operations, ensuring transparency and compliance.
Adaptive: Flexibility to adapt to the rapidly changing healthcare environment, including shifts in healthcare policies, regulations, and technology.

About the Role: Strategic Partner: Collaborates with departmental leaders to align financial strategy with operational and clinical goals, facilitating informed decision-making across the organization.
Cost Controller: Identifies and implements cost-saving measures, ensuring the efficient use of resources without compromising the quality of care.
Financial Analyst: Provides detailed financial analysis and forecasts to support growth, investment, and risk management strategies.
Compliance Officer: Ensures adherence to financial regulations and standards, protecting the organization from financial risks and penalties.
Educator and Advisor: Acts as a financial advisor to the organization, educating non-finance staff on financial principles and practices to foster a culture of financial accountability.
Finance Managers are integral to the financial wellbeing of healthcare organizations, ensuring they can continue to provide quality care while navigating the financial challenges unique to the healthcare sector.