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
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
What We Do
V. M. Salgaocar and Brother Pvt. Ltd., operating under the Vimson Group, is a Goa-headquartered diversified Indian conglomerate with more than 70 years of experience. Its activities span multiple sectors, including iron-ore operations requiring laboratory analysis and quality control, as well as estate and real-estate activities. The group presents itself as an innovation-, collaboration-, and inclusivity-oriented organization serving both company and society.
