The Senior Accountant is responsible for overseeing financial operations, ensuring compliance with regulations, and providing strategic financial insights to support the organization’s growth. This role requires strong analytical skills, leadership abilities, and a proactive approach to financial management.
Key Responsibilities:
Financial Reporting & Compliance
- Prepare and review monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure compliance with International Financial Reporting Standards (IFRS), tax regulations, and other relevant accounting standards.
- Maintain accurate and up-to-date financial records.
Budgeting & Financial Planning
- Assist in the preparation, analysis, and monitoring of annual budgets and financial forecasts.
- Provide variance analysis and recommendations for cost control and efficiency improvement.
Revenue Management & Patient Billing
- Ensure accurate and timely patient billing and issuance of invoices.
- Implement effective strategies for collecting outstanding payments before patients exit the hospital.
- Monitor revenue cycles and recommend improvements to enhance cash flow.
Accounts Payable & Receivable
- Oversee the accounts payable and receivable functions, ensuring timely payments to vendors and accurate tracking of receivables.
- Maintain strong relationships with vendors and suppliers to optimize payment terms.
Cash & Treasury Management
- Monitor the hospital’s cash flow position, ensuring adequate funds for operational and strategic needs.
- Implement and manage internal controls to safeguard cash assets.
Financial Analysis & Decision Support
- Analyze financial data to identify trends, risks, and opportunities for cost savings.
- Provide strategic financial insights and support business decisions.
- Conduct financial modeling and feasibility studies for new initiatives.
Internal Controls & Risk Management
- Develop, implement, and monitor internal financial controls to ensure accuracy and prevent fraud.
- Identify and mitigate financial and operational risks affecting the hospital’s stability.
- Work closely with external auditors during audits.
Team Leadership & Stakeholder Engagement
- Supervise and mentor junior accounting staff, ensuring their professional development.
- Collaborate with department heads to provide financial guidance and support.
- Work closely with key stakeholders, including banks, auditors, tax authorities, and regulatory agencies.
Technology & Process Improvement
- Utilize accounting software and digital tools to enhance efficiency.
- Lead process improvements and automation efforts within the finance department.
- Ensure proper documentation and record-keeping for financial transactions.
Special Projects & Other Duties
- Participate in strategic financial projects, including expansion plans, mergers, and acquisitions.
- Support the implementation of new financial policies and systems.
- Perform any other duties as assigned by the Chief Finance Officer (CFO), Chief Operating Officer (COO), General Manager, or Chief Medical Director.
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