Unit Head Finance
- Manipal Hospitals
- 14 - 20 years
- Bengaluru
- 2 months ago
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Job Description
Job Summary:
The Unit Head Finance will lead and oversee the financial management, planning, and control functions of the Electronic City unit. The role is responsible for ensuring financial stability, statutory compliance, cost efficiency, and profitability while supporting operational and strategic goals. The incumbent will act as a business partner to the Unit Head and Corporate Finance, providing insights, analysis, and direction to drive financial performance.
Roles & Responsibilities:
Financial Planning & Control
- Develop and implement annual budgets, forecasts, and financial plans for the unit in alignment with organizational objectives.
- Monitor revenue, cost, and profitability metrics, ensuring achievement of financial targets.
- Analyze monthly financial performance, identify variances, and recommend corrective actions.
- Drive cost optimization initiatives across departments without compromising service quality.
Accounting & Compliance
- Oversee all accounting activities, ensuring timely closure of books, reconciliations, and statutory audits.
- Ensure compliance with statutory requirements (GST, TDS, PF, ESI, Income Tax, and other regulatory norms).
- Maintain adherence to corporate finance policies, internal controls, and audit guidelines.
- Coordinate with internal and external auditors for audit completion and timely resolution of observations.
Revenue Cycle & Cash Flow Management
- Supervise billing, receivables, and payables to ensure efficient cash flow management.
- Collaborate with Operations, Billing, and Patient Care teams to ensure transparency in billing and collection processes.
- Review credit approvals, insurance claim settlements, and corporate tie-up billings.
- Ensure strong financial controls over hospital income streams (IP, OP, pharmacy, diagnostics, F&B, etc.).
Strategic & Operational Support
- Partner with the Unit Head and Corporate Finance to develop strategies for business growth and sustainability.
- Participate in capex planning, feasibility studies, and ROI analysis for new projects or expansions.
- Support operational decision-making with financial data insights and scenario analysis.
- Represent the unit in all corporate financial discussions, reviews, and strategic initiatives.
Team Leadership & Development
- Lead and mentor a team of finance professionals ensuring skill enhancement and efficiency.
- Establish clear KPIs and review mechanisms for the finance team.
- Foster a culture of accountability, process adherence, and continuous improvement.
Key Performance Indicators (KPIs):
- Accuracy and timeliness of financial reporting
- Achievement of unit financial targets (Revenue, EBITDA, Cost)
- Cash flow management efficiency
- Compliance and audit performance
- Cost optimization and budget variance control
Skills & Competencies:
- Strong understanding of hospital/healthcare financial systems and processes
- Analytical thinking with strong business acumen
- Knowledge of SAP/ERP financial modules
- Proven ability to lead teams and drive financial discipline
- Excellent communication, stakeholder management, and decision-making skills
Job Classification
Industry: Medical Services / HospitalFunctional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Chartered Accountant (CA)Employement Type: Full timeContact Details:
Company: Manipal HospitalsLocation(s): Bengaluru
Keyskills: Financial Strategy Finance Head Budgetary Control Cash Flow Management Financial Management
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At Manipal Hospitals, we are devoted towards clinical excellence, patient centricity, and ethical practices. Our commitment to clinical excellence is palpable in the high calibre of our team of medical practitioners. Our nursing staff and paramedical professionals are highly competent and provide ...
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