Executive Finance and Accounts

Job Description

Title: Executive Finance and Accounts

Company Name: Queen's Hospital

Vacancy: 4

Age: 24 to 34 years

Location: Sylhet (Sylhet Sadar)

Salary: Negotiable

Experience:
∎ 2 to 4 years
∎ The applicants should have experience in the following business area(s):Hospital, Diagnostic Centre, Healthcare Startup

Published: 29 Jan 2025

Education:
∎ Bachelor of Business Administration (BBA) in Finance
∎ Partially passed Professional Course will get preferred.

Requirements:

Additional Requirements:
∎ Age 24 to 34 years

Responsibilities & Context:
∎ Prepare and maintain accurate monthly, quarterly, and annual financial reports (balance sheets, income statements, etc.).
∎ Assist in the preparation of financial statements and provide regular financial updates to the management team.
∎ Analyze financial data to identify trends, issues, and opportunities.
∎ Process invoices and payments to ensure timely and accurate disbursements to vendors and suppliers.Manage accounts receivable, including tracking patient billings, insurance claims, and follow-ups on outstanding balances.
∎ Ensure all payments are processed in accordance with hospital policies and regulations.
∎ Monitor hospital cash flow to ensure operational efficiency and the availability of funds for day-to-day activities.
∎ Work with senior finance team members to forecast future cash needs and develop strategies to optimize cash management.
∎ Assist in the preparation of the hospital's annual budget and regularly update forecasts to reflect any changes in operational or financial conditions.
∎ Monitor actual expenses versus budgeted amounts and provide variance analysis to management.
∎ Ensure that all hospital tax filings (including VAT, income tax, and other applicable taxes) are completed accurately and on time.
∎ Stay up-to-date with relevant tax laws and regulations and ensure hospital compliance.
∎ Oversee payroll processing to ensure all employees are paid correctly and on time.
∎ Manage payroll-related deductions (taxes, insurance, etc.) and maintain proper documentation for audit purposes.
∎ Provide necessary documentation for internal and external audits, ensuring that financial records are accurate and compliant with relevant standards.
∎ Work with auditors during the audit process and assist with the implementation of recommendations.
∎ Coordinate with the billing department to ensure timely and accurate processing of insurance claims.
∎ Follow up on unpaid or delayed insurance claims and resolve discrepancies with insurance providers.
∎ Assist in the development and implementation of financial policies and procedures to maintain consistency, accuracy, and efficiency in financial operations.
∎ Ensure compliance with hospital policies, healthcare regulations, and industry standards.
∎ Monitor departmental spending and identify areas for cost reduction without impacting the quality of care provided.
∎ Provide management with recommendations on cost-saving strategies.

Skills & Expertise:

Compensation & Other Benefits:
∎ Tour allowance, Medical allowance
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2

Employment Status: Full Time

Job Location: Sylhet (Sylhet Sadar)

Apply Procedure:

Hard Copy:
∎ Please send your application with CV and photograph addressing Head of HR & Admin, Queen`s Hospital, Subidbazar, Sylhet. You can Send your CV by email to [email protected]

Company Information:
∎ Queen's Hospital

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 15 Feb 2025

Category: Accounting/Finance