Job Description – Finance Executive
Department: Finance & Accounts
Designation: Finance Executive
Location: Rio Hospital for Women & Children
Reporting To: Finance Manager / Accounts Manager
Job Purpose
To support the day-to-day financial and accounting operations of the hospital, ensuring accurate transaction recording, billing reconciliation, payment processing, financial documentation, and compliance with internal financial controls and statutory requirements.
Key Responsibilities1. Accounts & Financial Transactions
- Record and maintain day-to-day financial transactions accurately in the accounting system.
- Handle accounts payable and receivable activities.
- Verify invoices, bills, payment requests and supporting documents.
- Process payments and maintain proper payment records.
- Monitor outstanding receivables and payables.
- Perform bank, cash and ledger reconciliations.
2. Hospital Revenue & Billing
- Coordinate with the billing department to ensure accurate recording of hospital revenue.
- Verify daily collections from OPD, IPD, pharmacy, laboratory, diagnostics and other revenue areas.
- Reconcile cash, card, UPI, online and other payment collections with system reports.
- Identify billing discrepancies and coordinate with concerned departments for correction.
- Monitor insurance/TPA and corporate billing receivables.
- Follow up on outstanding hospital claims and payments.
3. Daily Financial Reporting
- Prepare daily collection and revenue reports.
- Prepare MIS reports as required by the Finance Manager.
- Assist in monthly closing activities and financial reporting.
- Maintain department-wise revenue and expense records.
- Track variances between actual and expected collections/revenue.
4. Expense & Vendor Management
- Verify vendor invoices and supporting documents before processing payments.
- Maintain vendor ledgers and payment schedules.
- Coordinate with purchase, stores and administrative departments for invoice verification.
- Monitor outstanding vendor payments.
- Ensure expenses are recorded under the correct accounting heads and cost centres.
5. Reconciliation & Audit Support
- Perform regular bank, cash, revenue and ledger reconciliations.
- Investigate and resolve discrepancies.
- Maintain proper financial records and supporting documents.
- Provide required documents and reports during internal, statutory and external audits.
- Support implementation of internal financial controls.
6. Statutory Compliance
- Assist in maintaining records related to GST, TDS and other applicable statutory requirements.
- Coordinate with senior finance team members for timely statutory filings and payments.
- Ensure proper documentation for statutory and audit purposes.
7. Internal Controls
- Follow hospital financial policies, approval processes and authorization limits.
- Ensure proper documentation and segregation of financial transactions.
- Identify potential financial irregularities and escalate them to the Finance Manager.
- Maintain confidentiality of financial and patient-related information.
Key Performance Indicators (KPIs)
- Accuracy of financial entries
- Timely completion of daily/monthly reconciliations
- Revenue and collection reconciliation accuracy
- Reduction in billing and accounting discrepancies
- Timely processing of vendor payments
- Outstanding receivables follow-up
- Timeliness and accuracy of MIS reports
- Audit compliance and documentation accuracy
- Compliance with internal financial controls
Qualification
- B.Com / M.Com / MBA Finance / equivalent qualification.
- Knowledge of accounting principles and financial processes.
- Working knowledge of MS Excel and accounting software is required.
Experience
- 2–5 years of experience in Finance & Accounts.
- Hospital/healthcare finance experience will be preferred.
- Experience in hospital billing, TPA/insurance reconciliation, revenue accounting or healthcare MIS will be an added advantage.
Required Skills
- Strong knowledge of accounting and reconciliation
- Good MS Excel skills
- Knowledge of Tally/ERP/Hospital Management Software
- Analytical and numerical ability
- Attention to detail
- Good communication and coordination skills
- Time management and problem-solving skills
- High level of integrity and confidentiality
Preferred Healthcare Finance Exposure
- Hospital billing and revenue cycle
- TPA/insurance claims
- Pharmacy and diagnostic revenue
- Daily hospital collection reconciliation
- IPD/OPD billing reconciliation
- Cash and digital payment reconciliation
- Hospital MIS and financial reporting
Ideal Candidate: A detail-oriented finance professional with strong accounting fundamentals and preferably hands-on experience in hospital revenue, billing reconciliation, TPA/insurance, collections and healthcare financial operations.
INTERESTED CANDIDATE CAN SHARE UPDATED RESUME
[email protected]
Pay: ₹10,029.16 - ₹32,559.27 per month
Work Location: In person
