Finance Head

Job Title: Finance Head

Location: Varanasi, Uttar Pradesh

Experience: 10 to 15 Years

Salary: 1824 LPA (Fixed) + Performance-Based Variable

Employment Type: Full-Time

Working Days: 6 Days a Week

About the Role

We are looking for an experienced Finance Head to lead the complete finance function of a multi-specialty hospital group. The candidate will be responsible for financial strategy, revenue growth, financial planning, compliance, governance, and overall financial management across multiple locations, with a primary focus on hospital operations.

Key Responsibilities

1. Strategic Finance and Growth

• Drive revenue growth and EBITDA improvement through payor mix, pricing, occupancy, ARPOB, and service-line profitability analysis.
• Advise management on capital planning, debt-equity structuring, fundraising, and long-term financial sustainability.
• Prepare and review annual budgets, business plans, and financial forecasts across all units.
• Evaluate capital expenditure proposals, including equipment and new facilities, through ROI and payback analysis.

2. Hospital Finance Management

• Oversee the complete revenue cycle, including OPD/IPD billing, TPA/insurance, government schemes (PMJAY, CGHS, ECHS, etc.), claim submissions, follow-ups, and reduction of claim rejections and receivable days.
• Control costs across pharmacy, consumables, procurement, manpower, and utilities.
• Monitor financial KPIs such as revenue per bed, ALOS, collection efficiency, debtor days, and department-wise P&L.
• Oversee financial reporting for the hospitality unit and other group activities.

3. Governance and Compliance

• Ensure timely compliance with Income Tax, GST, TDS, Companies Act, and other applicable statutory and healthcare regulations.
• Manage statutory, internal, and tax audits.
• Coordinate with auditors, banks, financial institutions, and regulatory authorities.
• Strengthen internal controls, risk management, and audit frameworks across locations.
• Manage banking relationships, loan covenants, and lender reporting.

4. Systems and Operational Excellence

• Implement and manage ERP/HIS-integrated financial systems for multi-location financial consolidation.
• Establish SOPs for treasury, cash flow management, procurement, and vendor management.
• Prepare monthly MIS reports and financial dashboards for management.
• Lead, mentor, and build finance and billing teams.

Qualifications and Experience

• CA / MBA (Finance) or equivalent qualification.
• 10–15 years of experience in finance, preferably in hospitals or healthcare groups.
• Proven experience in multi-location financial management and compliance.
• Strong knowledge of accounting standards, taxation, auditing, and treasury management.
• Strong leadership, communication, and stakeholder management skills.

Compensation and Benefits

• Fixed salary: 1.5–2.0 lakh per month, depending on experience and last drawn salary.
• Performance-linked variable bonus.
• Travel, communication, and accommodation allowances, if required.