Financial Manager for Hospital

Description

Job Profile: Hospital Financial Manager Salary: $40,000 net monthly \+ benefits exceeding legal requirements. Schedule: Monday to Friday, 9:00–18:00 hrs. Department: Administrative–Financial Directorate. Reports to: General Director. Subordinates: Accounting, Treasury, Revenue, Procurement, Warehousing, Cost Control, Billing, and Administrative Staff. Overall Job Objective Ensure the hospital’s financial health by strategically directing financial, tax, accounting, cost, procurement, treasury, revenue, and budgetary control processes. Guarantee resource availability, regulatory compliance, operational efficiency, and the quality of financial information for decision-making, thereby strengthening the hospital’s sustainability and growth. Requirements Education: Bachelor’s degree in Finance, Accounting, Administration, Industrial Engineering, or related field. Experience: Minimum 5 years in finance areas. At least 3 years in management positions within the healthcare sector: hospitals, clinics, or medical services. Technical Knowledge: Hospital management (mandatory). Financial statements, taxes, SAT, IMSS, INFONAVIT. Hospital cost control, service-based costing, DRG or ABC costing. Management of hospital ERPs and billing systems. Control of inventories for medical supplies, medications, and consumables. Strategic procurement and negotiation with medical suppliers. Internal auditing, financial controls, and risk management. Key Skills: Executive leadership and advanced financial analysis. Decision-making under pressure. Effective communication with clinical and administrative departments. Personnel management and multidisciplinary teamwork. Strategic planning and business vision. Ethics, confidentiality, and operational discipline. Main Responsibilities (15 responsibilities with objectives) 1\. Lead the hospital’s financial planning. Objective: Ensure sustainable operations through appropriate budgets, forecasts, and cash flows. 2\. Supervise the preparation and analysis of financial statements. Objective: Provide accurate and timely information for executive and board-level decisions. 3\. Control cash flow and treasury operations. Objective: Ensure liquidity and operational continuity for critical and strategic payments. 4\. Validate weekly payment scheduling and supplier payment prioritization. Objective: Prevent operational disruptions and maintain healthy financial relationships. 5\. Supervise the Revenue and Cashier Department. Objective: Ensure accurate recording, collection, reconciliation, and recovery of hospital revenues. 6\. Analyze and approve patient, insurer, and contractual accounts receivable. Objective: Reduce overdue receivables and improve Days Sales Outstanding (DSO). 7\. Control and approve medical purchases, supplies, and general services. Objective: Ensure raw materials meet quality, sufficiency, and optimal commercial terms. 8\. Supervise inventory management of medical and general supplies. Objective: Guarantee availability and control to prevent shrinkage, expired items, and unjustified consumption. 9\. Coordinate the hospital costing system. Objective: Determine service pricing, marginal contribution, and profitability per department. 10\. Lead tax and regulatory compliance. Objective: Avoid penalties and ensure the hospital remains compliant with SAT and social security institutions. 11\. Supervise accounting and ensure timely monthly closings. Objective: Maintain reliable information and internal audits free of critical findings. 12\. Authorize payroll, commissions, bonuses, and extraordinary payments. Objective: Ensure correct, timely, and incident-free payments. 13\. Optimize internal controls over administrative and financial processes. Objective: Minimize operational risks, leakage, and errors. 14\. Implement corrective actions with Front Desk, Cashiers, and Revenue teams. Objective: Improve patient experience and efficiency in admission and billing processes. 15\. Prepare weekly strategic reports for the General Directorate. Objective: Ensure full visibility of revenues, expenditures, receivables, inventories, and financial statements. Job KPIs 1\. Days Sales Outstanding (DSO) Objective: ≤ 45 days. 2\. Overdue Receivables Objective: \< 10% monthly. 3\. Payment Schedule Compliance Objective: 100% of critical payments executed on time. 4\. Timely Delivery of Financial Statements Objective: Within the first 7 days of the month. 5\. Monthly Budget Variance Objective: ±5% maximum. 6\. Medical Department Supply Fulfillment Rate Objective: ≥ 97% of supplies available. 7\. Reduction of Inventory Shrinkage and Incidents Objective: \< 2% monthly. 8\. Accuracy of Hospital Costing Objective: 100% of services costed. 9\. Cash Reconciliation Time Objective: Maximum 24 hours. 10\. Tax Compliance and Audit Results Objective: 0 critical findings. Recommendations to Optimize the Profile Implement a financial BI system to visualize revenues, cash, receivables, and costs in real time. Establish a weekly Financial Committee with the General Director, Operations, and Commercial departments. Create a dashboard for Costs, Procurement, and Inventories integrated with the hospital ERP. Standardize credit policies for private patients and insurers. Strengthen negotiations with strategic suppliers (medications, wound care materials). Conduct quarterly inventory and billing audits. Implement an early-warning system for critical financial risks. Develop a 30–60–90-day onboarding plan for the Financial Manager. Update the expense and procurement schedule every 6 months as specified in the attached document. Secure cash and admission processes through dual validation and daily reconciliation. Position Type: Full-time Salary: Starting at $40,000.00 per month Work Location: On-site employment