Job Summary
The Management Accountant is responsible for
providing accurate financial information and insights to support the hospital’s
strategic decision-making process. This role involves budgeting, forecasting,
variance analysis, cost management, and performance reporting. The Management
Accountant works closely with the Finance Manager and other department heads to
ensure financial efficiency and effective resource allocation within the
hospital.
Key
Responsibilities:
Financial
Planning and Analysis:
Develop and maintain detailed financial models to
support budgeting, forecasting, and long-term planning.
Prepare monthly, quarterly, and annual financial
reports and analysis, highlighting key variances and trends.
Provide financial insights and recommendations to the
Finance Manager and department heads to inform strategic decisions.
Budgeting and Forecasting:
Coordinate the annual budgeting process, working with
various departments to develop comprehensive budgets.
Prepare rolling forecasts and update them regularly
based on actual performance and changing assumptions.
Monitor budget performance, analyze variances, and
work with departments to implement corrective actions as needed.
Cost
Management:
Analyze hospital costs and identify opportunities for
cost savings and efficiency improvements.
Monitor and report on departmental spending against
budget, identifying areas of concern and recommending actions.
Support cost control initiatives and implement best
practices for cost management across the hospital.
Performance
Reporting:
Develop and maintain performance dashboards and key
performance indicators (KPIs) to track hospital performance.
Prepare financial and operational performance reports
for senior management
Conduct benchmarking analysis against industry
standards and best practices.
Internal
Controls and Compliance:
Ensure adherence to internal financial policies and
procedures, supporting a robust internal control environment.
Assist with the preparation of financial statements
and ensure compliance with regulatory requirements.
Support internal and external audits by providing
necessary documentation and addressing audit findings.
Project
Analysis and Support:
Conduct financial analysis and feasibility studies
for new projects, programs, and initiatives.
Provide financial support for capital investment
decisions, including cost-benefit analysis and ROI calculations.
Collaborate with project managers to monitor project
budgets and financial performance.
Financial
Systems and Processes:
Utilize and maintain financial systems and software
to ensure data accuracy and efficiency.
Identify opportunities to streamline financial
processes and implement system improvements.
Provide training and support to hospital staff on
financial processes and systems as needed.
Collaboration
and Communication:
Work closely with the Finance Manager and other
department heads to provide financial guidance and support.
Communicate financial information and insights to
non-financial managers in an understandable manner.
Participate in cross-functional teams and projects to
support hospital-wide initiatives.
Qualifications:
Education: Bachelor’s degree in Accounting, Finance, or a
related field. CPA, CMA, or equivalent certification preferred.
Experience: 3-5 years of experience in management accounting,
financial analysis, or a similar role, preferably in a healthcare setting.
Skills:
Strong analytical and problem-solving skills.
Proficiency in accounting software and advanced MS
Excel skills.
Excellent communication and interpersonal skills.
Ability to work independently and collaboratively in
a team environment.
High level of accuracy and attention to detail.
Knowledge of healthcare finance and hospital
operations is a plus.
How
To Apply
