Associate, Finance-KHR

Associate – Finance – Off-Campus Hospital Kharadar

Department: Finance

Entity: Aga Khan Hospital, Kharadar

Location: Karachi, Pakistan

Introduction:

The Aga Khan University Hospital (AKUH) is a not-for-profit healthcare institute that offers all medical services to their patients under one roof. In addition to the tertiary care hospital in Karachi, AKUH has a network of 4 Off-Campus Hospitals, 30+ Medical Centres, and over 300+ Clinical Laboratories, 50+ Pharmacies in more than 120 cities across Pakistan. It also offers Home Healthcare Services and home deliveries of medicine. The Hospital provides zakat for those patients who are eligible, and the health systems offers generous patient welfare to support those in financial need. In recognition of its high quality and patient safety, the AKUH is accredited by the Joint Commission International (JCI) as an Academic Medical Centre and its Clinical Laboratories are accredited by the College of American Pathologists (CAP) for fast and accurate testing.

As an equal opportunity employer, AKU believes in promoting a diverse and inclusive culture and is committed to adopt appropriate standards for safeguarding and promoting a respectful relationship with and between diverse workforce of its faculty, staff, trainees, volunteers, beneficiaries, wider communities, and other stakeholders with whom it works, including children and vulnerable adults and expects all employees/trainees and partners to share this commitment.

Responsibilities:

You will be responsible for:

• supervising all activities related to Patient Admission, billing and cashiering functions
• reviewing patient charges to ensure that all services are accurately captured and appropriately billed to patients
• resolving patients’ billing queries and concerns in a timely and satisfactory manner
• ensuring compliance with procedures and requirements related to PBSD
• leading and overseeing the overall financial activities of the hospital
• managing month-end and year-end closing activities, including maintenance of all General Ledger (GL) accounts and reconciliation with the respective coordinators
• implementing and monitoring standard procedures to improve efficiency in cash and credit collections, fund transfers, and interdepartmental financial reporting
• Coordinating with internal and external auditors, as well as Risk and Compliance teams
• Supervising the Business Continuity Plan (BCP) and providing training and guidance to front-office staff
• Monitoring the daily creation of debts and ensuring timely follow-up for their recovery
• Assisting in the preparation of the annual budget, long-term financial projections, and monthly budget breakdowns, as well as supervising the uploading of approved budgets into the relevant financial modules
• Assisting in the annual price increase exercise, ensuring that individual service prices are revised in accordance with the approved budget and in coordination with relevant departments
• Preparing statistical and Financial Budget Variance Reports (BVRs), financial performance reports, newsletters, and other management reports as required
• Preparing costing analyses and financial feasibility studies for existing and proposed services or projects by gathering relevant information in coordination with various departments, utilizing web-based research and market intelligence to add value to reports submitted to Senior Management for decision-making
• Conducting service- and specialty-based margin analysis to assess profitability and identify opportunities for financial improvement.

Requirements:

You should have:

• a Bachelor in Commerce, MBA finance/ ICMA part III or CA Inter will be preferred
• at least 3 years of experience in finance department of reputable organization
• a sound knowledge of overall financial systems and good analytical skills
• possess knowledge of IFRS
• command over budget and management report presentation
• excellent communication and interpersonal skills
• customer focus and business oriented
• be a fast learner, team worker and motivated.
• computer skills (knowledge of computerized billing / financial system and MS Office)

Comprehensive employment reference checks will be conducted.