Description

Job Title: Accountant

The Accountant is responsible for managing financial transactions, ensuring compliance with accounting standards, and supporting the financial health of the organization. This role requires a strong understanding of healthcare finance and accounting principles to effectively manage the unique financial aspects of a healthcare environment.

Main Duties

• Record all financial transactions accurately in the accounting system, including accounts payable, accounts receivable, and payroll.
• Generate monthly, quarterly, and annual financial statements in compliance with Nigerian accounting standards.
• Regularly reconcile bank statements with internal records to ensure accuracy and identify discrepancies.
• Monitor cash flow to ensure sufficient funds are available for operational needs.
• Support the preparation of annual budgets by providing historical data and projections based on departmental needs.
• Track actual expenditures against budgeted amounts, providing variance analysis and recommendations for corrective actions.
• Maintain compliance with relevant laws, regulations, and hospital policies regarding financial practices.
• Assist in the preparation of tax returns and ensure timely submission to relevant authorities.
• Collaborate with internal and external auditors during audits to provide necessary documentation and explanations regarding financial records.
• Assist in developing and enforcing internal controls to safeguard hospital assets and ensure accurate financial reporting.
• Participate in regular assessments of financial processes for potential risks, recommending improvements as needed.
• Ensure accurate billing of patients for services rendered, including coordination with insurance providers for claims processing.
• Monitor outstanding patient accounts, follow up on overdue payments, and resolve billing disputes.
• Collaborate with department heads to understand their financial needs and provide support in managing their budgets.
• Attend finance department meetings to discuss ongoing projects, challenges, and updates on financial performance.
• Compile comprehensive reports for management that include analysis of key performance indicators (KPIs) related to financial performance.
• Conduct detailed analyses of financial data to identify trends, variances, and opportunities for cost savings or revenue enhancement.
• Educate staff on financial policies and procedures to foster a culture of accountability within the organization.
• Build relationships with key stakeholders in the community to enhance the hospital’s reputation.
• Keep abreast of changes in accounting standards, regulations, and best practices relevant to healthcare finance.
• Engage in professional development activities to enhance accounting skills and knowledge specific to healthcare finance.

Requirements

• Bachelor’s degree in Accounting (required).
• Minimum of 3 years of experience in accounting roles, preferably within a healthcare setting.
• Strong knowledge of Nigerian accounting standards and healthcare finance regulations.
• Proficient in accounting software (e.g., QuickBooks, Sage) and Microsoft Excel.
• Excellent analytical skills with attention to detail.
• Strong communication skills for effective interaction with patients, staff, and external stakeholders.

Benefits

Salary

• ₦150,000 – ₦200,000 monthly

Other Benefits: Health cover, paid leave, professional development opportunities.

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