Senior Accountant
VPS healthcare - (LLH HOSPITAL Group/ LIFELINE Hospital Group (Formerly known))
Total years of experience :18 years, 11 Months
Highlights
• Strategically established business models/process to update the financial domain, aligned all the systems/procedures/practices, having an impact on financial soundness and ensured operational efficiency for the hospital and pharmacy.
• Periodically projected cash requirements and conformed adequate funds in the bank for smooth and scheduled execution of ongoing business activities and thus maintained sound cash flow and optimal liquidity.
Key Responsibilities
• Collaborating and compiling financial data arising from business activities for posting journal entries, preparing general ledger accounts, supervising month-end closing of books and formulating year-end financial statements.
• Reviewing that all bank reconciliation, cash-flow, fund-flow statements, purchase and sale register, petty cash register and day book cash book are routinely updated on accrual basis and conform to all organizational policies and guidelines and GAAP.
• Recording and updating monthly pay roll activities through WPS and ensuring timely disbursement of staff salaries and other obligations.
• Analyzing age-wise debtors report and developing a meticulous follow-up mechanism for receiving timely payments from debtors and updating same in the system.
• Evaluating and verifying invoices and their accompanying payment requests facilitating timely payments for vendors and maintaining records for advance payments made.
• Generating an array of analytical reports like monthly reports, MIS reports and various other reports that exhibit the financial soundness of the organization for top management review.
• Moderating cash collection of pharmacies/clinic and ensuring timely banking of the same, recording insurance and credit card transactions and reconciling the same to in the books of accounts.
• Scrutinizing revenues between different departments i.e. radiology, laboratory etc. establishing and analyzing trends and keeping the management abreast of any significant variation in the same.
• Liaising largely with insurance companies and submitting any claim/document/information to them on time and aggressively following-up to receive payments for the same.
• Undertaking other routine administrative functions like preparation of invoices for extending medical support, calculating doctor’s commission and proactively identifying opportunities to minimize costs.
Key Responsibilities
• Led a team of two members and handled full spectrum of accounting functions e.g. preparation of various monthly reports, purchase register, sales register, formulated financial statements and analyzed monthly closing books of account maintained.
• Monitored and reviewed accounting and related system reports for accuracy and completeness, certified conformance with all accounting standards and policies, various, legal and regulatory procedures, organization’s standard methods and practices.
• Computed various MIS reports for inventory while monitoring purchases to maintain requisite levels of inventory by diligently making payments to suppliers to entail a smooth flow of business transactions.
• Managed accounts receivables and accounts payable, evaluated invoices received, and disbursed demands after formal verification, carried out effective follow-up for accounts receivable and timely updated the same thus maintaining a comfortable cash flow in the business.
• Judiciously handled daily cash collection of pharmacies and clinics and ensured timely banking of the same, documented credit card sales, and sales backed by insurance.
• Offered strategic recommendations to department heads and group CFO devising effective policies/procedures, streamlining various business processes to augment operational efficiency and thus accelerate growth.
• Performed audits to pharmacy outlets and ensured that all the transactions are documented in a prescribed manner and other operational data and relevant activities are accurate and in line with organizations planned policies and methodologies.
• Governed an environment of internal control by devising and implementing effective policies to fine tune the financial summary of the pharmacies and central purchasing units.
Key Responsibilities
• Performed routine accounting functions like preparation of journal entries, general ledger operations, vendor accounts, monthly income statement, finalization of financial statements, and maintenance of petty cash, day book/cash book, and bank reconciliations.
• Managed preparation of purchase/sales register and maintained optimum levels of inventory ensured that all the financial statements/reports/summaries are accurate and conforming to various accounting policies and reporting standards.
• Closely monitored ageing debtors and developed a rigorous follow-up mechanism to receive timely payments from them. Facilitated payments to creditors on time and supplemented such payments with requisite approvals/documents.
• Classified sources of revenue, compared and contrasted revenue between departments i.e. laboratory, consultation etc., formulated monthly analytical reports and presented the same to senior management.
• Conducted detailed analysis and prepared cost summary of laboratory department, calculated lab outsourcing expenses, and offered vital inputs to effect reduction in cost.
• Devised and implemented business models/process to fine tune the financial summary, aligned all the systems/procedures/practices, conducted budgetary controls, to ensure operational efficiency for the organization.
• Provisioned strong accounting support to senior accountants in preparation of journal entries, maintenance of requisite ledger accounts, formulation of trial balance and computation of financial statements.
• Ensured that the day book and cash book is updated and posted to the ledger on a daily basis and that banking of cash takes place on time. Assisted in preparations of bank reconciliation statements.
• Generated and evaluated accurate stock statements, monitored incoming/outgoing stock and balance stock in hand, maintained optimum inventory levels and reviewed the price-list of residual stock in hand.
• Administered other accounting duties such as devising budgets, preparing cash flow and flow statements, conducted ratio analysis and facilitated in filing monthly VAT returns (Value Added Tax) to commercial tax department.
CMA- Exam appointment on 17-October-2015 at Abu Dhabi. confirmation No: 8870000001159976
Bachelor of Commerce
