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Chief Financial Officer

People EquationLudhiana, Punjab, India

12 days ago

Job description

Role : Chief Financial Officer (CFO)

Location : Punjab, India

Hospital Type : Multi-Specialty, 220 Beds

Reporting To : Managing Director / COO

Supervises : Finance & Accounts Team, Billing, Procurement, Commercials, Internal Audit

Qualifications & Experience

Qualified Chartered Accountant (CA) or MBA (Finance) from a reputed institute
15+ years of progressive experience , preferably with 5+ years as CFO or Financial Controller in a hospital , healthcare chain, or related service industry
Proven expertise in budgeting, forecasting, compliance, and business finance
Strong grip on hospital ERP systems, financial automation tools

Role Overview

The CFO will be a strategic member of the hospital's leadership team, responsible for leading the financial strategy, forecasting, and risk management. This role involves creating and owning the Annual Operating Plan (AOP), ensuring financial compliance, enabling informed decision-making, and driving sustainable growth through robust controls and performance insights.

Key Responsibilities

Strategic Financial Planning & Forecasting

Lead the development, review, and execution of the Annual Operating Plan (AOP) in alignment with the hospital’s strategic objectives.

Drive short-term and long-term financial forecasting, scenario planning, and cost optimization initiatives.

Partner with operations and clinical heads to translate volume and resource assumptions into financial plans.

Financial Control & Compliance

Ensure timely and accurate bookkeeping, financial statements, and monthly closings.

Maintain strong internal controls, cash flow monitoring, and statutory compliance under Companies Act, Income Tax, GST, TDS, PF, ESIC, etc.

Coordinate with external auditors, internal auditors, and tax advisors.

Budgeting & Performance Monitoring

Own the budgeting process and regularly monitor variances with heads of departments.

Develop department-level KPIs and dashboards to enable cost discipline and revenue growth.

Present monthly MIS, board packs, and business review insights to senior management.

Revenue Cycle & Cost Management

Oversee hospital billing, collections, third-party payments (TPA / insurance), and credit control.

Drive pricing strategy, cost-per-bed analysis, and margin improvement across services.

Monitor working capital, receivables aging, and vendor management processes.

Compliance, Risk & Governance

Ensure all statutory filings, licenses, and regulatory compliances are up to date.

Proactively manage legal and financial risks; maintain insurance coverage and business continuity plans.

Implement best practices in procurement, contract management, and inventory controls.

Strategic Projects & Expansion

Support leadership in evaluating capex investments, new service lines, partnerships, or acquisitions.

Lead financial due diligence and project ROI assessments.

Guide technology upgrades in financial systems and ERP adoption.

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Chief Financial Officer • Ludhiana, Punjab, India

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