Charted Accountant at Hospital For Trauma and Surgery

About the Role

An exciting opportunity has arisen for a motivated professional to join Hospital For Trauma and Surgery in Lagos, Nigeria as a Chartered Accountant.

Key Responsibilities

Financial Reporting and Analysis

• Prepare comprehensive financial statements for hospital operations, including balance sheets, income statements, and cash flow reports
• Analyze financial data, trends, and key performance indicators (KPIs) to identify discrepancies and monitor financial performance
• Provide financial insights to management for informed decision-making
• Conduct detailed cost reporting, including calculating the cost of medical procedures, services, and departments to identify efficiency improvements and cost reduction opportunities
• Prepare and submit financial reports to state and federal regulatory agencies, third-party payers, and other external stakeholders in compliance with healthcare-specific regulations

Budgeting and Forecasting

• Assist in the development and preparation of the hospital's annual operating and capital budgets in collaboration with department heads and administrators
• Monitor departmental and hospital-wide expenditures against budget allocations
• Investigate variances and report on financial outcomes
• Conduct financial forecasting and risk analysis to support strategic planning and ensure future financial stability

General Accounting and Record Keeping

• Maintain and reconcile the general ledger, account ledgers, and subsidiary accounts
• Prepare and enter monthly or recurring journal entries
• Perform bank reconciliations and reconcile various accounts
• Oversee or directly manage accounts payable (vendor invoices) and accounts receivable (patient/payer billing) processes

Revenue Cycle Management and Billing

• Monitor, balance, and manage patient accounts and billing processes