
Chief Financial Coordinator
4 days ago
About the Role:
We are seeking a highly skilled Senior Accountant to join our finance team. The ideal candidate will have a strong background in accounting, excellent analytical skills, and the ability to work effectively with cross-functional teams.
Key Responsibilities:- Prepare and review monthly, quarterly, and annual financial statements according to relevant accounting standards.
- Ensure accurate and timely financial reporting, including balance sheets, income statements, and cash flow statements.
- Oversee financial audits and liaise with external auditors to ensure compliance.
- Budgeting and Forecasting:
- Lead the budgeting and forecasting process for clinical operations and departments.
- Collaborate with department heads to develop accurate financial projections and track performance against budget.
- Monitor variances and provide actionable insights for cost management and financial improvement.
- Cost Analysis:
- Perform cost analysis related to clinical services, procedures, and supplies.
- Monitor the financial impact of clinical decisions, such as purchasing medical equipment or negotiating with vendors.
- Review and evaluate the financial health of clinical programs and initiatives.
- Compliance and Regulatory Requirements:
- Ensure compliance with healthcare regulations, including billing practices, Medicare/Medicaid, and other payer systems.
- Stay up-to-date on changes in healthcare laws and tax regulations affecting financial operations.
- Manage compliance with the Health Insurance Portability and Accountability Act (HIPAA) as it pertains to financial data.
- Accounts Payable and Receivable:
- Supervise accounts payable and receivable functions to ensure timely processing of payments and collections.
- Oversee the reconciliation of outstanding invoices, insurance claims, and patient accounts.
- Ensure proper handling of patient billing and coding procedures.
- Internal Controls:
- Establish and maintain internal controls to safeguard company assets and ensure accuracy in financial reporting.
- Recommend improvements to processes for efficiency and risk mitigation.
- Team Management and Leadership:
- Manage and mentor junior accounting staff.
- Provide training and guidance to ensure team members understand accounting processes and procedures.
- Coordinate with cross-functional teams, including clinical, billing, and administrative departments, to resolve financial issues.
- Data Analysis and Reporting:
- Use financial data to identify trends, make recommendations, and support strategic decision-making within the clinical and medical environment.
- Present financial information to senior management, department heads, and stakeholders.
About Baraka International Co. For Foodstuff - Mubarak Al-Kabeer:
We are a leading foodstuff company in Kuwait, providing high-quality products to our customers. Our company values include integrity, teamwork, and customer satisfaction.
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