Accounting Team Lead

4 days ago

Kuwait City, Al Asimah Mace & Wheeler Pvt Ltd Full time

About Us:

We are Mace & Wheeler Pvt Ltd, a dynamic company that provides innovative solutions to our clients. Our team of experts works tirelessly to deliver exceptional results.

Job Summary:

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 Mace & Wheeler Pvt Ltd:

We are a dynamic company that provides innovative solutions to our clients. Our team of experts works tirelessly to deliver exceptional results.

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