Senior Finance Executive (Accounts Receivables)

Job Summary:

We are looking for a detail-oriented Senior Finance Executive to manage Accounts Receivable (AR), payment collections, and outstanding recoveries across our hospital network and partner hospitals. The role involves monitoring receivables, coordinating with hospital finance teams, ensuring timely collections, reconciling accounts, and maintaining accurate financial records.

Key Responsibilities:

• Manage Accounts Receivable, outstanding balances, and collection activities across hospitals and partner institutions.
• Coordinate with partner hospitals, insurance/TPA teams, corporate clients, and internal stakeholders to ensure timely payment realization.
• Follow up on overdue invoices and pending payments, ensuring systematic recovery and closure of outstanding dues.
• Prepare and maintain customer-wise and hospital-wise ageing reports, outstanding statements, and collection trackers.
• Reconcile customer accounts, investigate discrepancies, and resolve billing or payment-related issues.
• Track invoices, payment commitments, credit notes, deductions, and short payments.
• Maintain accurate records of receipts, collections, outstanding balances, and recovery status.
• Escalate long-pending receivables and disputed accounts to the Finance Manager for resolution.
• Coordinate with billing, operations, and other internal teams to resolve documentation gaps and facilitate collections.
• Prepare periodic MIS reports on receivables, collection performance, overdue payments, and recovery progress.
• Ensure compliance with internal financial controls, documentation standards, and established credit and collection policies.

Required Qualifications & Skills:

• Bachelor's degree in Commerce, Finance, or Accounting; M.Com or MBA Finance is an added advantage.
• 36 years of experience in Accounts Receivable, collections, credit control, or finance operations.
• Experience in hospital finance, healthcare billing, or managing receivables from other hospitals is preferred.
• Strong knowledge of invoice management, account reconciliation, receivables ageing, and collection processes.
• Proficiency in MS Excel and accounting software/ERP systems.
• Strong communication, negotiation, follow-up, and coordination skills.
• Ability to manage multiple accounts, monitor collection targets, and close long-pending receivables.

Key Performance Indicators (KPIs):

• Timely collection of outstanding receivables.
• Reduction in overdue receivables and ageing balances.
• Achievement of monthly collection and recovery targets.
• Timely resolution of account discrepancies and payment disputes.
• Accuracy and timeliness of receivables MIS and reconciliation reports.

Ideal Candidate: A finance professional with strong follow-up and recovery skills who can effectively manage hospital receivables, coordinate with partner hospitals, and drive timely realization of outstanding payments.