Senior Manager-Costing & Internal Audit

Job Description Senior Manager -Costing & Internal Audit
Position: Senior Manager - Costing & Internal Audit
Experience: 10 to 15 Years
Industry Preference: Healthcare / Hospital
Qualification: CA / ICWA (CMA)
Location: Faridabad
Reporting To: CFO

Job Summary

We are looking for an experienced Senior Manager :Costing & Internal Audit to lead costing, financial analysis, internal audit, and process control activities across the hospital. The person will be responsible for identifying cost-saving opportunities, improving financial controls, monitoring operational efficiency, and ensuring compliance with internal policies.

Candidates with strong experience in the hospital/healthcare industry will be preferred.

Key Responsibilities
Costing & Cost Control

• Develop and maintain costing models for hospital services, procedures, departments, and specialties.
• Analyse departmental and service-line costs and identify areas of cost improvement.
• Monitor actual costs against budgets and identify major variances.
• Prepare cost analysis for surgeries, procedures, diagnostics, pharmacy, OT, ICU and other clinical services.
• Work closely with clinical and operational teams to improve cost efficiency.
• Identify areas of leakage, wastage, and unnecessary expenditure.
• Support management in pricing and profitability analysis for various hospital services.

Internal Audit

• Lead the internal audit function across hospital operations and support functions.
• Prepare annual internal audit plans based on business risks.
• Conduct audits of revenue, billing, procurement, inventory, pharmacy, payroll, expenses, cash management and other key areas.
• Review processes and identify control gaps, financial leakages and compliance issues.
• Ensure timely closure of audit observations and follow-up on corrective actions.
• Coordinate with external auditors and management whenever required.

MIS & Financial Analysis

• Prepare regular MIS and management reports related to costing, profitability and operational performance.
• Analyse revenue, margins, expenses and departmental performance.
• Develop dashboards and reports to support management decision-making.
• Provide management with actionable insights based on financial and operational data.

Process & Controls

• Review existing SOPs and financial processes and suggest improvements.
• Strengthen internal financial controls across hospital units.
• Ensure proper authorization and documentation of financial transactions.
• Identify process gaps and recommend corrective measures.
• Support implementation of best practices across hospitals/business units.

Business Partnering

• Work closely with Finance, Operations, Procurement, Clinical, Pharmacy, Diagnostics and other departments.
• Provide financial inputs for new projects, services and expansion plans.
• Support management in evaluating profitability and cost implications of business decisions.

Candidate Profile

• 10 to 15 years of relevant experience in Costing, Internal Audit, Finance, MIS and Financial Analysis.
• CA / ICWA (CMA) qualification is mandatory.
• Experience in the hospital/healthcare industry is preferred.
• Strong understanding of costing, internal controls, audit processes and financial analysis.
• Experience in analysing hospital/service-line profitability will be an added advantage.
• Strong Excel and MIS skills; experience with ERP/HIS systems preferred.
• Good communication and stakeholder management skills.
• Strong analytical and problem-solving abilities.
• Ability to work independently and manage multiple priorities.

Key Competencies

• Costing & Cost Control
• Internal Audit
• Financial Analysis
• Budgeting & Variance Analysis
• MIS & Reporting
• Process Improvement
• Internal Controls
• Risk Management
• Healthcare Finance
• Stakeholder Management

Preferred Industry Experience
Hospitals / Healthcare / Healthcare Chains will be strongly preferred.