Management Accountant Full Time NEW

The Management Accountant is responsible for providing accurate financial information and insights to support the hospital’s strategic decision-making process. This role involves budgeting, forecasting, variance analysis, cost management, and performance reporting. The Management Accountant works closely with the Finance Manager and other department heads to ensure financial efficiency and effective resource allocation within the hospital.
Key Responsibilities:

Financial Planning and Analysis:

• Develop and maintain detailed financial models to support budgeting, forecasting, and long-term planning.
• Prepare monthly, quarterly, and annual financial reports and analysis, highlighting key variances and trends.
• Provide financial insights and recommendations to the Finance Manager and department heads to inform strategic decisions.

Budgeting and Forecasting:

• Coordinate the annual budgeting process, working with various departments to develop comprehensive budgets.
• Prepare rolling forecasts and update them regularly based on actual performance and changing assumptions.
• Monitor budget performance, analyze variances, and work with departments to implement corrective actions as needed.

Cost Management:

• Analyze hospital costs and identify opportunities for cost savings and efficiency improvements.
• Monitor and report on departmental spending against budget, identifying areas of concern and recommending actions.
• Support cost control initiatives and implement best practices for cost management across the hospital.

Performance Reporting:

• Develop and maintain performance dashboards and key performance indicators (KPIs) to track hospital performance.
• Prepare financial and operational performance reports for senior management
• Conduct benchmarking analysis against industry standards and best practices.

Internal Controls and Compliance:

• Ensure adherence to internal financial policies and procedures, supporting a robust internal control environment.
• Assist with the preparation of financial statements and ensure compliance with regulatory requirements.
• Support internal and external audits by providing necessary documentation and addressing audit findings.

Project Analysis and Support:

• Conduct financial analysis and feasibility studies for new projects, programs, and initiatives.
• Provide financial support for capital investment decisions, including cost-benefit analysis and ROI calculations.
• Collaborate with project managers to monitor project budgets and financial performance.

Financial Systems and Processes:

• Utilize and maintain financial systems and software to ensure data accuracy and efficiency.
• Identify opportunities to streamline financial processes and implement system improvements.
• Provide training and support to hospital staff on financial processes and systems as needed.

Collaboration and Communication:

• Work closely with the Finance Manager and other department heads to provide financial guidance and support.
• Communicate financial information and insights to non-financial managers in an understandable manner.
• Participate in cross-functional teams and projects to support hospital-wide initiatives.

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. CPA, CMA, or equivalent certification preferred.
• Experience: 3-5 years of experience in management accounting, financial analysis, or a similar role, preferably in a healthcare setting.