Job description
Ghosh Medical Group: Management Accountant
We are seeking an ambitious and proactive individual to support the financial operations of both our growing network of healthcare clinics and sister company Ghosh Pharmacy. The ideal candidate will have a proven track record of delivering accurate and timely financial reporting, improving efficiency and ensuring robust financial controls and processes are in place.
Who we are
Ghosh Medical Group is Liverpool’s leading private medical company. We have been up and running now for almost two decades, and in that time, with unwavering passion and persistence, we have developed a loyal, dedicated, and friendly environment for clients and staff alike.
The Ghosh Medical team provides the highest quality of care for our patients. We offer the opportunity to work alongside like-minded professionals in a modern medical facility, located in the heart of Liverpool's city centre, with a competitive salary and benefits.
You will be based at our flagship location, situated in the heart of Liverpool’s medical district. Rodney Street offers private medical, surgical, pharmacy and aesthetic services. In addition, we also have clinics in Chester, Manchester with additional locations planned.
What you will be doing
Working alongside the practice manager and administration team, your role will include the following:
* Finance Reporting
* Bookkeeping
* Credit Control
* Purchase Ledger
* Overseeing Payroll
Role Responsibilities
Purchase Ledger
* Responsible for purchase ledger and monthly payment run
* Supplier and subcontractor payment runs seeking invoice approval where necessary
* Monitor and reconcile supplier accounts on a regular basis
* Bank reconciliation
* Petty cash reconciliation
* Credit card expenses
* Monitoring costs against projects
* Resolve internal and external financial queries
* Generate reports detailing accounts payables status
* Ad-hoc projects given by Company Directors
Credit Control
* Proactively follow up on overdue patient debts within established guidelines.
* Resolve account enquiries and ensure accurate allocation of received payments.
* Issue correct invoices where discrepancies are found.
* Manage cash allocations from various sources, including insurances.
* Log communications in the CRM system.
* Respond to enquiries from patients, insurance providers, employers, and other third parties.
* Proactively contact relevant parties to follow up on unpaid balances.
* Investigate discrepancies and denials, taking necessary steps for resolution.
* Monitor contested accounts and implement solutions to resolve disputes.
Finance Reporting
* Lead the preparation of monthly financial statements including cash flow, profit and loss and balance sheets
* Verify the accuracy of business accounts
Oversee Payroll
* Ensure accurate and timely processing of payroll, including wages, deductions, and taxes.
* Monitor and maintain payroll records, ensuring compliance with all applicable laws and regulations.
* Coordinate with the external payroll agency to process new hires, terminations, and changes in employee information.
Bookkeeping Activities
* Ensure accurate and complete financial records are maintained in compliance with UK accounting standards
* Monitor and review financial transactions to ensure accuracy and consistency.
* Maintain a systematic and organised filing system for financial documents.
* Produce VAT returns
Optimise processes for efficiency:
* Contribute to the ongoing development of improved workflows and procedures.
* Utilise data analysis tools (spreadsheets and pivot tables) to track outstanding debts.
* Undertake necessary performance measures such as audits to make sure internal processes are being followed.
Develop and maintain positive relationships:
* Build and manage strong connections with key stakeholders both internally and externally to promote collaboration and effective working.
* Maintain positive relationships with patients by ensuring a caring approach is always upheld.
To be successful in this role you should have
* A ‘Can Do’ attitude
* Qualified (ACCA/ACA/CIMA)
* Excel skills – i.e. competent with pivot table, VLOOKUP’s, and IF functions with the ability to design appropriately formatted tables, reports and charts
* Extensive knowledge of understanding company financials and analysing financial data
* At least 2 years’ experience with demonstrable achievements in a finance department, ideally within the private medical industry.
* Demonstrable credit control experience and achievement
* Be patient, compassionate and ideally have some experience in customer service.
* Knowledge and experience using medical CRM, payment processing and accounting software (ideally Xero).
* Experience using insurance portals to check authorisations and investigate shortfalls/payments is advantageous.
* Knowledge and awareness of collection guidelines, insolvency process and limitations under PCI and GDPR regulations.
* High attention to detail.
* Confident and professional manner.
* Ability to lead and work well as part of a team.
* Excellent interpersonal and communication skills.
You will benefit from
* Employee benefits including Cycle to work scheme and Company pension
* On-site parking
* Competitive salary – depending on experience
* One working location
* 6 weeks of annual leave including Bank Holidays
Location: North West England, Liverpool.
Job Type: Full-Time Onsite
Salary: £30k - £40k WTE
Education:
* Diploma of Higher Education (preferred)
Experience:
* Finance: 2 years (preferred)
* Credit Control: 1 year (preferred)
* Xero: 1 year (preferred)
* Work Location: In person
Schedule:
* Monday to Friday
Reference ID: Management Accountant
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