Job Description: Accounting Manager (Hospital / Healthcare)
Job Summary
We are seeking a highly experienced Accounting Manager with extensive experience in the hospital or healthcare industry to oversee all accounting operations, financial reporting, budgeting, and regulatory compliance. The ideal candidate has a strong understanding of hospital financial processes, revenue cycle management, PhilHealth reimbursements, healthcare regulations, and financial analysis to support strategic decision-making and operational excellence.
Key Responsibilities
- Manage the overall accounting operations, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, Payroll, and Treasury.
- Prepare accurate and timely monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
- Oversee hospital revenue recognition, billing reconciliations, PhilHealth claims accounting, HMO receivables, and patient account reconciliations.
- Ensure accurate recording and monitoring of healthcare revenues, professional fees, charity accounts, and government reimbursements.
- Lead the annual budgeting process, financial forecasting, and variance analysis.
- Monitor cash flow and working capital to ensure the hospital's financial stability.
- Ensure compliance with BIR, SEC, DOH, PhilHealth, PEZA (if applicable), and other government regulatory requirements.
- Coordinate internal and external audits and ensure timely resolution of audit findings.
- Develop and strengthen internal controls to safeguard hospital assets and minimize financial risks.
- Analyze financial performance and provide recommendations to improve operational efficiency and profitability.
- Collaborate with department heads regarding budget utilization and financial planning.
- Supervise, mentor, and develop the accounting team to ensure high performance and continuous professional growth.
- Review accounting policies and procedures and recommend process improvements through automation and best practices.
- Prepare reports and presentations for executive management and the Board of Directors.
Qualifications
- Bachelor's Degree in Accountancy.
- Certified Public Accountant (CPA) is highly preferred.
- At least 8-10 years of progressive accounting experience, with a minimum of 5 years in a managerial role within a hospital, medical center, or healthcare organization.
- Extensive knowledge of hospital accounting, healthcare finance, revenue cycle management, and cost accounting.
- Strong understanding of PhilHealth claims processing, HMO billing, patient accounting, and healthcare reimbursement systems.
- Thorough knowledge of Philippine Financial Reporting Standards (PFRS), taxation, and regulatory compliance.
- Experience handling annual external audits and government audits.
- Proficient in ERP systems and hospital information systems (HIS), as well as Microsoft Excel and other financial reporting tools.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent leadership, communication, and stakeholder management abilities.
- Ability to thrive in a fast-paced healthcare environment and manage multiple priorities.
Preferred Qualifications
- Experience in multi-hospital or tertiary healthcare institutions.
- Background in healthcare financial planning and analysis (FP&A).
- Experience implementing ERP or hospital accounting systems.
- Knowledge of healthcare costing methodologies, DRG/case rates, and revenue optimization initiatives.
- MBA or other advanced finance-related certifications are an advantage.
Core Competencies
- Financial Management
- Hospital Revenue Cycle Management
- Budgeting & Forecasting
- Financial Reporting
- Regulatory Compliance
- Internal Controls & Risk Management
- Audit Management
- Leadership & Team Development
- Strategic Financial Planning
- Process Improvement & Systems Implementation
Why Join Us
- Join a dynamic healthcare organization where your expertise will directly contribute to delivering quality patient care through sound financial management. Be part of a leadership team committed to operational excellence, innovation, and continuous improvement.
