Head - Finance Shared Services

1 week ago


California, United States Narayana Health Full time

Select how often (in days) to receive an alert: Narayana has a large finance team (400 + members including billing and accounting) engaged in operational activities. The Shared Services leader will be responsible for assessing the current maturity of each of these roles, envisaging whether there is a more efficient way of operating through centralisation, digitisation, automation or elimination and lead Narayana to an end state organisation which is efficient, seamless and digital. The key responsibilities are: Identifying the Art of the Possible for the Organisation Breaking it down into meaningful sub projects and creating an execution plan Working with a multi functional team across finance, IT, Supply chain ad HR and delivering the execution plan Creating tangible measures to assess the effectiveness and benefits realized from the transformation. Experience:

Minimum

20-22 years

of experience in finance shared services, with at least 5 years in a leadership role within the Healthcare/ Pharma industry Educational Qualifications:

Chartered Accountant (CA) – semi qualified or equivalent qualification OR MBA in Finance or related field is preferred. (B.Com/M.com with MBA) Key Responsibilities: A. Strategic Leadership and Governance Develop and implement the strategic roadmap for the Finance Shared Services aligned with the overall corporate strategy of the group. Establish robust governance frameworks to ensure compliance with regulatory requirements and internal policies. Engage with key stakeholders including senior management, department heads, and external partners to align financial shared services with business objectives. B. Financial Operations & Control Lead continuous improvement initiatives to enhance efficiency and effectiveness of financial processes including accounts payable, accounts receivable, payroll, and general ledger. Implement robust internal controls to safeguard assets, mitigate risks, and ensure compliance with healthcare industry standards and regulations. Implement rigorous quality control measures to ensure accuracy, completeness, and timeliness of financial transactions and reports. C. Technology and Innovation: Oversee the implementation, maintenance, and enhancement of ERP systems (e.g., SAP, Oracle) to streamline financial operations and improve data accuracy. Drive the adoption of automation tools and digital solutions to increase efficiency, reduce manual efforts, and enhance data integrity. Utilize advanced analytics and business intelligence tools to provide actionable insights and support strategic initiatives. D. Compliance and Risk Management: Ensure compliance with all relevant healthcare regulations, accounting standards, and financial reporting requirements (e.g., IFRS, GAAP). Coordinate internal and external audits, addressing findings and implementing corrective actions to enhance financial governance. Identify and manage financial risks, developing and implementing strategies to mitigate potential impacts on the organization’s financial health. Candidate Skills Required: 1. Functional Skills: Deep understanding of financial operations, preferably within the healthcare sector, including hospital billing, revenue cycle management, and healthcare regulations. Expertise in ERP systems (preferably, Oracle Fusion), automation tools, and data analytics platforms. 2. Behavioral Skills: Strong analytical and problem-solving capabilities, with a focus on process improvement and operational efficiency. Proven ability to lead and inspire large finance teams, driving performance and fostering a culture of collaboration and innovation

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