Medanta - Finance Manager - Lab & Pharmacy Vertical

Description:

About the Role:

The Manager Finance will oversee and guide the finance & accounts function across all laboratory and pharmacy locations/units.

The role will provide leadership to unit-level accountants, ensure adherence to financial processes, maintain compliance, and support business decision-making with accurate and timely reporting.

Key Responsibilities:

Team Leadership & Coordination:

- Lead, mentor, and supervise all accountants/finance executives across laboratories and pharmacy outlets.

- Standardize finance processes and ensure consistency across all locations.

- Build capability of unit-level resources through training and support.

Financial Operations:

- Oversee day-to-day accounting, billing, collections, payments, and reconciliations.

- Ensure timely month-end and year-end closures for all units.

- Monitor working capital, cash flows, vendor payments, and receivables.

Compliance & Controls:

- Ensure GST, TDS, statutory filings, and regulatory compliance across all locations.

- Strengthen internal controls and ensure adherence to SOPs.

- Coordinate with auditors (internal & statutory) and ensure timely completion.

Business Finance & Analytics:

- Consolidate MIS from all locations and present financial dashboards to management.

- Track profitability, costs, and key financial ratios of labs and pharmacies.

- Provide insights for decision-making on expansion, cost control, and pricing.

System & Process Improvements:

- Drive automation and digital adoption in finance processes.

- Ensure effective utilization of ERP/accounting systems across units.

- Identify gaps and implement best practices for efficiency.

Key Skills & Competencies:

- Strong knowledge of accounting, taxation, and compliance (preferably in healthcare/retail).

- Ability to manage and lead geographically dispersed teams.

- Proficiency in financial reporting, analysis, and MS Excel/ERP systems.

- Strong communication and stakeholder management skills.

- Problem-solving and process improvement mindset.

Qualification & Experience:

Education: CA / CMA / MBA (Finance) / M.Com.

Experience: 10 - 12 years in finance & accounts, with at least 23 years in a multi-location retail, healthcare, or service industry setup.

Preferred: Experience in laboratory, pharmacy, or healthcare retail chains.