Accountant, Receivables

To ensure the Company bills, invoices and corrects all revenue due to it for all services rendered to patients and other clients.

Key Duties and Responsibilities include:

• Ensure periodic Posting of client’s receipt in the systems to produce month statements
• Ensure proper costing of new procedures, services, drugs etc. and ensure all items on patient bills are above cost (cost plus set margins);
• Ensure frequent update of reviewed prices in the system as and when price changes occur;
• Ensure revenue codes are created in the system to ensure all revenues streams are correctly recorded and closely monitored;
• Lead monthly reconciliation of revenue reported in the daily reports and the management accounts;
• Randomly undertake daily review of revenue postings to ensure proper pricing and coding;
• Monitors returned, queried or rejected invoices to ensure the queries are addressed, insurance company advised and or the money is recovered from concerned patients.
• Analyze all back dated transactions;
• Carry out revenue audits, report on findings and make recommendations for improving the systems;
• Assist the Senior Accountant in undertaking revenue forecasts;
• Prepare, analyze and circulate revenue reports as per agreed formats and timelines;
• Assist the Accountant to Prepare Budget and Financial statements for the Company;
• Ensure all bills and invoices are correct, sent to the right client (insurance company) and client accounts updated.
• Ensure all queries raised by insurance companies on bills and invoices are responded to comprehensively and on time.
• Analyze the staff medical expenditure;
• Assist the Senior Accountant in the preparation and reconciliation of ledger balances, trial balance and balance sheet accounts;
• Complete monthly billing processes related to financial accounting;
• Scrutinize and evaluate clients un-finalized and interim invoices;
• Ensure outpatient invoices are verified rectification of errors done;
• Analyze various reports to establish due charges including monthly discharge time report, and inpatient and outpatient invoices delivery reports;
• Ensure timely delivery of accurate and updated invoices;
• Ensure monthly postings of billings into the Accounts system;
• Ensure prompt resolution of any disputes arising;
• Liaise with the Credit Controller and other sections/departments to address and resolve queries raised by patients and corporate clients;
• Undertake confirmation and passing of credit notes;
• Ensure proper implementation and adherence of billings procedures, policies and work instruction;
• Evaluate and make recommendations on improvements based on the monthly billing performance report;
• Review and analyze billing reports and make relevant recommendations;
• Any other duties as may be assigned from time to time
• Perform Any other duties as may be assigned from time to time

Essential Skills And Competencies:

• Sound Knowledge of revenue accounting and management practices
• Knowledge of revenue management and billing systems
• Ability to compare data from a variety of sources for accuracy and completeness
• Good analytical skills
• Ability to reconcile and/or balance financial transactions and accounts-Bank reconciliation
• Ability to follow, apply, interpret, and explain instructions and/or guidelines
• Ability to determine work priorities
• Sound knowledge of transaction auditing and tracking methods
• Ability to meet schedules and deadlines of the work
• Highly organized and good planner

Essential Personal Attributes:

• Self-motivated and dynamic
• Ability to work under strict deadlines
• Able to perform well with minimal supervision
• Keen to details
• Ability to work under pressure