Medical Laboratory Accountant

Responsibilities:

• Develop and manage budgets and forecasts for equipment and staffing needs.
• Oversee payroll management for all technicians and administrative staff.
• Maintain accurate cash flow tracking and daily ledger entries.

Nigerian Statutory & Regulatory Compliance:

• Ensure alignment of financial records with local and federal laws.
• Manage all tax filings, including Value Added Tax (VAT), Withholding Tax (WHT), and PAYE obligations with the Federal Inland Revenue Service and State Internal Revenue Services.
• Process statutory remittances for corporate contributions required by the Industrial Training Fund (ITF), Nigeria Social Insurance Trust Fund (NSITF), and monthly Pension Fund Administrator (PFA) deductions.

Revenue Cycle & Billing Management:

• Reconcile and audit receivables from NHIA schemes, private HMOs, and corporate clinic retainers to mitigate bad debts.
• Maintain separate daily cash logs for various revenue channels, including walk-in patients and home-service test collections.
• Manage debt recovery processes, closely monitoring outstanding invoices and following up with clients on pending payments.

Inventory Control & Reagent Costing:

• Monitor the shelf-life and fluctuating costs of imported medical consumables, adjusting test pricing accordingly.
• Implement stock valuation methods such as First-In, First-Out (FIFO) or Weighted Average to manage inventory effectively.
• Conduct audits to assess financial losses stemming from expired diagnostic batches or unbilled emergency test reruns.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional accounting qualification (e.g., ACA, ACCA) is an advantage.
• Proven experience in accounting within the healthcare sector or related industries.
• Strong understanding of Nigerian tax laws and regulatory compliance.
• Excellent analytical skills and attention to detail.
• Proficient in accounting software and Microsoft Excel.