Financial Accountant (12 month fixed term contract Medico Legal)

MedHealth is a purpose-built collection of industry-leading health, medical, and employment brands. Our unique and diverse capabilities are dedicated to achieving the best possible health and employment outcomes for individuals and the people they support. Additionally, Lex Medicus is an established premier international provider of independent medical opinions and specialist services, serving insurers, private and government employers, self-insured companies, and the legal profession.

Lex Medicus is an established and reputable medico-legal provider, operating for 13+ years. Lex Medicus is privileged to collaborate with over 220+ experienced and credentialed medical experts, spanning over 50 specialties. Together, we are committed to delivering impartial, fit-for-purpose and high-quality medico-legal reports and impairment services throughout Australia.

The purpose of a Financial Accountant is to manage and oversee Lex Medicus' financial accounts and transactions, ensuring accuracy, compliance, and transparency in financial reporting. This role is responsible for maintaining financial records, preparing financial statements, managing accounts payable and receivable, reconciling financial data, and providing critical financial information and analysis to support decision-making and strategic planning
 

Accounts Payable

• Enters all supplier invoices into Finance system.
• Reconciles expert invoices against Sales invoices ensuring charges are correct and consultants are paid.
• Prepares and emails the Weekly Accounts Payable report to top management for supplier payment approval;
• Ensures supplier invoices are paid in a timely manner;
• Attends and provides updates at scheduled meetings;
• Maintains and updates Finance SOPs as required;
• Reconciles the bank accounts, petty cash and credit card account in system.

Accounts Receivable

• Prepares and emails the weekly Accounts Receivable report to top management
• Checks bank account daily to check for any EFT payments from clients;
• Marks invoices as paid in Practice Manager and finance systems when payments are received.
• Process Cheques daily and banked

Invoicing

• Issues invoices from Practice Manager within 48 hours; Uploads invoices to Practice Manager. Must ensure the invoices are billed correctly as per fee schedules, cost agreements and quotations.
• Sends reminders when invoices are outstanding for 14 days +;
• Follows up any 30 day plus outstanding invoices via a phone and/or email;
• Maintain regular communication top management.

Reporting

• Provide monthly financial reports to the management team and assist in ensuring expenses remain within budget
• Provide weekly reporting or as requested by management
• Provide month-end reports in a timely fashion to MedHealth Group.
• Prepare and update budget with projected forecast and financial insights to meet business goals and growth.

Leadership

• Training and coaching of direct reports to promote personal and professional development through regular one-on-one meetings and conducting performance reviews.   
• Maintain & promote a healthy and positive working environment & company culture in line with company values; 
• Assist in knowledge sharing at team meetings;  

Business Development

• Participates in regular business development updates and training as part of weekly team meetings;
• Promotes Lex Medicus on social media;
• Attends Lex Medics seminars, functions and training days as required;
• Business development communications with lawyers and clients.

Qualifications and Experience

• Bachelor of Accounting and/or Finance

Specific Knowledge and Skills

• Managerial aptitude with previous management experience 
• Strong understanding of accounts processes, including accounts payable and receivable, payroll, and reconciliation 
• Previous experience with Xero highly regarded. 
• Legal, insurance or medical industry experience – highly regarded. 

You are welcome here.

Our fast-growing team of more than 3,500 people around Australia represent a huge array of life experiences, skills and ways of thinking. We value all these differences. 

We are an Equal Opportunity Employer, proudly welcoming people with disability including mental health conditions, people from diverse cultural and linguistic backgrounds, people from the LGBTQI community, veterans, carers and Indigenous Australians to our team.

We are happy to adjust our recruitment process to support accessibility needs.