Financial Accountant (12 Month Fixed Term Contract)
Lex Medicus is a premier international provider of independent medical opinions and specialist services. We serve insurers, private and government employers, self-insured companies, and the legal profession.
We are an established and reputable medico-legal provider, operating for 13+ years. We collaborate with over 220 experienced and credentialed medical experts, spanning over 50 specialties. Together, we deliver impartial, fit-for-purpose and high-quality medico-legal reports and impairment services throughout Australia.
Job Description
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.
Key Responsibilities
Accounts Payable
* Enter all supplier invoices into Finance system.
* Reconcile expert invoices against Sales invoices ensuring charges are correct and consultants are paid.
* Prepare and email the Weekly Accounts Payable report to top management for supplier payment approval.
* Ensure supplier invoices are paid in a timely manner.
* Attend and provide updates at scheduled meetings.
* Maintain and update Finance SOPs as required.
* Reconcile the bank accounts, petty cash and credit card account in system.
Accounts Receivable
* Prepare and email the weekly Accounts Receivable report to top management.
* Check bank account daily to check for any EFT payments from clients.
* Mark invoices as paid in Practice Manager and finance systems when payments are received.
* Process cheques daily and bank them.
Invoicing
* Issue invoices from Practice Manager within 48 hours; upload invoices to Practice Manager. Ensure the invoices are billed correctly as per fee schedules, cost agreements and quotations.
* Send reminders when invoices are outstanding for 14 days or more.
* Follow up any 30 days plus outstanding invoices via a phone and/or email.
* Maintain regular communication with 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
* Train and coach direct reports to promote personal and professional development through regular one-on-one meetings and conducting performance reviews.
* Maintain and promote a healthy and positive working environment and company culture in line with company values.
* Assist in knowledge sharing at team meetings.
Business Development
* Participate in regular business development updates and training as part of weekly team meetings.
* Promote Lex Medicus on social media.
* Attend Lex Medicus seminars, functions and training days as required.
* Business development communications with lawyers and clients.
Qualifications and Experience
* Bachelor of Accounting and/or Finance.
* 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.
About Us
We welcome people from diverse backgrounds, skills and ways of thinking. We value our differences and strive for inclusivity.
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.