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Chief Financial Officer
1 month ago
As a three-time Certified Great Place to Work®, we are serious about creating a strong, opportunity-rich culture driven by a mission to provide an exceptional lifestyle for our residents. Here, you never work alone. You have a team working alongside you, a team that cares just as much about how you're doing as what you're doing. And we make your safety and well-being our priority-with vaccinated staff and residents, rest assured we stand by this commitment.
We are seeking an experienced and strategic Chief Financial Officer (CFO) to join our team. The CFO will be responsible for overseeing all financial aspects of the organization, driving the financial planning and strategy, and ensuring the organization's financial health. This role requires a visionary leader who can manage a diverse team, provide strategic insights, and collaborate with other leaders to foster the organization's growth.
Senior Living/CCRC experience required.
Relocation assistance available.
Job Summary:
The CFO leads the Organization in significant financial decision making, providing forward thinking strategic leadership that ensures the financial success, sustainability and growth of the Organization. Their focus includes overall financial strategy, investments and long-term planning as well as maintaining the day-to-day financial operations such as accounting, budgeting and reporting. The CFO's primary responsibility is the financial health of the Organization's life plan community, Plymouth Place, but is also responsible for financial oversight of Plymouth Management Services and providing financial consulting services to Plymouth Management Services clients on an as needed basis. As an Officer, the CFO must have excellent communication skills to be forward facing with the Board of Directors, Residents, Families, Clients and Staff.
ESSENTIAL JOB FUNCTIONS/RESPONSIBILITIES: Employee will apply skills to ensure Person Centered Care as exhibited through our Pillars of Excellence:
- PEOPLE
- STEWARDSHIP
- SERVICE
- QUALITY
- GROWTH
• Assess and evaluate financial performance with regard to long-term operational goals, budgets and forecasts.
• Create strategic financial plans, including methods to increase revenue and reduce costs.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models with a strong focus on revenue growth and profitability.
• Budget, forecast, and oversee current and future investments and capital structures.
• Interact with and bring department into line overall goals, initiatives and recommendations.
• Utilize forward-looking models and activity-based analysis to provide financial insight into the Organization's plans and operating budgets.
• Engage Executive Director, CEO, President and/or Board of Directors to develop short term and long-term plans, projections and budgets.
• Develop, negotiate and monitor all client and vendor contracts.
• Prepare and present monthly financial reports including monthly profit and loss, forecast vs. budget and weekly cash.
• Supervise the finance/accounting team.
• Review and ensure application of appropriate internal controls, compliance and financial procedures.
• Ensure timeliness, accuracy of financial, and management reporting data for Executive Director, CEO, President and company's board of directors.
• Enhance and implement financial and accounting systems, processes, tools and control systems to facilitate clean audits with limited adjustments.
• Ensures that all financial approval processes are in place and followed. Maintains the records of the company in accordance with Generally Accepted Accounting Principles (GAAP)
• Consistently set the Company up for success to achieve budget
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments and asset management functions.
• Comply with applicable federal, state and local laws, rules, and regulations; maintains knowledge of and follows all Plymouth Place policies and procedures.
• Maintain regular and punctual attendance at work and meetings.
• Attends in-service and education programs.
Requirements
• A bachelor's degree in accounting or finance required, MBA and CPA Preferred
• Extensive experience in finance (15+) in progressively responsible roles
• 3 years minimum experience as a CFO required; Senior Living/CCRC industry required
Knowledge, Skills and Abilities Required:
• Strategic thinking and decision-making.
• Strong leadership and communication skills.
• Strong presentation skills - presenting to staff, residents, families, board members and at industry conferences.
• Regulatory and compliance knowledge.
• People management - ability to strongly lead finance team, mentor and develop team members and be a positive role model for other staff members
• Ability to foster collaboration across disciplines
• Financial modeling and forecasting expertise
• Knowledge of risk management.
• Knowledge with NetSuite and PCC (Point Click Care)
• Knowledge with Generally Accepted Accounting Principles (GAAP)
• Understanding of Life Care Contracts and Entrance Fee models
• Technology - financial software, data analytics, emerging technologies
• Analyzing data, developing forecasts, creating plans
• Ability to read, write and speak English sufficient to perform job duties and to interact and communicate with residents, families, and employees.
