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Vice President of Finance

2 months ago

La Grange Park, Illinois, United States Plymouth Place Full time

At Plymouth Place, recognized as a three-time Certified Great Place to Work, we are dedicated to fostering a robust and opportunity-rich environment aimed at delivering an outstanding lifestyle for our residents. Here, collaboration is key; you will be supported by a team that prioritizes both your well-being and professional success. Our commitment to safety is unwavering, with fully vaccinated staff and residents ensuring a secure atmosphere for all.

We are in search of a seasoned and strategic Vice President of Finance to become an integral part of our leadership team. This role will encompass the oversight of all financial operations within the organization, spearheading financial planning and strategy, and safeguarding the fiscal health of our community. The ideal candidate will be a visionary leader capable of managing a diverse team, offering strategic insights, and working collaboratively with other executives to drive the growth of our organization.

Experience in Senior Living/CCRC is essential.

Relocation assistance is available.

Key Responsibilities:

The Vice President of Finance will guide the organization in critical financial decision-making, providing innovative strategic leadership that ensures the financial prosperity, sustainability, and expansion of Plymouth Place. Key responsibilities include:

  • Evaluating and assessing financial performance in relation to long-term operational objectives, budgets, and forecasts.
  • Formulating strategic financial plans aimed at enhancing revenue and minimizing costs.
  • Engaging in pivotal decisions concerning strategic initiatives and operational frameworks with a strong emphasis on revenue enhancement and profitability.
  • Overseeing budgeting, forecasting, and management of current and future investments and capital structures.
  • Collaborating with departments to align overall goals, initiatives, and recommendations.
  • Utilizing forward-looking models and activity-based analysis to provide financial insights into the organization’s plans and operational budgets.
  • Partnering with the Executive Director, CEO, President, and/or Board of Directors to develop short-term and long-term plans, projections, and budgets.
  • Negotiating and monitoring all client and vendor contracts.
  • Preparing and presenting monthly financial reports, including profit and loss statements, budget forecasts, and cash flow analyses.
  • Supervising the finance and accounting team.
  • Reviewing and ensuring adherence to internal controls, compliance, and financial procedures.
  • Guaranteeing the timeliness and accuracy of financial and management reporting data for the Executive Director, CEO, President, and Board of Directors.
  • Enhancing and implementing financial and accounting systems, processes, tools, and controls to facilitate clean audits with minimal adjustments.
  • Ensuring that all financial approval processes are established and adhered to, maintaining records in accordance with Generally Accepted Accounting Principles (GAAP).
  • Setting the organization up for success to achieve budgetary goals.
  • Managing cash flow planning processes and ensuring availability of funds.
  • Overseeing cash, investments, and asset management functions.
  • Complying with applicable federal, state, and local laws, rules, and regulations while maintaining knowledge of and following all Plymouth Place policies and procedures.
  • Maintaining regular and punctual attendance at work and meetings.
  • Participating in in-service and educational programs.

Qualifications:

• A bachelor’s degree in accounting or finance is required; an MBA and CPA are preferred.

• Extensive experience in finance (15+ years) in progressively responsible roles.

• A minimum of 3 years of experience as a CFO is required; experience in the Senior Living/CCRC sector is mandatory.

Required Knowledge, Skills, and Abilities:

• Strategic thinking and decision-making capabilities.

• Strong leadership and communication skills.

• Proficient presentation skills for engaging with staff, residents, families, board members, and at industry conferences.

• Knowledge of regulatory and compliance requirements.

• Ability to effectively manage and mentor the finance team, serving as a positive role model for other staff members.

• Capacity to foster collaboration across various disciplines.

• Expertise in financial modeling and forecasting.

• Familiarity with risk management principles.

• Proficiency with financial software, data analytics, and emerging technologies.

• Ability to analyze data, develop forecasts, and create actionable plans.

• Proficient in reading, writing, and speaking English to effectively perform job duties and communicate with residents, families, and employees.