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Lead Financial Reporting Specialist

2 months ago

Des Moines, Iowa, United States LCS Full time
Position Overview

The Lead Financial Reporting Specialist will collaborate with community accounting personnel and operational leadership to guarantee precise and timely financial reporting, evaluate community performance, assist in strategic business decision-making, and provide necessary training and support. This role will also entail financial oversight of designated communities.

Experience Matters:

At LCS, we value experience. We offer you the chance to leverage your skills in a forward-thinking, expanding organization that positively impacts the lives of the seniors we serve. If you are looking for a company that gives back, you will appreciate working here. Our core principles and commitment to hospitality shape our company culture. LCS employees engage in volunteer initiatives, participate in committees, and collaborate with colleagues in our innovative work environment. You will discover numerous opportunities for professional growth, community service, and enhancing the lives of seniors.

Key Responsibilities:
  • Assist operations in all accounting activities to support business decisions for assigned communities.
  • Oversee and engage in community financial reporting and internal controls to ensure accurate and timely reporting.
  • Provide accounting and system support to accounting personnel.
  • Review balance sheet reconciliations for thoroughness, reasonableness, and accuracy.
  • Prepare calculations for entrance fee amortization, future service obligations, and deferred cost amortization, as necessary.
  • Act as interim accounting director when required.
  • Examine monthly financial statements prepared by field or corporate accountants.
  • Monitor the A/R Aging report and collaborate with the community to formulate an action plan to reduce A/R balances to meet LCS benchmarks.
  • Participate in the recruitment and training of on-site accounting directors and staff, when applicable.
  • Conduct operational audits of on-site accounting functions to ensure proper internal controls and procedures are established; recommend improvements as necessary.
  • Provide feedback to community leadership regarding the performance of on-site accounting staff.
  • Assist community leadership in preparing presentations for the Board and Owners, as requested.
  • Support financing and refinancing activities.
  • Prepare analyses, comparisons, and forecasts.
  • Analyze financial outcomes and operational impacts.
  • Prepare comparisons of financial results across different periods and/or between communities.
  • Utilize benchmarking and comparisons to assess community performance.
  • Contribute actively as a member of the community finance team.
  • Support departmental teamwork by assisting colleagues with workload, training new staff, and contributing to team projects.
  • Assist with policy, procedure, and best practice documentation.
  • Train LCS and community employees on financial systems and various financial topics.
  • Assist in the design, development, and implementation of new or enhanced financial systems, including updates to instructions, model enhancements, and testing changes.
Qualifications:
  • Bachelor's degree in accounting or finance with a minimum of two years of relevant experience.
  • Familiarity with Life Plan and/or long-term care sectors is preferred.
  • Possess analytical and problem-solving skills necessary to address medium-difficulty accounting issues.
  • Working knowledge of accounting systems (Accounts Payable, Payroll, Billing, General Ledger).
  • Proficient in Microsoft Office applications (Excel, Word, etc.).
  • Strong understanding of customer service principles and the ability to apply them effectively.
  • Excellent oral and written communication skills, with attention to proper grammar and formatting.
  • Able to manage multiple responsibilities, prioritize tasks, and meet deadlines.
  • Strong time management and organizational skills, with a willingness to work additional hours as needed to meet organizational goals.
Knowledge and Skills:

Adaptable and capable of managing shifting priorities and interruptions.

Ability to engage with a diverse range of individuals, including field personnel, auditors, and all levels of LCS staff.

Why Choose LCS?

Industry Leader: The Nation's third-largest senior living operator, recognized for exceptional customer satisfaction among senior living communities.

Inclusive and Collaborative Culture: We are committed to diversity, equity, and inclusion, with an active Diversity and Inclusion Council focused on raising awareness and educating employees on inclusivity. LCS fosters a collaborative environment that ensures an exceptional experience for every employee.

Top Workplace USA: LCS has received the 2023 Top Workplaces USA award, recognized for our strong company culture and engaged workforce. Additionally, we have earned ten culture excellence awards in areas such as DE&I practices, top management, professional development, and effective leadership.

Competitive Compensation: We offer competitive pay, comprehensive benefits, and vacation time. LCS is an equal opportunity employer, providing benefits such as medical, dental, life insurance, disability, 401(k) with company match, and paid parental leave.

Community Engagement: We are recognized nationally for our contributions to the Alzheimer's Association and consistently rank as a top contributor to United Way. We also support our employees' individual community involvement and provide opportunities for engagement at our corporate locations and within our communities.

Advancement Opportunities: LCS is expanding, and we believe in your growth. Our company growth facilitates internal advancement opportunities across all business lines.

Ongoing Professional Development: We offer onsite education opportunities, educational assistance, and continuing education credits to help LCS employees stay current with industry changes.

LCS is dedicated to creating living experiences that enhance the lives of seniors. You will see this commitment reflected in our talented and dedicated professionals who genuinely care about residents, conducting their work with integrity, honesty, and transparency in accordance with LCS principles.