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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 prompt and precise financial reporting, evaluate community performance, assist in business decision-making, and provide necessary training and support while overseeing the financial management of assigned communities.

Importance of Experience:

At LCS, we value experience immensely. We offer you the chance to leverage your skills in a dynamic, expanding organization that positively impacts the lives of the seniors we serve. If you seek a company that contributes to the community, you will appreciate working here. Our core values and commitment to hospitality shape our organizational culture. LCS employees actively engage in volunteer efforts, 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 functions to support business decisions for assigned communities.
  • Oversee and engage in community financial reporting and internal controls to ensure timely and accurate reporting.
  • Provide accounting and system guidance 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, if applicable.
  • Act as interim accounting director when necessary.
  • Review monthly financial statements prepared by field or corporate staff accountants.
  • Monitor the A/R Aging report and collaborate with the community to develop 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 status of on-site accounting personnel.
  • Assist community leadership in preparing presentations for the Board and Owners, as requested.
  • Support financing/refinancing initiatives.
  • Prepare analyses, comparisons, and forecasts.
  • Analyze financial outcomes and operational impacts.
  • Prepare comparisons of financial results across periods and/or between communities.
  • Utilize benchmarking and comparisons to assess community performance.
  • Contribute actively as a member of the community finance team.
  • Function as a department team member by assisting colleagues with workload as time permits, training new team members, and contributing to team projects.
  • Assist with policy, procedure, and best practice documentation.
  • Train LCS and community employees on financial systems and related topics.
  • Assist in the design, development, and implementation of new or enhanced financial systems, including updates to instructions, enhancements to models, and testing changes.
Qualifications and Skills:
  • Bachelor's degree in accounting/finance with a minimum of two years of relevant experience.
  • Familiarity with Life Plan and/or long-term care sectors is preferred.
  • Must possess analytical and problem-solving skills essential for resolving medium-difficulty accounting issues.
  • Working knowledge of accounting systems (Accounts Payable, Payroll, Billing, General Ledger).
  • Proficient in Microsoft applications (Excel, Word, etc.).
  • Solid understanding of customer service principles and the ability to apply them effectively.
  • Strong verbal and written communication skills, adhering to proper grammar, content, and established standards.
  • Ability to manage multiple responsibilities, prioritize tasks, and meet deadlines.
  • Strong time management and organizational skills, with a willingness to work additional hours as necessary to meet organizational deadlines.
Knowledge and Abilities:

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 outstanding 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, LCS has earned ten culture excellence awards in areas such as DE&I practices, top managers, professional development, and engaged leadership, among others.

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 experiencing growth, and we believe in your growth as well. Our expansion creates internal growth opportunities across all business lines.

Ongoing Professional Development: We offer onsite education opportunities, educational assistance, and continuing education credits to ensure LCS employees remain knowledgeable about current industry developments.

LCS is dedicated to creating living experiences that enhance the lives of seniors. This commitment is reflected in our team of talented, dedicated professionals who genuinely care about residents, conducting their work with integrity, honesty, and transparency according to LCS principles. We strive to support every community's success by strengthening available resources, establishing proven practices that foster long-term growth, and creating lasting value for all associated with the community.

Travel Frequency: 0-10%

Job Level: B

Estimated Salary Range: $72,000 - $91,000

The actual salary offer will carefully consider a wide range of factors, including your skills, qualifications, experience, and other relevant factors.

A POST-OFFER BACKGROUND CHECK, INCLUDING REFERENCES, IS REQUIRED.

LCS IS AN EQUAL OPPORTUNITY EMPLOYER.