Chief Financial Officer (CFO) for Cedar Community

Company: ACG Cares
Location: West Bend
Posted on: September 19, 2024

Job Description:

ORGANIZATION OVERVIEW Cedar Community is a nonprofit Wisconsin senior living community where our residents enjoy, explore, and embrace their best lives. The natural settings, faith-based mission, and high-quality services afford seniors the opportunity to live a more purposeful, fulfilled life among family and friends. Cedar Community has senior living facilities for those 55 and better. West Bend has been home to Cedar Community for 70 years. Cedar Community is located on five campuses on over 550 total acres, with more than 900 residents, nearly 400 team members, and 300+ volunteers. Over the years, the diligence and dedication of many people have made Cedar Community one of the preferred faith-based senior living communities in Wisconsin. Cedar Community's ministry program offers opportunities to worship in large and small gatherings, work with others in fellowship and prayer, explore spirituality and diversity, and enjoy the blessings of all faith traditions. Cedar Community works in partnership with all faiths and area congregations for the residents. Together, Cedar Community's team members, residents, and volunteers live out the mission to model Jesus' love by creating life-enhancing relationships, services, and environments each and every day. To learn more, please visit . POSITION OVERVIEW Reporting to and partnering with the CEO, the Chief Financial Officer (CFO) will play a critical role in developing and implementing the financial strategy for Cedar Community. As a member of the Executive Council, the CFO will be an advisor to the divisional leaders, evaluating and assisting them with their financial plans and economic modeling. The CFO will be responsible for developing the organization's overall financial policies while overseeing all fiscal and fiduciary responsibilities for the organization in conjunction with the Board of Directors and the finance and investment committees of the Board. QUALIFICATIONS

• Oversee all financial operations of the organization, ensuring compliance with regulatory standards and best practices per Generally Accepted Accounting Principles, and Office of Management and Budget audit requirements.
• Provide strategic financial guidance to the Board of Directors and executive leadership team, including budget preparation under the direction of the CEO.
• Lead the development and implementation of financial strategies to support organizational mission and goals.
• Manage and mentor a team of financial professionals, fostering a culture of excellence and collaboration.
• Collaborate with other department leaders to develop and execute strategic plans for sustainable growth.
• Utilize strong analytical skills to identify opportunities for revenue enhancement and cost containment.
• Develop detailed financial models for new initiatives and reimbursement methodologies.
• Ensure effective communication of financial policies, procedures, and reports to internal and external stakeholders.
• Responsible for development, interpretation, coordination, and administration of the organization's policies and procedures regarding finance, accounting, tax, reimbursement, insurance, materials management, purchasing, auditing, and internal controls.
• Keeps abreast of governmental regulations and actions affecting reimbursement to Cedar Community divisions and communicates information appropriate to staff to assure effective collections and compliance with regulations. Advises management of changes and adjusts policies and procedures to maintain compliance.
• Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
• Communicates and maintains positive working relationships with external parties providing financial services, including banks, lenders, investment advisors, insurance companies, investment bankers, and associated governmental agencies.
• Monitors bond covenants to assure that requirements are met including quarterly and annual reporting. Arranges for surety bonds or other financial instruments as required by law, lender agreements, or facility policy.
• Monitors debt structures to assure effectiveness in reaching organizational goals. Takes leadership under the direction of the CEO and Board of Directors in negotiating changes in debt structure. ESSENTIAL RESPONSIBILITIES
  • This position requires 15+ years of experience with 10+ in a leadership role in financial management, likely gained within a healthcare provider organization / health system (i.e., acute care, post-acute care, long term care, LTAC, home health).
  • Bachelor's degree in accounting and CPA required; master's degree in accounting, MBA, strongly preferred.
  • Proven track record of successfully leading financial teams and driving positive outcomes.
  • Experience working with a Board of Directors and providing financial oversight.
  • Strong business acumen with excellent analytical and critical thinking skills.
  • Outstanding written and verbal communication skills, with the ability to articulate complex financial concepts to diverse audiences.
  • Demonstrated ability to develop and implement strategic plans within a complex organizational structure.
  • Proficiency in technology solutions and financial software applications.
  • A collaborative and flexible style with a strong service mentality. This is a full-time position and requires full-time attendance. Must be willing to work flexible hours including holidays, weekends and serve on rotation for Executive Council On-Call. COMMITMENTS FROM CEDAR COMMUNITY Our team members are the champions and heart of our community-making a difference in the lives of our residents every day! Building positive relationships is what we're all about. We are a family of team members, residents, resident families, and volunteers. Cedar Community is committed to our team members. We offer more than a paycheck-we offer opportunities for growth and development. Cedar Community is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sex, marital status, national origin, genetic information, sexual orientation, disabilities, or veteran status. Joining the Cedar Community team comes with many benefits, including working alongside a group of outstanding professionals, health insurance, dental insurance, visual insurance, life insurance, short-term disability, long-term disability, flexible spending account, 401(k), Roth IRA, tuition reimbursement, scholarship program, certified nursing assistant training, paid time off, and holiday pay. Cedar Community also offers a range of perks including an Employee Assistance Program, pet insurance, compassionate care funds, access to extensive employee discounts, a rewards program with redeemable points, the Calm app for wellness, referral bonuses, a natural environment with walking trails and lake access, and discounts on self-care services. The annual salary range for this executive position begins at $150,000. References will not be contacted until a candidate has been notified. Background checks will subsequently be performed. All inquiries and interactions with potential candidates are kept in strict confidence. INSTRUCTIONS FOR APPLICANTS For full consideration, please email all items below, combined into one document, to Cedar@leadingtransitions.com no later than 5:00 p.m. CT on September 18, 2024.
  • A letter describing your qualifications for this Chief Financial Officer position, including your specific interest in Cedar Community's mission and a description of your salary parameters; addressed to: Mindy Lubar Price, Leading Transitions LLC.
  • A detailed and updated resume; and
  • The names of, including your relationship to, and contact information for, three professional references. Leading Transitions is committed to the vitality and growth of mission-based, nonprofit, philanthropic, and community-centered efforts and organizations, and their leaders. The firm's inclusive practices provide the flexibility and creativity necessary to adapt to the intricacies and dynamics of any community. We believe that periods of change are transformational and bring new diverse opportunities.
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Keywords: ACG Cares, Wauwatosa , Chief Financial Officer (CFO) for Cedar Community, Executive , West Bend, Wisconsin