Chief Financial Officer

Annapolis, Maryland
Jun 19, 2024
Jun 21, 2024
Work Mode
Work from office
Full Time
Employment Type
Organization Type
This Jobot Job is hosted by: Hanani Carlisle
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Salary: $160,000 - $175,000 per year

A bit about us:

a close-knit community assisted living facility. We offer superior care to our residents due to our excellent resident-to-caregiver ratios.

Why join us?

401(k) matching
Dental insurance
Employee assistance program
Health insurance
Life insurance
Paid time off
Tuition reimbursement
Vision insurance

Job Details

The Opportunity: an excellent opportunity for an experienced Chief Financial Officer. The Chief Financial Officer (CFO) position is accountable for the administrative, financial, and risk management operations to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Essential Functions:


Assist in formulating the company's future direction and supporting tactical initiatives
Develop financial and tax strategies.
Manage Corporate Expense and Capital Budget Development and assist Directors in the development of their yearly departmental budget.
Develop performance measures that support the company's strategic direction.

Performs all operation Accounting functions such as: billing and collections, GL entries, process payroll according to company set schedule, account reconciliations, and bank account reconciliations.
Conducts Payroll Based Journaling (PBJ).
Facilitates audit reporting and processes.
Participate in key decisions as a member of the executive management team.
Maintain in-depth relations with all members of the management team.
Provide consultative support to Department Directors and Managers by providing financial support of organization and department planning initiatives.
Manage the accounting/ finance department.
Prepare IRS 1099 forms.
Recruit, train, supervise, and evaluate department staff.
Collaborates with the Director of Business Development to ensure the efficiency and accuracy of the settlement process for new residents.
Manage any third parties to which functions have been outsourced.
Oversee the company's transaction processing systems.
Implement operational best practices.
Financial Information

Ensure financial recording and reporting system is maintained in accordance with generally accepted accounting principles.
Oversee the timely issuance of financial information, and report financial results to the Board of Directors.
Timely develop and file all government financial filings (Cost Reports, DOA Submissions, Tax Returns, etc.)
Risk Management

Understand and mitigate key elements of the company's risk profile.
Construct and monitor reliable control systems.
Maintain appropriate insurance coverage.
Ensure that the company complies with all legal and regulatory requirements relating to finances.
Ensure that record keeping meets the requirements of auditors and government agencies.
Report risk issues to the audit committee of the Board of Directors.
Maintain relations with external auditors and investigate their findings and recommendations.

Monitor cash balances and cash forecasts.
In collaboration with the Executive Director arrange for debt and equity financing.
Invest corporate funds as appropriate using Board approved policy.
Other Duties

31. Operate as the member of a team, both within the department and across departments

32. Familiarity with emergency procedures and be requirement to assist with evacuation

Attends in-service training and education sessions, as assigned; complete Relias training on time every month.
34. Participates in the Manager on Duty Rotation

Other duties as assigned

Bachelor's degree in accounting required; master's degree in business, finance or accounting preferred.

1. Five or more years of experience in finance or accounting position in the senior living industry is preferred.

Experience in strategic planning and execution.
Knowledge of contracting, negotiating, and change management.
Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
Knowledge of automated financial and accounting reporting systems.
Knowledge of federal and state financial and insurance regulations, including Medicare.
Ability to analyze financial data and prepare financial reports, statements, and projections.
Work requires professional written and verbal communication and people skills.
Ability to motivate the accounting/ finance team to produce quality materials within tight timeframes and simultaneously manage multiple projects.

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