Chief Financial Officer

Williamsburg Landing - Williamsburg, VA

Full-time - Senior

Williamsburg, VA

Nursing and Residential Care Facilities

About the position

Williamsburg Landing, a not-for-profit, single-site, CARF-accredited Life Plan Community located in Williamsburg, Virginia, is seeking a Chief Financial Officer (CFO) to lead the fiscal operations of the organization in alignment with industry standards and the mission of the community. The CFO will report directly to the President/Chief Executive Officer (President/CEO) and will be an integral member of the Senior Leadership Team. This role encompasses a wide range of responsibilities, including directing all accounting functions, ensuring accurate and timely financial reporting, overseeing payroll services, and managing the development and oversight of both annual and capital budgets. Additionally, the CFO will be responsible for procuring and maintaining insurance programs and ensuring corporate compliance with relevant regulations. The position also includes oversight of Williamsburg Landing's Information Technology function. The CFO will assist the President/CEO in identifying, developing, and implementing new financial programs and initiatives aimed at strengthening and expanding the capabilities of Williamsburg Landing. Staying informed about financial issues and trends within the Continuing Care Retirement Community (CCRC) industry is crucial, as the CFO will be expected to make recommendations to the President and the Board of Directors based on this analysis. Participation in the development and implementation of Williamsburg Landing's strategic plan is also a key responsibility, ensuring that it reflects input from both staff and residents. In this role, the CFO will provide insights to the President/CEO and the Board regarding strategic alliances and contracts that align with Williamsburg Landing's mission and financial objectives. The CFO will also develop and enhance fiscal and internal control policies, ensuring they are submitted for approval to the President/CEO and the Board. Close collaboration with insurance agents is necessary to ensure that coverage and policy limits adequately protect the organization’s financial needs. The CFO will review vendor contracts, recommend changes related to financial matters, and lead financial strategic planning efforts, focusing on revenue enhancement, cost containment, and productivity optimization. The preparation of the Annual Operating and Capital Budgets will fall under the CFO's purview, along with presenting these budgets to the Finance Committee and the Board of Directors. Monitoring budgetary compliance and managing existing debt requirements will also be essential functions. The CFO will serve as the primary liaison with the contracted actuary firm, requiring knowledge of actuarial accounting principles and related computerized systems. Furthermore, the CFO will oversee the financial management aspects of the organization, including cash flow planning, investment management, and auditing processes. This position also involves providing ongoing training to management and staff to ensure a comprehensive understanding of the organization’s financial operations. The CFO will supervise the Finance & Accounting Office, including payroll functions and the Information Technology staff, and will be responsible for any additional duties assigned by the President/CEO or the Board of Directors.

Responsibilities

• Direct all accounting functions including accurate and timely reporting and payroll services.
• Develop and oversee the annual and capital budgets.
• Procure and maintain insurance programs and ensure corporate compliance.
• Assist the President/CEO in identifying, developing, and implementing new financial programs and initiatives.
• Analyze financial issues and trends in the CCRC industry and make recommendations to the President and Board of Directors.
• Participate in the development and implementation of Williamsburg Landing's strategic plan.
• Provide input regarding strategic alliances and contracts to achieve financial objectives.
• Develop and enhance fiscal and internal control policies for approval by the President/CEO and Board of Directors.
• Work closely with insurance agents to ensure adequate coverage and policy limits.
• Review vendor contracts and recommend changes related to financial matters and risk management.
• Lead financial strategic planning and establish organizational financial goals and objectives.
• Oversee the preparation of the Annual Operating and Capital Budgets and present them to the Finance Committee and Board of Directors.
• Monitor budgetary compliance throughout the year and manage existing debt requirements.
• Serve as primary liaison with contracted actuary firm for actuarial projections.
• Oversee financial and fiscal management aspects including cash flow planning and investment management.
• Provide ongoing training to management and staff regarding financial operations.
• Supervise the Finance & Accounting Office and Information Technology staff.

Requirements

• Bachelor's degree in Accounting and CPA licensure required.
• Minimum of eight (8) years' experience in financial accounting.
• Five plus (5+) years' of financial management experience required.
• Experience in non-profit finance management preferred.

Nice-to-haves

• Experience in strategic financial planning in a non-profit environment.
• Knowledge of actuarial accounting principles.