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 organization. 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 compliance with related corporate 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 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 strategic input regarding alliances and contracts that will help Williamsburg Landing achieve its financial and business objectives. The position requires close collaboration with vendors and strategic business partners to ensure compliance with regulatory and financial operating requirements. The CFO will also be responsible for developing and enhancing fiscal and internal control policies, reviewing vendor contracts, and providing leadership in financial strategic planning, with a focus on revenue enhancement and cost containment. The CFO will oversee the preparation of the Annual Operating and Capital Budgets, present them to the Finance Committee and the Board of Directors, and ensure compliance with budgetary requirements throughout the year. Monitoring existing debt requirements and working with banks or investment bankers to raise additional capital as needed is also part of the role. The CFO will serve as the primary liaison with the contracted actuary firm, overseeing financial and fiscal management aspects of the organization, including cash flow planning, investment management, and auditing. Additionally, the CFO will provide ongoing training to management and staff to ensure a comprehensive understanding of the organization’s financial operations.

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 compliance with corporate regulations.
• Assist the President/CEO in identifying 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.
• Ensure vendor and strategic business partner operations comply with regulatory and financial requirements.
• Develop and enhance fiscal and internal control policies for financial effectiveness.
• 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 and adhere to existing debt requirements and work with banks to raise additional capital.
• Serve as primary liaison with contracted actuary firm for actuarial projections.
• Oversee financial management aspects including cash flow planning, investment management, and auditing.
• 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 including five plus (5+) years' of financial management experience required.
• Experience in non-profit finance management preferred.
• Demonstrated competency in financial management and leadership in an interdisciplinary environment.
• Effective written and verbal communication skills.

Nice-to-haves

• Experience in non-profit finance management.