Reporting to the Chief Executive Officer, the Chief Financial Officer (CFO) has full responsible for the financial strategy and fiscal performance of all NLCS entities including existing and new business development.
Collaborates with the Finance Director/Controller to establish connection and understanding to assure coordination with the existing financial status of NLCS and how those performance levels interact with the projected future performance of the organization
Responsible for the supervision of the Finance Director/Controller
Reviews NLCS’s financial statements and provides communication, analysis and suggested improvements to the various constituencies within the organization, including management, residents, Boards and Committees.
Benchmark the financial performance of all NLCS operations with external resources in order to assure long-term “best practices” and performance standards.
Prepares and maintains on-going projected cash flow, operational, liquidity and project development projections for organization. Modifies projections to reflect current activities and changes in the market and regulatory environments. Provides liquidity and collateral management, working directly with NLCS’s investment broker on portfolio management.
Maintains long-term capital plan to project on-going Capital Expenditure needs in addition to project specific capital needs and includes both existing and new business development lines. Evaluates annual budgets as developed for compliance with current financial debt covenants and to assure adequacy for achieving future fiscal goals.
Recommends changes in capital structure to the organizational decision making bodies as necessary.
Analyzes profitability of all organizational product lines, existing and future developments including level of care and profitability at all of the retirement communities. CFO will suggest changes to pricing and expenses as necessary to enhance and maximize profitability and flexibility
Responsible for managing, arranging for and coordinating any necessary new or existing bond issues or other means to access capital with the organizations Investment Banking partnerships.
Is responsible for staffing the Joint Finance Committee meetings and attends other meetings of NLCS’s Board of Trustees/Directors or other constituencies as required; present strategic fiscal status and respond to inquiries.
Works with management, Finance Committee and Boards to develop long-term strategic business plans in accordance with the Strategic Plan
Is the liaison between the Investment Banking and Investing relationships of the organization and in working with the Director of Finance, calculate and assure compliance with all bond related covenants and requirements.
May act on behalf of the Chief Executive Officer in his/her absence and upon request.
Bachelor’s degree in Accounting, Business or related field is required. An MBA is preferred
At least 7 years of leadership, supervision and management experience in accounting is required, preferably in a long term care or health care environment
Should possess strong financial and managerial reporting experience with FASB, GAAP and other internal standards. Solid understanding of Medicare, Medicaid and third party reimbursements; information systems applications for accounting and financial report required
Significant knowledge in preparing monthly/annual Financial Statements, participating in external audits, State/Federal tax reporting, General Ledger and capital/operating budgets
Must possess strong written and oral communication skills with high-level attention to detail
Ability to perform in a high pressure environment, meeting frequent deadlines and under extended hours
Must have the ability to provide outstanding staff coaching and to effectively manage change
Demonstrated experience in managing a diverse team of employees, managers and supervisors
Based in Rockville, Md., National Lutheran Communities & Services (NLCS) is a not-for-profit, faith-based ministry of the Evangelical Lutheran Church in America’s (ELCA) Delaware-Maryland, Metropolitan Washington, D.C. and Virginia Synods serving people of all beliefs. NLCS provides seniors with a variety of lifestyle, residential and health care options through retirement communities in Maryland ...and Virginia.
Other communities sponsored by NLCS include its flagship community The Village at Rockville in Rockville, Md., which offers independent living, rehabilitation, respite, extended nursing care, hospice and is currently undergoing a planned renovation to introduce assisted living, memory support and new common spaces; The Village at Crystal Spring in Annapolis, Md., a new continuing care retirement community – subject to Maryland Department of Aging approval – which will serve as the centerpiece of a multi-generational residential and mixed-use project; The Village at Orchard Ridge in Winchester, Va., a new continuing care retirement community currently under construction opening in early 2013 with 178 maintenance-free independent living cottage homes and apartments with home-based services, memory care/assisted living and nursing care options. For more information about any of our communities, visit www.nationallutheran.org