Chief Financial Officer (CFO) for Cedar Community

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 have 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 has 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 https://www.cedarcommunity.org/ .

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

Assess the organizational performance against both the annual budget and the long-term strategy to develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.

• 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.