THE ORGANIZATION
Kendal on Hudson is a not-for-profit Life Plan Community in Sleepy Hollow, New York, about 25 miles north of New York City. Situated on a 25-acre campus with three types of senior living options and levels of service, residents enjoy a welcoming, inclusive, vibrant, and actively social retirement living environment built on a foundation of Quaker values and principles and complete with peace of mind.
They opened in May 2005 and remain the premier not-for-profit Life Plan Community in New York's Hudson Valley. Kendal on Hudson was developed by three groups focused on working with residents to ensure that older years are years of continued living and learning.

• The first group was the Study Group on Retirement Alternatives , a committee of members of Quaker meetings located in Westchester County, New York, and in Southwestern Connecticut. They represented the interests of local area residents and initiated and led the development process beginning in 1994.
• Second, the Phelps Memorial Hospital Center became part of the conversation when land was identified on the campus of the hospital. Kendal on Hudson shares a campus with Phelps and residents may access the many services the hospital provides.
• The third group, Kendal Corporation , with its Quaker heritage and emphasis on respect for the individual, excellence in service, social responsibility, and fiscal integrity, was a natural fit. Kendal on Hudson is an affiliate of The Kendal Corporation, which provides each affiliate autonomy to operate in the best interests of its residents and staff, while benefiting from the strength, direction, support and resources of the System as a whole.

As a Life Plan Community with a Lifecare contract for those 62 and better, Kendal on Hudson offers Independent Living, an Assisted Living neighborhood, Skilled Nursing care, Rehabilitation and Memory Support, depending on each individual's unique needs. Not only does this bring everyone peace of mind knowing their health needs will be met for the rest of their lives, but spouses, too-as couples with different care needs have the convenience of living in the same senior living community.
Mission, Values, and Vision
Kendal on Hudson's mission is to foster the independence and well-being of older adults by providing programs and services that encourage purposeful living, community engagement and wellness.
In carrying out the mission, Kendal on Hudson's primary objective is to establish and maintain integrity and excellence in all aspects of its work:

• To enhance the quality of life and vitality of those they serve and to foster a sense of community, treating each person as a valued individual and in an atmosphere of mutual respect and caring.
• To promote an environment of continuing learning, encouraging lifelong growth for staff, residents, board members, and volunteers.
• To encourage and welcome all people without regard to race, color, gender, sexual orientation, religion, national origin, or any other characteristic protected by law, to live in its communities and serve on its committees and boards.
• To provide physical settings that are sensitive to the aging process and that enhance quality of life, security, and wellness.
• To engage in practices that sustain and improve the environment and our planet.
• To employ financial designs that contribute to security and serve its social objectives to make its services and communities affordable, to the extent possible, to a range of economic capabilities.
• To foster a high-quality work experience for staff recognizing that Kendal must be a good place to work if it is to offer good places to live and to provide high quality services.
• To strive for excellence in management and governance seeking and developing Board and staff dedicated to its mission and values, and building partnerships with those it serves.
• To value participation, transparency and consensus building by nurturing careful listening and effective decision making.
• To take responsibility in the larger community by maintaining extensive and mutually supportive relationships and sharing its resources and experience.
• To continue to grow by engaging in ongoing evaluation and staff development, and by seeking and responding to new opportunities to further its mission.
• To take an active role in aging issues through professional dialogue, research, public policy, and other means, thereby contributing to improved services for all older people.
• To foster a culture of generosity, encouraging and developing full use of its time, talent and resources.
• To maintain integrity and high ethical standards in everything it says and does.

The deep roots that sustain Kendal on Hudson are found in Kendal's Values and Practices. They ensure that all Kendal organizations continue to share the spirit of community and collaboration, and the respect for each individual that flow from the principles of the Religious Society of Friends (Quakers). Please review Kendal's Values and Practices here.
THE OPPORTUNITY
Position: Chief Financial Officer
Location: Sleepy Hollow, NY
Reporting Relationship: Jean Eccleston, Chief Executive Officer,
Website: https://kohud.kendal.org/
Purpose of the Position
Reporting to the CEO and working closely with the senior-level leadership team, the CFO plays a critical role in developing and implementing the strategies for Kendal on Hudson. The CFO will focus on sustaining the financial strength of the organization, and will act as an advisor to the Operations Team, evaluating and assisting them with their financial plans and economic models. The CFO will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization(s), information technology, and project management. The CFO will be responsible for reporting the financial results of the organizations to the management team as well as the Board of Directors and will also interact with the finance and audit committee of the Board of Directors. The CFO will be the liaison with the Resident Budget Advisory Committee, rating agencies, investors and regulatory agencies.
Key Responsibilities
The CFO will be responsible for the following key responsibilities:

• Analyzing and monitoring the financial position of the organization by:
  • Serving as a business partner to the CEO and Operations Team to assess the organizational performance against budget, prior periods, and strategies.
  • Reporting to the CEO, Finance and Audit Committee and Board of Directors and the Resident Budget Advisory Committee on a regular and timely basis.
  • Developing and executing a system of controls to ensure that assets and funds are properly monitored and protected, in accordance with applicable provisions of law and regulation and generally accepted accounting practices.
• Developing the operating and capital budgets by:
  • Oversees all activities of the Finance area including budgeting, planning, business intelligence, data analytics, reporting, payroll, employee benefits, accounts payable, accounts receivable, cash, fund accounting, purchasing, investments, bonds, contracts, corporate insurance, fixed assets, internal controls, corporate policies, and all other areas involving finance.
  • Proposes annual and long-term operating and capital budgets, budget projections, and related analyses. Submits the budget to the NYS Department of Financial Services for approval.
  • Organizing and sharing financial data with department managers, the Resident Budget Advisory Committee, the Finance and Audit Committee, the Board and The Kendal Corporation in a timely and accurate fashion.
  • Ensuring that department managers understand the financial resources available and the appropriate procedures and processes that will allow them to follow the agreed-upon budget.
• Providing guidance related to the strategic plan by:
  • Working in conjunction with the CEO and the Strategic Planning Committee to identify and establish the vision for the future, and to define and align the appropriate goals, objectives, and activities.
  • Maintaining knowledge of current industry trends and identifying opportunities for implementation at the Community.
  • Communicating and participating actively within the larger Kendal system.
  • Assessing the financial needs and identifies steps to be taken to meet short-term and long-term goals and strategic objectives and coaches and develops the staff of the Community.
• Providing guidance related to operational efficiencies by:
  • Overseeing the Information Technology Department. Responsible for developing, updating, and implementing the IT Strategic Plan.
  • Identifying areas of revenue growth, cost-savings, and operation efficiency through current operations of the Community.
  • Assisting departments with project plans to implement revenue growth, cost-savings and/or operational efficiencies.
• Communicating financial information to residents in a timely and accurate fashion by:
  • Organizing and developing budget and disclosure presentations in a manner that is clear, precise and easily understood.
  • Explaining financial policies, projections, systems and new conditions to residents through group meetings or individually, as required.
  • Maintaining an on-going and constructive dialogue with residents on financial matters.
  • Working effectively with residents on an individual basis as necessary as well as with Resident leaders, the Resident Budget Advisory Committee and the entire resident community.
  • Keeping the resident community well-informed on an on-going basis.
  • Assisting residents and staff by performing other duties and responsibilities as assigned.
• Preparing required documentation and reports to external financial parties by:
  • Submitting financial data required by the bond documents and loan agreements, Internal Revenue Service, state agencies, actuarial studies, external auditors, Medicare and Medicaid and other authorities in an appropriate and timely manner.
  • Participating in discussions and negotiations with creditors and bondholders, as needed.
  • Responsible for the books and records of the Kendal on Hudson Charitable Fund and Kendal on Hudson Residents Association, providing reports of its financial condition and other relevant data to the appropriate stakeholders in a timely manner.
• Manages the financial assets of the organization by:
  • Evaluating operating systems.
  • Maximizing investment income.
  • Ensuring that managers meet the requirement to seek competitive pricing.
  • Evaluating and monitoring property/liability insurance coverages needed for the organization.
  • Responsible for overall risk management for the organization.
• Maintains high standards for recording and monitoring financial records in accordance with generally accepted accounting standards by:
  • Ensuring the preparation of work papers and financial statements for external auditors, regulatory agencies, and creditors and bondholders, that are clean and without adjustments.
  • Developing and executing a system of controls to ensure that assets and funds are properly monitored and protected, in accordance with applicable provisions of law and regulation and generally accepted accounting practices.
  • Preparing government reports and ensuring timely filings as required.
  • Developing, implements, and administers fiscal policy and internal control procedures for ensuring proper controls are established and maintained as to its assets and funds.
• Monitors financial trends of the organization by:
  • Developing and communicating appropriate and relevant financial and statistical indices or benchmark guidelines that assist staff and management with operating the community.
• Maintains a long-term financial vision of the organization by:
  • Gathering, organizing, and developing financial information that is shared with Board, management and/or residents for the purpose of planning and implementing longer range visions of the community.
• Participates in national and/or local associations' functions as a representative of Kendal on Hudson by:
  • Being actively involved in memberships such as Leading Age and Leading Age New York.
• Complies with corporate compliance by:
  • Adhering to Kendal on Hudson's policies and procedures on privacy and security in compliance with HIPAA regulations.
  • Serving as the HIPAA Security Officer.
  • Successfully completing compliance training.
  • Adhering to all policies in Kendal on Hudson's regulatory compliance program including, without limitation, the Values and Practices Statement.
• Encourages success and development of staff members by:
  • Develops, coaches, directs, and motivates the executives charged with running the day-to-day operations of Finance and Accounting.
  • Developing and maintaining productive, cooperative relationships and communication with the residents of Kendal on Hudson, its Board of Directors (Board), its management team and staff and, as appropriate, with other stakeholders.

THE CANDIDATE
Experience and Professional Qualifications
Kendal on Hudson (KoH) seeks a strategic, innovative Chief Financial Officer to oversee the financial operations of KoH and its subsidiaries in a way that reflects its mission, goals, and strategic objectives in accordance with Kendal Values. The CFO is a senior-level officer of the Community, reporting directly to the Chief Executive Officer. The CFO provides sound financial leadership, works to fulfil the mission and strategic plan of KoH, and identifies areas for operational innovation and efficiency.
The ideal candidate will be a mission-driven, skilled executive responsible for the Community's risk management, financial management, information technology and accounting systems to assure that pertinent information is available for presentation to stakeholders, including management, staff, residents, auditors and lenders, and the Board of Directors.
Experience and professional qualifications required for the role:

• A minimum of 10 years of experience leading finance and accounting functions. CCRC sector experience preferred.
• A minimum of 5 years of experience with a similar level of responsibility.
• Leadership experience within a similarly complex association or non-profit organization. Candidates from both the private and nonprofit sectors will be considered.
• Possess a thorough knowledge and understanding of not-for-profit CCRC financial accounting functions and methods.
• Possesses a broad business perspective; able to effectively partner with the CEO and other members of senior management to drive initiatives and support achievement of the organization's mission.
• Experience overseeing non-finance functions in the past is advantageous.
• Experience in supervising/overseeing IT/technical staff.
• Experience leading large- scale system implementations/transformations.
• Knowledge of Medicare and Medicaid regulations and debt covenants of the organization.
• Possess superior written and verbal communication skills, including the ability to make complex matters clear and easy to understand; and strong analytical, critical thinking, interpersonal and customer service skills.
• Fluent in all financial domains including US GAAP, budgeting, forecasting, reporting, internal controls, treasury, strategy, and risk management. Must possess a strong understanding of the balance sheet and financial performance to develop and maintain trust with senior management, key internal and external stakeholders, the Board, and across all key business areas.
• Proven experience in budgeting, strategic forecasting, and planning, and in overseeing financial, accounting, compliance, and risk management of a complex organization.
• Strong analytical skills with the ability to identify issues and extract meaningful insights, used to better understand and improve business performance. A solid grasp of data analysis and performance metrics.
• Strategic thinker with demonstrated consensus-building skills, and an ability to convey confidence within the organization and with external constituencies. Demonstrated ability to think proactively and creatively and improves performance by identifying key strategic opportunities.
• Demonstrated understanding of organizational operations and management structure.
• A reputation for integrity and building trust among key stakeholders including previous interaction with boards.
• Skilled in maintaining good relations with all contacts through tact and diplomacy.
• Demonstrated people management and leadership skills with a track record of mentoring, coaching and teaching. Ability to provide constructive and positive feedback, while motivating and holding the team accountable for team performance.

Education
Bachelor's degree required, Master's degree, CCRC experience and/or CPA preferred.
Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.