What are the responsibilities and job description for the Chief Financial Officer (CFO) position at The Loomis Communities?
Are you a seasoned financial leader looking to make a positive impact on the lives of seniors?
Join us at The Loomis Communities, where we are dedicated to providing exceptional care and vibrant living environments for our residents. As the Chief Financial Officer (CFO), you will play a pivotal role in ensuring the financial health and success of our organization while contributing to the well-being of our residents and staff.
SUMMARY
Directs and has responsibility for all the financial matters of the Loomis Communities (which includes all entities owned and managed by Loomis) including, but not limited to: payroll, budget preparation, accounts payable, accounts receivable, cash and investments, and maintaining accurate financial statements. In addition, develops financial forecasts, develops and maintains banking relationships, oversees computer systems within the organization, and participates with Chief Executive Officer in short- and long-range planning for the organization. Performs the following duties personally or through senior management and their subordinate supervisors:
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.
Other duties may be assigned.
- Prepares the annual budgets.
- Prepares monthly financial statements.
- Recommends auditors and maintains on-going relationships with auditors.
- Provides financial expertise to the Chief Executive Officer, senior management and their subordinate supervisors.
- Oversees all computer hardware and software needs of organization, including purchasing, implementation, system corrections, repairs, training, and monitoring of use.
- Determines appropriate cost centers for expenditures.
- Participates in the meetings of the Finance Committee and Investment Committee of the Board of Directors.
- Oversees management of insurance programs.
- Develops and oversees computerized payroll.
- Oversees accounts receivable.
- Maintains liaison with bank officials relative to trust funds, account balances, and lines of credit. Makes recommendations regarding the use of funds.
- Oversees the filing of annual tax returns and cost reports.
- Oversees the 403(b) plan and audit thereof.
- Maintains appropriate relationships with lenders/bondholders.
- Determines appropriate accounts for monies to ensure that cash flow needs are met.
- Oversees the monthly census reports to ensure that they balance with private pay, Medicare, and Medicaid billing for the nursing home.
- Performs other related duties, as assigned by Chief Executive Officer.
- Follows all safety rules and regulations.
- Complies with confidentiality requirements and residents’ rights.
- Complies with all CARF/CCAC guidelines and standards.
- Demonstrates an awareness of, a respect for and attention to the diversity of the people with whom they interact (persons served, personnel, families/caregivers, and other stakeholders) that is reflected in attitudes, behavior and services.
- Performs job functions in a manner consistent with the mission and goals of the Loomis Communities.
SUPERVISORY RESPONSIBILITIES
Manages employees in the departments outlined above. Responsible for the overall direction, coordination, and evaluation of employees. Carries out responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring and training employees, planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE