Westmont Living, La Jolla, California, United States
Jeff Harris and Associates is proud to exclusively represent Westmont Living in their search for their Chief Financial Officer. Westmont Living is a leading provider of senior independent living, assisted living and memory care services in California and the Northwest. Their full-service retirement communities are the leaders in each of their markets. Westmont Living is focused on living its mission and values each and every day. Their company culture values each and every employee as an essential piece which makes up their whole. Westmont's mission is to provide inspiring life experiences that enable their residents and their families to lead full and enriching lives.
Westmont Living realizes that the dedication and professionalism of their team members is imperative to success and they constantly strive to create the best possible work environment for their team members. Westmont Living embraces a culture of open communication and mutual respect because they understand that keeping their team happy means keeping their residents and their families even happier.
The right candidate will not only demonstrate significant expertise in their field, but also an enthusiasm for progressive and compassionate caregiving. The Chief Financial Officer (CFO) is a senior executive position whose overall responsibility of the organization is to manage the financial well-being of Westmont Living, including strategic planning, benchmarking and competitive analysis, perspective acquisition and development analysis, financial planning and analysis, successful leadership of a large finance team, budgeting, accounting, and payroll.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Strategy, Planning and Management
Develop financial strategies by forecasting capital, identifying monetary resources and developing action plans
Monitor financial performance by measuring and analyzing results, initiating corrective actions that minimize impact of variances
Analyze and support organization growth potential by projecting acquisition and expansion prospects, analyzing organization operations, accumulating capital to fund expansion; establishes and maintains relationships with investment community, i.e. interfaces comfortably with investors, rating agencies, etc. as part of future-facing financial positioning strategy.
Assess and evaluate financial performance of organization regarding long-term operational goals, budgets, and forecasts. Provide insight and recommendations to both short-term and long-term growth plan of organization.
Identify, acquire, and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
Financial Analysis, Budgeting and Forecasting
Establish finance operational strategies by evaluating trends, establishing critical measurements, determining production, productivity, quality and customer service strategies, designing systems, accumulating resources, resolving problems, and implementing change.
Develop financial strategies by forecasting capital, facility requirements, identifying monetary resources, and developing action plans
Oversee operating budgets.
Accounting, General Ledger, Administration and Operations
Lead cross-organization finance team. Determines accountabilities, communicates organization mission, values, policies, and procedures. Select, orient, train, coach, motivate, and appraises team members. Serve as mentor to team members, preparing team for continued professional growth and future advancement within the organization
Supervise the accounting department to ensure the proper functioning of all systems, databases, and financial software.
Oversee the preparation and communication of financial statements.
Oversee the month-end close process.
Enhance and implement financial and accounting systems, processes, tools, and control systems.
Report financial status by developing forecasts, reporting results, analyzing variances, and developing improvements.
Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.
Represent company to banks, financial partners, institutions, investors, public auditors, and officials.
Remain current on audit best practices as well as state, federal and local laws regarding company operations
Develop finance organization strategies by contributing financial and accounting information, analysis, and recommendations that support organization strategic thinking and direction, establishing functional objectives in line with organizational objectives.
Knowledge and Experience
10-15 years of experience in Accounting and Finance leadership positions.
Real estate development, property management and/or construction experience required. We prefer candidates with portfolio management, capital raises, and investor management.
Team management experience of teams of 10+ team members with the ability to guide, train, and direct a team to achieve desired end results.
A Bachelor’s degree in accounting or a related field required with Master’s degree and CPA preferred.
Demonstrated excellence with accounting software required including Yardi experience.
Standard business software, including MS Windows, MS Office Suite and Google Apps.
Research methods and data analysis techniques.
Principles and practices of sound business communication.
Skills and Abilities to:
Strong leadership skills and the ability to coach and develop others.
Ability to develop and maintain positive working relationships with clients, team members and contractors.
Excellent problem resolution skills and decision-making ability.
Excellent oral, written, and interpersonal communication skills.
Ability to work well under pressure, manage multiple projects simultaneously and meet deadlines.
Ability to work independently, as well as with others in a deadline driven environment.
Strong presentation skills with the ability to create and present succinct, well-crafted presentations.
Apply sound, creative problem-solving techniques to resolve issues and problems.
Read and comprehend complex financial and legal documents.
Function calmly, exercise tact and diplomacy when dealing with sensitive, complex and confidential issues and situations.
Organize, set priorities and exercise sound judgment within areas of assigned responsibility.
Establish and maintain effective working relationships with all encountered during the course of work.
Provide prompt, efficient, and responsive customer service.
Consistently meet Westmont Living’s Service Standards of Safety, Friendliness, Setting, and Efficiency.
Work primarily takes place indoors in an office environment; work is performed in an environment with moderate noise; regularly travel within the western US; work hours and days will vary to meet operational needs.
Physical and Mental Demands
The physical and mental demands described here are representative of those that must be met to successfully perform the essential functions of this classification. Reasonable accommodations may be made to enable an individual with a qualified disability to perform the essential functions of a job, on a case-by-case basis.
While performing the duties of this class, the team member is occasionally required to stand and walk or crouch on narrow, slippery, and erratically moving surfaces; stoop, kneel, bend to pick up or move objects; walk for long distances and on sloped ground and uneven surfaces; use fine finger dexterity to operate keyboards and writing materials and talk and hear both in person and by phone. On occasion the team member may be required to assist in the lifting and transporting of objects weighing up to 50 lbs., move; normal manual dexterity and eye-hand coordination; corrected hearing and vision to normal range.
While performing the duties of this class, the team member is regularly required to use written and oral communication skills; read and interpret information; analyze and solve problems; observe and interpret people and situations; use intermediate math; learn and apply new information or skills; work under deadlines and interact with many people encountered in the course of work.
Jeff Harris and Associates (www.jeffharrisassociates.com) is a retained executive search firm dedicated to partnering with their clients to provide recruitment services of exceptional quality for the senior living and long term care industries.