Chief Finance Officer
Chief Finance Officer
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Salary Not Disclosed
1 Vacancy
Job Description
Why Kendal
Kendal at Lexington is a not-for-profit Life Plan Community nestled in the Shenandoah Valley of Virginia. As an affiliate of The Kendal Corporation Kendal at Lexington shares in the mission of fostering a community based on Quaker values of respect inclusion and service while maintaining operational excellence and long-term financial sustainability. Our community offers independent living assisted living and skilled nursing services with a focus on supporting older adults in leading engaged and meaningful lives.
Position Summary:
The Chief Financial Officer (CFO) provides executive leadership for all financial operations of Kendal at Lexington. Reporting directly to the Chief Executive Officer (CEO) the CFO serves as a strategic partner to the leadership team and the Board of Directors ensuring the organizations financial integrity sustainability and compliance with all applicable regulations.
The CFO oversees accounting budgeting forecasting capital structure investments payroll and financial reporting functions while also providing guidance to department leaders and fostering a culture of transparency accountability and collaboration.
Key Responsibilities:
Leadership & Strategy
- Serve as a key advisor to the CEO leadership team and Board of Directors providing financial insight to support decision-making and long-term sustainability
- Embrace and foster Kendal at Lexingtons mission and values while supporting the financial health of the organization
- Participate actively in Board Strategic Planning Committee and Finance Committee meetings presenting clear and accurate financial information
- Maintain a close working relationship with the Chair of the Finance Committee to determine agenda items review policies and address emerging financial matters
- Participate in and represent Kendal at Lexington in Kendal CFO peer group meetings investor calls and with external partners
- Lead mentor and develop finance department staff to ensure high performance and professional growth
- Directly oversee the finance team including Controller Payroll Coordinator and Accounting Assistant
Financial Operations
- Direct all accounting billing accounts payable payroll and reporting treasury activities
- Prepare and distribute accurate monthly quarterly and annual financial statements including analyses and variance reports
- Manage the annual budget process lead the preparation of the capital and annual budgets and develop long-range financial forecasts and projections
- Head internal controls and maintain compliance with GAAP bond covenants and regulatory requirements
- Manage banking relationships cash flow and investments in line with organizational policies
- Coordinate annual financial audits and act as liaison with auditors and rating agencies
- Ensure timely preparation and filing of IRS Form 990 filing Medicare and Medicaid cost reports
Compliance & Risk Management
- Ensure compliance with Medicare Medicaid tax filings and regulatory requirements
- Oversee insurance program vendor/employee compliance screenings and financial screening of potential residents
- Maintain accurate corporate records and ensure required filings with state and federal agencies
- Monitor and implement best practices for financial risk mitigation
Communication & Collaboration
- Support department leaders with budget and financial analysis to align operations with strategic goals
- Communicate financial performance and projections to residents and other constituents as appropriate including annual financial presentations
- Cultivate relationships with external partners including banks investors auditors insurers investment advisors and regulatory bodies
- Serve as primary point of contact for Chief Investment Officer
Qualifications:
- Bachelors degree in Accounting Finance or related field required
- CPA MBA or other advanced credentials strongly preferred
- Minimum of 5 years of progressive financial leadership experience within healthcare nonprofit or senior living sectors preferred
- Proficiency in financial management systems (e.g. Sage/Intacct) and Microsoft Office Suite required
- Demonstrated success in strategic financial management budgeting and audit processes
- Familiarity with healthcare reimbursement tax-exempt bond financing and investment oversight preferred
Working Conditions
- Full-time exempt on-site leadership position at Kendal at Lexington based in Lexington Virginia
- Primarily office-based with regular participation in resident board and committee meetings
- Occasional travel for Kendal gatherings professional conferences or regulatory meetings
Compensation & Benefits:
- Attractive salary commensurate with experience.
- Health Dental Vision and Supplemental Insurance Plans
- 403(b) Retirement Plan with Employer Matching & Contributions
- Paid Time Off Paid Holidays & Floating Holidays
- Discounted Employee Meals
- Referral Bonus
- Continuing Education & Professional Development Reimbursement
- Use of Onsite Wellness Facilities Including Fitness Center & Indoor Pool
Required Experience:
Chief
Employment Type
Full-Time
