Why Work Here:
Michigan Masonic Home is looking for a talented and hard-working Chief Financial Officer (CFO) that is eager to serve others. Our team members go above and beyond to serve the residents they care for. Everyday Michigan Masonic Home provides exciting opportunities to learn and grow!
The CFO directs all financial affairs including managing financial risk, financial planning, and appropriate record keeping for all organizations. The CFO also gathers and analyzes financial data and ensures financial systems and controls are in order and in compliance with generally accepted accounting practices, auditing standards, and state and federal laws.
The CFO delegates the administrative authority, responsibility, and accountability necessary to carry out assigned duties to include, but not limited to, managing budgets, establishing policy, financial decision-making, controlling margins and debt, and making decisions about assets and resources.
CFO Responsibilities Will Include:
- Administers the general accounting, patient business services, including third-party reimbursement, cost reports, financial, and statistical reporting functions in accordance with established policies and accounting procedures.
- Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
- Trains staff in the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
- Assists the CEO in the development of long and short-range operational plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
- Develops long and short-range operational and capital budgets, which are supported by the long- and short-range plans and objectives.
- Recommends budget modifications as required. Assists managers in the development of departmental and capital budgets.
- Monitors, interprets, and analyzes financial performance in established plans and objectives.
- Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
- Directs the preparation of internal financial reports including work papers for annual financial audit.
- Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the organization.
- Assumes a lead role in analyzing and exploring means of reducing operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.
- Oversees and directs treasury, budgeting, audit, tax, accounting, and long-range forecasting, and other related activities for the organization.
- Appraises the organization’s financial position and issues periodic reports on the organization’s financial stability, liquidity, and growth.
- Manages general, professional insurance programs to minimize loss exposure from unpredictable adverse events.
- Establishes and maintains contacts with financial institutions and the investment community.
- Responsible for arranging and coordinating external financing and debt covenant compliance.
- Establishes, administers, maintains, and revises, as necessary, the policies and procedures for departmental operations annually.
- Other duties as assigned.
- Can work independently with limited supervision for daily work priorities.
- Have a customer service attitude with a sense of urgency towards quality resident services.
- The ability to employ great collaborative skills both internally across departments and externally between other providers of relevant services.
- The ability to build relationships with staff, other departments, residents, family, volunteers & visitors.
- Must demonstrate competency in the use of Microsoft Word and Excel, including proven experience with PowerPoint presentations, CRM databases and statistics.
- Master’s degree in accounting or finance; or equivalent combination of education and experience with the knowledge of accepted accounting principles normally acquired through completion of this degree is required.
- CPA or CMA certification strongly preferred.
- A minimum of 3 years of experience working at the CFO level in long-term care / skilled nursing, home for the aged / assisted living facilities, and other senior services.
- Proficiency in accounting procedures applicable to long-term care / skilled nursing and home for the aged / assisted living facilities.
- Strong financial analysis and modeling skills.
- Familiarity with the legal landscape governing long-term care / skilled nursing and home for the aged / assisted living facilities.
- Expertise in third-party billing for Medicare and Medicaid.
- Must be a strong, hands-on and approachable leader who understands the value of being a team-player.
Located in the friendly community of Alma, MI, Masonic Pathways Senior Living Services is a not‑for‑profit continuing care retirement community offering independent and assisted living, short‑stay rehabilitation, skilled nursing, and memory care services.
Michigan Masonic Home is an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, or national origin.