Full-time - Salary
Pay Range: $265,000.00 - $295,000.00
Exempt
Make a difference by providing great care and love for our treasured residents
At MorningStar Senior Living, we talk a lot about culture. In fact, we are rather obsessed about it. For without a transformative culture, we cannot begin to elevate and celebrate the lives of our resident heroes and be ourselves changed for the good in the process. So, we seek great hearts, other people like us, who care and want to do work that matters. We select people like us who believe that the most satisfying life is one that is outward-bound and rooted in servant-leadership.
Summary Of Role
The Chief Financial Officer (CFO) serves as an executive leader for the organization in strategic leadership and oversight for the Finance, Accounting, Information Technology and Risk Management areas of the company. The CFO is responsible for ensuring financial integrity, driving long-term value creation, optimizing technology-enabled financial operations, and maintaining strong relationships with diverse investor groups.
Duties And Responsibilities Of The Position
Strategy, Planning and Company Growth
- Partner with the CEO, President and Senior Leadership on strategic planning, mergers and acquisitions, and overall best practices within area of scope.
- Ensure alignment between financial strategy, operational performance, and overall corporate objectives.
- Assess and evaluate financial performance of the 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.
- Represent company within matters of scope to banks, financial partners, institutions, investors, public auditors, and officials.
- Drive modernization and integration of financial systems (ERP, reporting, data analytics, cybersecurity) to improve efficiency, scalability, and decision-making.
Financial Analysis, Budgeting and Forecasting
- Build credibility and trust through clear, consistent, and transparent communication of financial performance and strategy.
- Provide forward-looking financial analysis, modeling, and insights to guide business decisions by establishing and acting as the subject-matter-expert in finance operational and strategies.
- Leads the reporting of company and individual communities '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.
Accounting, General Ledger, Administration and Operations
- Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
- Oversee the timely and accurate preparation and communication of financial statements.
- Oversee the month-end close process.
- Enhance and implement financial and accounting systems, processes, tools and control systems.
- Remain current on audit best practices as well as state, federal and local laws regarding company operations.
Executive and Cross-Functional Leadership
- Model for the organization a commitment to our Core Values / Mission / Vision in how we make all financial decisions with integrity and stewardship to our investors.
- Collaborate with senior leaders across all departments regarding best practices, specifically within the areas of CFO scope.
- Monitor key performance indicators (KPIs) and operational metrics to ensure progress towards financial goals for the company and investors.
- Evaluates all systems and processes with an eye for 'how we could do this more efficiently or consistently' and takes action to improve those processes.
- Drive enterprise-wide initiatives within area of scope to improve efficiency, scalability, and performance.
- Promote a culture of accountability, operational excellence, and continuous improvement.
- Represent the organization with key internal and external stakeholders.
Job Qualifications
- Demonstration of our Core Values: Love, Kindness, Honesty, Goodness, Fairness, Respect
- Ability to lead within a culture committed to Morningstar's "Team Member Promise": We consider each team member a valued individual who is instrumental in-service excellence to our residents. MorningStar creates a work environment where life is enriched, stories are shared, and lives are cherished.
- 10 years of experience in Accounting and Finance leadership positions.
- Real estate development, property management and/or construction experience required.
- Proven history of working with multiple investor groups, including private equity, venture capital, public market investors, and/or lenders.
- Progressive financial leadership experience, including senior executive roles.
- Experience leading large teams.
- Exceptional communication and presentation skills, with the ability to translate complex financial information for diverse audiences.
- Experience demonstrating success in all areas listed above.
- A bachelor's degree in accounting or a related field required with master's degree preferred.
- Demonstrated excellence with accounting software required. Yardi experience preferred.
- Ability to travel to company sites as needed.
- Team members who are scheduled to work 24 or more hours per week are eligible for benefits, families of said team members will also be eligible.
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