Position Summary
The Chief Financial Officer (CFO) serves as Cassia's senior financial executive and reports directly to the Chief Executive Officer (CEO). As a key member of the Executive Leadership Team, the CFO provides enterprise-wide financial leadership, stewardship, and strategic guidance to support Cassia's mission, long-term sustainability, and growth objectives.
The CFO is responsible for the overall financial health and performance of Cassia and its affiliated entities, including accounting, financial reporting, budgeting, forecasting, reimbursement, tax compliance, risk management, internal controls, and capital planning. The CFO serves as the organization's principal financial leader, ensuring sound stewardship of resources while providing strategic insight to support operational excellence, organizational growth, and mission fulfillment.
The CFO works closely with the Chief Investment Officer and other executive leaders to develop and execute innovative financing, investment, and capital deployment strategies that support development, acquisitions, renovations, affiliations, and other strategic initiatives. This leader must possess a deep understanding of nonprofit finance, tax-exempt financing structures, nonprofit corporate governance, and the complex financial frameworks used to support growth within mission-driven organizations.
Cassia is a faith-based, nonprofit organization dedicated to serving older adults through senior living, healthcare, housing, rehabilitation, pharmacy, and community-based services.
Essential Responsibilities
Executive and Strategic Leadership
- Serve as the principal financial advisor to the CEO and Executive Leadership Team.
- Provide enterprise-wide financial leadership and strategic direction in support of Cassia's mission, vision, values, and long-term organizational objectives.
- Collaborate with executive leaders to evaluate strategic opportunities, risks, investments, affiliations, acquisitions, and business initiatives.
- Lead long-range financial planning and forecasting efforts that support sustainable growth and operational excellence.
- Identify emerging industry trends, regulatory changes, and financial risks that may affect organizational performance.
- Foster a culture of stewardship, accountability, innovation, and continuous improvement across the organization.
Financial Stewardship and Operational Leadership
- Direct all financial operations of the organization, including accounting, treasury, financial reporting, budgeting, forecasting, reimbursement, audits, tax compliance, debt management, and internal controls.
- Ensure the integrity, accuracy, and transparency of financial records and reporting.
- Monitor organizational financial performance and recommend corrective actions as necessary to ensure financial sustainability.
- Maintain appropriate liquidity, reserves, and cash management practices.
- Establish and monitor key financial and operational performance indicators.
- Ensure compliance with all applicable federal, state, local, and nonprofit regulatory requirements.
Strategic Capital Planning and Investment Partnership
- Partner closely with the Chief Investment Officer to develop and execute enterprise capital strategies that support growth, sustainability, and mission impact.
- Collaborate on organizational capital structure, financing strategies, debt management, liquidity planning, and investment funding approaches.
- Evaluate and implement innovative nonprofit financing solutions, including tax-exempt bond financing, obligated group structures, master trust indentures, joint ventures, partnerships, and other capital formation strategies.
- Support development, acquisition, affiliation, renovation, and repositioning initiatives through financial modeling, transaction analysis, capital planning, and funding recommendations.
- Work collaboratively with lenders, bond counsel, underwriters, financial advisors, rating agencies, and external partners to secure and optimize financing arrangements.
- Ensure effective coordination between treasury, investment, operational, and strategic planning activities to maximize organizational resources and financial flexibility.
Budgeting, Forecasting, and Financial Planning
- Lead the annual budgeting process and long-range financial planning activities across the organization.
- Collaborate with operational leaders to establish and monitor budgets aligned with strategic priorities.
- Provide regular forecasts, variance analyses, and financial insights to support decision-making.
- Ensure the effective allocation of resources to achieve organizational goals and mission objectives.
Risk Management, Compliance, and Governance
- Maintain robust financial controls, compliance programs, and risk management processes.
- Oversee external audits, cost reports, tax filings, and regulatory reviews.
- Assess the financial impact of changes in reimbursement methodologies, healthcare regulations, nonprofit regulations, and broader economic conditions.
- Ensure adherence to sound governance practices and financial stewardship principles across all affiliated entities.
Board and Committee Support
- Provide accurate, timely, and meaningful financial reporting, analysis, and recommendations that support effective governance and informed decision-making.
- Present organizational financial performance, forecasts, capital strategies, financing plans, investment-related financial implications, and risk assessments to the Board and its committees.
- Partner with the CEO and Executive Leadership Team to ensure board members receive clear, transparent, and actionable financial information.
- Support the Finance Committee, Audit Committee, Investment Committee, and other board committees as assigned through strategic financial insight and analysis.
Leadership and Team Development
- Provide leadership and oversight for finance, accounting, reimbursement, treasury, financial planning, and related functions.
- Recruit, develop, and mentor high-performing financial leaders and team members.
- Foster a culture of collaboration, accountability, innovation, and continuous improvement.
- Promote alignment between financial operations and Cassia's mission, values, and strategic priorities.
Mission and Culture
- Demonstrate a personal commitment to Cassia's mission of fostering fullness of life for older adults in the spirit of Christ's love.
- Integrate stewardship principles into financial leadership and organizational decision-making.
- Lead with integrity, humility, compassion, and excellence in service to residents, families, team members, and communities.
- Support and strengthen Cassia's faith-based culture through servant leadership and mission-centered decision-making.
Required Qualifications
- Bachelor's degree in Accounting, Finance, Business Administration, or related field.
- CPA strongly preferred.
- Master's degree in Finance, Business Administration, Healthcare Administration, or related field preferred.
- Minimum ten years of progressive financial leadership experience, including senior executive financial leadership responsibilities.
- Significant experience within nonprofit healthcare, senior living, housing, human services, or other complex multi-entity nonprofit organizations.
- Demonstrated experience with tax-exempt financing, bond financing, debt management, obligated group structures, nonprofit corporate governance, and capital planning.
- Strong understanding of nonprofit tax law, nonprofit corporate structures, and regulatory compliance requirements.
- Experience supporting acquisitions, affiliations, development projects, strategic partnerships, and complex capital transactions.
- Proven success partnering with boards, board committees, executive leaders, lenders, bond counsel, underwriters, auditors, and financial advisors.
- Experience leading high-performing teams and developing future leaders.
Knowledge, Skills, and Abilities
- Exceptional financial, strategic, and business acumen.
- Deep understanding of nonprofit accounting, finance, tax compliance, and financial reporting.
- Comprehensive knowledge of tax-exempt financing structures, obligated groups, capital formation strategies, and nonprofit financing mechanisms.
- Ability to creatively evaluate and implement funding solutions for development, acquisition, renovation, and strategic growth initiatives.
- Strong understanding of the relationship between investment management, capital planning, and organizational financial performance.
- Demonstrated ability to translate complex financial and investment-related information into clear business recommendations.
- Exceptional communication, presentation, relationship-building, and leadership skills.
- Strong commitment to servant leadership, mission-driven stewardship, and organizational excellence.
