Chief Financial Officer​/Vice President

Key Responsibilities Strategic Financial Leadership

• Provide strategic financial guidance aligned with Westminster Canterbury’s mission, values, and long-range strategic plan.
• Develop and maintain multi-year financial forecasts, cash flow projections, and capital plans that reflect operational needs, entrance fee activity, refund liabilities, and debt service requirements.
• Advise the CEO and Board of Trustees on financial performance, trends, risks, and opportunities, including the long-term financial implications of resident contracts and capital investments.

• Oversee all accounting, budgeting, payroll, and financial reporting functions in accordance with GAAP and nonprofit accounting standards.
• Ensure accurate tracking, accounting, and reporting of entrance fees, deferred revenue, and refund obligations.
• Lead the annual operating and capital budgeting processes and monitor performance against approved budgets.

• Oversee financial modeling and actuarial analyses related to continuing care contracts, entrance fees, refund liabilities, and long-term care obligations.
• Coordinate with actuaries to ensure appropriate assumptions, reserves, and disclosures related to resident contracts.
• Monitor entrance fee cash flows and refund activity to ensure sufficient liquidity and compliance with regulatory and contractual requirements.
• Provide regular reporting to management and the Board regarding entrance fee trends, refund exposure, and long-term financial sustainability.

• Oversee cash management, banking relationships, and treasury operations.
• Serve as staff liaison to the Board Finance and Foundation Investment Committees.
• Coordinate with external investment advisors to oversee endowment, reserve, and long‑term investment portfolios.
• Manage debt obligations, including bond financing, covenant compliance, and relationships with bond trustees and lenders.
• Support bond issuances, refinancing, and capital market transactions, including preparation of financial disclosures and investor materials.

• Ensure compliance with federal and state regulations applicable to nonprofit CCRCs, including healthcare reimbursement, continuing care contract requirements, and financial disclosure regulations.
• Oversee the annual independent audit and serve as the primary liaison with external auditors.
• Support regulatory filings, bond disclosures, and financial reports required by governing bodies and oversight agencies (Continuing Care Accreditation Commission-CARF).

• Evaluate financial, operational, and contractual risks related to resident agreements, capital projects, and long‑term obligations.

• Lead, mentor, and develop the Finance and Information Technology teams, fostering a culture of accountability, transparency, and continuous improvement.
• Collaborate closely with leaders across healthcare, facilities, marketing, development, and operations to support organizational initiatives.
• Communicate clearly and effectively with residents, staff, Board of Trustees, Foundation Board of Directors, auditors, actuaries, lenders, and external advisors.

• Bachelor’s degree in Accounting, Finance, or a related field required.
• CPA, MBA, or similar advanced credential strongly preferred.
• Minimum of 8–10 years of progressive financial leadership experience.
• Demonstrated experience in a nonprofit CCRC, senior living, healthcare system, or similarly regulated environment strongly preferred.
• Experience with entrance fee accounting, actuarial coordination, refund liability management, and bond financing is highly desirable.

• Strong expertise in nonprofit finance, long‑term financial planning, investments, and capital markets.
• Proven ability to work effectively with Boards of Trustees and Finance/Investment Committees.
• High ethical standards, sound judgment, and commitment to financial stewardship.
• Strategic, collaborative leader with strong analytical and communication skills.