Chief Financial Officer

Chief Financial Officer

Strategic financial leadership for a growing, multi-entity senior-living organization

• Department:
  Finance & Accounting
• Classification:
  Executive / Exempt
• Travel:
  As needed
• Location:
  
  In-Person
• Direct reports:
  Finance and accounting team

Cornerstone Management oversees multiple Assisted Living communities dedicated to providing compassionate, high-quality care for seniors. Our mission is to foster safe, engaging, and person-centered environments where residents can thrive while preserving their independence and dignity.

The Chief Financial Officer (CFO) is responsible for the overall financial strategy, performance, and integrity of the organization. This executive leads accounting, financial planning and analysis, treasury management, budgeting, forecasting, financial reporting, risk management, and internal controls.

The CFO serves as a strategic partner to the President/CEO and executive leadership team, providing timely insight to support operational decisions, acquisitions, financing initiatives, and long-term growth. The ideal candidate has experience overseeing a multi-entity, multi-location organization. Experience in senior living, healthcare, property management, or real estate investment is strongly preferred.

• Develop and execute financial strategies that support operational priorities and long-term growth objectives.
• Serve as a strategic financial advisor to the President/CEO, executive leadership team, owners, and investors.
• Evaluate organizational performance and recommend actions to improve profitability, cash flow, and financial sustainability.
• Provide financial modeling and analysis for investments, acquisitions, developments, refinancing opportunities, and other strategic initiatives.
• Communicate financial performance, risks, and opportunities clearly to financial and non-financial stakeholders.

• Oversee all accounting functions, including the general ledger, accounts payable, accounts receivable, payroll accounting, fixed assets, and financial close processes.
• Ensure monthly, quarterly, and annual financial statements are accurate, timely, and prepared in accordance with generally accepted accounting principles.
• Review financial results by community, property, department, and legal entity.
• Monitor revenue, operating expenses, labor costs, occupancy, accounts receivable, net operating income, and other key performance indicators.
• Coordinate annual audits, tax filings, cost reports, and other required financial reviews.

• Lead the annual budgeting process across all communities, departments, and entities.
• Prepare and maintain financial forecasts, cash-flow projections, and long-range financial plans.
• Analyze actual performance against budget and prior periods, identify material variances, and work with operational leaders on corrective action plans.
• Establish financial benchmarks and performance expectations for the organization.
• Develop dashboards and reporting tools that provide leadership with meaningful and actionable financial information.

• Oversee cash management, banking relationships, liquidity planning, and intercompany transactions.
• Monitor daily cash positions and ensure adequate funds are available to meet operational and debt-service obligations.
• Review and approve payments, transfers, distributions, and other financial transactions in accordance with authorization policies.
• Develop strategies to improve working capital and cash-flow performance.
• Maintain appropriate controls over bank accounts, electronic payments, and access permissions.

• Lead financial due diligence for acquisitions, dispositions, refinancings, and other transactions.
• Review historical financial statements, rent rolls, census information, payroll records, accounts receivable, contracts, and other due-diligence materials.
• Develop acquisition models, operating projections, valuation analyses, and sources-and-uses schedules.
• Coordinate with lenders, investors, brokers, attorneys, accountants, and other transaction partners.
• Support debt placement, refinancing, HUD financing, and lender reporting requirements.
• Monitor loan covenants, debt-service coverage, reserve requirements, and other financing obligations.
• Prepare financial updates and reporting packages for owners, investors, lenders, and governing bodies.

• Partner with operations leaders and community administrators to improve financial and operational performance.
• Assist leadership in evaluating staffing levels, labor utilization, agency usage, vendor costs, resident rates, service revenue, and payer mix.
• Develop financial education and accountability processes for community and departmental leaders.
• Identify opportunities for revenue enhancement, expense management, and process improvement.
• Support new-community…