SEQUOIA LIVING

CFO

Position Profile

 

THE ORGANIZATION

For six decades, Sequoia Living has tapped its organizational strength to provide stimulating, joyful living environments and support services that enrich the lives of older adults. Sequoia Living collaborates closely with complementary nonprofit agencies to ensure a continuum of resources around every senior served.

 

Sequoia Living provides homes and services for healthy aging through its eight communities of both continuing care retirement communities (CCRCs) and affordable housing. 93% of Sequoia Living’s continuing care community retirement residents would recommend their community to a friend. 

 

What separates Sequoia Living from other elder care organizations is the full spectrum demographic of seniors served from assisted living, memory care and skilled nursing to affordable housing to a broad range of community services, such as serving 50,000 meals to low income seniors each year. Sequoia Living is a $110 million budget organization based in San Francisco. www.sequoialiving.org

THE OPPORTUNITY/ATTRACTIONS

  • Opportunity to partner with the CEO and Executive team as a strategic and operationally minded CFO in a collaborative environment, developing goals and influencing growth decisions, then translating them into actionable Financial plans
  • Opportunity to join a mission driven organization, sustained primarily through earned income in an exciting period of growth for the industry
  • Opportunity to work closely with Information Technology to improve scalability of processes and quality of information for the organization, report on findings and develop a plan to continuously improve the overall financial health of the organization
  • Opportunity to build financial competencies in all leadership positions at the corporate location and the Sequoia Living communities
  • Opportunity to develop an effective, efficient Finance team through a strong VP Finance

SUMMARY
The Chief Financial Officer reports to the CEO and proactively participates as a key member of the executive leadership team in determining strategic direction of the overall organization, then translates
the overall strategy into measurable financial statement and operating metrics. The successful CFO continuously monitors progress toward those goals and proactively suggests actions for operating and financial improvement. The CFO has overall responsibility for accounting, financial planning and analysis, treasury (including credit and capital requirements), financial and business controls, and internal and external financial reporting, and partners closely with others on legal, contracting and insurance. Along with the Investment Committee, the CFO is an important part of investments oversight.

The CFO proactively consults, advises, and drives financial decision support and analysis. The CFO ensures that cost-effective internal business and accounting controls are in place and operating effectively to safeguard the assets and integrity of the organization.     

ESSENTIAL FUNCTIONS/DETAILED DUTIES:
Leadership

§  As a member of the executive team: provide strategic input and leadership on decision-making affecting the organization; share responsibility for overall policy and management; develop and successfully implement the organization’s Strategic Plan

§  Work closely with the President/CEO and the Board to continuously strengthen the financial health and operations of the organization; help others across the organization employ financial information to make better decisions

  • Communicate commitment to the mission of Sequoia Living through words and actions
  • Develop effective working relationships with internal and external constituencies; commitment to working collegially in a culturally diverse environment 
  • Manage a significant investment in Finance resources through a strong VP Finance at the home office and Business Office Managers and Sr Accounting Specialists at the senior living communities

 

Finance, Accounting and Planning and Analysis

  • Serve as advisor to the President/CEO on financial, strategic and operational matters
  • Diligent about extracting and utilizing data to drive decisions, see around corners, and plan for contingencies with the CEO
  • Establish metrics and KPIs that influence actions necessary to continually strengthen the financial performance of the organization
  • Facilitate monthly meetings and conversations with Executive Directors on the financial performance of the communities; ensure monthly reports are distilled into information that enables action and improvement from the Staff closest to the organization
  • Manage and oversee the Foundation’s endowment portfolio to ensure investments are in accordance with Sequoia Living Living’s investment policy and with sound principles of endowment management – includes coordinating banking, investment advisor and portfolio manager relationships and applying sound cash management strategies to meet operating needs while also preserving the endowment
  • Ensure finance and accounting needs are clearly articulated so that financial expertise and support structure is provided in a timely manner
  • Provide accounting oversite: payroll and benefits, accounts payable and receivable, grants and contributions, accounting systems, financial and internal controls, and financial and tax reporting
  • Drive Sequoia Living’s annual budget and periodic forecasting process; work closely with leadership to suggest operating and financial performance improvements
  • Prepare and present financial information and other metrics/operating measures to Residents, Staff and Board of Directors on the overall financial condition of Sequoia Living and progress of the annual budget; coordinate all activities for the Finance and Audit and Compliance Committee meetings: set the agendas for preplanning meetings with Finance and Audit chairs and external auditors, draft reports and memos
  • With other corporate officers, ensure all laws regarding corporate governance are complied with; plan and prepare the meeting agendas, reports and materials for the quarterly board meetings

External Relations

  • Ensure a positive, productive relationship with Sequoia Living’s auditors
  • Support the VP Finance who leads the audit compliance process
  • Represent Sequoia Living to financing providers and other partners, such as bond underwriters, bankers, tax credit advisors and brokers
  • Represent Sequoia Living to the various and appropriate state and municipal agencies with whom Sequoia Living works, such as:
    • California Departments of Social Services and Public Health
    • California Department of Housing and Community Development whose regulations govern Sequoia Living’s community The Woods in Mendocino County
    • City and County of San Francisco

OTHER
Other duties as assigned by the Chief Executive Officer

 

LOCATION
San Francisco, CA

 

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