Director of Financial Services - Brookdale Senior Living

Under administrative direction, manages the communitys budget and financial operations.Manages the forecasting, analysis, and reconciliation of the annual budget process for assigned community(s). Distributes and communicates corporate templates and information requests from corporate to department heads, and meets to obtain and discuss budget proposals for the coming year. Applies financial models, evaluates forecasted numbers, and obtains explanations and justifications from department heads relating to significant increases and decreases from previous periods. Partners with department heads to scrutinize planning based upon prior activity, occupancy levels, financial models, etc. Conducts cost/benefit analysis for proposed spending.Incorporates corporate NOI expectations into budget planning. Identifies and discusses potential enhancements and obstacles in meeting expected numbers.Meets with Executive Director (ED) to discuss and resolve budget issues concerning departments forecasting and planned spending. Presents issues and organizes meetings with ED and department heads to formulate analysis and confirm facts.Critically reviews capital expense requests (CER). Discusses justifications and priorities with department heads and Executive Director. Follows corporate purchasing guidelines and tracks approved capital spending. Finalizes numbers with ED and prepares Power Point presentation for Business Plan Review with guidance from ED. Provides justifications and effectively communicates needs.Communicates finalized budget numbers to department heads and educates regarding meaning.Monitors budget expenses throughout the year. Routinely distributes reports and meets with Department heads to discuss financial performance and ensure integrity of data. Reconciles plan variances. Provides solutions and suggests corrective financial and operational action to department heads and ED. Alerts ED regarding anticipated difficulties in meeting NOI targets. Obtains EDs directives regarding budget and operational changes and incorporates into budget.Prepares and supervises the preparation of routine and specially requested statistical and financial reports and analysis for review by ED. Identifies and presents trend lines and projections relating to income and expenses. Reconciles accounts and interprets results.Submits monthly and quarterly food service, central supply, housekeeping inventory reports to corporate office. Routinely monitors inventories of supplies. Conducts cost/benefit analysis for current and proposed resources. Analyzes buy versus lease decisions equipment. Audits cash handling and purchasing/bid processes to ensure compliance, to assess credibility of vendors, and to conduct proper analysis of bids.Supervises Business Office staff and operations in the processing of payroll, invoices and receipt of payments from residents. Ensures that corporate policies and procedures relating to cash, accounting, collections, purchasing, budget and payroll are followed to maintain SOX compliance.Proactively manages DSO rates and follows collection procedures to obtain payments and reduce DSO. Reconciles resident accounts and informs ED regarding residents behind in fee payments. Reviews aging of accounts receivables and recommends bad debt write-offs.Prepares and posts notifications to residents regarding rate increases as approved by corporate office. Routinely posts and calculates interest payments for residents security deposits. Requests security deposit refunds for departing residents. Reviews other credits for residents and approves refunds as appropriate.Upon request, may provide financial information relating to expansion and renovations in community. Assists with financial studies and projections as it may relate to the profitability of expanded services. May assist ED regarding coordination of construction phases with operational requirements.This job description represents an overview of the responsibilities for the above referenced position. It is not intended to represent a comprehensive list of responsibilities. An associate should perform all duties as assigned by his/her supervisor.Voted by Newsweek in 2024 as one of America's Greatest Workplaces for DiversityEarly Access to Paycheck with Earned Wage Access is available for Hourly Associates (outside of CA)Brookdale Southfield is hiring a Director of Financial ServicesA Senior Living Community with Independent LivingMake Lives Better Including Your Own!Overview:Bachelor's Degree RequiredExperience with Financial Services RequiredBilling, AP, AR, HR, and Leadership experience required Responsible for day to day duties overseeing our Business OfficeWhy Brookdale? Brookdale is a GREAT place to further your career!Join a tenured team at an Upscale, Luxury, Premier Senior Living CommunityFull suite of health insurance, life insurance and retirement plans are available and vary by employment statusVariety of Associate DiscountWe pride ourselves with a culture of caring. All leadership team members and associates partner together to make sure each associate feels like they are familyWe recognize our staff with our monthly Everyday Hero award and prizes (PTO & Bonus)If you have a passion for helping others with a desire to to thrive professionally every day, this is the opportunity for you! Opportunities for Growth and Advancement! Dedicated Career path for every position!Veterans, transitioning active duty military personnel, and military spouses are encouraged to apply.To support our associates in their journey to become a U.S. citizen, Brookdale offers to advance fees for naturalization (Form N-400) application costs, up to $725, less applicable taxes and withholding, for qualified associates who have been with us for at least a year.