Chief Financial Officer at Maplewood Senior Living LLC

Job Title: Chief Financial Officer
Location: Westport, CT
Employment Type: Full Time
Department: Finance

About Us:
Maplewood Senior Living, is a leading operator of premier senior living communities across 6 states, featuring two distinguished brands: Maplewood and Inspīr. Known nationally for innovation in the senior living space, Maplewood is a growing company dedicated to excellence in care, offering personalized and thoughtful services in independent living, assisted living and memory care.

Our success is built on a foundation of personalized, compassionate care and communities designed to enrich the quality of life for our residents. We foster a dynamic and supportive work environment that empowers our teams to excel, inspire, and make a meaningful impact every day. If you are a passionate about driving growth and innovation in senior living, Maplewood offers the opportunity to be part of a forward-thinking organization that values your expertise. Join us and help shape the future of senior living!

Overview: At Maplewood Senior Living, we manage a portfolio of assisted living and skilled nursing communities across five states. As the CFO, you will be responsible for leading the accounting and finance departments and overseeing all the financial activities of our active and development communities. You will play a critical role in financial decision-making and strategy, helping to drive the company's financial stability and growth while ensuring compliance with all regulatory bodies. The CFO's duties also include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.

Key Responsibilities:

• Financial Management, Forecasting, Modeling, and Budgeting:
  • Holds ultimate responsibility for all budgets, forecasts, models, financial statements, external reporting, and cash forecasts.
  • With the help of a Manager of FP&A and an analyst, takes a hands-on approach to maintaining financial performance by measuring and analyzing results, performing scenario modeling, initiating corrective actions, and communicating to leadership the impact of variances.
  • Has a “roll up your sleeves” mentality—will create reports and modeling in Enterprise Planning Management System, Excel, Power BI, etc. to assist Operations, Finance, and Executive teams.

• Reporting:
  • Review detailed monthly and annual financial reports that include profit and loss statements, balance sheets, cash flow statements, and forecasts.
  • Provide timely and accurate analysis of budgets, financial reports, and financial trends to assist the CEO, board members, and other senior executives in performing their responsibilities.
  • Responsible for the review of the audited annual financial statements to ensure that they are prepared in accordance with GAAP.
  • Ability to prioritize competing tasks in a demanding environment and pivot where necessary
  • Thrives in a dynamic environment to provide ad hoc reporting and analysis to co-CEOs.

• Cash Management:
  • Oversees the cash management and treasury functions, including the establishment of bank accounts and relationships required to administer the financial functions of the company
  • Maintains the company's 13-week cash flow and prepares cash flow forecasts in accordance with investor requests.

• Internal Controls and Compliance:
  • Establish and maintain strong internal controls to ensure accuracy of financial transactions and reporting, and compliance with current laws and regulations.
  • Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting.

• Strategic Planning:
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Interact with other managers providing consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.

• Risk Management and Data Integrity:
  • Understand and mitigate key elements of the company's risk profile.
  • Monitor all open legal issues involving the company, and legal issues affecting the industry.
  • Collaborates with VP of Business Intelligence and Director of IT to maintain the integrity of data across all systems with a clear responsibility matrix and data connection flowchart.

• Financing:
  • Engage financial institutions for necessary funding to ensure the company has the financial resources required for ongoing operations and future growth.

• Team Management:
  • Manage the accounting and finance department staff, including the Controller, accountants, AP, billing, payroll, and financial analysts.
  • Must continue to keep apprised of new accounting pronouncements to ensure the accounting team is continuously maintaining compliance with the latest standards.
  • Recruit, train, and retain skilled financial personnel.
  • Enact corrective action plans where necessary to improve performance for team members.

Education/Experience/Licensure/Certification:

• Bachelor's degree in accounting, Finance, or Business.
• CPA required. MBA preferred.
• Proven experience as CFO, finance officer, or relevant role.
• Experience in the senior living industry, healthcare, or real estate is highly desirable.
• In-depth knowledge of corporate financial law and risk management practices.
• Excellent knowledge of data analysis and forecasting methods.
• Proficient in the use of MS Office and financial management software (Vena experience a plus).
• Ability to strategize and solve problems.
• Strong leadership and organizational skills.
• Excellent communication and people skills.
• An analytical mind, comfortable with numbers.

Why You’ll Love Working with Us:

• Innovative Culture: We are a group of smart, forward-thinking and compassionate pros dedicated to enhancing the lives of our residents through service excellence, creative and meaningful programs and continuous innovation.
• HEART: We recognize Humor, Empathy, Autonomy, Respect and Trust as core values that guide our work.
• Growth Opportunities: We promote and foster career development and continuous learning.
• Work-Life Balance: We value autonomy, flexibility and a family-friendly supportive workplace.
• Competitive Comp and Benefits: We offer a competitive compensation package, bonus, health insurance, 401K with match, paid time off, and more. Inspir believes in rewarding top talent and dedication, depending upon years of experience and commitment to the company. Inspir strives for transparency, reviewing pay periodically, to be the industry leader in recruiting talent like you!

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)