Job Summary
The Chief Financial Officer (CFO) at PARUAN is responsible for the overall financial strategy, performance, and fiscal integrity of the organization. This role provides strategic leadership for accounting, budgeting, forecasting, financial reporting, reimbursement oversight, risk management, and compliance, while supporting operational leaders to ensure financial sustainability and high-quality resident care. The CFO is a key advisor to the senior leadership team.
Reports to: CEO
Position Type: This is a full-time exempt position.
Duties/Responsibilities:
- Develop and execute the organization’s financial strategy in alignment with mission, values, and long-term growth objectives in conjunction with the CEO and COO.
- Provide financial leadership and guidance to executive and operational teams across assisted living communities.
- Partner with the leadership team on strategic planning, capital planning, and business development initiatives.
- Oversee all accounting functions, including general ledger, accounts payable/receivable, payroll, and month-end/year-end close.
- Ensure timely, accurate, and transparent financial reporting for internal leadership, ownership, and external stakeholders.
- Develop and oversee financial statements, dashboards, and performance analyses.
- Lead the annual budgeting process and ongoing forecasting, including census-driven revenue projections and labor modeling.
- Monitor financial performance at the community and corporate level; identify trends, risks, and opportunities.
- Develop and track key financial and operational data relevant to assisted living operations.
- Ensure compliance with all applicable federal, state, and local financial, tax, and regulatory requirements related to assisted living operations.
- Oversee internal controls, financial policies, and procedures to safeguard organizational assets.
- Manage audits, cost reports, and interactions with external auditors, lenders, and regulatory agencies.
- Provide financial oversight related to private pay, waiver programs, and other payment models as applicable.
- Partner with operations and clinical leadership to ensure accurate billing, collections, and revenue cycle processes.
- Evaluate payer mix, rate structures, and pricing strategies to support financial stability.
- Oversee cash flow management, banking relationships, debt compliance, and covenant reporting in coordination with CEO and COO.
- Lead capital planning, financing strategies, and investment analysis for new developments, renovations, or acquisitions.
- Advise to ensuring adequate liquidity to support operations and growth initiatives.
- Lead, mentor, and develop the finance and accounting team.
- Promote collaboration between finance, operations, clinical leadership, HR, and sales to support organizational goals.
- Foster a culture of accountability, transparency, and continuous improvement.
Required Skills/Abilities:
- Ability to translate financial data into actionable insights
- Ability to create and manage corporate budgets.
- Excellent written and verbal communication skills.
- Knowledge of assisted living regulatory and reimbursement environments
- Familiar in Microsoft Office Suite or related software, as well as budget creation and analysis software.
- Excellent strategic and analytical thinking.
- Excellent organizational skills and attention to detail.
- Thorough understanding of budgetary and accounting principles, practices, and policies.
Education and Experience:
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field required; MBA or CPA preferred.
- Minimum of 8–10 years of progressive financial leadership experience, preferably in assisted living, senior housing, healthcare, or related services.
- Strong knowledge of financial reporting, budgeting, forecasting, and internal controls.
- Experience working with multi-site operations and census-driven financial models.
- Demonstrated ability to partner with operational and clinical leaders in a regulated environment.
- High level of integrity, professionalism, and discretion.
Physical Requirements:
- Ability to drive to various sites as needed.
- Prolonged periods of sitting at a desk and working on a computer.
- Prolonged periods of standing and moving.
- Must be able to lift up to 15 pounds at times with or without assistance.
Benefits:
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Work Location: Hybrid remote in Minneapolis, MN 55401
