Chief Financial Officer (CFO)/Vice President at Westminster Canterbury Lynchburg

Lynchburg, Virginia, United States -

Full Time

Start Date

Immediate

Expiry Date

31 May, 26

Salary

0.0

Posted On

02 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Planning, Accounting, Investments, Treasury Management, Strategic Guidance, Financial Forecasting, Cash Flow Projections, Capital Planning, Budgeting, Actuarial Analysis, Debt Management, Bond Financing, Regulatory Compliance, Risk Management, Leadership, Collaboration

Industry

Hospitals and Health Care

Description

Description Westminster Canterbury of Lynchburg, Inc., a nonprofit Continuing Care Retirement Community (CCRC), seeks an experienced and mission-driven Chief Financial Officer (CFO) to provide executive leadership for the organization’s financial operations and long-term fiscal sustainability. The CFO serves as a key member of the senior leadership team and a strategic partner with the President/CEO, Board of Trustees and Foundation Directors. This role is responsible for financial planning, accounting, investments and treasury management. The CFO ensures sound stewardship of resources while supporting Westminster Canterbury’s continuing care contracts and long-term obligations to residents. Key Responsibilities Strategic Financial Leadership Provide strategic financial guidance aligned with Westminster Canterbury’s mission, values, and long-range strategic plan. Develop and maintain multi-year financial forecasts, cash flow projections, and capital plans that reflect operational needs, entrance fee activity, refund liabilities, and debt service requirements. Advise the CEO and Board of Trustees on financial performance, trends, risks, and opportunities, including the long-term financial implications of resident contracts and capital investments. Financial Operations & Reporting Oversee all accounting, budgeting, payroll, and financial reporting functions in accordance with GAAP and nonprofit accounting standards. Ensure accurate tracking, accounting, and reporting of entrance fees, deferred revenue, and refund obligations. Lead the annual operating and capital budgeting processes and monitor performance against approved budgets. Entrance Fees, Actuarial Analysis & Refund Obligations Oversee financial modeling and actuarial analyses related to continuing care contracts, entrance fees, refund liabilities, and long-term care obligations. Coordinate with actuaries to ensure appropriate assumptions, reserves, and disclosures related to resident contracts. Monitor entrance fee cash flows and refund activity to ensure sufficient liquidity and compliance with regulatory and contractual requirements. Provide regular reporting to management and the Board regarding entrance fee trends, refund exposure, and long-term financial sustainability. Investments, Debt & Bond Financing Oversee cash management, banking relationships, and treasury operations. Serve as staff liaison to the Board Finance and Foundation Investment Committees. Coordinate with external investment advisors to oversee endowment, reserve, and long-term investment portfolios. Manage debt obligations, including bond financing, covenant compliance, and relationships with bond trustees and lenders. Support bond issuances, refinancing, and capital market transactions, including preparation of financial disclosures and investor materials. Regulatory Compliance & Audit Ensure compliance with federal and state regulations applicable to nonprofit CCRCs, including healthcare reimbursement, continuing care contract requirements, and financial disclosure regulations. Oversee the annual independent audit and serve as the primary liaison with external auditors. Support regulatory filings, bond disclosures, and financial reports required by governing bodies and oversight agencies (Continuing Care Accreditation Commission-CARF). Risk Management & Insurance Evaluate financial, operational, and contractual risks related to resident agreements, capital projects, and long-term obligations. Leadership & Collaboration Lead, mentor, and develop the Finance and Information Technology teams, fostering a culture of accountability, transparency, and continuous improvement. Collaborate closely with leaders across healthcare, facilities, marketing, development, and operations to support organizational initiatives. Communicate clearly and effectively with residents, staff, Board of Trustees, Foundation Board of Directors, auditors, actuaries, lenders, and external advisors. Requirements Education & Experience Bachelor’s degree in Accounting, Finance, or a related field required. CPA, MBA, or similar advanced credential strongly preferred. Minimum of 8–10 years of progressive financial leadership experience. Demonstrated experience in a nonprofit CCRC, senior living, healthcare system, or similarly regulated environment strongly preferred. Experience with entrance fee accounting, actuarial coordination, refund liability management, and bond financing is highly desirable. Skills & Attributes Strong expertise in nonprofit finance, long-term financial planning, investments, and capital markets. Proven ability to work effectively with Boards of Trustees and Finance/Investment Committees. High ethical standards, sound judgment, and commitment to financial stewardship. Strategic, collaborative leader with strong analytical and communication skills. Compensation & Benefits Westminster Canterbury of Lynchburg offers a competitive executive compensation and benefits package, commensurate with experience, and the opportunity to serve in a mission-focused, resident-centered nonprofit community.

Responsibilities

The Chief Financial Officer will provide executive leadership for financial operations, ensuring long-term fiscal sustainability by overseeing financial planning, accounting, investments, and treasury management. Key duties include strategic financial guidance, managing entrance fee liabilities, overseeing debt/bond financing, and ensuring regulatory compliance and accurate financial reporting.