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Omega Senior Living VP of Finance #1637 in Wichita, Kansas

This job was posted by https://www.kansasworks.com : For more information, please see: https://www.kansasworks.com/jobs/12020899

Leads the finance and accounting function and accounting team for the organization. Collaborate with Chief Operating Officer and other operational leaders, as needed, to manage the company’s financial operations, forecasting, financial analysis, and budgeting process. Leads efforts on financial aspects of business development initiatives, including but not limited to, development of business pro formas. Effectively represents the organization as the financial executive leader.


Manages the forecasting, analysis, and reconciliation of the organization-wide annual budgeting process.


Distributes and communicates corporate templates and information requests from corporate to operations leaders and meets to obtain and discuss budget proposals for the coming year.


Applies financial models, evaluates forecasted numbers, and obtains explanations and justifications from operations leaders relating to significant increases and decreases from previous periods.


Partners with operations leaders to scrutinize planning based upon prior activity, occupancy levels, financial models, etc.


Conducts cost/benefit analysis for proposed spending.


Leads efforts on financial aspects of business development initiatives, including but not limited to, development of business pro formas.


Incorporates corporate NOI expectations into budget planning. Identifies and discusses potential enhancements and obstacles in meeting expected numbers.


Collaborates with Chief Operating Officer (COO) to discuss and resolve budget issues concerning departments’ forecasting and planned spending.


Critically reviews capital expense requests (CER); collaborates with Chief Operating Officer (COO) to prioritize capital expense requests across organization.


Follows corporate purchasing guidelines and tracks approved capital spending.


Prepares executive presentations of pertinent financial metrics and effectively delivers information to key stakeholders and clients.


Communicates finalized budget numbers to department heads and educates regarding meaning.


Monitors budget expenses throughout the year. Routinely distributes reports and meets with operations leaders to discuss financial performance and ensure integrity of data. Reconciles plan variances. Alerts operations leaders regarding anticipated difficulties in meeting NOI targets. Obtains operations leader’s 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 operations leaders. 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.


Ensures that corporate policies and procedures relating to c ash, 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 operations leaders 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 resident’s 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 operations leaders 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.

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