For six decades, Sequoia Living has tapped its organizational strength to provide stimulating, joyful living environments and support services that enrich the lives of older adults. Sequoia Living collaborates closely with complementary nonprofit agencies to ensure a continuum of resources around every senior served.
Sequoia Living provides homes and services for healthy aging through its eight communities of both continuing care retirement communities (CCRCs) and affordable housing. 93% of Sequoia Living’s continuing care community retirement residents would recommend their community to a friend.
What separates Sequoia Living from other elder care organizations is the full spectrum demographic of seniors served from assisted living, memory care and skilled nursing to affordable housing to a broad range of community services, such as serving 50,000 meals to low income seniors each year. Sequoia Living is a $110 million+ budget organization based in San Francisco. www.sequoialiving.org
Opportunity to partner with the CEO and Executive team as a strategic and operationally minded CFO in a collaborative environment, developing goals and influencing growth decisions, then translating them into actionable Financial plans
Opportunity to join a mission driven organization, sustained primarily through earned income in an exciting period of growth for the industry
Opportunity to work closely with Information Technology to improve scalability of processes and quality of information for the organization, report on findings and develop a plan to continuously improve the overall financial health of the organization
Opportunity to build financial competencies in all leadership positions at the corporate location and the Sequoia Living communities
Opportunity to develop an effective, efficient Finance team through a strong VP Finance
The Chief Financial Officer reports to the CEO and proactively participates as a key member of the executive leadership team in determining strategic direction of the overall organization, then translates the overall strategy into measurable financial statement and operating metrics. The successful CFO continuously monitors progress toward those goals and proactively suggests actions for operating and financial improvement. The CFO has overall responsibility for accounting, financial planning and analysis, treasury (including credit and capital requirements), financial and business controls, and internal and external financial reporting, and partners closely with others on legal, contracting and insurance. Along with the Investment Committee, the CFO is an important part of investments oversight.
The CFO proactively consults, advises, and drives financial decision support and analysis. The CFO ensures that cost-effective internal business and accounting controls are in place and operating effectively to safeguard the assets and integrity of the organization.
ESSENTIAL FUNCTIONS/DETAILED DUTIES
As a member of the executive team: provide strategic input and leadership on decision-making affecting the organization; share responsibility for overall policy and management; develop and successfully implement the organization’s Strategic Plan
Work closely with the President/CEO and the Board to continuously strengthen the financial health and operations of the organization; help others across the organization employ financial information to make better decisions
Communicate commitment to the mission of Sequoia Living through words and actions
Develop effective working relationships with internal and external constituencies; commitment to working collegially in a culturally diverse environment
Manage a significant investment in Finance resources through a strong VP Finance at the home office and Business Office Managers and Sr Accounting Specialists at the senior living communities
Finance, Accounting and Planning and Analysis
Serve as advisor to the President/CEO on financial, strategic and operational matters
Diligent about extracting and utilizing data to drive decisions, see around corners, and plan for contingencies with the CEO
Establish metrics and KPIs that influence actions necessary to continually strengthen the financial performance of the organization
Facilitate monthly meetings and conversations with Executive Directors on the financial performance of the communities; ensure monthly reports are distilled into information that enables action and improvement from the Staff closest to the organization
Manage and oversee the Foundation’s endowment portfolio to ensure investments are in accordance with Sequoia Living Living’s investment policy and with sound principles of endowment management - includes coordinating banking, investment advisor and portfolio manager relationships and applying sound cash management strategies to meet operating needs while also preserving the endowment
Ensure finance and accounting needs are clearly articulated so that financial expertise and support structure is provided in a timely manner
Provide accounting oversite: payroll and benefits, accounts payable and receivable, grants and contributions, accounting systems, financial and internal controls, and financial and tax reporting
Drive Sequoia Living’s annual budget and periodic forecasting process; work closely with leadership to suggest operating and financial performance improvements
Prepare and present financial information and other metrics/operating measures to Residents, Staff and Board of Directors on the overall financial condition of Sequoia Living and progress of the annual budget; coordinate all activities for the Finance and Audit and Compliance Committee meetings: set the agendas for preplanning meetings with Finance and Audit chairs and external auditors, draft reports and memos
With other corporate officers, ensure all laws regarding corporate governance are complied with; plan and prepare the meeting agendas, reports and materials for the quarterly board meetings
Ensure a positive, productive relationship with Sequoia Living’s auditors
Support the VP Finance who leads the audit compliance process
Represent Sequoia Living to financing providers and other partners, such as bond underwriters, bankers, tax credit advisors and brokers
Represent Sequoia Living to the various and appropriate state and municipal agencies with whom Sequoia Living works, such as:
California Departments of Social Services and Public Health
California Department of Housing and Community Development whose regulations govern Sequoia Living’s community The Woods in Mendocino County
City and County of San Francisco
Intelligence, energy, intellectual range and care in judgment necessary to be an effective adviser to the President/CEO and the Board on individual decisions and on the overall quality of Sequoia Living operations
Deep experience as the Finance member of an executive team in a nonprofit environment; ideally, experience with a CCRC, hospital, affordable housing, nonprofit, or healthcare organization
Experience in grants management, continuing care contract management, and charitable remainder trusts a plus
Property development experience including financing, construction, and regulatory compliance is a plus
Knowledge of union labor contracting policies and practices a plus
Experience with CCRC regulations and accounting, affordable housing development, HUD programs and tax credit financing, as well as resident services for CCRCs and affordable housing communities is a plus
PLEASE PROVIDE A COVER LETTER OF A FEW PARAGRAPHS DESCRIBING YOUR ACCOMPLISHMENTS THAT ARE MOST RELEVANT FOR THIS ROLE.
Additional Salary Information: Base plus bonus
Internal Number: 1
About Sequoia Living
Retained executive search focused on Financial and Human Resource Officer assignments across the U.S.