What are the responsibilities and job description for the Controller position at Carefree Living?
Carefree Living of Minnesota is looking to full fill a new position of a Controller for our 11 Assisted Living facilities.
The Controller supervises the daily financial activities of Senior Housing Portfolio in MN, safeguarding the assets and preparing all financial reporting in accordance with Generally Accepted Accounting Principles. This position will provide guidance in all matters relating to the financial and human resource operations of the senior housing properties including accurate and timely financial reporting, promoting proper internal control measures as well as ensuring compliance with all federal, state and local regulations. Additional responsibilities include overseeing staff positions and assisting in human resource functions.
Oxford Living, LLC
Oxford Living, LLC acquires select senior housing properties in high private pay primary and important secondary markets throughout the United States and Canada. Acquisitions focus on markets with compelling demographics and properties with significant value add potential. Oxford Living creates value through strategic expansions and capital improvements, as well as by utilizing sophisticated, data driven revenue management strategies. It also optimizes operating efficiencies through detailed, zero-based budgeting and tight expense controls.
We are a focused team with deep expertise in retirement home investment, operations, sales and marketing, care and compliance, HR, PR/communications, finance and customer service
We understand the challenges and opportunities faced by independent retirement home operators because we are one. We own 26 properties and think like owners with a focus on maximizing cash flow to partners
We operate in Ontario, Minesota and Washington State and have specialized market knowledge and relationships with all important stakeholders in the province (RHRA, Minesota Department of Health, Medicaid, hospitals, purchasing groups, banks, etc.)
We are solely focused on retirement homes and Assisted Living as LTC/Skilled Nursing operations require a different mindset and approach that is not conducive to efficient retirement home operations
We have experience across the spectrum of care and have a record of success implementing assisted living and memory care projects at independent living residences
Our dynamic team has experience managing properties formerly operated by independent and institutional owners and have taken best practices from both to develop our proprietary offering and management style
We understand what it takes to run both small and large homes in Ontario. Our diverse team means we know what we are doing, and we know how to handle every situation
COVID-19 professionals. Seasoned veterans at managing during a pandemic means we have the expertise to run a business during difficult times. We managed through the pandemic better than most while maintaining returns for our investors and occupancy.
Responsibilities:
- Prepares all financial reports and ledger reconciliations according to the established schedule, for distribution of operational information necessary to assist management in decision-making and budget preparation processes.
- Oversees preparation of, interprets and analyzes monthly financial statements and presents to management.
- Monitors revenues/expenses and ensures accurate recording of information to GAAP & The Company's established guidelines
- Compiles financial data related to operations, investigates and critiques variances from expectations to determine the cause and recommends appropriate management response to ensure attainment of Senior Housing Facilities financial objectives.
- Oversees and audits all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll, and employee records to ensure policies are enforced according to Company standards.
- Assists management in the budgeting & capital planning process.
- Coordinates the end of month reporting package and updates forecasts.
- Maintains files pertaining to, and ensuring compliance with, insurance policies, contracts, legal agreements, license & permits.
- Ensures proper, timely payment of fees for licenses, permits, regulatory contracts, insurance, and taxes
- Prepares cash transfers, manual checks, balance sheet and bank reconciliations, month-end journal entries and corporate/cross property billings.
- Assists department heads in Human Resources related duties as necessary.
- Assists colleagues with inquiries regarding personal days, sick days, vacation requests, direct deposits benefits, and other related matters.
- Assists in the Senior Housing facilities' efforts to ensure compliance with Federal and State laws.
- Participates as a member of the Senior Housing Leadership Team in activities and tasks as needed.
- Oversee Medicaid monthly billing
Requirements:
- Bachelor's Degree in Finance/Accounting and/or equivalent education/work experience.
- Senior Housing accounting background.
- Excellent oral and written communication skills.
- Excellent organizational and time management skills.
- Ability to work well under pressure.
- Experience with Accounting Systems - Yardi experience a plus
- Ability to assemble, analyze, understand integrated spreadsheets and complex technical information.
- Proficient in Microsoft Word, Excel, Teams and PowerPoint.
Health Insurance / Benefits:
The Company provides employees a general health insurance plan, a dental insurance plan, a 401K plan and life and disability insurance. You will be offered the opportunity to enroll in said plans in accordance with the terms of the plans.
Salary exempt
Bonus Potential: 20% of base salary
Phone and Travel will be paid by the company.
Work from home position with some travel to the sites as needed. (travel may lessen once facilities are stable)