Job Description

Presbyterian Villages of Michigan, a faith-based, premier nonprofit organization providing senior housing and services in Michigan, has a great opportunity to join our executive leadership team as the Vice President of Finance. We invite you to help us create new possibilities for quality living for the seniors we serve.

The Vice President of Finance is responsible for all facets of financial reporting, accounts payable, third-party financial compliance reporting, tax reporting, cost reporting, operational, capital and cash budgeting, audit and internal controls, banking, and cash management, information systems relative to finance and payroll related applications, fixed assets, employee benefit analysis, and insurance procurement related matters. Support to Directors for management operational analysis and billing and collection. Analyze financial accounting transactions and standards and maintain records through the preparation of financial statements for system-wide managed entities. Leads and supervises finance staff of accountants accounts payable specialists, and payroll manager. Supports SVP in capital financing initiatives, including proforma development and updates and the completion of finance and insurance-related due diligence for closings. Supports PVM Directors in the financial analysis of pricing, procurement, insurance, and wage and benefit-related matters. Serves as staff liaison to the PVM Audit and Benevolence Committees.

In addition to great leaders and residents to support through effective financial services, the organization offers diverse communities to engage, and a dedicated team of leaders and staff. PVM offers competitive compensation; attractive health benefits package, including employer cost share and medical benefits beginning on 1st day; generous and immediate Paid Time Off, Paid holidays, and a Retirement Savings Plan with immediate contribution opportunities, immediate vesting, and an employer match after 1 year.

To expedite consideration of your interest, please visit www.pvm.org to complete an application (including compensation expectations), upload a resume, and learn more about our organization.

Equal opportunity employer committed to diversity, equity, inclusion, and justice.

Essential Functions:

• Prepare and/or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and reports required by regulatory agencies.
• Prepare and file annual tax returns or prepare financial information for outside accountants to complete returns.
• Provide timely compliance reporting for third-party cost reports, HUD reporting, MSHDA tenant and monthly reporting, Detroit Housing Commission reporting, LIHTC compliance, tax-exempt bond financing related, insurance, etc.
• Supervise employees performing financial reporting, accounting, accounts payable, payroll, cash management, and budgeting duties. Ensure the department\xe2\x80\x99s appropriate organizational development, attraction, and retention of appropriate levels of staffing.
• Supervise the receipt, disbursement, banking, protection, and custody of operating and reserve funds.
• Maintain current knowledge and integrate it into procedures organizational policies and procedures, federal and state policies, directives, regulatory requirements, and current and proposed accounting standards.
• Coordinate audits of managed entity accounts and financial transactions to ensure timely reporting and compliance with GAAP and state and federal requirements and statutes.
• Develop and maintain relationships with auditors, banking, insurance, and non-organizational accounting personnel to facilitate financial activities.
• Develop and maintain daily, monthly, and quarterly cash flow projections and reporting for existing operations. Monitor operating and development cash advances made to entities for their collection and related reserves. Monitor the appropriate \xe2\x80\x9csurplus cash\xe2\x80\x9d position by entity.
• Lead short-term indebtedness banking, leasing & credit card relationships, policies, and procedures.
• Lead the facilitation of the annual operating, capital, and cash budget development process in conjunction with the members of the Executive and ACT teams.
• Develop and maintain internal control policies, guidelines, and procedures for collections, budget administration, cash and credit management, and accounting.
• Host monthly financial reporting and performance calls with those managing operations to provide clarity in financial reporting and forecasts to enhance revenue and contain costs.
• Support SVP and management on short-term and long-term financial objectives, policies, and actions.
• Support SVP and Director of Real Estate Development in the update of financial and cash flow proformas for facility advancement activities.
• In conjunction with Directors of Technology, determine the appropriate hardware & software resources needed to more efficiently manage the processing, reporting, and compliance for related finance functions.
• Provide financial analysis to Directors in operations for resident pricing to achieve the appropriate price point in the market.
• Support the Foundation President with the resources needed to manage Foundation accounting and reporting.
• Provide financial analysis and support to the SVP of Human Resources on benefit procurement, Executive Incentive Compensation Plan achievement and distribution, and 403-B program administration.
• Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures, and the efficient control and utilization of financial resources.
• Provide training to Village board members on financial statements and internal controls.
• Provide onboarding to new Administrators and Directors on a wide range of financial activities. Serve as staff liaison to the PVM Audit and Benevolence Committees.
• Supervise the depreciation practices to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
• Execute contracts and other documents necessary to provide for the functioning and necessary advancement of Finance Department-related programs and services within the Limits of Authority policy.
• Update and maintain Finance Department-related permanent files in compliance with record retention policies.
• Establish and monitor performance measurements for the Finance Department that assist in achieving Quality First and Service Excellence goals.
• Supervise the identification and tracking of fixed assets and the maintenance of the fixed asset register and related reporting.
• Assist the SVP of Human Resources with the assessment and procurement of employee benefits, coverage, and financing.
• Assist the Director of Risk management in the procurement of insurance coverage for new and existing entities. Attend and participate in all appropriate meetings and training opportunities in order to keep informed on current information and skill development.
• Follow established policies and procedures including but not limited to:
  • Presbyterian Villages policies and procedures.
  • Safety policies and procedures.
  • Federal, state, and local regulations.
• All other duties as assigned

Education:

• M.B.A. or Master\xe2\x80\x99s degree in Finance or related field, or equivalent experience.
• A certified Public Accountant preferred.

Experience:

• 10 or more years of management experience in a similar job.
• Finance experience in senior living, healthcare, real estate, and/or hospitality/service sectors preferred.

Computer Skills:

• Computer literacy required (Windows, Excel, Microsoft Database, general ledger software, report writers).

About Presbyterian Villages of Michigan:

Presbyterian Villages of Michigan (PVM) will be celebrating its 80th Anniversary in 2025 and has long been recognized as a premier provider of senior living and services. A nonprofit, faith-based organization and recognized leader in the aging field, PVM has many locations, which include independent living, assisted living, skilled nursing, memory care, and stay and play services, throughout Michigan\xe2\x80\x99s Lower Peninsula. Recognized as an innovative leader, PVM was an early adopter of home and community based services. The organization\xe2\x80\x99s goal has always been to deliver an environment that transforms senior living and services, while enhancing the communities it serves. PVM is also a leader in helping enrich the lives of those who prefer to remain in their own homes through a variety of home and community based services. PVM is a co-sponsor of two regional Programs of All-Inclusive Care for the Elderly (PACE), one in Southeast Michigan and the second in Central Michigan. Combined, these programs serve an additional 1,000 individuals through coordinated care resources that address their medical, social, and physical needs. In many senior living locations, service coordinators are available to assist residents with accessing services and planning assistance.