Chief Financial Officer

Summary

Chief Financial Officer

Hebrew SeniorLife

The Opportunity:

AMN is honored to partner with Hebrew SeniorLife (HSL) in the recruitment of a new Chief Financial Officer (CFO). A national executive search is underway, as the current CFO plans to retire in September 2024. This is an amazing opportunity for a senior financial executive to serve as a member of a high performing, dynamic executive leadership team within an outstanding organization at a key time in its history, and to impact the future of this vibrant healthcare and senior living organization and the communities it serves. HSL is an innovative, mission-driven, Harvard Medical School affiliated organization with a stellar reputation that is dedicated to making a significant impact on the field of aging through research, healthcare, and senior living - all supported by a team of 2,400 amazing staff and hundreds of dedicated volunteers.

The Position:

• The Chief Financial Officer (CFO) is a key member of Hebrew SeniorLife’s leadership team and reports directly to the President/CEO, Dr. Steven Landers. The CFO is responsible for the development, interpretation, coordination, and administration of HSL’s policies for financial management, including planning, budgeting, capital formation, risk management, and operations.
• The CFO directs HSL’s strategic and operational financial planning, budgeting process, accounting and finance practices, financial risk assessment, forecasting and variance analysis; and is in charge of formulating, negotiating and executing parent and project level bond and bank financing, as well as any acquisitions, partnering or merger events. In this role the CFO works closely with the organization’s investment bankers, capital sources and outside attorneys in addition to HSL personnel.
• The CFO leads the development and implementation of financial reporting and analysis, ensuring that policies and procedures are consistent and in compliance with Generally Accepted Accounting Principles and in compliance with all regulatory requirements. He/she delivers timely, accurate, and reliable financial information to decision makers through efficient and effective financial systems and business processes, fosters effective stewardship of the finance function, and safeguards fiscal integrity through effective internal controls.

The Ideal Candidate:

• Master’s degree in business administration, finance, or related field.
• Certified Public Accountant is desirable, but not required.
• This position requires 15+ years of experience with 10+ in a leadership role in financial management, likely gained within a within a healthcare provider organization / health system (i.e., acute care, post-acute care, long term care, LTAC, home health).
• Experience with affordable housing is desirable given HSL’s service lines.
• Proven experience building an outstanding finance function and team, as well as helping to instill tools, processes and culture supporting system-wide integration and accountable financial stewardship.
• Strong knowledge of financial accounting, auditing methods, and financial systems management.
• Knowledge and experience in treasury and capital market activities, including debt issuance, banking relationships, and rating agency interactions.
• Track record in healthcare finance, including hospital reimbursement (i.e., Medicaid, Medicare, Medicare Advantage, Commercial), revenue cycle management, managed care contracting, financial planning and analysis, operational finance, and compliance is strongly preferred.
• Senior leadership experience in multi-site organization with diverse business lines is strongly preferred.
• Must have experience partnering with a non-profit Board and presenting complex financial information at an executive level.
• Prior experience in an academic medical and / or research setting is desirable.
• Candidates from either for-profit or non-profit environments are encouraged to apply.
• Must have a strong command of financial principles and experience within diverse, complex organizations.

The Organization:

Hebrew SeniorLife (HSL) is a $265M nationally recognized leader in compassionate, innovative, high quality senior services. The vision of HSL is to redefine the experience of aging: by reimagining senior living, redefining senior health care, and rediscovering every senior’s potential through teaching and research. Hebrew SeniorLife (HSL), an affiliate of Harvard Medical School, is a unique and comprehensive system of senior living and healthcare services care across multiple campuses. Dedicated to rethinking, researching and redefining aging, HSL serves thousands of seniors in the Greater Boston area and is home to the only long-term chronic care teaching hospital in the United States. HSL also conducts influential research into aging at the Hinda and Arthur Marcus Institute for Aging Research, a renowned research center that has discovered innovative treatments and proven best practices to help all seniors live longer, be more active, and have more fulfilling lives. The Marcus Institute has a portfolio of more than $85 million, making it the largest gerontological research facility in the U.S. in a clinical setting. Additionally, there are more than 1,000 students rotating at HSL each year. This Harvard Medical School-affiliated, non-profit, mission-driven organization was founded in 1903 in the Dorchester neighborhood of Boston in the spirit of the Jewish tradition to honor elders and care for the most vulnerable. Since then, HSL has evolved and grown to meet the changing needs and expectations of seniors and their families, offering a breadth of services to seniors of all religions, cultures, races, socioeconomic backgrounds, sexual orientations, and gender expressions. Through HSL’s continuum of health care and senior living services, HSL has established a record of long-term excellence and today serves more than 4,500 seniors in greater Boston every day.

The Location:

Incorporated in 1630, Boston is one of America’s oldest cities with a rich economic and social history. As the economic and cultural hub of New England, the city is home to nearly 590,000 residents. The Greater Boston region is a unique mix of historic culture and modern change. A vibrant and diverse business sector, prestigious colleges and universities, unrivaled hospitals, world-renowned museums, professional sports organizations, rich history, and close proximity to the beaches of Cape Cod and the White and Green Mountains are just some of the characteristics that define Greater Boston. Tourism has developed into a leading industry with more than 12 million visitors to the region each year. For further information on Boston, visit

Please direct all inquiries, applications, and referrals to:

Richard Heishman

@

About AMN Leadership Solutions, Executive and Physician Leadership Search

AMN Leadership Solutions, Executive and Physician Leadership Search, is a retained executive search firm serving the healthcare and life sciences industries. Ranked as one of the top healthcare recruiting firms in the country, AMN Leadership Solutions, is known for leading healthcare into the future by its growing base of clients across the country, drawing on a national pool of candidates.

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