Brookdale · 3 weeks ago
Director of Financial Services/Business Office
Vernon Hills, IL
Full-time
Onsite
Lead/Staff, Director/Executive
5+ years expBrookdale is recognized as one of America's Greatest Workplaces for Diversity, dedicated to making lives better. They are seeking a Director of Financial Services/Business Office to manage the community's budget and financial operations, ensuring compliance with corporate policies and providing financial insights to support decision-making.
Elder CareFacility ManagementHealth CareHospital
Responsibilities
Under administrative direction, manages the community’s budget and financial operations
Manages the forecasting, analysis, and reconciliation of the annual budget process for assigned community(s). Distributes and communicates corporate templates and information requests from corporate to department heads, and meets to obtain and discuss budget proposals for the coming year. Applies financial models, evaluates forecasted numbers, and obtains explanations and justifications from department heads relating to significant increases and decreases from previous periods. Partners with department heads to scrutinize planning based upon prior activity, occupancy levels, financial models, etc. Conducts cost/benefit analysis for proposed spending
Incorporates corporate NOI expectations into budget planning. Identifies and discusses potential enhancements and obstacles in meeting expected numbers
Meets with Executive Director (ED) to discuss and resolve budget issues concerning departments’ forecasting and planned spending. Presents issues and organizes meetings with ED and department heads to formulate analysis and confirm facts
Critically reviews capital expense requests (CER). Discusses justifications and priorities with department heads and Executive Director. Follows corporate purchasing guidelines and tracks approved capital spending. Finalizes numbers with ED and prepares Power Point presentation for Business Plan Review with guidance from ED. Provides justifications and effectively communicates needs
Communicates finalized budget numbers to department heads and educates regarding meaning
Monitors budget expenses throughout the year. Routinely distributes reports and meets with Department heads to discuss financial performance and ensure integrity of data. Reconciles plan variances. Provides solutions and suggests corrective financial and operational action to department heads and ED. Alerts ED regarding anticipated difficulties in meeting NOI targets. Obtains ED’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 ED. 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
Supervises Business Office staff and operations in the processing of payroll, invoices and receipt of payments from residents. Ensures that corporate policies and procedures relating to cash, 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 ED 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 ED regarding coordination of construction phases with operational requirements
Qualification
Required
Bachelor's degree in accounting, management, business, or related field; or equivalent combination of education, training, and experience
Minimum of five years of progressive accounting experience for an operations center within a large multi-facility corporation
Prior experience in the health care industry and professional certifications are preferred
Prior supervisory experience is a plus
Additional 2 years of accounting experience that includes Medicare processing and rules and regulations for communities with skilled nursing facilities
Prior experience that includes extensive knowledge of the financial implications and the state insurance rules and regulations governing Entry Fee communities and similar arrangements
Possesses extensive knowledge of a distinct skill or function and a thorough understanding of the organization and work environment
Has working knowledge of a functional discipline
Excellent written and oral communication skills are essential
Windows environment computer skills are required (Microsoft Word, Excel, etc., preferred)
Effective organizational skills are a must
Comprehensive knowledge of accounting principles and practices including the concepts of financial modeling, budget preparation, administration, and proper cash handling procedures
Benefits
Medical, Dental, Vision insurance
401(k)
Associate assistance program
Employee discounts
Referral program
Early access to earned wages for hourly associates (outside of CA)
Optional voluntary benefits including ID theft protection and pet insurance
Paid Time Off
Paid holidays
Company provided life insurance
Adoption benefit
Disability (short and long term)
Flexible Spending Accounts
Health Savings Account
Optional life and dependent life insurance
Optional voluntary benefits including accident, critical illness and hospital indemnity Insurance, and legal plan
Tuition reimbursement
Company
Brookdale
Relationships are the heart of our culture. They help us create a sense of family among our residents, associates and patients. Integrity is our soul.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$800MKey Investors
Capital OneCapital One VenturesFosun International
2025-12-01Post Ipo Debt· $600M
2024-12-23Post Ipo Debt
2021-12-21Post Ipo Debt· $100M
Leadership Team
Lucinda "Cindy" Baier
President, CEO and Member Board of Directors
Dawn Kussow
Chief Financial Officer
Recent News
2026-01-13
PR Newswire
2026-01-12
Company data provided by crunchbase