Lifespace Communities, Inc. is the 11th largest not-for profit provider of senior housing and services in the U.S. These organizations are commonly referred to as Continuing Care Retirement Communities or CCRCs; they offer residential congregate living, with assisted living and health centers [licensed skilled nursing programs] available on the same campus for those residents who may eventually require such health services. While mission driven, Lifespace operates like a for- profit. Founded in 1976 by a Des Moines entrepreneur with the mission of “creating communities celebrating the lives of seniors, it has 12 campuses in seven states serving nearly 5,000 resident seniors. The pending acquisition of Senior Quality Lifestyles Corp, if successful, will extend operations into Texas and add 5 campuses, moving forward towards its stated goal of serving 10,000 residents in its communities by the year 2027.
Lifespace has supported a strong financial operations model, having grown to nearly $900 million in assets, with diversified operating revenues exceeding $250 million; and a net operating margin exceeding six  percent the past several years. Lifespace has maintained an investment grade rating, evidenced in part by a very solid cash and near cash position of approximately $150 million.
Reporting directly to the President/CEO, the SVP/CFO will be responsible for providing leadership, vision and direction of the fiscal functions of the organization. This includes financial policies, procedures, controls and reporting systems and overseeing the general accounting, accounts payable/receivables systems. S/he will be actively involved in and leading corporate and community mergers and acquisitions, strategic planning, budgeting and tax-exempt debt financing.
BA/BS degree is required. Master’s degree and CPA preferred. Must have 5 to 10 years of progressive experience in similarly complex environments and managing sophisticated finance functions including M&A while reporting to a dynamic, results yet mission driven a CEO and Board of Directors.
This is an excellent opportunity for an exceptionally talented financial leader with a servant leader’s heart who aspires to be CEO and carry out the Lifespace mission
For referrals or to submit a resume and cover letter, please contact: Kim Walker at LifespaceCFO@divsearch.com. All expressions of interest are confidential.