JENNIFER ANDERSON
Yonkers,New York
Summary
Financial and Accounting Executive and Business Consultant with proven experience in business development, from startup to $600m in annual revenues. Known for excellent recruiting, hiring and managing high-performance teams. Experienced in finance and accounting, operations, compliance and restricted fund management. Dedicated professional familiar with financial decision making and company-wide policy development. Talent for overcoming operational issues and driving proactive improvements. Offering 25 years' experience in financial leadership.
Overview
21
21
years of professional experience
Work History
Independent Accounting and Finance Consultant
Self
New York, NY
01.2017 - Current
- Annual financial audit preparation, all required work papers and completion of GAAP compliant financial statements with all required disclosures
- Restricted grant management including federal, state, donor advised funds and foundations- Implementation of 2 CFR 200 policy requirements, SF425,
- Fiscal Sponsorship – general ledger accounting and financial statements
- Preparation of cost reports and Consolidated Fiscal Reports (CFRS)
- Implementation and timing improvement of general ledger monthly close including analysis of all trial balance accounts
- Development of budgets, variances and forecasts
- 990 and 5500 reporting
- Performed Revenue cycle management
Chief Financial Officer
C.F.O KENDAL ON HUDSON
Sleepy Hollow, NY
01.2004 - 01.2017
- Not-for-Profit Continuing Care Retirement Community with multiple healthcare levels
- Responsible for start-up and financial operation of 222-unit continuing care retirement community, inclusive of skilled nursing, assisted living, memory care, home care, wellness centers and outpatient therapy programs
- Recruited, hired, and trained finance and IT department staff
- Member of risk management and compliance committees
- Collaborated with CEO, executive team, board and residents to develop and monitor five-year strategic plans
- Prepared, monitored, and managed annual operating and capital budgets, as well as long-term business models (10 years) to test actuarially funded status
- Reviewed and reported on monthly GAAP compliant financial statements
- Implemented solutions to operational variances negatively impacting operations
- Coordinated and reported at Investment, Audit and Finance Committee meetings as well as active participation in full Board meetings
- Managed and restructured long-term debt (CCRC revenue bonds) with focus on minimizing cost of funds and interest rate risk
- Successfully completed bond financing and refinancing for three separate transactions totaling $130 million dollars
- Experience with advance refundings, swaps, letters of credit, variable and fixed rate bond transactions and related debt covenants
- Generated RFPs and selection of portfolio investment bankers
- Implementation of investment strategy aligned with long term financial obligations and goals
- Oversight of investments of $70M in unrestricted and restricted accounts
- Chaired NYAHSA Reg 140 workgroups charged with revision of investment regulations for CCRCs
- Modeled and assessed viability of new lines of business
- Presenter at NY Leading Age Spring Conference and National Leading Age Conferences
- ACCOMPLISHMENTS
- Refinancing of $70m in Tax Exempt debt resulted in lowering of long-term interest rate from 6.5% to 4.2%
- Presented to Westchester County IDA and Local County IDA for authority to issue bonds
- Achieved 12 Fiscal audits without adjusting entries or control deficiencies requiring management letter by auditors in any year (grant Thornton & E&Y)
- Significantly involved with preparing for requirements of initial CARF accreditation
- Presented to potential creditors to raise $24m in long term fixed income bonds to fund new construction
- Created dashboard reporting of financial and operating metrics comparing Kendal to industry standards for Board of Directors
- Collaborated with executive team to develop zero based operating budgets resulting in consistent monthly department variance justification reports and overall departmental accountability for budget results
Controller
Cardinal COOKE Healthcare Center
New York, NY
01.2002 - 10.2004
- Long-Term care facility providing compassionate medical care to adults and children
- Responsible for GL Accounting, Accounts Payable, Purchasing, Budget, and Payroll staff (in-house payroll), total staff of 18 for 723-bed, long-term care facility with operating budget of $120M
- Reimbursed by Medicaid and Medicare A&B for skilled nursing, rehabilitative inpatient skilled care, outpatient physical, occupational and speech therapy, HIV, Huntington’s Disease, and a Children’s Hospital for the terminally ill all with differing reimbursement methodologies, rate strategies and regulations
- Timely and accurate completion and presentation of monthly, quarterly, and annual financial statements along with presentation d to Board of Directors
- Managed operating cashflow and banking relationships
- Created audit analysis workbooks and managed annual financial audits for Incarnation Children’s’ Center
- Medicaid, Medicare, Consolidated Fiscal Reports, 990s
Education
Bachelor of Science - Accounting
Mercy College
Dobbs Ferry, NY 05.1995 - 05.2022
Master of Science - Finance
Fordham University
The Bronx, NY 09.2015 - 05.2017
Skills
Budget development
Staff Management
Financial statements expertise
Documentation requirements
Reporting expertise
Infrastructure development
Consulting
Budgeting
Business Development
Teambuilding
Interpersonal Communication
Financial Management
Strategic planning
Quantitative analysis
Operational decision making
Timeline
Independent Accounting and Finance Consultant
Self
01.2017 - Current
Master of Science - Finance
Fordham University
09.2015 - 05.2017
Chief Financial Officer
C.F.O KENDAL ON HUDSON
01.2004 - 01.2017
Controller
Cardinal COOKE Healthcare Center
01.2002 - 10.2004
Bachelor of Science - Accounting
Mercy College
05.1995 - 05.2022