The Asbury Communities Finance Team provides system-wide centralized services for financial reporting, resident billing and collections, accounts payable and payroll. We partner with each community to consult on financial management issues and educate staff on accounting policies and procedures, while also working with operations leadership to set performance goals and provide the financial tools necessary to measure success. We electronically deliver accurate and timely financial data to the user’s desktop, enabling managers to provide top quality senior services in a financially responsible environment.

The Finance Team is committed to helping Asbury Communities grow by ensuring that resources are protected and maximized. We strive to continually improve the service we provide by soliciting feedback from our partners. Examples of our services include:

• System-wide treasury management
• Operating and Capital Budgeting
• Capital Planning, Tracking and Reporting
• Operational reporting tools to manage FTEs, Budgets and Census
• Cash Flow Reporting and Review
• Internal Controls Review and Testing
• System-wide payroll processing under common paymaster
• Centralized Accounts Payable
• Comprehensive billing manuals and policy
• Training, review and on-site assistance with billing or other financial policies
• Electronic and credit card payment options for resident billing

Finance Department Leadership

	Michael J. Connell, CPA, Chief Financial Officer A certified public accountant, Michael J. Connell has worked within the senior living industry for 14 years in financial planning and management roles. He is responsible for the overall financial strength of Asbury Communities, and measures program and financial performance to achieve desirable results while ensuring the integrity of the financial information needed for strategic decision making by the Board. His duties include planning, implementation, coordination, and maintenance of the computerized accounting records for the entire Asbury System. Prior to joining Asbury Communities early in 2007, Mr. Connell served as the Chief Financial Officer (CFO) for Ingleside Presbyterian Retirement Community, Inc. in Washington, D.C., overseeing the finance and accounting functions for the long-term care retirement community and its foundation. He previously served as the Director of Finance & CFO with Lourdes-Noreen McKeen Residence for Geriatric Care, Inc. in West Palm Beach, Florida, and also has years of experience as a former healthcare auditor for Ernst & Young LLP. Mr. Connell is a member of the American Institute of Certified Public Accountants and the Healthcare Financial Management Association. He holds a Bachelor’s degree in Accounting from College of Saint Rose in Albany, New York.
	Kim Ehrenfried, CPA, Controller A certified public accountant, Kim has 16 years experience in accounting and management. She is currently responsible for reviewing and evaluating the financial position and performance for the entire Asbury Communities system, maintaining accounting policies and procedures, coordinating the monthly financial close process and facilitating the annual independent audit. Prior to joining Asbury Communities in the fall of 2007, Kim served as Manager, Technical Accounting & Reporting with MedImmune, Inc. where she assisted in the preparation and filing of press releases and financial statements. She previously served as the Controller with Wolters Kluwer, Law & Business, a legal publishing company, for seven years and also has six years experience as a former auditor for KPMG LLP. Kim is a member of the American Institute of Certified Public Accountants. She holds a Bachelor of Science degree in Accounting from Virginia Polytechnic Institute and State University.
	Gregory Jackson, Director of Financial Reporting Gregory Jackson has more than 13 years of experience in accounting and financial-related positions. He is currently responsible for maintaining Asbury Communities’ accounting policies and procedures, coordinating the monthly financial close process, reporting investment performance, generating monthly financial statements, and coordinating the interim and year-end audits. He served as an Accountant and a Quality Consultant (“Six Sigma Champion”) in process improvement teams for GE Capital prior to joining Asbury Communities in 2000. Mr. Jackson earned a Bachelor of Science degree in Accounting from Fayetteville State University.