Jefferson’s Ferry’s Brian Amtmann Named as Top Financial Executive on Long Island
S. SETAUKET, NY–Jefferson’s Ferry Life Plan Community CFO Brian Amtmann has been recognized as one of Long Island’s top financial executives by the business weekly Long Island Business News.
Amtmann, who joined Jefferson’s Ferry in 2015, has significantly contributed to cost reductions at the continuing care retirement community while maintaining the high standards residents expect and the compensation packages that help attract and retain top employees.
“Brian is vigilant in cost cutting measures that have a huge impact on our budgets, but not on the high quality of our programs and services,” said Robert E. Caulfield, president and CEO at Jefferson’s Ferry. “He has significantly reduced our expenses for insurance and accounting fees, for example, and through his efforts, Jefferson’s Ferry earned an upgraded BBB+ bond credit rating with Fitch Ratings which helped in refinancing our corporation’s outstanding bonds to a lower interest rate.”
Amtmann has a strong background in analysis, accounting, reporting, audit and tax and the financial management of continuing care and other types of retirement communities. As CFO, he manages many of the components integral to running a not for profit Life Plan Community; operations, strategic planning, finance, fund raising and the formulation and implementation of initiatives, policies and procedures. Amtmann has improved Jefferson’s Ferry’s financial performance in industry financial ratios every year over the past 3 years.
During his tenure, Jefferson’s Ferry residents have received their lowest monthly fee increase (less than 3 percent) since the Life Plan Community opened in 2001. Adjusted annually, this fee provides the financial resources to fund all the services and amenities residences enjoy–health services, utilities, household maintenance, dining options, entertainment, and educational and social programs.
Prior to joining Jefferson’s Ferry, Amtmann was director of financial reporting/controller at Westminster Ingleside Retirement Communities, which currently operates three CCRCs, a foundation, development company and a management company close to Washington, D.C. A certified public accountant, he earned a bachelor’s degree in accounting from the University of Maryland, College Park. A Chesapeake Bay area native, he lives with his family in Port Jefferson.