Job Description

POSITION SUMMARY

The Asset Manager (Associate) supports the management of the Company’s portfolio with the goal of enhancing asset value and fostering strong relationships with external capital partners. This role manages internal and external performance reporting, supports strategic planning, and helps maintain effective communication with capital partners and investors. The Associate plays a key role in financial planning and analysis (FP&A), including driving the annual operational & capex budgeting processes. This individual will collaborate with internal stakeholders to help drive data-informed decisions and long-term value creation.

Position open to candidates located in any U.S. state, 20%-30% travel required. Typical work hours 8AM - 5PM.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The following duties are normal for this position. This list is not to be construed as exclusive or all inclusive. Other duties may be required and assigned.

• Develops and executes plans to enhance profitability, productivity, and efficiency to improve portfolio performance.
• Lead the annual operating and capital budget process for an assigned portfolio of senior living communities, partnering with regional operations to build ground-up forecasts grounded in benchmarking, market data, and historical performance trends.
• Develop data-driven revenue and expense guidelines using portfolio-scale benchmarking, moving away from run-rate budgeting toward statistically defensible performance targets.
• Continually investigates and introduces process improvement measures and presents suggestions to leadership for consideration.
• Develops and manages use of metrics and analytics with frequent interaction with our investors.
• Identify underperforming assets across the portfolio and lead structured performance improvement initiatives in collaboration with operations, clinical, and sales teams to drive occupancy recovery and margin expansion.
• Oversees the collaboration with operations leadership to define and operationalize key KPIs to build measurement and tracking tools to put data at the center of decision making.
• Monitoring asset performance and recommending corrective measures.
• Developing strategies to increase ROI and minimize risk factors and losses.
• Maintains strong knowledge of competition service offering.
• Leads cross-functional coordination activities to develop and maintain an accurate and complete asset information database used for reporting across the organization.
• Create, manage, and present Investor presentations and reports.
• Responsible for the effective supervision and administration to include budget preparation, monitoring expenditures, and succession planning.
• Assists in the recommendations for new processes and improvement opportunities to maximize revenues and operations team’s productivity.
• Maintains a thorough understanding of all relevant business data, and how that data is captured and stored
• Provide comprehensive and competitive analysis of different financial metrics and report to The Company and Investors.
• Participates in Operations management teams to provide input, assist with strategic planning, research, and special projects.
• Oversee the collaboration with Sales, HR, Marketing, Legal, and operations teams to help find ways to create cost-effective business processes that will attract new residents.
• Performs other duties as assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Educational Requirements and Experience :

• Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field.
• Minimum of 3–5 years of experience in asset management, finance, FP&A, or investor relations.
• Previous experience in the senior housing industry is required.

Knowledge, Skills and Abilities:

• Language Ability: 
  • Must possess excellent written and verbal communication skills utilizing the English language.
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. 
  • Ability to write reports, business correspondence, and procedure manuals.
  • Ability to effectively present information and respond to questions from groups of managers, investors, and the general public.
• Mathematical Skills:
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. 
  • Ability to compute rate, ratio, and percent and to draw and interpret graphs.
• Cognitive Demands:
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
  • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
• Computer Skills:
  • Ability to use Microsoft Windows, including Word and Excel.
  • Ability to use email and the Internet
• Competencies:
  • Supports organization's goals and values
  • Must demonstrate an interest in working with a senior population, with familiarity with all areas of department operations in senior housing
  • Must demonstrate knowledge of budgeting, investors, and capital partnership
  • Demonstrated leadership skills; provides leadership by exhibiting confidence in self and others; inspires and motivates others to perform well
  • Must be a self-starter, attentive to detail
  • Must possess excellent organizational skills
  • Must display strong team-working skills
  • Must demonstrate positive client service attitude
  • Must be able to work on multiple tasks and with frequent interruptions
  • Must demonstrate good judgment, problem solving and decision making skills. Able to make good decisions based upon a mix of analysis, wisdom, experience and judgment
  • Must be able to communicate effectively utilizing written/verbal communication skills

ENVIROMENTAL AVAILABILITY

• Frequent travel is required
• Works primarily indoors in a climate controlled setting

PHYSICAL REQUIREMENTS

The physical demands described below are representative of those that must be met by an individual to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the Team Member is regularly required to use hands to finger, handle, or feel and talk or hear. The Team Member is frequently required to sit and reach with hands and arms. The Team Member is occasionally required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl and taste or smell. The Team Member must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision and depth perception.

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