Manager, Asset Management (East Coast) - Sunrise Senior Living

Sunrise Senior Living was again certified as a Great Place to Work® by Activated Insights. This is the 7th time Sunrise has received this top culture and workplace designation, highlighting the special place Sunrise is to be a part of.

COMMUNITY NAME

Job ID

JOB OVERVIEW

The Manager of Asset Management is critical to creating value across our operating and development portfolios, helping to both set and execute strategic and operational initiatives that maximize returns on their assigned portfolio assets.  This will be achieved by understanding and managing analysis related to both our Property Owners and Operating teams (including departments across our Community Support Office and the field), utilizing strong analytical skills and insights to identify issues and opportunities and working with the VP of Asset Management to develop and execute action plans.  Will also support the growth of the Sunrise business by helping to underwrite new acquisitions, investments, and redevelopments. 

As a member of our Asset Management Team, this role is a high-potential individual with a desire to drive results while living our values to achieve our mission “to champion quality of life for all seniors”. 

RESPONSIBILITIES & QUALIFICATIONS

Leadership 

• Partner with the CSO and Operations leadership and other departments’ analysts (including FP&A, Operations, and Development) to develop and share the strategy and vision for assets in their assigned portfolio 

• Manage a team of financial analysts.  Coach, train, mentor, and provide insights to other analysts and operational leaders across the organization 

• Visit communities and share best practices across the business, with a specific focus on improving operational results 

Property Owner/Investor Relations 

• Cultivate and maintain strong relationships with members of Property Owners’ Asset Management teams 

• Review and analyze operating results.  Present results to Property Owner asset management and senior executive leadership teams 

• Develop and present investment opportunities for capital partner approval such as redevelopments, unit conversions, or strategic repositioning of assets 

• Ensure compliance with management agreements by tracking, forecasting, and communicating results of performance tests and delivering required reporting 

• Develop an understanding of the core drivers of our business, objectively analyzing performance, and explain “what is really happening” while partnering with VP to develop and execute the clear actions required to drive stronger performance

Grow NOI and Property Value  

• Drive the budget and strategic business plan process for assigned portfolio of assets 

• Identify and execute areas for operational improvement and other opportunities across the portfolio, while forming cross-functional teams to execute initiatives and evaluating their subsequent performance 

• Partner with VP to drive core corporate processes such as strategic plans, rate setting, sales initiatives, operating model enhancements, and M&A transactions 

• Proactively drive priorities and analytics related to community NOI perspective: 

• Drive RevPAR across the portfolio by optimizing market room and care rates 

• Ensure labor costs are managed effectively, reviewing how to optimize labor expenditures and utilization 

• Benchmark other costs and ensure effective management of margins, and identify opportunities for improvement on specific assets 

• Partner with operations to analyze proposed renovation/repositioning programs for aging and underperforming assets 

• Understand Sunrise’s Corporate EBITDA and relationship to Community EBITDA, and assist in maximizing long-term value for both Property Owners and Sunrise Corporate  

Grow Sunrise Portfolio 

• Analyze potential acquisitions of new management contracts or portfolios of assets.   

• Prepare and present investment underwriting and M&A models to senior Sunrise management and potential investors. 

• Assist in negotiating purchase agreements and management contracts 

• Assist in creating, implementing, and monitoring acquisition strategies such as up-front capex investments, labor model reductions/enhancements, and unit repricing to ensure a successful transition to Sunrise management, including acquisitions/dispositions by Property Owners 

Strategy - Analysis and Execution 

• Monitor key initiatives across the industry (competitors and investors), and evaluate opportunities for Sunrise, specifically presenting results to leadership 

• Utilize common framework on strategy execution for various types of assets, and work with operational leadership to assess which strategies will be most effective for individual assets and subsequently monitor performance 

• Develop strategy presentation materials for each asset and align individual communities’ leadership with approved strategy for the community, identify and coach individual team members on their specific responsibilities/tasks required to achieve the community’s strategy 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed throughout this job description are representative of the knowledge, skills, and abilities required.  

• Undergraduate degree in finance, accounting or real estate required, with post-graduate degree preferred 

• Minimum of 3-5 years of finance or asset management experience, with significant operations exposure 

• Knowledge and experience in several of the following areas is strongly preferred: 

• Real Estate ownership/management 

• Finance and M&A 

• Senior Housing 

• Investor Relations 

• Operations Management 

• Strong communication skills, able to interact and lead both financial and operations professions, including internal and external teams  

• Ability to simultaneously work on multiple key business workstreams, including M&A transactions, planning activities, pricing and reporting, while reviewing results across the business 

• Advanced project management skills in planning, coordinating, prioritizing, and solving complex problems 

• Entrepreneurial – taking a high degree of ownership over our assets and driving stronger investment returns across our platform for our Ownership and Property Owners 

• Collaborative and influential business partner with Operational, Financial, and Investment leadership across the company, and a team player who can collaborate across the organization 

• Advanced analytics skills that identify specific actions to implement into our business 

• Advanced skills in building and updating complex financial models 

• Expert user of excel, with exposure to PowerBI and other planning systems strongly preferred 

• Travel across North America to communities is required, and DC area residents are required

ABOUT SUNRISE

Sunrise Senior Living has championed quality of life in senior care for more than 30 years. We believe team members are our greatest resource and are looking for people who share our commitment to provide quality care for seniors and their families. It's no surprise that many of the world's leading experts in Senior Living entrust their career to Sunrise.

At Sunrise, you will…

Make a Difference Every Day

We are passionate about our mission — to champion quality of life for all seniors. We deliver high-quality care with a personal touch and encourage our residents to enjoy life to the fullest.

Be Part of a Uniquely Supportive Community

The care-focused environment we create for residents extends to our team members. We offer programs, rewards, and benefits to help you live your best.

Ignite Your Potential

We believe potential has no limits. We offer best-in-class leadership development programs designed to grow our leaders. We are committed to helping our team members achieve their career goals.

We also offer benefits and other compensation that include:

• Medical, Dental, Vision, Life, and Disability Plans
• Retirement Savings Plans
• Employee Assistant Program / Discount Program
• Paid time off (PTO), sick time, and holiday pay
• Daily Pay offered to get paid within hours of a shift (offered in the U.S. only)
• Tuition Reimbursement
• In addition to base compensation, Sunrise may offer discretionary and/or non-discretionary bonuses. The eligibility to receive such a bonus will depend on the employee’s position, plan/program offered by Sunrise at the time, and required performance pursuant to the plan/program.
• Some benefits have eligibility requirements

Apply today to learn why Sunrise Senior Living is a certified Great Place to Work®

PRE-EMPLOYMENT REQUIREMENTS

Sunrise considers the health and safety of its residents, family members, and team members to be one of its highest priorities. Employment with Sunrise is conditioned on completing and passing a drug test (which does not include marijuana), participating in testing requirements (e.g. Tuberculosis Test, Physical Evaluation). Covid-19 and Influenza vaccination is only required to the extent mandated by applicable federal, state, and local laws and authorities.

COMPENSATION DISCLAIMER

Selected candidates will be offered competitive compensation based on geographic location of community/office, skills, experience, qualifications, and certifications/licenses (where applicable).