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The RMR Group · 3 days ago

Asset Manager/Senior Asset Manager (Senior Living)

Newton, MA

Full-time

Onsite

Mid, Senior Level

$125K/yr - $185K/yr

5+ years exp

The RMR Group is a leading U.S. alternative asset management company specializing in commercial real estate. The Senior Living Asset Manager will manage and optimize a nationwide portfolio of senior living assets, focusing on financial performance and strategic planning.

Asset ManagementReal EstateReal Estate Investment

Comp. & Benefits

Responsibilities

Collaborate with operating partners and asset management leaders to drive portfolio performance

Analyze and interpret monthly financials, including income, expenses, cash flow, and capital expenditures, to assess property performance against budget and benchmarks

Work closely with operating partners to address operational challenges and recommend strategies to enhance net operating income and return on investment

Develop and monitor long-term and short-term business plans with the Senior Living Asset Management team and operators to optimize performance

Evaluate and enhance revenue management, marketing, and sales processes with operating partners

Assess market trends, benchmarking, and competitive landscapes to support community-level performance with operating partners

Conduct review meetings with operating partners and summarize findings regularly

Conduct site tours to identify and address issues and opportunities in coordination with operating partners and update property valuations as part of annual business plan preparation

Attend market events and conferences

Demonstrate an understanding of management and lease agreements and other legal documents

Complete underwriting reviews for potential capital expenditures and renovation opportunities

Conduct detailed financial modeling and scenario analysis for potential acquisition, disposition, and operator transition

Prepare and present investment memos with recommendations for acquisitions, dispositions, and operator transitions for executive decision making

Manage the disposition, acquisition, or transition process, including broker selection, valuation analysis, and deal negotiations as required

Complete ad hoc analysis and special projects with the Senior Living Asset Management and REIT management teams

Qualification

Financial modelingAsset managementSenior living experienceMicrosoft ExcelNegotiation skillsCommunication skillsSelf-motivatedTime management

Required

Bachelor's degree in business, finance, economics, real estate or a related field

5+ years' experience, preferably in asset management, operations within senior living, M&A, accounting, and/or financial analysis, preferably in senior living or healthcare

Strong accounting/financial modeling and analytical skills supported by a high proficiency in Microsoft Excel, Word, and PowerPoint

Knowledge of senior living regulatory requirements and industry best practices

Experience analyzing operations, identifying opportunities, and driving profitability

Excellent written and oral communication skills

Strong negotiation and communication skills, with the ability to manage diverse stakeholders

Self-motivated, with the ability to work in a fast-paced, team-centered, results-driven environment

Ability to prioritize time between multiple projects with minimal supervision

Ability to deliver work in a timely and accurate manner, meeting deadlines and allowing time for next-level review

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life & Disability Insurance

Health Savings Account (HSA) & Flexible Spending Plans (FSA)

401(k) Plan with Employer Match

Holidays, Vacation & Sick Time

Parental Leave

Tuition Assistance

Matching Gift Program

Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance