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 NAMECommunity Support Office2024-217260JOB OVERVIEWThe 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 beachievedby understanding and managing analysis related to both our Property Owners and Operating teams (including departments across our Community Support Office and the field),utilizingstrong analytical skills and insights toidentifyissues and opportunities and working with the VP of Asset Management to develop and execute action plans. Will alsosupport the growth of the Sunrise business by helping to underwrite new acquisitions, investments, and redevelopments.As amember 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 & QUALIFICATIONSResponsibilities: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 andmaintainstrong 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 actionsrequiredto drive stronger performance
Grow NOI and Property Value
Drive the budget and strategic business plan process for assigned portfolio of assets
Identifyand execute areas for operational improvement and other opportunities across the portfolio, while forming cross-functional teams to execute initiatives and evaluating theirsubsequentperformance
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 byoptimizingmarket room and care rates
Ensure labor costs are managed effectively, reviewing how tooptimizelabor expenditures andutilization
Benchmark other costs and ensure effective management of margins, andidentifyopportunities 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, andassistin 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.
Assistin negotiating purchase agreements and management contracts
Assistin creating, implementing, andmonitoringacquisition strategies such asup-frontcapex 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 forvarious typesof assets, and work with operational leadership to assess which strategies will be most effective for individual assets andsubsequentlymonitorperformance
Develop strategy presentation materials for each asset and align individual communities’ leadership with approved strategy for the community,identifyand coach individual team members on their specific responsibilities/tasksrequiredto achieve the community’s strategy
Qualifications: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 abilitiesrequired.
Undergraduate degree in finance, accounting or real estaterequired, with post-graduate degree preferred
Minimum of3-5years 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 communicationskills, 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,pricingandreporting, 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 thatidentifyspecific actions to implement into our business
Advanced skills in building and updating complex financial models
Expert user of excel, with exposure toPowerBIand other planning systems strongly preferred
Travel across North America to communities isrequired, and DC area residents arerequired
ABOUT SUNRISESunrise 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 DayWe 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 CommunityThe care-focused environment we create for residents extends to our team members. We offer programs, rewards, and benefits to help you live your best.I gnite Your PotentialWe 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.Apply today to learn why Sunrise Senior Living is a certified Great Place to Work®PRE-EMPLOYMENT REQUIREMENTSSunrise 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 DISCLAIMERSelected candidates will be offered competitive compensation based on geographic location of community/office, skills, experience, qualifications, and certifications/licenses (where applicable).Location : Name Community Support OfficeType Full-TimeLocation : Address 7902 Westpark DrLocation : City McLeanLocation : State/Province (Full Name) VirginiaSalary Range USD $135,000.00 - USD $170,000.00 /Yr.Sunrise Senior Living is an Equal Opportunity Employer.
