Job Description

The Asset Manager supports SNH’s objectives of enhancing asset value through product positioning, maximizing revenue, cost effective operations, and increasing net operating income and resident service guidance. Emphasis is placed on interacting with SNH senior management and senior living community operators for the purpose of protecting SNH’s investment in the assets. As an integral member of the Company, the candidate must interact in a thoughtful and collaborative manner with community level and corporate management and exemplify the highest standards of honesty, respect, integrity, and discretion. Senior Housing Properties Trust (NYSE: SNH) is a real estate investment trust which owns senior living communities, medical office buildings and wellness centers located throughout the United States.

Responsibilities

Perform regular analysis and interpretation of senior living community operating results and performance versus their business plan including understanding demand generators, revenue management data, and financial reporting to assess the performance of each location and assist in developing short and long-term strategies to improve performance where needed.
Conduct on-site property inspections and identify deficiencies in property condition, cleanliness, and service levels.
Ensure accurate and timely preparation and delivery of standard monthly and quarterly reporting.
Develop benchmarking systems to drive best practices and operating results.
Keep current on market factors that impact the positioning and performance of assigned senior living communities. Maintain up-to-date knowledge of factors such as demographics and changes in supply and demand.
Ensure compliance with management and other agreements.
Review and analyze annual operating budgets, business plans and quarterly reporting. Assist SNH Management with understanding factors impacting monthly, quarterly and annual reporting.
Work collaboratively with SNH’s executive leadership team with respect to ongoing communications and development of senior living strategic plans.
Document and communicate regularly regarding the performance of the assigned assets and/or portfolio performance.

Requirements

Bachelor’s degree required with preferred course of study in healthcare, hospitality, real estate, finance, or business administration. MBA preferred, but not required.
Combined 10+ years of senior living operations and asset management experience preferred.
Knowledge of market, feasibility analysis, and financial structures. Familiarity and knowledge of legal documents including management agreements, tenant leases, easements and eminent domain proceedings.
Strong working knowledge of property-level financial statements and the ability to understand complex pro forma models.
Familiarity with capital expenditures and improvements.
The ability to organize and effectively implement asset management procedures, as well as have the ability to reconcile perspectives and priorities associated with senior living community ownership, senior living community operation, and brand position.
Excellent verbal and written communication skills.
Self-motivated, detail-oriented, well-organized, and results-driven professional.
Ability to excel in a fast-paced, team-centered and results-driven environment.
Positive, creative, innovative approach to problem solving and the ability to exercise judgment and discretion.
Strong Microsoft-based computer skills with Word, Excel, PowerPoint and Outlook.
The ability to meet the national travel requirement of approximately 30%.