Senior Director Treasury

## Senior Director Treasury Apply:
McLean, VA - Community Support Office:
Full time:
Posted Today:
JR127235#
** Why Join Sunrise Senior Living
**** At Sunrise Senior Living, we believe meaningful work starts with purpose. Our team members are passionate about making a positive difference in the lives of residents every day.
** The Senior Director Treasury leads construction loan negotiations and public municipal bond issuance documentation for Sunrise Senior Living, the largest developer in senior housing and the largest premium senior housing operator. This role serves as the company's primary debt strategist, partnering with construction lenders, bond underwriters,bond counsel and rating agencies to structure and execute financing for the development and recapitalization of senior living communities as the company enters a period of accelerated growth.

** Essential Duties
** As a part of the Sunrise team, supporting our Mission, Principles of Service and Core Values is a fundamental part of this job. Our foundational belief is the sacred value of human life. The unique responsibilities for this role include but are not limited to the essential functions listed as follows:  
** Construction Loan Negotiations
*** Own end-to-end negotiation strategy for construction loans, credit facilities and construction-to-permanent financing supporting the development pipeline.
* Negotiate critical terms, including interest rates, loan draws and holdbacks, completion guarantees, construction covenants, permanent conversion mechanics, coverage tests, collateral and guarantees and default provisions.
* Evaluate competing lender proposals and recommend optimal financing structures based on cost, flexibility and construction risk allocation.
* Coordinate with Development, Finance, and Legal to validate construction budgets, schedules and occupancy assumptions.
* Monitor post-closing draw approvals, covenant compliance and permanent-phase readiness.  
** Municipal Bond Issuance Documentation
*** Lead preparation and negotiation of public municipal bond documentation for new construction muni-bonds on behalf of not-for-profit property owners, with Sunrise serving as project sponsor, developer, manager and owner of sub-bonds.
* Oversee the bond indenture (including construction fund provisions), official statement accuracy, bond purchase agreements, security documents and tax-exempt structure.
* Manage redlines and issue tracking across bond counsel, disclosure counsel, underwriters and internal teams.
* Ensure documentation reflects construction risks, completion requirements, occupancy ramp assumptions and stabilization triggers.
* Own continuing disclosure compliance throughout the issuance process and post-closing.  
** Construction-to-Permanent Conversion
*** Monitor construction-phase covenants and draw mechanics.
* Coordinate completion certification and conversion condition validation.
* Manage rate conversion, amortization reset and refinancing optionality.
* Lead the transition from construction lender to permanent debt structure, and/or facilitate a sale process to a buyer where Sunrise may also serve as a Joint Venture (JV) partner and continuing property manager.  
** Financial Modeling and Strategy
*** Model construction versus permanent loan alternatives and refinancing economics.
* Analyze debt service coverage sensitivities tied to occupancy ramp, construction timelines and rate scenarios.
* Provide executive recommendations on financing structure, timing and capital allocation.  
** Relationships and Coordination
*** Build strong internal relationships with Development, Mergers and Acquisitions (M&A), Asset Management, Legal and Accounting.
* Serve as the primary treasury contact for construction lenders, bond underwriters, and permanent loan partners on covenant compliance, amendments and refinancing opportunities.
* Coordinate with property owners and Limited Partner (LP) investors on debt and refinancing strategy, maintaining ongoing dialogue on debt management and refinancing readiness.
* Maintain compliance in assigned required training and all training required by state/province or other regulating authorities as applicable to this role to ensure that Sunrise standards are always met.
* Perform other duties as assigned.  
** Core Competencies**
* ** Construction Debt Mastery** — draws, holdbacks, completion guarantees, phase conversions, construction covenants
* ** Municipal Bond Documentation** — indentures, official statements, continuing…