Associate Asset Manager

Overview

The Associate Asset Manager, Senior Living, will be a key member of the Senior Living Asset Management team, providing financial, operational, and analytical support for a nationwide senior housing operating portfolio (SHOP) of senior living communities managed by third-party operators. The Associate Asset Manager will support the team’s objective of maximizing asset value and investment performance through active monitoring of community operations, financial performance, labor, capital investment, market trends, and operator execution.

The position will work closely with Senior Living Asset Managers and operating partners to evaluate community performance, identify operational and financial trends, and develop actionable recommendations to grow revenue, manage labor and operating costs, increase net operating income, and enhance overall asset value. Responsibilities will include analyzing financial results and forecasts, monitoring occupancy, revenue, and labor performance, evaluating operating expenses and capital investment, conducting market and competitive analysis, and supporting annual budgets and business planning.

The Associate Asset Manager will also support acquisitions, dispositions, operator transitions, capital investments, and other strategic initiatives. The position is intended to develop broad knowledge of senior living operations and real estate investment while progressively assuming greater responsibility for assigned assets and operator relationships.

Portfolio Performance & Financial Analysis

• Analyze monthly community financial statements and operating reports, including revenue, labor and other operating expenses, NOI, cash flow, and capital expenditures, to assess performance against budget, prior year, and market benchmarks.
• Support the development, review, and monitoring of annual operator budgets, periodic reforecasts, and short-term and long-term business plans for assigned communities.
• Review community forecasts and evaluate underlying assumptions related to occupancy, rate, revenue, labor, operating expenses, capital investment, and net operating income.
• Monitor labor performance, including labor cost and hours per occupied unit, and agency/contract labor usage, and assist in evaluating operator staffing models and wage positioning.
• Track state survey results, licensure status, resident and family satisfaction, and risk and incident trends for assigned communities.
• Assist in monitoring operator compliance with management agreements, including performance tests, management and incentive fee calculations, and reporting requirements.
• Participate in regular performance review meetings with operators and prepare summaries of findings, action items, and follow-up.
• Conduct financial modeling, sensitivity analysis, and scenario analysis to support asset management decisions.
• Assist with community valuation analysis and annual business plan preparation.
• Evaluate the financial impact and expected return associated with proposed operational initiatives, capital projects, and other asset strategies.
• Ensure accurate and timely preparation of recurring monthly, quarterly, and annual reporting.
• Document, organize, and maintain current knowledge of the strategy, performance, risks, opportunities, and key initiatives for assigned assets.

Revenue, Sales, Marketing & Market Analysis

• Monitor occupancy, rate growth, RevPOR, move-ins, move-outs, lead generation, lead-to-tour and tour-to-move-in conversion, and other relevant sales and marketing performance indicators.
• Assist in evaluating operator pricing, rate increases, care-level billing, revenue management, sales, and marketing strategies and their impact on community performance.
• Conduct market research to assess demographic trends, competitive supply, market positioning, pricing, and other factors affecting community performance.
• Benchmark community performance against relevant competitors, NIC MAP and other market data, historical results, budgets, and internal portfolio benchmarks.
• Identify market or competitive trends that pose risks or opportunities for assigned communities.

Capital Planning & Reporting

• Assist in reviewing capital expenditures, renovations, and other asset improvement initiatives.
• Evaluate capital requirements in the context of community operating performance, competitive positioning, asset condition, and expected investment returns.
• Track approved capital projects, expenditures, schedules, and expected financial benefits,…