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Asset Manager

Posted about 1 month ago

The Asset Manager will report to Managing Director, Acquisitions & Asset Management.

Job Overview The Asset Manager will analyze and report on facility, tenant, and market level financial performance for a portfolio of ~200 properties, primarily skilled nursing facilities, including identifying trends and presenting to senior management regularly on the state of the portfolio.

Other responsibilities include acting as the primary point of contact for tenants regarding market and financial performance issues, billing, lease/loan and covenant compliance, as well as regularly supporting senior management with adhoc and valuation analyses. Opportunity for limited travel to visit facilities will be available.

Responsibilities and Duties
Tenant Performance Analysis and Reporting:
Review internal financial reports on a monthly basis, identifying any trends that require research, following up with tenants when additional information is required, and reconciling internal reporting to source data where needed
Understand the competitive healthcare environment and long term prospects of each property
Become familiar with Medicare and Medicaid reimbursement environments and potential regulatory changes
Be the main point of contact with the tenants' management teams and uphold communications to maintain positive working relationship between company and tenant
Manage ongoing capital expenditure projects and their impact on performance
Present tenant and market analysis to senior management and executive team formally during quarterly credit committee meetings
Support the senior asset management and acquisitions team regularly by performing ad-hoc analysis as needed
Communicate tenant issues to senior management on an ongoing basis, and support in resolution process Legal Document Compliance Tracking
Maintain a working knowledge of lease and loan documents (covenant calculations, critical dates, etc.)
Calculate covenants based on financial statements submitted and document requirements and report on issues to senior management on an ongoing basis
Assist with legal document review and lease/loan documents and amendments Revenue Forecasting and Tenant Billing
Track and report on cash receipts, communicate with tenants on payment issues and report concerns to senior management
Prepare and send billing letters, determine annual rent increases, and track capital expenditure projects
Maintain forecasted revenue schedules to reflect changes from all lease/loan amendments, capital expenditure projects, and new acquisitions

Bachelor's degree in Finance, Accounting, or related business degree (MBA/advanced professional certification or equivalent a plus)
Minimum of 4+ years of financial analysis/ asset management experience in real estate, health care operations, banking, or private equity
Microsoft Office proficiency, specifically in Excel
Ability to monitor and analyze the performance of healthcare and senior/assisted living assets as compared to its competition, as well as strong communication, negotiation and analytical skills.
Ability to interpret and administer lease and loan provisions, and have a strong understanding of financial statements (e.g., income statements and balance sheets) Self-starter, who can adapt quickly, works well with ambiguity, and is a quick learne