Asset Manager/Senior Asset Manager (Senior Living) at The RMR Group LLC

Asset Manager/Senior Asset Manager (Senior Living)Job ID2025-2993Job LocationsUS-MA-NewtonDepartmentAsset ManagementOverviewThe Senior Living Asset Manager at The RMR Group will be a key member of the dynamic and fast-paced Senior Living Asset Management team, responsible for managing and optimizing a nationwide portfolio of senior living assets. This role involves analyzing operating results and developing business plans to maximize revenue, control costs, and optimize the short-term results and the long-term value creation of the senior living portfolio. The role will encompass the evaluation of acquisitions, dispositions, and operator transitions to ensure the portfolio achieves operational and financial excellence. The Asset Manager will work closely with the Asset Management team, RMR senior leaders, and Senior Living Operators to ensure business plans are effectively implemented and performance targets are met in a high-performance work environment.ResponsibilitiesCollaborate with operating partners and asset management leaders to drive portfolio performance.Analyze and interpret monthly financials, including income, expenses, cash flow, and capital expenditures, to assess property performance against budget and benchmarksWork closely with operating partners to address operational challenges and recommend strategies to enhance net operating income and return on investmentDevelop and monitor long-term and short-term business plans with the Senior Living Asset Management team and operators to optimize performanceEvaluate and enhance revenue management, marketing, and sales processes with operating partnersAssess market trends, benchmarking, and competitive landscapes to support community-level performance with operating partnersConduct review meetings with operating partners and summarize findings regularly Conduct site tours to identify and address issues and opportunities in coordination with operating partners and update property valuations as part of annual business plan preparationAttend market events and conferencesDemonstrate an understanding of management and lease agreements and other legal documentsComplete underwriting reviews for potential capital expenditures and renovation opportunitiesConduct detailed financial modeling and scenario analysis for potential acquisition, disposition, and operator transitionPrepare and present investment memos with recommendations for acquisitions, dispositions, and operator transitions for executive decision makingManage the disposition, acquisition, or transition process, including broker selection, valuation analysis, and deal negotiations as requiredComplete ad hoc analysis and special projects with the Senior Living Asset Management and REIT management teams.QualificationsBachelor's degree in business, finance, economics, real estate or a related field5+years' experience, preferably in asset management, operations within senior living, M&A, accounting, and/or financial analysis, preferably in senior living or healthcareStrong accounting/financial modeling and analytical skills supported by a high proficiency in Microsoft Excel, Word, and PowerPointKnowledge of senior living regulatory requirements and industry best practicesExperience analyzing operations, identifying opportunities, and driving profitabilityExcellent written and oral communication skills.Strong negotiation and communication skills, with the ability to manage diverse stakeholders.Self-motivated, with the ability to work in a fast-paced, team-centered, results-driven environment.Ability to prioritize time between multiple projects with minimal supervision.Ability to deliver work in a timely and accurate manner, meeting deadlines and allowing time for next-level review.Total RewardsThe RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 21 hours per week are eligible to participate in The RMR Group's benefits plans, including:Health InsuranceDental InsuranceVision InsuranceLife & Disability InsuranceHealth Savings Account (HSA) & Flexible Spending Plans (FSA)401(k) Plan with Employer MatchHolidays, Vacation & Sick TimeParental LeaveTuition AssistanceMatching Gift ProgramWide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet InsuranceThe estimated base compensation range for this position is $125,000 to $185,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data. Company OverviewThe RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR's vertical integration is strengthened by nearly 900 real estate professionals in more than 30 offices nationwide who manage approximately $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a "Top Place to Work", by the Environmental Protection Agency (EPA) as an "ENERGY STAR Partner of the Year" and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986. RMR's mission is to create long term value for our clients by managing their investments and assets "like we own it" - an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:Integrity at Our Core.Perform Passionately and Effectively.Inspired Thinking.Like We Own It.Power of We.Mutual Respect. Visit our website to learn more about what makes The RMR Group a rewarding place to build a career. Follow RMR on LinkedIn and Instagram @thermrgroup. The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you'd like more information on your EEO rights under the law, please click here.