Asset Manager

Ventas•Chicago, IL

64d•Hybrid

About The Position

The Asset Manager will support the Senior Living Asset Management group in the oversight of its ~900 asset real estate portfolio. The Asset Manager will be responsible for working with Ventas's operating partners to assure compliance with leases, management contracts and other legal obligations, review financial performance, and identify opportunities to add value to the portfolio through transaction structuring, repositioning, capital improvements, and insights from data analytics. The Asset Manager will assist the Director and Senior Vice President in presenting performance results and transaction recommendations to members of Ventas's executive leadership team. Working cross-functionally with various departments including Investments, Legal, Financial Planning and Analysis, Risk, Treasury, and Data Science, the Asset Manager will gain exposure to many areas of the business.

Requirements

Bachelor's degree and strong academic record in Finance, Economics, or similar business or analytical field; Master's Degree, MBA, or JD preferred
5+ years of experience with an established real estate investment firm, working on underwriting, development, operations, or financial management. Other relevant experience could include private equity or banking, seniors housing operations, management consulting or strategic project management, or an attorney with business acumen
Core knowledge of real estate, financial statements, and general accounting concepts is required; healthcare knowledge and familiarity with "NIC" market analysis also a plus
Mastery of Excel, PowerPoint, and Power BI
Superior critical analysis skills with the ability to evaluate complex problems from a business and legal perspective and recommend well-reasoned courses of action in a concise manner
Collaborative, team-oriented and eager to continuously learn
Ability to occasionally work long and unpredictable hours, and travel 10-20% (including international travel, as needed)

Responsibilities

Lead high-impact asset management projects with executive-level visibility across ~900 Senior Housing communities
Make recommendations to Director and SVP regarding opportunities to improve property performance and financial reporting
Partner with the Director and SVP on portfolio optimization through strategic evaluations (e.g., buy/sell/hold recommendations, portfolio benchmarking) and execution of portfolio transactions including acquisitions, transitions, dispositions, lease restructurings, and capital recycling initiatives
Identify, prioritize and underwrite revenue generating organic capital investments utilizing market and performance analysis to guide strategic deployment of capital
Provide oversight of the lease portfolio, including monitoring of contractual renewals, annual rent escalators, re-tenanting opportunities, and overall compliance
Consult with operating partners to review financial performance, community sales strategies, competition, labor, and other performance drivers to address issues related to agreements including performance targets and capital spending expectations
Conduct periodic site visits to critical properties and markets to confirm performance expectations and deepen understanding of seniors housing operations, market fundamentals, and competitive dynamics
Partner with the Director on United Kingdom management contract structuring and negotiations, as well as portfolio wide management agreement and incentive fee tracking in collaboration with the SHOP Optimization team
Support Financial Planning & Analysis (FP&A) team on internal reporting processes, including facilitation of reporting for inclusion in the Monthly Business Review and quarterly earnings preparation with executive leaders
Coordinate with Investments Team to transition new investments into the portfolio, monitor and report progress on active development and redevelopment projects within the portfolio, and assist with asset disposition identification and process
Prepare and present ad hoc analysis to Ventas senior leadership team regarding strategic and tactical opportunities for the portfolio; assist in preparation of materials for Ventas's quarterly Board of Directors meeting
Perform risk management and regulatory oversight, including disaster preparedness, easements, tax matters, insurance claims, litigation, regulatory oversight, and treasury support (refinancings, debt compliance, etc.)
Collaborate with the Director and SVP on purchasing and vendor relationship management to support portfolio operations
Monitor industry news and earnings results for other healthcare REITs and seniors housing operators
Shared management of 1-2 Financial Analysts