Capital Funding Manager

Welltower™ Inc. (NYSE:WELL) • Plano, TX

8d

About The Position

We are seeking a highly skilled and experienced Manager/Team Lead to oversee our
Capital Budgeting team, which includes the Capital Project Analyst and Budget
Specialist roles. This Manager will be responsible for leading the funding,
reporting, and tracking of construction projects for the Capital Projects teams.
Verifies all necessary approvals have been obtained and ensures that standard
company procedures are followed. Provide data, insights and reporting to Senior
Leadership team drive value and deliver best in class performance for Senior
Housing portfolio. Relies on experience and judgment to plan and accomplish
goals. Performs a variety of complex tasks. A certain degree of creativity and
latitude is required. Reports to AVP of Capital Administration.

Requirements

• Minimum of 10 years experience in financial analysis or business analytics
• A bachelor's degree in finance, accounting, business administration, or a related field is required. Relevant certifications or advanced degrees may be considered as a plus.
• Ability to work strategically and with significant financial and project management discipline to ensure flawless execution.
• Demonstrated organizational skills and ability to manage multiple projects simultaneously.
• Strong computer literacy of MS Office (Outlook, Excel, PowerPoint), Adobe and PowerBI.
• Ability to make decisions on minor issues in accordance with company policy.
• Strong analytical, time-management, attention to detail and accuracy, written and verbal communication skills.
• Experience in Real Estate Industry preferred: A strong background in the real estate industry, particularly in capital projects management, or property management, is highly desirable. Experience within the healthcare or senior living sectors is advantageous. Experience in the multifamily sector is highly preferred.

Responsibilities

• Creation of new detailed pro-forma and financial models to drive portfolio value creation.
• Manage, Lead, and train the capital funding team to ensure accuracy, compliance, completion and timely budget funding for all regions and departments. Provide guidance and support and implement process improvements to enhance the efficiency and effectiveness of the funding team.
• Develop and maintain comprehensive monthly, quarterly, and annual financial dashboards to evaluate performance metrics, identify variances and outliers, and provide insightful commentary to management.
• Assemble relevant data, compiles individual project and component-specific cost information to perform financial analysis of projects.
• Review and approve job funding requests to fund all Capital, Redevelopment and Facility budgets using Yardi system.
• Review and ensure the budget revision requests are processed daily and accurately in a timely manner and not cause any delay for the contract and invoice teams.
• Manage and review the Purchase order dashboard daily to ensure the team is processing all requests accurately and in timely manner.
• Maintain and optimize the unit renovation, amenity and common area redevelopment database and processes.
• Responsible for maximization of the assets value and NOI, which includes understanding asset position relative to market, asset specific restraints, developing property and portfolio specific value-add strategies and implementation thereof.
• Review all the financial analysis on Redevelopment/value-add projects.
• Be one of the main stakeholders for the annual budget and reforecast processes.
• Review and analyze portfolio performance to collaborate with Capital Department to ensure that project plans and financial objectives are on track.
• Incorporate a data driven value-oriented approach to the portfolio and each asset by analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and financial decisions.
• Create comprehensive reporting packages for all site-level capital work.
• Prepare ad hoc reports as requested by management.

Benefits

• Competitive Base Salary + Annual Bonus
• Generous Paid Time Off and Holidays
• Employer-matching 401(k) Program + Profit Sharing Program
• Student Debt Program – we’ll contribute up to $10,000 towards your student loans!
• Tuition Assistance Program
• Employee Stock Purchase Program – purchase shares at a 15% discount
• Comprehensive and progressive Medical/Dental/Vision options

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees