Senior Director Treasury

Sunrise Senior Living•McLean, VA

47d•$177,280 - $221,600

About The Position

The Senior Director Treasury leads construction loan negotiations and public municipal bond issuance documentation for Sunrise Senior Living, the largest developer in senior housing and the largest premium senior housing operator. This role serves as the company's primary debt strategist, partnering with construction lenders, bond underwriters, bond counsel and rating agencies to structure and execute financing for the development and recapitalization of senior living communities as the company enters a period of accelerated growth.

Requirements

Bachelor's degree in finance, accounting, real estate or a related field
12+ years of treasury, investment banking, or real estate project finance experience, including 5+ years in construction lending or municipal bond financing
Expertise in construction loan negotiations, including loan structuring, draw mechanics, completion guarantees and construction-to-permanent conversions
Proven track record with public municipal bond issuance documentation, including indentures, official statements, continuing disclosure and bond counsel coordination
Deep knowledge of debt documentation, including covenants, security concepts, default provisions and completion guarantees
Strong financial modeling and sensitivity analysis capabilities
Excellent negotiation, project management and multi-stakeholder coordination skills
Ability to communicate complex transactions clearly to executive leadership, the Board, lenders and rating agencies

Nice To Haves

Senior living or healthcare real estate development experience, with familiarity in occupancy dynamics, staffing models and lease structures
Experience with construction-to-permanent financing and occupancy ramp management
Background in tax-exempt municipal finance and nonprofit healthcare structures
Strong existing relationships with construction lenders, bond underwriters and rating agencies in senior housing.
Professional credentials (CFA, CPA)
MBA or other advanced degree

Responsibilities

Own end-to-end negotiation strategy for construction loans, credit facilities and construction-to-permanent financing supporting the development pipeline.
Negotiate critical terms, including interest rates, loan draws and holdbacks, completion guarantees, construction covenants, permanent conversion mechanics, coverage tests, collateral and guarantees and default provisions.
Evaluate competing lender proposals and recommend optimal financing structures based on cost, flexibility and construction risk allocation.
Coordinate with Development, Finance, and Legal to validate construction budgets, schedules and occupancy assumptions.
Monitor post-closing draw approvals, covenant compliance and permanent-phase readiness.
Lead preparation and negotiation of public municipal bond documentation for new construction muni-bonds on behalf of not-for-profit property owners, with Sunrise serving as project sponsor, developer, manager and owner of sub-bonds.
Oversee the bond indenture (including construction fund provisions), official statement accuracy, bond purchase agreements, security documents and tax-exempt structure.
Manage redlines and issue tracking across bond counsel, disclosure counsel, underwriters and internal teams.
Ensure documentation reflects construction risks, completion requirements, occupancy ramp assumptions and stabilization triggers.
Own continuing disclosure compliance throughout the issuance process and post-closing.
Monitor construction-phase covenants and draw mechanics.
Coordinate completion certification and conversion condition validation.
Manage rate conversion, amortization reset and refinancing optionality.
Lead the transition from construction lender to permanent debt structure, and/or facilitate a sale process to a buyer where Sunrise may also serve as a Joint Venture (JV) partner and continuing property manager.
Model construction versus permanent loan alternatives and refinancing economics.
Analyze debt service coverage sensitivities tied to occupancy ramp, construction timelines and rate scenarios.
Provide executive recommendations on financing structure, timing and capital allocation.
Build strong internal relationships with Development, Mergers and Acquisitions (M&A), Asset Management, Legal and Accounting.
Serve as the primary treasury contact for construction lenders, bond underwriters, and permanent loan partners on covenant compliance, amendments and refinancing opportunities.
Coordinate with property owners and Limited Partner (LP) investors on debt and refinancing strategy, maintaining ongoing dialogue on debt management and refinancing readiness.
Maintain compliance in assigned required training and all training required by state/province or other regulating authorities as applicable to this role to ensure that Sunrise standards are always met.
Perform other duties as assigned.