Director, Asset Management

Job ID
2020-1681
Job Locations
US-MA-Newton
Department
Asset Management

Overview

The Director, Asset Management supports Diversified Healthcare Trust’s (NYSE: DHC) objectives of enhancing asset value through product positioning, maximizing revenue, cost effective operations, and increasing net operating income and resident service guidance. Emphasis is placed on interacting with DHC senior management and senior living community operators for the purpose of protecting DHC’s investment in the assets. As an integral member of the Company, the candidate must interact in a thoughtful and collaborative manner with community level and corporate management and exemplify the highest standards of honesty, respect, integrity, and discretion. DHC is a real estate investment trust which owns senior living communities, medical office and life science buildings and other healthcare related properties located throughout the United States.

Responsibilities

  • Perform regular analysis and interpretation of senior living community operating results and performance versus their business plan including understanding demand generators, revenue management data, and financial reporting to assess the performance of each location and assist in developing short and long-term strategies to improve performance where needed.
  • Conduct on-site property inspections and identify deficiencies in property condition, cleanliness, and service levels.
  • Ensure accurate and timely preparation and delivery of standard monthly and quarterly reporting.
  • Develop benchmarking systems to drive best practices and operating results.
  • Keep current on market factors that impact the positioning and performance of assigned senior living communities.
  • Maintain up-to-date knowledge of factors such as demographics and changes in supply and demand.
  • Ensure compliance with management and other agreements.
  • Review and analyze annual operating budgets, business plans and quarterly reporting. Assist DHC Management with understanding factors impacting monthly, quarterly and annual reporting.
  • Work collaboratively with DHC’s executive leadership team with respect to ongoing communications and development of senior living strategic plans.
  • Document and communicate regularly regarding the performance of the assigned assets and/or portfolio performance.

Qualifications

  • Bachelor’s degree required with preferred course of study in healthcare, hospitality, real estate, finance, or business administration. MBA preferred, but not required.
  • Combined 10+ years of senior living operations and asset management experience preferred.
  • Knowledge of market, feasibility analysis, and financial structures. Familiarity and knowledge of legal documents including management agreements, tenant leases, easements and eminent domain proceedings.
  • Strong working knowledge of property-level financial statements and the ability to understand complex pro forma models.
  • Familiarity with capital expenditures and improvements.
  • The ability to organize and effectively implement asset management procedures, as well as reconcile perspectives and priorities associated with senior living community ownership, senior living community operation, and brand position.
  • Excellent verbal and written communication skills.
  • Self-motivated, detail-oriented, well-organized, and results-driven professional.
  • Ability to excel in a fast-paced, team-centered and results-driven environment.
  • Positive, creative, innovative approach to problem solving and the ability to exercise judgment and discretion.
  • Strong Microsoft-based computer skills with Word, Excel, PowerPoint and Outlook.
  • The ability to meet the national travel requirement of approximately 25%.

Company Overview

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of December 31, 2019, The RMR Group LLC had approximately $32.2 billion of total assets under management, including over 2,100 properties, and employed approximately 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had nearly 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts. To learn more about The RMR Group, please visit www.rmrgroup.com.

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.

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