Associate Asset Manager, Senior Living Portfolio Growth

Rmr Group; Newton (MA); On-site; USD 125,000 - 145,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Life & Disability Insurance

HSA & FSA

401(k) Plan with Employer Match

Holidays, Vacation & Sick Time

Parental Leave

Tuition Assistance

Matching Gift Program

Voluntary, Employee‑Paid Benefits

Job summary

The RMR Group in Newton, MA, seeks an Associate Asset Manager, Senior Living, to support nationwide senior living assets through financial and operational analysis. You will monitor performance, labor, capex, and market trends, and collaborate with operators to optimize NOI and asset value across multiple communities.

Responsibilities include budgeting, forecasting, financial modeling, and reporting, with regular interaction with senior leadership.

Qualifications

• Bachelor’s degree in business, finance, economics, real estate, hospitality, healthcare administration, or a related field.
• 2-5 years of relevant experience in asset management, investment analysis, real estate, finance, accounting, consulting, senior living, or healthcare.
• Knowledge of senior living operations and/or senior living real estate, including independent living, assisted living, and memory care operating metrics, is preferred.
• Working knowledge of property‑level financial statements, budgets, and financial models.
• Strong analytical and financial skills with the ability to interpret quantitative and qualitative information and translate analysis into actionable conclusions.
• High proficiency in Microsoft Excel, Word, PowerPoint, and Outlook. Experience with Power BI or similar business intelligence tools is a plus.
• Strong written and verbal communication skills with the ability to clearly summarize asset performance, key issues, and recommendations.
• Strong organizational skills and attention to detail, with the ability to deliver accurate, timely work that allows time for next‑level review.
• Self‑motivated, intellectually curious, resourceful, and comfortable taking initiative in a fast‑paced, team‑centered, results‑driven environment.
• Ability to travel approximately 20-25% of the time, including overnight.

Responsibilities

• Analyze monthly community financial statements and operating reports, including revenue, labor and other operating expenses, NOI, cash flow, and capital expenditures, to assess performance against budget, prior year, and market benchmarks.
• Support development, review, and monitoring of annual operator budgets, periodic reforecasts, and short-term/long-term business plans for assigned communities.
• Review community forecasts and evaluate underlying assumptions related to occupancy, rate, revenue, labor, operating expenses, capital investment, and NOI.
• Monitor labor performance, including labor cost and hours per occupied unit, and agency/contract labor usage, and assist in evaluating operator staffing models and wage positioning.
• Track state survey results, licensure status, resident and family satisfaction, and risk and incident trends for assigned communities.
• Assist in monitoring operator compliance with management agreements, including performance tests, management and incentive fee calculations, and reporting requirements.
• Participate in regular performance review meetings with operators and prepare summaries of findings, action items, and follow-up.
• Conduct financial modeling, sensitivity analysis, and scenario analysis to support asset management decisions.
• Assist with community valuation analysis and annual business plan preparation.
• Evaluate the financial impact and expected return associated with proposed operational initiatives, capital projects, and other asset strategies.
• Ensure accurate and timely preparation of recurring monthly, quarterly, and annual reporting.
• Document, organize, and maintain current knowledge of the strategy, performance, risks, opportunities, and key initiatives for assigned assets.

Skills

Asset management

Financial analysis

Budgeting

Financial modeling

Market analysis

Communication

Collaboration

Microsoft Excel

Education

Bachelor’s degree in business/finance/real estate

Tools

Power BI

Excel

PowerPoint

Outlook

Job description

The RMR Group in Newton, MA, seeks an Associate Asset Manager, Senior Living, to support nationwide senior living assets through financial and operational analysis. You will monitor performance, labor, capex, and market trends, and collaborate with operators to optimize NOI and asset value across multiple communities.

Responsibilities include budgeting, forecasting, financial modeling, and reporting, with regular interaction with senior leadership.