Senior Financial Analyst - Acquisitions & Development

Solera Senior Living; Denver (CO); Remote; USD 70,000 - 90,000; Full time

Job summary

A senior living company is seeking a Senior Financial Analyst to support their Chief Investment Officer in executing strategic growth plans. The role involves financial analysis, acquisitions underwriting, and transaction due diligence. Candidates should have an undergraduate degree in finance or related fields, along with 1-2 years of relevant experience. This position is fully remote and requires travel across North America.

Qualifications

• Minimum of 1-2 years of experience in real estate underwriting or financial analysis in the senior living industry.
• Strong demonstration of academic achievement.

Responsibilities

• Perform cash flow and valuation feasibility analysis for prospective acquisitions.
• Monitor and track current deal pipeline and comparable sales transactions.
• Aid and organize transaction due diligence processes.

Skills

Ability to manage multiple projects

Advanced computer skills including Excel, PowerPoint and Word

Expert user of Excel to build and update complex financial models

Strong attention to detail

Strong oral and written communication skills

Critical analysis and problem-solving skills

Ability to self-motivate and excel in a collaborative setting

Education

Undergraduate degree in finance, real estate or healthcare

Job description

THE OPPORTUNITY

Solera Senior Living is looking for a talented and driven Senior Financial Analyst to directly support the Chief Investment Officer in executing on our company’s strategic growth plan. The target growth plan includes core, core plus and value-add acquisitions and developments (via both investment and third-party management contracts) of institutional quality senior living assets – including independent living, assisted living, and memory care. This position will be multifaceted and work directly within our business development function. This is a newly created position due to growth.

This is a great opportunity for a highly motivated candidate that is interested in joining a fast-paced and results-oriented growth company. This position will work closely with the Chief Investment Officer to identify and analyze new opportunities, but may also support the asset management function on occasion. The chance to join Solera is especially compelling for someone that is highly analytical, strategic, and thrives in a high-performing, values driven culture. The foundational values include compassion, communication, commitment, and creativity. The ideal candidate will thrive in an organization in which they can contribute to favorable financial outcomes, as well as to the health and well-being of seniors and their loved ones.

ABOUT OUR COMPANY

Founded in 2016, Solera Senior Living is a Denver, CO based, next generation, privately-held, fully integrated senior living development, investment and management company. Solera has earned a reputation as a leader in operating best in class senior living communities due to core competencies in contemporary designs, excellence in hospitality, enriching programs and innovative technologies and care delivery models. Solera’s current portfolio includes communities operating or in development in states including Colorado, North Carolina, Florida, Illinois, Maryland, Massachusetts, Nevada, Pennsylvania, Texas and Virginia. In addition to the existing portfolio, Solera has over 500 MM in the acquisitions and development pipeline.

SPECIFIC POSITION DUTIES AND RESPONSIBILITIES

Acquisitions Underwriting / Disposition / Market Research

• Perform cash flow and valuation feasibility analysis for prospective acquisitions and developments; including complex deal structuring analysis relating to different potential capital structures and sources, and project schedules and budgets for proposed seniors projects.
• Spread historical financial data including financial P&Ls, census, staffing plans, and rent rolls, identifying any areas to investigate further.
• Perform comp set analyses, targeting the most direct competitors via secret shops.

Run supply and demand analyses

• Review operational performance and underwriting assumptions, in partnership with our internal asset management and senior operations teams.

Aid and organize transaction due diligence processes

• Play an integral role in the financing of new investment and development projects by creating financial schedules, scenarios for various types of financing structures and participation in bank presentations.

External Relations

• Participate in deal calls with capital markets / debt brokers, lenders, along with members of our current and future partner’s investment and development teams.
• Work with investment partners, brokers, and lenders in gathering documents and data needed to support the transaction, financing or closing processes.
• Support the presentation of any ad hoc analyses or materials needed to send out to third party partners.
• Assist in the review and negotiation of management and loan agreements with investment partners, lenders and legal counsel.
• Assist in obtaining or transferring state regulatory licensure.

Strategy

• Monitor and track current deal pipeline, with currently marketed on and off market deals.
• Monitor and track comparable sales transactions across the U.S.
• Keep current on all markets, looking at trends affecting the senior living industry, including supply and demand changes.
• Partner with our internal asset management team to stay up to date on the latest revenue and expense benchmarks to support underwriting assumptions for new communities.
• Lead in continual improvements to financial model templates.

EDUCATIONAL / CERTIFICATION REQUIREMENTS

Undergraduate degree in finance, real estate or healthcare, with strong demonstration of academic achievement.

RELEVANT SKILLS

• Ability to manage multiple projects and adapt to changing priorities / work with tight deadlines
• Advanced computer skills including Excel, PowerPoint and Word
• Expert user of excel to build and update complex financial models
• Strong attention to detail
• Strong oral and written communication skills
• Critical analysis and problem-solving skills
• Ability to self-motivate and to excel in a collaborative setting

This position is fully remote. Minimum of 1-2 years of experience in real estate underwriting or financial analysis in the senior living industry. Travel across North America is required.