Location: Remote with travel in the Midwest (candidates must reside in the Midwest)
Compensation: $190K-$250K base + 20%-30% bonus
Description
A rapidly growing senior living operator is seeking an SVP of Operations for their Midwest region. This is a senior leadership role that will oversee RDOs, and drive organizational growth and operational excellence.
Primary Responsibilities
1. Regional Leadership & Accountability
- Directly manage, mentor, and develop Regional Directors of Operations (RDOs).
- Establish clear performance expectations and measurable KPIs for each region.
- Conduct structured one-on-ones, performance evaluations, and succession planning.
- Implement performance improvement plans when necessary.
- Ensure RDOs conduct consistent site visits and actively coach Executive Directors.
- Hold RDOs accountable for occupancy growth, NOI performance, labor management, compliance, and leadership bench strength.
2. Strategic Planning & Organizational Growth
- Develop and execute long-term operational strategies aligned with enterprise goals.
- Analyze market trends and identify growth opportunities, acquisitions, and partnerships.
- Collaborate with the Senior Operations Officer and RDOs to implement strategic initiatives.
- Lead operational integration for new managed properties and transitions.
- Participate in industry events to stay informed on emerging trends and best practices.
- Collaborate with RDOs to establish and achieve financial targets and profitability benchmarks.
- Participate in annual budget creation for all managed properties.
- Ensure disciplined execution of approved budgets, including capital projects.
- Regularly review income statements, balance sheets, cash flow statements, and key ratios.
- Conduct root-cause analysis when performance deviates from expectations.
- Oversee labor management strategies and expense controls to optimize margin without compromising quality.
- Negotiate and manage portfolio-wide operating contracts and vendor agreements under direction of the Senior Operations Officer.
4. Revenue Optimization & Market Positioning
- Drive revenue enhancement strategies, including occupancy growth, pricing optimization, and rate strategy.
- Monitor inquiry-to-move-in conversion trends and regional sales effectiveness.
- Oversee portfolio-wide marketing initiatives and vendor performance.
- Identify and pursue opportunities to expand market presence and portfolio value.
5. Operational Excellence & Continuous Improvement
- Oversee day-to-day portfolio operations in partnership with RDOs.
- Ensure compliance with licensing requirements, regulations, and quality standards.
- Collaborate with the VP of Clinical and Senior Operations Officer to implement policies and procedures.
- Ensure RDOs proactively remedy deficiencies and communicate corrective action plans to ownership.
- Serve as escalation point for family concerns after ED and RDO involvement.
- Conduct routine site visits to validate KPI monitoring, leadership engagement, culture health, and physical plant standards.
- Identify systemic improvement opportunities and implement structured corrective action.
6. Ownership & Stakeholder Relations
- Maintain consistent, transparent communication with ownership groups.
- Present operational and financial performance updates with clarity and credibility.
- Address and resolve ownership inquiries related to property performance or RDO effectiveness.
- Ensure owners are informed of operational challenges, remedies, and capital initiatives.
- Collaborate with ownership consultants on major property improvement projects and monitor progress.
- Engage in recruitment, hiring, and leadership development across the portfolio.
- Elevate hiring standards for key leadership roles.
- Ensure succession planning is active across all regions.
- Champion culture, Impact program, and core values.
- Foster a high-performance, high-accountability leadership environment.
8. Budget & Capital Execution
- Collaborate in annual budget development across all properties.
- Ensure effective implementation of approved capital budgets and improvement plans.
- Maintain oversight of major projects and capital allocations to protect asset value.
9. Portfolio Transitions & Growth Initiatives
- Partner with the Senior Operations Officer to ensure seamless transition of new managed properties.
- Support acquisition due diligence through operational evaluation and risk assessment.
Qualifications
- 8+ years operations experience with Senior living/long-term care communities
- Ability to travel to support the managed portfolio