What are the responsibilities and job description for the Associate - Investment position at Benchmark Senior Living?
Joining the Benchmark Senior Living (BSL) team means putting your passion to work. Our associates feel a sense of belonging with the care that they provide, empowered by the open and reliable team that surrounds them. Our diverse and skilled workforce takes immense pride in a shared commitment: a devotion to providing caring and dedicated service. In our supportive environment, associates have the opportunity to learn and grow. With professional and personal training programs, as well as education for career advancement, we empower associates to explore their interests, feed their passion, and pursue growth opportunities. We invite you to connect with your calling, find purpose in your career, and gain lifelong relationships through the power of human connection by transforming the lives of seniors!
The Investment Associate will be a member of the Investment Team and will report to the Senior Director of Investments. The Investment Associate will play a key multi-functional role as part of a team to support investment, development, and capital activities of the company, and will have broad exposure to senior level acquisitions, development, and asset management / operations professionals. This role will be highly visible since the team is small and works closely with the CFO.
The Investment Team leads the sourcing and underwriting of new acquisition and development opportunities, the capitalization of all Benchmark acquisitions and developments, and recapitalizations and refinancings of existing portfolios. Benchmark has an in-house Development Department with which Investments works very closely. While at its core, Benchmark is an operating company, this role and department are real estate and capital focused.
This role will have direct exposure to debt and equity partners, Benchmark’s Investment Committee, Executive team, and opportunities to drive portfolio growth. This role will also interface with several departments within the organization as part of formulating analysis.
Position is hybrid: 3 days in office and 2 days remote.
Principal Duties/Responsibilities:
The Investment Associate will be a member of the Investment Team and will report to the Senior Director of Investments. The Investment Associate will play a key multi-functional role as part of a team to support investment, development, and capital activities of the company, and will have broad exposure to senior level acquisitions, development, and asset management / operations professionals. This role will be highly visible since the team is small and works closely with the CFO.
The Investment Team leads the sourcing and underwriting of new acquisition and development opportunities, the capitalization of all Benchmark acquisitions and developments, and recapitalizations and refinancings of existing portfolios. Benchmark has an in-house Development Department with which Investments works very closely. While at its core, Benchmark is an operating company, this role and department are real estate and capital focused.
This role will have direct exposure to debt and equity partners, Benchmark’s Investment Committee, Executive team, and opportunities to drive portfolio growth. This role will also interface with several departments within the organization as part of formulating analysis.
Position is hybrid: 3 days in office and 2 days remote.
Principal Duties/Responsibilities:
- Create advanced financial models in Excel, including waterfalls and various equity promote structures
- Evaluate potential acquisitions, developments, refinancings and recapitalizations, utilizing metrics such as XIRR and MOIC, with the goal of owning the analytic function in short order
- Support the lead underwriter for underlying senior housing community operations, developing the skillset to become lead underwriter in short order
- Assist in due diligence and closing process for all such transactions; cradle-to-grave transaction exposure
- Deal intake and screening: Participate in broker calls and assist with intake screening of deals and preview to Investment Team members
- Help prepare deal pitch materials for prospective capital partners and investment committee packages
- Engage in market research, market analysis, and relevant data tracking to support deal business decisions and inform deal assumptions, and understand supply/demand dynamics
- Ensure key members of operations and other stakeholders are appropriately involved in underwriting creation and approval; interface across functions
- Analysis to support key underwriting assumption inputs (ex: real estate tax analysis, rent comps, wage comps, etc.).
- Monitor and track relevant industry data and performance
- Bachelor’s degree in relevant coursework (Finance, Economics, Business, etc.)
- 2 years relevant work experience preferred
- Advanced financial modeling skills (Excel based)
- Highly proficient in quantitative analysis, and preparation of presentation decks
- Ability to manage multiple projects and workflows at once.
- Close attention to accuracy
- Strong organizational skills
- Desire to learn, be dynamic across functions, sense of ownership and accountability
- Desire to grow rapidly into additional / more advanced responsibilities
- Strong relationship-building skills internally across various departments to obtain information and buy-in on financial modeling (ex: interacting with VP of Care on proper staffing levels to underwrite)
- 10 paid holidays plus 1 floating holiday
- Vacation and Health & Wellness Paid Time Off
- Tuition Reimbursement
- Physical & Mental Health Wellness Programs
- Medical, Vision & Dental Benefits provided by Blue Cross Blue Shield
- 401K Retirement Plan with Company Match
- Long Term Care Insurance
- Company-provided Life Insurance & Long-Term Disability