What are the responsibilities and job description for the Vice President Asset Management position at Mackenzie Stuart?
Mackenzie Stuart have been engaged by a leading Real Estate firm who are looking for a Vice President of Asset Management to join their team and lead the performance of their senior housing portfolio.
The Vice President of Asset Management will oversee a portfolio of senior housing assets spanning multiple geographies and operating partners, responsible for driving financial performance, capital efficiency, and strategic execution across the platform.
Responsibilities
- Drive same-property NOI growth, margin expansion, and cash flow optimization across the portfolio.
- Oversee revenue strategy, rate management, discount governance, and contract mix optimization.
- Allocate capital to highest-return opportunities across unit upgrades, repositionings, expansions, and amenity enhancements.
- Oversee major renovation and repositioning projects in coordination with operators and internal construction management teams.
- Maintain a disciplined operator governance framework, including performance reviews, reporting standards, and budget approvals.
- Negotiate and administer incentive-aligned management agreements.
- Lead operator transitions when required, including due diligence, onboarding, and stabilization.
- Lead underwriting and execution of value-enhancing capital investments.
- Evaluate market dynamics, supply trends, and demand indicators affecting portfolio performance.
Qualifications
- 10 years of real estate investment, asset or portfolio management experience, senior housing exposure preferred
- Comfortable navigating management and operating agreements, joint venture structures, financing arrangements, and lease instruments.
- Strong financial modelling skills, including forecasting, stress-testing assumptions, variance tracking, and sizing return implications of capital decisions.
- Fluent working across disciplines - operations, finance, legal, tax, development, and investment teams.
- Advanced Excel and financial modelling skills; familiarity with BI or portfolio reporting platforms is a plus.
- MBA, CFA, or equivalent advanced credential preferred; demonstrated expertise will be considered.
This role reports to senior leadership within the Investment Management platform. Regular travel to portfolio assets is expected and essential to this position.
Due to the high volume of applicants, please assume your application has been unsuccessful if you do not hear from us within 14 days.
Salary : $200,000 - $250,000