Director, FP&A Full Time

The Director, FP&A will report directly to the VP, Senior Housing Analytics and oversee a team of analysts with responsibility for financial forecast models and presentation materials related to the $17B Seniors Housing portfolio. This portfolio includes approximately 700 communities across the U.S. and Canada and generates over $1.1B of annual income to the company through a mix of NNN lease and management agreements with 3rd party senior living operators. These complex and dynamic forecast models are driven by assumptions related to underlying market and demographic data, new and existing competition, operating conditions, financial trends, and other information needed to predict future resident occupancy, rental rates, operating/capital expenses, and net operating income for the portfolio and the company. Manager and team will also be responsible for creation of presentation materials related to monthly business reviews with the executive team, quarterly company earnings results, board of director materials, investor presentations, and other ad hoc reports as needed.

Responsibilities include:

– Direct a team of analysts

• Direct day-to-day activities
• Prioritize workflow to meet deadlines
• Coach, mentor and advocate for direct reports

– Compile data needed to drive assumptions for financial forecast models

• Review and understand recent portfolio financial results / trends
• Discuss operating environment with internal asset management teams for each 3rd party senior living operator
• Utilize business intelligence databases that include demographic, market, supply and other information
• Understand lease and management agreement terms (e.g. annual lease rent escalations, 3rd party fees, etc.)

– Leveraging input from key stakeholders across the enterprise, create accurate financial forecast models for the following:

• Operating P&Ls for 3rd party managed communities (income to the company)
• Operating P&Ls for 3rd party leased communities (income to the company’s tenants)
• Rental income to the company from NNN leases (income to the company from its tenants)
• Company-funded capital expenditures for all communities
• Income to the company related to joint-ventures and other investments

– Develop presentations to senior leadership, board of directors, and outside parties

• Monthly business reviews
• Quarterly earnings results
• Quarterly and ad-hoc board of director meetings
• Periodic investor presentations
• Other ad hoc materials as needed

– Frequent interaction with senior and executive leadership team (SVPs, CEO, CFO)

Requirements:

• Bachelor’s degree in business, finance, real estate or a related field; MBA preferred
• Minimum of 7 years of experience in budgeting, forecasting, modeling, analytics, reporting, planning and/or other similar fields.
• Understanding of financial statements (e.g., income statements, balance sheets)
• Strong modeling skills using Microsoft Excel (knowledge of Excel Cube functions, a plus)
• Experience with visualization/presentation tools (e.g., Power Point, Tableau, etc.)
• Ability to work with many deadlines, time requirement conflicts and management pressures
• Ability to take direction but exercise independent thought and judgment
• Subject to frequent interruptions; must be able to switch attention between tasks quickly
• Strong written and oral communication skills
• Ability to manage multiple tasks and relationships within a fast-paced, team-oriented and lean environment
• Self-motivated and team-oriented; ability to work collaboratively across functions and departments
• Ability and desire to work in a deadline-oriented environment with competing priorities
• Bias for action; strong initiative and results orientation

Source: Ventas Career Page

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