Senior Director of Investments

Benchmark Senior Living (“Benchmark”) was founded in 1997 by Tom Grape, CEO, and is the largest provider of senior housing in New England. The Company, with its corporate offices located in Waltham, MA, offers a high level of services and care with the warmth and hospitality of home. Benchmark is a leading service provider in several key areas including independent living, assisted living, memory care, skilled nursing, and short stay programs.

The Director of Investments will be a member of the Investments department and reports to the Vice President of Investments. This role will be highly visible since the Vice President of Investments reports directly to the CFO. The Investments team leads the sourcing and underwriting of new acquisition opportunities, the capitalization of all Benchmark acquisitions and developments, and recapitalizations and refinancing of existing portfolios. Benchmark has an in-house Development Department with whom Investments works very closely. This role will have direct exposure to debt and equity partners, Benchmark’s Investment Committee, Executive team, and opportunities to drive portfolio growth.

Principal Duties/Responsibilities:

Deal intake and screening

Participate in broker calls

Perform intake screening of deals and preview to Investments Team members

Lead preparation of deal pitch materials for prospective capital partners and investment committee packages

Underwrite deals

Excel-based modeling

Engages in market research and relevant data tracking to support deal business decisions and inform deal assumptions

Ensures key members of operations and other stakeholders are appropriately involved in underwriting creation and approval

Analysis to support key underwriting assumption inputs (ex: real estate tax analysis, rent comps, wage comps, etc.)

Monitors relevant industry data and performance

Participate in deal term sheet and document negotiation (JV partners, developer groups, lenders, legal teams)

Exposure to co-invest GP fundraising process

Direct with deal transaction work (due diligence process, transaction execution)

Oversee and train one or more to-be-hired positions reporting into this role

Growth opportunities and goals with mentorship from VP of Investments include full deal process exposure, leading and originating deals, and coaching and mentoring Investment Associate(s).

Education/Experience/Licensure/Certification:

Bachelor’s degree in relevant coursework (Finance, Economics, Business, etc.)

6+ years relevant work experience

Required Skills/Abilities:

Highly proficient in Excel, business writing, and preparation of presentation decks

Advanced financial modeling skills (Excel based)

Ability to quickly screen new deals and do ad hoc analysis at varying levels of detail depending on data available and time constraints

Ability to manage multiple projects and workflows at once

Close attention to accuracy

Strong organizational skills

Strong relationship-building skills (1) externally with investor and lender partners and (2) internally across various departments to obtain information and buy-in on financial modeling.

EDUCATION: Minimum of a Bachelor of Science in a related field (Finance, Economics, General Business, Mathematics)

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