Job Description

Director of Asset Management

Full-time - Salary

Pay Range: $140,000.00 - $165,000.00

Exempt

Schedule: Flexible as needed ~ Travel: As needed across the portfolio

Make a difference by providing great care and love for our treasured residents!

At MorningStar Senior Living, we talk a lot about culture. In fact, we rather obsess about it. For without a transformative culture, we cannot begin to elevate and celebrate the lives of our resident-heroes and be ourselves changed for the good in the process. So, we seek great hearts, other people like us, who care and want to do work that matters. We select people like us who believe that the most satisfying life is one that is outward-bound and rooted in servant-leadership.

The Director of Asset Management plays a critical leadership role in driving MorningStar Senior Living’s growth and performance across its portfolio of senior housing communities. This role provides strategic oversight of investment analysis, asset management strategies, and execution of large-scale initiatives to maximize long-term value creation. The ideal candidate is a strategic, hands-on leader with strong financial acumen, and a proven ability to manage complex assets, initiatives, and stakeholder relationships. This position partners closely with executive leadership, operations, and capital partners to ensure disciplined execution of MorningStar’s business plans while balancing margin and mission.

https://www.morningstarseniorliving.com/careers/

Benefits

• Health Insurance offerings such as medical, dental, and vision insurance
• Other Insurance offerings such as life, disability, accident, and critical illness insurance
• 401k plan with matching
• HSA options
• Employee assistance programs
• Paid sick, vacation and birthday!
• Career development programs and opportunity for advancement
• Charitable and philanthropic opportunities
• Tuition Reimbursement
• Free shift meal!

Key Responsibilities

Asset Management

• Ensure communities execute approved business plans and achieve financial, operational, and strategic objectives.
• Lead & project manage large-scale CapEx planning and execution across multiple communities, including prioritization, ROI evaluation, and oversight of major renovation and repositioning initiatives.
• Manage and approve 5-year CapEx plans, physical plant compliance, and TELS usage in coordination with Operations and Facilities leadership.
• Support performance optimization initiatives, including rate strategy, annual rate increase planning and reporting, expense management, and margin improvement.
• Lead strategic planning, execution, and follow-through for designated focus communities requiring heightened asset management support.

Investment Management

• Partner with the Investments team to support deal execution, including diligence strategy, LOI negotiation support, closing coordination, and post-closing transition into the portfolio.
• Support equity relationships through clear, consistent, and transparent investor reporting and performance communication.

Stakeholder Engagement

• Serve as a point of contact for capital partners, lenders, and joint-venture partners on asset-level performance matters.
• Maintain and deepen relationships with equity partners through regular communication, performance reviews, and strategic discussions.
• Coordinate closely with internal teams and external partners to ensure alignment on investment, asset management, and operational strategies.
• Participate in and lead regular owner calls, equity partner updates, and internal executive reviews.

Leadership & Collaboration

• Collaborate cross-functionally with Operations, Sales & Marketing, Finance, Development, and HR to drive alignment and execution.
• Model MorningStar’s culture-driven, servant-leadership philosophy in all internal and external interactions.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Accounting, Business, or a related field required.
• 4+ years of progressive experience in real estate investments and asset management, preferably within senior housing, healthcare real estate, or an owner/operator platform.
• Strong financial modeling, analytical, and strategic planning skills; advanced proficiency in Excel and financial reporting tools.
• Proven experience managing portfolios, capital programs, and investor relationships.
• Excellent communication, leadership, and relationship-management skills.
• Ability to manage multiple priorities and lead complex initiatives in a fast-paced, growth-oriented environment.

*Team members who are scheduled to work 24 or more hours per week are eligible for benefits, families of said team members will also be eligible.

EEO