ASSOCIATE, FP&A

2 weeks ago


Addison TX USA, United States Sonida Senior Living Inc. Full time
Sonida Senior Living is one of the nation's leading operators of independent living, assisted living and memory care communities for senior adults. The Company operates 71 communities that are home to nearly 7,800 residents across 18 states providing comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat them family.

Job Summary:

The Associate, FP&A will support the execution of the Company's financial planning and analysis functions, as well as its portfolio growth and investment strategies. The individual will work closely with all levels of leadership, and specifically with the executive leadership team to provide budgeting, forecasting, ad hoc reporting, research, and modeling for the existing portfolio and potential acquisitions.

Job Responsibilities:

* Provide detailed analytical support for various corporate functions
* Construct and maintain a three-statement financial model to support budgeting, forecasting, liquidity, valuation and structuring strategies
* Liaise with operations team to enhance insights and incorporate both micro and macro trends into consolidated corporate modeling
* Prepare, maintain, and analyze ad hoc reports: static proformas, working capital analyses, sensitivity tables, etc.
* Assist the investment underwriting process on given opportunities, including underwriting the transaction, validating assumptions by using market data and insights from the Company's existing portfolio, preparing investment presentations and memorandums, and interacting with our capital and debt partners
* Support the due diligence, acquisition closing, and asset onboarding processes
* Identify and model divestiture opportunities that contemplate Corporate liquidity, market conditions, MSA density, local economic factors and other strategic considerations
* Identify big data best practices, including utilization of power BI and market analytics to help drive decisions
* Develop and maintain models used to determine target cash balance, liquidity, compliance with qualitative and quantitative lender covenants, and capital sources
* Compile information requests related to individual asset and portfolio financings
* Report to senior management and other internal stakeholders on current cash positions and anticipated changes to short-term cash flow, including building processes to efficiently monitor daily, quarterly and monthly forecast variances
* Derive, document, and implement analyses related to interest rate risk and liquidity stress testing, including evaluation of strategy on interest rate cap purchase in a changing interest rate environment
* Identify and drive process improvements, including the creation of standard and ad-hoc reports, models and dashboards
* Support decision-making processes by providing forward-looking analysis and insights and reviews of primary expense drivers

Qualifications & Requirements:

* 3+ years of work experience in financial services, corporate finance, or related; real estate industry experience a plus
* Undergraduate degree with concentration in finance or real estate finance, or an MBA, with a strong record of academic performance
* An intellectually curious person who is comfortable and excited with the entrepreneurial aspect of working at a growing firm with a unique strategy
* Excellent quantitative skills, analytical ability, and attention to detail
* Ability to manage competing projects simultaneously and respond to changing priorities, and capability to excel under pressure in order to meet hard deadlines
* High proficiency in the investment underwriting process, including the creation of financial models, analyses, and presentation materials
* Strong interpersonal skills to develop relationships with investors, brokers, lenders, and other third parties
* Ability to manage competing projects simultaneously and respond to changing priorities, and capability to excel under pressure in order to meet hard deadlines
* High proficiency in the investment underwriting process, including the creation of financial models, analyses, and presentation materials
* Strong interpersonal skills to develop relationships with investors, brokers, lenders, and other third parties
* Ability to travel as needed (less than 10%)

Skill/Knowledge Requirements:

* Expert knowledge of Excel and PowerPoint
* Excellent verbal and written communication skills
* Demonstrated ability to work under pressure
* Strong modeling and analytical skills as well as communication and presentation skills
* Highly advanced financial modeling skills and understanding of complex financial concepts
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