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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. With a choice of lifestyles and differing levels of care, the company can tailor its products and services and/or living arrangements to suit the needs of each resident.

Benchmark currently operates 64 communities in seven states.

The Director of Underwriting will provide underwriting function for our new development and acquisition deals. This role will report to the Vice President of Investments. This role is hybrid, working two days in the Corporate Office and 3 days remote. 

PRINCIPLE DUTIES AND RESPONSIBILITIES

• This role works directly with the Vice President of Investment and the CFO providing underwriting for potential development and acquisition deals
• Provides informed deal evaluation and recommendations
• Engages in market research and relevant data tracking to support deal business decisions and inform deal assumptions
• Monitors relevant industry data and performance
• Supports deal pitch work as it relates to the investment committee and capital sourcing
• Exposure to deal term negotiation (JV partners, developer groups, lenders)
• Supports deal transaction work (due diligence process, transaction execution)
• Oversees and train one or more positions reporting into this role that encompasses one or more of underwriting/market analysis/capital sourcing
• Ensures key members of operations and other stakeholders are appropriately involved in underwriting creation and approval
• Interfacing with Operations/Sales/Asset management/Budgeting and Forecasting groups to ensure continuity of underwriting with the overall Benchmark business, trends and initiatives

SKILLS

• Advanced financial modeling skills (MS Excel based)
• Ability to quickly screen new deals
• Ability to manage multiple projects at once
• Close attention to accuracy
• Advanced excel skills, including ability to efficiently analyze and create outputs from large volumes of data
• Written skills to support deal pitch, approval and request for proposal material creation

EDUCATION

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