JOB SUMMARYThis position supports physical plant inspections and reporting for new acquisitions, as well as capital oversight activities across a portfolio of approximately 90 assets. Responsibilities include conducting physical plant inspections, developing project scopes, creating renovation and asset improvement plans, and developing and underwriting capital budgets to maximize asset value. The Senior Project Manager serves as a strategic partner to the Investments, Asset Management, and Operations teams by identifying value creation opportunities, developing capital investment strategies, and overseeing project execution to optimize asset performance and financial returns.
KEY RESPONSIBILITIES - Lead physical due diligence efforts for acquisitions, dispositions, and major capital investment opportunities. Develop and underwrite written value-add investment plans for inter-company coordination as well as Operator engagement.
- Conduct site visits to evaluate physical plant condition and recommend value-add renovation scope(s) and Major CapEx requirements, if applicable, to enhance form and function of asset with a focus on driving financial performance.
- Coordinate with Capital Team to determine which items scheduled for CapEx could or should be completed in conjunction with Redevelopment.
- Develop and defend capital expenditure assumptions utilized in acquisition underwriting and investment committee approvals.
- Select and engage all designers, planners, engineers, architects, decorators, and other third-party consultants as may be necessary in the redevelopment and construction of the project. Reviews potential design, coordination, and constructability issues; as needed, recommends necessary changes.
- Prioritize capital deployment across regional portfolios based on investment returns, asset needs, strategic objectives, and operational impact.
- Present and obtain internal ownership approvals for the project including market justification, unit interior and common area / amenity scope, cost, financial return, and business justification.
- Oversee and ensure the obtaining of all permits, external approvals, entitlements, and licenses necessary for the development of the project, including interaction with city inspectors and other city officials to ensure project meet city and local code standards.
- Develops annual capital plan and reforecast process with internal/external stakeholders.
- Responsible for all written evaluations of Project Managers and Associates in accordance with company timing guidelines. Mentor Project Managers in asset evaluation, capital underwriting, due diligence, and investment analysis.
- Provides weekly/monthly/quarterly status of work performed in their assigned region and maintains high level of communication with internal and external stakeholders.
- Advise the leadership regarding any recommended "change orders," value engineering proposals, plan change recommendations, specifications, and budgets.
- Prepare and distribute RFP packages to qualified vendors, respond to RFI as required and responsible for final vendor selection ensuring optimal quality and budget pricing.
- Negotiate final cost and scope of work for all subcontracts, change orders and purchase orders as required.
OTHER DUTIESPlease note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL50% - (Ability to travel during 1-3 weeks per month; variable duration between 1-3 days typical)
MINIMUM REQUIREMENTS- Bachelor's degree in Construction Management, Architecture, Engineering, Real Estate, or a related field is preferred.
- Proven experience in project management, redevelopment, and construction, preferably in the senior housing or multi-family industry.
- Minimum of 7-10 years of relevant work experience with at least 3 years in a managerial or leadership role.
- Solid understanding of project management principles and practices, including scope development, budgeting, scheduling, and risk management.
Employment is contingent upon the successful completion of a background check, drug screening, and verification of employment, education, and other credentials relevant to the position.
COMPENSATION Salaries may vary by location. The range for this role is $90,900 - $140,000 plus bonus. Final compensation determinations are made based on a variety of factors, including, but not limited to, the candidate's individual experience, education, and skill level; business strategic priorities; primary office location; scope and anticipated strategic impact of the role.
WHAT WE OFFER - Competitive Base Salary + Car Allowance + Annual Bonus
- Generous Paid Time Off and Holidays
- Employee Stock Purchase Program - purchase shares at a 15% discount
- Employer-matching 401(k) Program + Profit Sharing Program
- Student Debt Program - we'll contribute up to $10,000 towards your student loans!
- Tuition Assistance Program
- Comprehensive and progressive Medical/Dental/Vision options
- Professional Growth
- And much more! https://welltower.com/newsroom/careers/
