What are the responsibilities and job description for the Associate of Business Development & Acquisitions position at Sonida Senior Living?
About Sonida Senior Living
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 91 communities that are home to nearly 11,000 residents across 20 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 Description:
The Associate of Business Development & Acquisitions plays a pivotal role in the identification, evaluation, negotiation, and execution of potential acquisition opportunities for the organization. This individual must collaborate closely with the acquisitions team and senior management of the Company to assess a potential transaction’s financial feasibility, strategic merits, and risk factors. The Associate must possess strong analytical skills, financial acumen, attention to detail, and a keen interest in real estate investing to contribute effectively to the success of the company.
Responsibilities:
1. Financial Analysis and Modeling:
- Evaluate potential acquisitions and assist in the development of investment theses
- Perform detailed financial analysis including detailed income projections, capital expenditure budgets, capital structure analysis, and investment returns
- Ability to maintain complex corporate financial models to assess net asset value (NAV) and cash flow impact of a transaction
2. Due Diligence and Transaction Execution:
- Coordinate and facilitate due diligence efforts, working closely with cross-functional teams including legal, finance, and operations
- Support negotiation processes, including deal structuring, pricing, and terms
3. Relationship Management:
- Cultivate and maintain relationships with external parties, including lenders, advisors and intermediaries, potential sellers
- Collaborate throughout the organization and act as a liaison between the acquisitions team and other departments to facilitate seamless integration of acquired entities
4. Market Research and Strategic Planning:
- Contribute to the development of long-term strategic plans and investment priorities based on market insights and business objectives
- Provide recommendations and insights to senior management regarding potential acquisition targets and market opportunities
Knowledge/Qualifications:
- Bachelor's degree in Finance, Business Administration, Economics, or related field
- Two to Five years of experience in real estate, private equity, investment banking, or a related field. Experience in senior housing or real estate preferred
- Strong financial modeling skills and proficiency in Microsoft Excel; experience with financial analysis software (e.g., Bloomberg, Capital IQ) preferred
- Excellent analytical skills with the ability to synthesize complex information and make data-driven recommendations
- Demonstrated track record of successfully executing transactions from deal sourcing to closing
- Exceptional communication and interpersonal skills, with the ability to interact effectively with internal and external stakeholders at all levels
- Detail-oriented with strong organizational skills and the ability to manage multiple projects simultaneously
- Proactive, self-motivated individual with a strong work ethic and a passion for driving results
