Senior Director of Capital Projects

Work With Purpose

At AlerisLife we’re dedicated to advancing the lives of all we serve - from our residents to each and every one of our team members. With a mission-driven mindset and a desire to make a difference in the lives of others, our team members enjoy a work culture that is uniquely supportive of their professional and personal lives. A place where they can advance others, and themselves.

The Senior Director of Capital Projects is responsible for overseeing all aspects of capital investments in our owned and operated senior living communities. The Senior Director of Capital Projects will provide strategic planning, financial oversight, and project management oversight for all capital investments to ensure that projects are delivered on time, within budget, and in alignment with the organization’s goals. The ideal candidate will have a thorough understanding of operations and development in the senior living industry.

Work Mode: Newton, MA based. Hybrid, in corporate office unless traveling to communities for site visits. Travel up to 75%.

Key Responsibilities:

• Oversee the strategic planning, financial analysis, project scope, and project management for all capital investment projects from conception through to completion.

• Oversee the planning, design, scope of work, and construction of capital projects to ensure the projects meet the organization’s strategic objectives, budgets, and timelines.

• Lead the capital projects finance and construction teams.

• Assess and analyze prospective capital investments to determine financial feasibility, risk, return on investment, and alignment with company objectives.

• Establish and maintain a process for conducting capital needs assessments and impact analysis with rigorous due diligence and clear understanding of our markets and the senior living industry.

• Analyze current portfolio property performance and identify opportunities for value enhancement and optimization considering things like local market conditions, product mix and unit availability.

• Research and understand market trends for both current portfolio markets and new markets for potential acquisitions.

• Determine and advise on the level of risk involved in various capital investments and project the expected financial gains or losses.

• Work closely with asset management, operations, sales, and finance teams to ensure alignment of capital investment and underwriting strategies with overall business goals.

• Prepare and evaluate investment proposals, including acquisitions, developments, renovations, and repositioning projects, to assess financial feasibility and strategic fit.

• Oversee the preparation of financial models to support capital project investment decisions.

• Prepare investment memos and presentations to support decision-making processes and communicate investment recommendations to senior leadership and stakeholders.

• Monitor the performance of existing investments and provide regular updates on key metrics, variances, and performance trends.

• Develop budget forecasts, manage project budgets, including cost estimates, funding allocations, and financial reporting to ensure fiscal responsibility and accountability.

• Oversee the procurement process for services and materials, including preparing bid documents, evaluating proposals, selecting contractors, and negotiating contracts to ensure competitive pricing and compliance with procurement policies.

• Collaborate with architects, engineers, and other construction specialists to ensure project specifications are met and to resolve any issues that arise during the project lifecycle.

• Manage the scheduling of contractor activities and work timetables.

• Monitor projects and report progress and budget matters to the executive team.

• Oversee construction processes to ensure projects are completed on time within budget.

• Implement risk management strategies to identify potential project risks, assess their impact, and develop mitigation plans to minimize disruptions to project schedules and budgets.

• Stay informed about industry trends, regulatory changes, and emerging opportunities in the senior living market to identify potential investment strategies and competitive advantages.

• Build and maintain relationships with external partners, including lenders, brokers, contractors, architects, engineers, consultants, and other industry professionals, to support deal sourcing and execution efforts.

Skills & Experience:

• Bachelor's degree in Finance, Real Estate, Business Administration, Engineering, Construction Management, or related field. MBA or advanced degree preferred.

• Proven experience in operations and development of senior living communities, including financial planning, investment analysis, capital underwriting, and overseeing capital projects.

• 10-15 years track record of successfully overseeing and executing capital projects, acquisitions, and developments from inception to completion.

• Solid track record in leading multidisciplinary teams, demonstrating strong leadership and communication skills.

• Strong analytical skills with the ability to interpret complex financial data and market research.

• Excellent communication and presentation skills, with the ability to articulate insights and recommendations to senior leadership and stakeholders.

We Got You

We see and support the whole you. Because investing in you, and all our team members, is the first step in making a difference in the lives of others.

• Comprehensive Medical/Dental/Vision
• 401k + Match
• Bonus Opportunity
• Competitive PTO, Sick & Holidays
• Life, Disability & other supplemental benefits
• Flexible Workplace
• Professional Development Funds
• Wellness Coaching & Personal Support Benefits
• Recognition & Reward Programs

Is This You?

Beyond checking off the boxes, we’re looking for someone who shares our passion and commitment.

• Purpose and Meaning – You have an authentic connection our vision of a world in which the quality of life is ageless, and a desire to advance our culture and keep People First at all times.
• Advancing Others – You advance others, supporting their continuous growth and enabling their achievements. You get it – positive team experiences lead to incredible customer moments.
• You Are Accountable – To our team, our customers and our brand(s). You firmly believe that the way in which we achieve results is just as important as what we accomplish together.
• Operational Excellence – You encourage a mindset of continuous improvement, respect ideas from everywhere, and empower others to elevate how and what we deliver for our customers and each other.
• Let’s Do This – Fast is as slow as we go! You thrive with a focus on the here-and-now, while managing multiple priorities, projects and competing demands, helping others anticipate and embrace what’s next.

EEOC

Alerislife prohibits discrimination against any applicant or employee with regard to or on the basis of race, color, religion, national or ethnic origin, age, ancestry, sex, pregnancy (including... Continue reading

Alerislife prohibits discrimination against any applicant or employee with regard to or on the basis of race, color, religion, national or ethnic origin, age, ancestry, sex, pregnancy (including pregnancy, childbirth, lactation and related medical conditions), gender, gender identity and expression (including transgender), sexual orientation, mental or physical disability, military status, certain criminal records, genetic information (including characteristics and testing), HIV testing, a personal admission to a facility for the care and treatment of a mentally ill person and taking of parental leave or membership in any other category protected by applicable law. In addition to federal requirements, AlerisLife complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has communities and/or facilities. This policy applies to all terms and conditions of employment, including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

In addition, AlerisLife expressly prohibits any form of workplace harassment based on race, color, religion, national or ethnic origin, age, ancestry, sex, pregnancy (including pregnancy, childbirth, lactation and related medical conditions), gender, gender identity and expression (including transgender), sexual orientation, mental or physical disability, military status, certain criminal records, genetic information (including characteristics and testing), HIV testing, a personal admission to a facility for the care and treatment of a mentally ill person and taking of parental leave or membership in any other category protected by applicable law. We will not tolerate harassment of employees in the workplace, or in other settings in which employees may find themselves in connection with their employment. Improper interference with the ability of AlerisLifeTesting of New Employment Application’s employees to perform their job duties may result in discipline up to and including discharge. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination harassment or retaliation, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any federal, state, or local law is prohibited and will not be tolerated.