Portfolio Manager, Real Estate

CalSTRS; California; Sur place; USD 120 000 - 240 000; Plein temps

Avantages offerts par ce poste

Incentive compensation (up to 125% of基

Résumé du poste

CalSTRS is seeking an experienced Portfolio Manager, Real Estate, to join the Investments Branch. The role focuses on independent analysis, recommendations, and asset management across core, value-add and opportunistic strategies globally.

The ideal candidate will have deep knowledge of real estate investments, financing structures, and experience managing relationships with managers, JVs, and operators. Strong research, communication, and leadership skills are essential.

Qualifications

• Knowledge of Real Estate Investment principles and trends.
• Knowledge of real estate financing structures, including debt, equity, and joint venture capital stack considerations.
• Education in Finance or closely related field
• Experience in investment management, specifically in real estate markets
• Experience managing and directing real estate manager/joint venture/operator agreements
• Experience evaluating and implementing diversified real estate investment strategies across multiple property sectors.
• Experience in portfolio management/risk analysis
• Experience underwriting individual real estate asset analysis
• Ability to research, analyze, and interpret information
• Ability to prioritize workload and ensure deadlines are met.
• Ability to work with a broad range of external contacts such as consultants and investment partners
• Ability to present information clearly, both orally and in writing
• Demonstrated ability to supervise internal staff and coordinate cross functional stakeholders.

Responsabilités

• Provide independent investment analysis, consultation, and recommendations for real estate investments.
• Manage, develop, and implement subsets of the Real Estate Portfolio.
• Support strategic objectives in the Real Estate Investment Policy with independence and discretion.
• Coordinate with external managers, joint ventures, and operators as needed.

Connaissances

Real estate investment principles

Portfolio management

Risk analysis

Analytical ability

Communication skills

Team collaboration

Presentation skills

Supervisory experience

Formation

Finance or related field

Outils

Financial modeling

Portfolio management software

Description du poste

The starting salary for this position will be set competitively and commensurate with the candidate’s qualifications and experience.

This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Portfolio Manager on the Real Estate team.

The Real Estate units' primary objective is to provide stable cash flow and generate an enhanced yield while providing total fund diversification and an inflation hedge. Real Estate partners with best-in-class managers with common goals to create a portfolio of high quality assets. The portfolio includes allocations to core, value add and opportunistic risk strategies across property types globally.

Under the general direction of the Director of Real Estate, the Portfolio Manager, Real Estate provides independent investment analysis, consultation, recommendations, and portfolio/asset management expertise as it pertains to real estate investments. The Portfolio Manager is responsible for managing, developing, and implementing a subset of the Real Estate Portfolio in support of the strategic objectives in the Real Estate Investment Policy requiring the highest degree of independence, confidentiality and discretionary judgment.

The ideal candidate will possess the following skills:

• Knowledge of Real Estate Investment principles and trends
• Knowledge of real estate financing structures, including debt, equity, and joint venture capital stack considerations.
• Education in Finance or closely related field
• Experience in investment management, specifically in real estate markets
• Experience managing and directing real estate manager/joint venture/operator agreements
• Experience evaluating and implementing diversified real estate investment strategies across multiple property sectors.
• Experience in portfolio management/risk analysis
• Experience underwriting individual real estate asset analysis
• Ability to research, analyze, and interpret information
• Ability to prioritize workload and ensure deadlines are met.
• Ability to work effectively with a broad variety of external contacts, such as consultants, investment managers, and investment partners
• Ability to work effectively as an individual and as part of a team
• Ability to present information clearly, both orally and in writing, to a wide range of audiences
• Demonstrated ability to supervise internal staff, external consultants and coordinate cross functional stakeholders.

An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.