Real Estate Portfolio Manager

State Board of Administration of Florida; Tallahassee (FL); On-site; USD 70,000 - 95,000; Full time

Job summary

The State Board of Administration of Florida in Tallahassee seeks a Portfolio Manager I to support active management of a segment of the SBA Real Estate Principal Investments portfolio, with assets nationwide.

You will work under the Director of Asset Management and with investment advisors to optimize performance, develop investment judgment, and execute strategies within policy, procedures, and agreements. This in-office role requires onsite work.

Qualifications

• Four years of related real estate experience or equivalent combination.
• Bachelor's degree preferred in real estate, finance, economics, or related field.
• CPA or related designation preferred.

Responsibilities

• Execute Asset Management Plans
• Support and Implement Investment Strategy
• Manage Investment Advisor, Joint Venture, and Third-Party Relationships
• Portfolio Information Management and Analysis
• Market Knowledge and Professional Development
• Perform Other Duties as Assigned

Skills

Financial modeling

Real estate

Analytical skills

Communication

Microsoft 365

Multitasking

Interpersonal skills

Education

Bachelor's degree in real estate, finance, accounting, economics, or related field

Tools

Excel

PowerPoint

Word

Microsoft 365 applications

Job description

The Portfolio Manager I is a junior-level position responsible for supporting the active management of a designated segment of the State Board of Administration’s (SBA) internally managed Real Estate Principal Investments Portfolio. This portfolio includes a broad range of direct-owned commercial, multifamily, specialty (agriculture, student housing, senior housing), and development assets located across the United States.

Operating under the direction and guidance of the Director of Asset Management and other senior portfolio managers, the Portfolio Manager I works collaboratively with investment advisors and third-party partners to optimize asset performance, ensure operational excellence, and support the strategic objectives of the SBA. The role requires developing investment judgment, analytical capability, and the ability to support the tactical execution of strategies within established policies, procedures, and agreements. The position reports to the Director of Asset Management. This position is located in Tallahassee, FL and requires onsite, in-office work.

• Execute Asset Management Plans
• Support and Implement Investment Strategy
• Manage Investment Advisor, Joint Venture, and Third-Party Relationships
• Portfolio Information Management and Analysis
• Market Knowledge and Professional Development
• Perform Other Duties as Assigned

Four years of related real estate experience. A postsecondary degree may be used as an alternative for years of direct experience.

Preferences:

• A bachelor's degree from an accredited college or university in real estate, finance, mathematics, accounting, economics, business, or a related field, plus relevant real estate experience. An equivalent combination of education and experience may also be considered
• Certified Public Accountant (CPA) or another recognized professional designation related to the position

Knowledge, Skills, and Abilities:

• Strong knowledge of commercial real estate, including market dynamics, value drivers, capitalization rates, market rents, appraised values, and space-market fundamentals
• Working knowledge of financial terms, including the ability to read, interpret, and analyze real estate financial statements and market data
• Strong analytical and quantitative skills
• Intermediate to advanced proficiency with Microsoft 365 applications, including Excel, Word, PowerPoint, and Outlook
• Ability to communicate assertively and resolve issues effectively
• Exceptional written and verbal communication skills, including the ability to articulate recommendations in a concise and timely manner
• Ability to comprehend, analyze, and interpret complex documents
• Ability to solve problems involving several options in complex situations
• Ability to effectively interact with business and corporate leaders
• Ability to multitask and efficiently manage changing priorities and responsibilities
• Ability to organize and summarize complex financial and legal information in writing
• Ability to effectively present information to senior leadership and strategic business partners
• Driven self-starter with the ability to take initiative and make timely, cost-effective decisions using sound judgment with general direction in a fast-paced environment
• High level of integrity and professionalism, including a strong commitment to the team’s success and accountability for individual responsibilities and results
• Ability to learn quickly and adapt to new responsibilities and situations
• Conscientious about assignments, deadlines, and the quality of work products
• Detail-oriented and proficient with financial modeling
• Ability and willingness to travel frequently within the United States and internationally and to work outside normal business hours as needed