This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary.
The CalSTRS Investments Branch is seeking a motivated individual to work as a 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 provides investment recommendations and portfolio/asset management expertise as it pertains to a real estate investments. The portfolio manager is responsible for performing the following duties, 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
- Strong knowledge of real estate mortgage use and debt strategies
- 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 recommending and implementing strategies related to industrial, office, apartments, retail, and other real estate investments
- 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 lead a team effectively
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 Analysts (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.
Relocation benefits may be available.
Telework Information: CalSTRS offers a hybrid approach including in-office and remote work solutions with staff working on-site at our Headquarters in West Sacramento 2 days per week.
