Senior Investment Officer - Real Estate

Company:The New York State Common Retirement Fund

Report to the Director of real estate. Informally oversee junior investment and operations staff (no formal direct reports)

Job Duties:

• Lead the process for manager selection, co-investments, JVs and wholly-owned assets from origination to committee presentation, and offer independent recommendations on the merits of investment ideas

• Supervise the sourcing and due diligence process for external real estate managers including leading the evaluation of the manager’s investment process, portfolio exposures, and risk management

• Lead internal and external meetings and build quality relationships with managers and consultants

• Support the JV partner’s acquisition team by participating in sourcing, due diligence, financial analysis, and related activities in order to increase net operating income and meet strategic plan objections

• Oversee selected investments post-closing through continuous follow up and communication with joint venture partners, advisors, and consultants

• Serve as an advisor to the director on the business plan development (and revision) for JVs and wholly-owned assets

• Challenge asset class heads and other fund leaders on their investment ideas/theses

• Mentor and develop junior staff on both real estate knowledge and career topics

Preferred Qualifications/Desired Competencies:

High ethical standards and commitment to the fiduciary responsibilities of a pension fund

Deep knowledge of real estate valuation metrics and markets, key organizations, and industry trends

Ability to independently form judgments on the merits of various investment opportunities across investment structures (e.g., managers, co-investments, JVs, etc.) and provide high quality advice to the director

Deep knowledge of the diligence process required to close deals and real estate portfolio management

Proficient in use of financial modeling and quantitative analytics to evaluate investment opportunities

Ability to build strong, trust-based relationships with a broad variety of internal and external contacts, such as consultants, managers, vendors, peer institutions, other departments of OSC

Strong written and verbal communication skills in order to produce investment memos, deal presentations, and participate in internal investment strategy meetings as well as external manager meetings

Strong motivation with the ability to see projects through to completion in a timely manner with limited guidance and a solutions-oriented mindset

Team player who is energized by a collaborative working environment, within and outside of the asset class

BA, ideally in business, economics, or similar quantitative field; MBA/masters and CFA progress preferred

Generally 10+ years of real estate investing experience

To Apply: Interested candidates should submit a cover letter and resume to no later than November 8, 2017.
Please include 1383 - PI when responding in the subject line.