Our client, the Office of the State Comptroller (OSC) which manages approximately $280B in AUM for the NY Common Retirement Fund is seekinga Senior Investment Officer Real Estate. OSC is charged with ensuring that State and local governments use taxpayer money effectively and efficiently.
Based in the New York City office, the Senior Investment Officer reports to the Director of Real Estate and Real Assets. This role is one of an individual contributor but will be expected to guide and mentor junior investment and operations staff.
To learn more about the Position specifications please see the link below:
Essential Duties and Responsibilities include: • 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 objectives. • 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: • Bachelor’s degree in business, economics, or similar quantitative filed. An advanced degree and CFA progress are preferred. • Significant experience (ideally ten or more years) of real estate investing experience. • 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.
Additional Salary Information: DOE
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