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 50% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate 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 Portfolio Manager, the Associate Portfolio Manager provides investment expertise and manages a portfolio of investments utilizing independent analysis regarding the development and implementation of various risk management, investment program strategies, processes and controls consistent with policies and procedures to meet investment and policy objectives.
The ideal candidate will possess the following skills:
- Experience in real estate asset management or portfolio management.
- Advanced knowledge of real estate markets and economic trends.
- Expertise in conducting due diligence for real estate investments.
- Strong risk-assessment and problem-solving abilities.
- Ability to build and maintain collaborative relationships.
- Skilled in preparing clear, persuasive reports and presenting investment recommendations or findings to senior leadership or governing boards.
- Ability to interpret complex financial, economic, and real estate data to support investment decisions and evaluate portfolio performance.
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 paydifferential. Only one 5% base pay differential is eligible regardless of the number of certifications.
Relocation benefits may be available.
