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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Juneau, Alaska

Salary: $200K - $250K

The Alaska Permanent Fund Corporation (“APFC”) manages the $78 billion Alaska Permanent Fund, a sovereign endowment established in 1976 to provide for all current and future generations of Alaskans. We are growing  and plan to add several experienced and talented investors to our investment team. Below you will find the basic responsibilities and qualifications for these positions and an overview of the primary private markets strategies for which we are hiring. Details below.

This recruitment will be accepting applications until close of business on March 20, 2024.

The Alaska Permanent Fund Corporation (APFC) is the largest Sovereign Wealth Fund in the United States and one of the first in the world; currently ~ $80 billion in AUM, the Fund has gained worldwide recognition as a model for converting a non-renewable natural resource into a renewable financial resource. APFC Named Best Places to Work in Money Management three years in a row.

Real Estate is an important component of the APFC’s Portfolio. The Alaska Permanent Fund Corporation has partial or complete ownership of residential, retail, industrial, office buildings and other real estate assets in the United States and abroad.

As a key member of the Real Estate department, the Portfolio Manager has a unique opportunity to play a frontline role within the growing and dynamic global real estate investment portfolio.

For more information about the Real Estate program, visit: https://apfc.org/what-we- do/real-estate/

Key Attributes

  • Strong commitment to APFC’s vision and its shared values of integrity, stewardship, and passion
  • Self-motivation and very strong sense of personal and professional integrity
  • Technology savvy with the ability to learn quickly
  • The ability to comprehend and summarize material and extract relevant information
  • Intellectual curiosity and excellent attention to detail
  • Ability to collaborate effectively in a small, informal team environment

Principal Responsibilities:

  • Work with the Director to assure the success of the real estate program and in developing investment strategies
  • Screen new investment opportunities and provide recommendations supported by written/graphic analysis, cash flow models and stress tests
  • Complete market and economic research, as necessary
  • Perform regular and comprehensive due diligence; monitor, document and analyze investments
  • With legal counsel, monitor manager adherence to contracts, investment policies and all relevant legal matters and negotiate terms of various legal agreements
  • Assist in the management of joint venture assets and partner relationships
  • Recommend improvements to APFC real estate oversight to build efficiencies and effectiveness of overall program and assist other real estate staff in prioritizing tasks, projects
  • Assist in the evaluation of external manager recommendations of operating plans, budgets and multi-year capital programs
  • Evaluate direct investments annually by working with external managers to perform property ranking and hold/sell analyses

Required Qualifications:

  • Minimum of 5+ years of relevant experience with institutional quality real estate portfolio and/or asset management
  • Bachelor’s degree in business or a related quantitative field. (Advanced degrees, CPA, CFA (Chartered Financial Analyst), CAA (Chartered Asset Allocator) MA/MS preferred)
  • Demonstrated knowledge of real estate investment strategies and markets, as well as a familiarity with institutional managers
  • Familiarity with real estate law concepts including purchase and sale contracts, lease contracts, mortgages, appraisals, development contracts and joint venture agreements
  • Excellent quantitative, research and analytical skills and critical thinking ability
  •  Strong written and verbal communication skills with the ability to succinctly present materials. Technical writing and presentation skills required.
  • Skills in negotiation, structuring and documenting complex partnership agreements

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may be added, removed, or changed at any time with or without notice.

AAP/EEO Statement

APFC provides equal employment and advancement opportunities to all. APFC follows all applicable Federal and State laws and does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, age, disability, or any other class protected by law.

DISCLAIMER

Please be alert to fraudulent Alaska Permanent Fund Corporation (APFC) job postings, all APFC jobs for which we are externally recruiting are posted on our careers site at APFC.org/careers. APFC will never ask candidates to interview via chat or text, nor ask for an upfront payment or deposit. If you believe you have been exposed to a scam, please contact us at contact@apfc.org to share any relevant details you may have.