Organizational Area: Office of the Chief Investment Officer
Posting Salary: Commensurate with experience
Position Summary: The UC Investments Real Estate Team manages a $5.2 billion portfolio that will continue to grow over the coming years as a result of material changes in our asset allocation. The Director, Real Estate has meaningful responsibility across the the entire portfolio. In consultation with the Managing Director, the Director will assist in the identification, evaluation, and execution of opportunistic, value added and core opportunities, secondaries, co-investments, direct investments, and special situations investments. The Director will be assigned a portfolio of investments to monitor and will also perform related research and analytical work to support the team's active portfolio management and reporting to key stakeholders. The Director is a senior team member with responsibility to mentor Investment Officers and Senior Investment Analysts.
UC Investments is a small team that believes strongly in collaboration. In addition to supporting the Real Estate team, the Director will also collaborate broadly with colleagues across our Private Markets (i.e. Absolute Return, Real Assets, and Private Equity) and Public Markets (i.e. Fixed Income and Public Equities) teams to help achieve the best risk adjusted returns for the entire entity.
Special Conditions of Employment:
Travel Travel outside of normal business hours
Other Special Conditions of Employment:
Successful completion of a background check is required for this critical position.
Job Close Date:
Lead due diligence on prospective investments from beginning to end, including primary fund commitments, direct investments, co-investments, and secondaries. This includes assessing the investment strategy, management team, investment risks, portfolio valuations, reference calls, etc.
Write clear and concise independent investment recommendations based on due diligence.
Deliver high quality finished work product in a timely fashion.
Provide fundamental analysis and research as part of the due diligence and clearly articulate findings and recommendations to the Senior Managing Director and Chief Investment Officer in a collaborative fashion.
Take lead in legal negotiations of direct investments and fund closings to ensure compliance with the Regent's policies.
Independently source and recommend investment ideas and or opportunities to the Real Estate Team for discussion and review.
Contribute meaningful comments on the merits and risks of investment opportunities and demonstrate sound investment decision making skills.
Represent the University of California on Advisory Boards and provide comprehensive industry feedback and sound guidance to the General Partners as necessary.
May lead restructuring of a Fund by collaborating with Advisory Board members and the General Partner.
Maintain active involvement with assigned funds and separate account managers by attending annual meetings, and budget and strategic plan reviews, having at least one touch point each year with each Fund, documenting annual meetings, reviewing quarterly financial statements, and understanding significant valuation or policy changes.
Attend additional meetings on behalf of the Real Estate team as needed.
Be able to speak in depth about each assigned fund/GP relationship.
Prepare and maintain standardized investment reports on fund and direct investments in the portfolio, as well as those under consideration, and make recommendations for decision-making purposes.
Lead projects and assignments, as requested. These projects may include but are not limited to providing performance attribution, creating presentation materials, project management, and drafting memos and letters.
About us The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the corporate headquarters to the ten campuses, five medical centers and three Department of Energy National Labs and enrolls premier students from California, the nation and the world.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or protected veteran status.
Copyright 2017 Jobelephant.com Inc. All rights reserved.
About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.