STRS Ohio
Senior Asset Management Officer 2 or Asset Management Director
STRS Ohio, San Francisco, California, United States, 94199
STRS Ohio, STRS
The State Teachers Retirement System of Ohio (STRS Ohio) is seeking a Senior Asset Management Officer 2 or an Asset Management Director to join its San Francisco, California Investment/Real Estate team. Nearly two-thirds of STRS Ohio's investment assets are managed internally by more than 100 Investment Department professionals.
Established in 1920 and serving Ohio's educators, STRS Ohio is one of the nation's premier retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $95.3 billion as of June 30, 2024, in assets and paying more than $7 billion in benefits annually.
STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center. At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.
Compensation:
Grade 314: $205,000-$235,000
Grade 315: $235,000-$285,000
Work Schedule:
Monday through Friday, daytime work schedule with occasional weekend and evening hours. Occasional travel may be required.
General Summary:
Under the direction of a real estate regional director, responsible for managing a portfolio of real estate investments, including equity properties and joint venture partnerships. Ensure that State Teachers Retirement System of Ohio (STRS Ohio) properties and venture investments are managed in conformance with established standards.
Summary of Responsibilities Grade 314 or 315: Analyze and make recommendations and ultimately lead execution on investment and management-related decisions such as lease negotiations, mortgage re-negotiations, property sales, property management and capital improvement programs.
Establish operating goals for properties, monitor performance through budgets, monthly operating and financial statements, lease reviews and conduct periodic site visits.
Assist with new investment due diligence process.
Function as trouble-shooter on under-performing properties. Make recommendations and implement programs to improve returns.
Monitor compliance with negotiated agreements for joint ventures.
Oversee and evaluate property managers' and leasing teams' effectiveness. Participate in selection of property management firms.
(Grade 314)
Oversee property managers and leasing teams and evaluate their effectiveness. Lead the selection of property management firms and manage these relationships to create additional investment opportunities for STRS Ohio.
(Grade 315)
Assist the real estate regional director to devise and coordinate training of asset management associates.
(Grade 315)
The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under his/her supervision.
Summary of Qualifications: Grade 314 or 315:
Bachelor's degree in business administration, accounting, economics, finance or related field required.
Master's degree in business administration, accounting, economics, finance or related field preferred.
Seven to ten years' experience in managing large and/or complex institutional investments required.
Chartered Financial Analyst (CFA) holder preferred.
Comprehensive experience and familiarity with a diverse range of property types and financial structures including joint ventures required.
Excellent analytical and negotiation skills required.
Comprehensive knowledge of commercial leases and operations required.
Working knowledge of ARGUS software and reports required.
Proven ability to analyze third party appraisal reports, bring attention to possible inconsistencies and advocating on behalf of the property.
Ability to work with and preserve confidential information required.
Strong leadership skills and ability to assist in training and development of analysts and other less experienced real estate associates required.
(Grade 315)
The State Teachers Retirement System of Ohio (STRS Ohio) is seeking a Senior Asset Management Officer 2 or an Asset Management Director to join its San Francisco, California Investment/Real Estate team. Nearly two-thirds of STRS Ohio's investment assets are managed internally by more than 100 Investment Department professionals.
Established in 1920 and serving Ohio's educators, STRS Ohio is one of the nation's premier retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $95.3 billion as of June 30, 2024, in assets and paying more than $7 billion in benefits annually.
STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center. At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.
Compensation:
Grade 314: $205,000-$235,000
Grade 315: $235,000-$285,000
Work Schedule:
Monday through Friday, daytime work schedule with occasional weekend and evening hours. Occasional travel may be required.
General Summary:
Under the direction of a real estate regional director, responsible for managing a portfolio of real estate investments, including equity properties and joint venture partnerships. Ensure that State Teachers Retirement System of Ohio (STRS Ohio) properties and venture investments are managed in conformance with established standards.
Summary of Responsibilities Grade 314 or 315: Analyze and make recommendations and ultimately lead execution on investment and management-related decisions such as lease negotiations, mortgage re-negotiations, property sales, property management and capital improvement programs.
Establish operating goals for properties, monitor performance through budgets, monthly operating and financial statements, lease reviews and conduct periodic site visits.
Assist with new investment due diligence process.
Function as trouble-shooter on under-performing properties. Make recommendations and implement programs to improve returns.
Monitor compliance with negotiated agreements for joint ventures.
Oversee and evaluate property managers' and leasing teams' effectiveness. Participate in selection of property management firms.
(Grade 314)
Oversee property managers and leasing teams and evaluate their effectiveness. Lead the selection of property management firms and manage these relationships to create additional investment opportunities for STRS Ohio.
(Grade 315)
Assist the real estate regional director to devise and coordinate training of asset management associates.
(Grade 315)
The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under his/her supervision.
Summary of Qualifications: Grade 314 or 315:
Bachelor's degree in business administration, accounting, economics, finance or related field required.
Master's degree in business administration, accounting, economics, finance or related field preferred.
Seven to ten years' experience in managing large and/or complex institutional investments required.
Chartered Financial Analyst (CFA) holder preferred.
Comprehensive experience and familiarity with a diverse range of property types and financial structures including joint ventures required.
Excellent analytical and negotiation skills required.
Comprehensive knowledge of commercial leases and operations required.
Working knowledge of ARGUS software and reports required.
Proven ability to analyze third party appraisal reports, bring attention to possible inconsistencies and advocating on behalf of the property.
Ability to work with and preserve confidential information required.
Strong leadership skills and ability to assist in training and development of analysts and other less experienced real estate associates required.
(Grade 315)