This position reports to the Director of Real Estate Investments and is responsible for analyzing, monitoring and managing investments in the Real Estate portfolio. As a key member of the investments department, the associate/analyst will support the Portfolio Managers by contributing knowledge and perspective pertaining to portfolio investment decisions. APFC is specifically seeking an experienced associate/analyst with a minimum 3 years of relevant experience with institutional Real Estate investments.
A 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
Intellectual curiosity and excellent attention to detail
Humility, tenacity, and professional flexibility
Ability to learn quickly and collaborate effectively in a small, informal team environment
Analyze, manage, and monitor existing portfolio as well as potential acquisitions
Complete market and economic research, as necessary. Perform regular and comprehensive due diligence; monitor, document and analyze property investments
Support Real Estate Department initiatives with a commitment to preserving and enhancing long term value
Assist in the evaluation of external manager recommendations for operating budgets and multi-year capital programs
Review property appraisals for reasonableness of assumptions, unusual items and notations that may signal the need for further inquiry
Maintains up to date knowledge of significant accounting policies and procedures of each assigned manager/advisor
Respond to External Auditor’s inquires as to matters of income and expenses and variance from historic norms to approved budgets
Participate in the development and implementation of the management information systems
Work closely with accounting and compliance areas encouraging exchange of ideas and information assuring confidence in accuracy and quality of real estate books
Minimum of a Bachelor’s Degree in a business or related quantitative field
Minimum 3 years of experience underwriting and analyzing institutional real estate investments
Proficient in Microsoft Excel and Power Point as well as financial modeling and mathematics
Proven ability to generate financial cash flow and valuation models and capital structure analysis
Strong technical writing, presentation and critical thinking skills
Familiarity with real estate law concepts including purchase and sale contracts, lease contracts, mortgages, appraisals, development contracts and joint venture agreements
Proficient working with Yardi and Argus software preferred
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.
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.
Real Estate Program
Real Estate is an important component of the APFC’s Portfolio. The portfolio is invested primarily in direct ownership of residential, retail, industrial, and office buildings in the U.S. and abroad. To achieve diversification and return objectives, the real estate investment strategy targets a mix of investment styles, ownership structures, property life cycles and property types.
The Real Estate team looks for opportunities to control decision making from acquisition to final exit including execution of asset management decisions through the hiring of all key onsite teams, as well as external advisors with the aim of improving operational effectiveness and value enhancement.
The objective of real estate is to generate steady cash flow, achieve inflation protection and to provide downside protection and an overall attractive risk/return proposition for the Fund. The APFC maintains a long-term horizon and is a conservatively run institutional real estate portfolio consistent with the Fund’s statutory authority.
For more information about the Real Estate program visit:
Additional Salary Information: Incentive Compensation subject to appropriation
About Alaska Permanent Fund Corporation
The Alaska Permanent Fund Corporation (APFC) was created by the Alaska Legislature in 1980 as a quasi-independent state entity tasked with the important mission of prudently investing and managing the assets of the Alaska Permanent Fund. As one of the first sovereign wealth funds, and the largest state-level fund of its kind in the United States, the Alaska Permanent Fund (Fund) has gained world-wide recognition as a model for converting a non-renewable natural resource into a renewable financial resource.
The successful stewardship of the Fund, one of Alaska’s treasured resources, is founded on the shared commitment of the APFC Board of Trustees and Staff to diligently protect the Fund’s Principal, while simultaneously striving to outperform its peers in up and down markets.
With a staff of just over 50 people comprised of highly accomplished professionals in the fields of investment management, accounting, IT, and administration, APFC is fortunate to have such talented, dedicated, and innovative team members. From managing investments of a multi-billion dollar Fund, to executing complex operational and administrative tasks, each staff member plays an essential role in car...rying out APFC’s important mission.
The Alaska Permanent Fund Corporation, as the name implies, applies a long range investment vision for Alaska. APFC’s guiding principles outline our commitment to act honorably and respectfully, in order to earn the enduring professional trust and confidence of our peers and of those we serve. In our service to Alaska and our partners around the world, APFC is united in our shared values of Integrity, Stewardship, and Passion.