Real Estate Associate/Analyst

Real Estate Associate/Analyst

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.

Key Attributes

• 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

Principal Responsibilities

• 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

Required Qualifications

• 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

Preferred Qualifications

• Proficient working with Yardi and Argus software preferred

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.

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: .