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TIAA

Sr. Director, Affordable Housing Portfolio Management

TIAA, New York, New York, us, 10261

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RE Portfolio Manager

The Real Estate Portfolio Management job manages large funds or multiple funds and works to implement and execute the organization's real estate investment strategy, including portfolio construction, market and asset selection, financing, and making investment recommendations. As a recognized subject matter expert in the field of portfolio management, this job ensures the successful delivery and accuracy of real estate financial analysis, investor reporting and presentations, and prospective investor marketing and due diligence. This job also works closely with real estate teams in acquisitions, asset management, development, and capital markets, as well as the distribution, product, research, finance and marketing teams.

Key Responsibilities and Duties

Evaluates extensive proprietary financial models to monitor and analyze the financial performance of the real estate portfolio, potential new investments, and financing.

Leads ongoing property valuations, reviews developed strategies for maximizing value, and develops hold/sell analysis in partnership with the assigned sector team.

Assesses the existing and potential operating characteristics of each real estate and/or property investment (i.e. revenue, expenses, capital expenditures, tenant credit, leases).

Works with real estate asset management, finance, and performance measurement teams to obtain portfolio/asset information and prepare performance analyses and reports that support the financial business decisions and development of the organization's portfolio management activity.

Reviews and approves investment memorandums and presents to management committees for investments.

Stays informed of real estate / property industry, market and property-specific research as well as competitive fund analyses to stay well-informed and ahead of trends and current issues impacting the real estate management business.

Works to support the fund raising and investor relations efforts including: setting and executing capital raising strategy, annual investor conference, advisory committee meetings, Due Diligence Questionnaire (DDQ) and Request for Proposal (RFP) review, fulfilling investor requests for information, investor on-site meetings, and ongoing investor relations management.

Maintains and grows relationships with real estate and property management industry experts, strategic partners, investors and fiduciaries to identify industry trends, discover potential capital sources and promote the organization's brand.

Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of real estate portfolio management projects and engagement, motivation, and development of team.

Educational Requirements

University (Degree) Preferred

Work Experience

5+ Years Required; 7+ Years Preferred

Physical Requirements

Physical Requirements: Sedentary Work

Career Level 8PL

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