Senior Director - External Investment Management - Real Assets

This is a senior role reporting to VP Private Alternative Investments and working closely with Senior PM External Investment Management direct real estate investment team the Chief Investment Officer (CIO) and other senior Investments leaders and staff across asset classes with a primary focus on real assets investments with our external investment management partners. This role will work closely with other Public and Private Markets sector PMs and/or PMs the Asset Allocation Strategy group and Investment Operations. This key role will also collaborate in helping manage broad and/or specific aspects of portfolio construction related to the external mandates in real assets including infrastructure and real estate. Responsibilities will also include relevant collaboration on risk and performance analytics across private markets. The incumbent will also be supporting periodic investments economic and financial marketsrelated projects and initiatives related to asset allocation activities and also necessitate collaboration with internally managed portfolio management leadership as well.

The roles focus will primarily be private markets investments across real assets those are managed by our external investment management partners. The externally managed real assets portfolio has investments across a very wide range of styles and strategies. The role is expected to be very proficient with concepts including but not limited to private real assets including real estate and infrastructure and private equity including distressed special situations strategies. While private markets will be the primary focus of this role a good understanding of multi asset public and private investing is key to succeed in this role.

The role requires experience in constructing portfolios with private markets investment products with a strong understanding of the objectives of the overall investment process. The role will be responsible for performance across external real assets mandates serve as an interface for the investment team with the external investment managers. This includes researching new investments new and existing manager diligence and underwriting allocation or reallocation decisions communication to and from managers monitoring performance and risk of the portfolio. The role will also bring in best practices macroeconomic and market outlook to the broader portfolio. The role will closely work with investment operations legal tax and other support functions to ensure a seamless management of the external real assets portfolio.

Externally managed private real assets portfolio construction
Work with portfolio management leadership and CIO to build and develop strategy
Work with Asset Allocation to define focus areas for strategy selection manager diligence
Monitor current portfolio and strategies to determine if they are designed optimally
External Manager General Partner (GP) diligence selection and underwriting and monitoring
Build and maintain relationships with existing and new investment management partners
Have periodical portfolio review meetings calls to stay updated on performance and its drivers risk views and positioning
Explain drivers of performance to investment leadership
Recommend portfolio actions
Special strategic investments coinvestments and portfolio companies related investments
Collaborate with performance analytics for better return and attribution reporting
Collaborate on portfolio construction investments monitoring and risk management across asset classes within the overall total portfolio construction framework
Share insights from external real assets markets managers relevant to the total portfolio
Work closely with other senior investments leads on periodic adhoc and special research projects