Investment Officer Real Estate, P4 (Job ID # 23300) recruitment
Responsibilities
- The real estate portfolio of the UNJSPF consists of 48 investments in open and closed end real estate funds totaling over $1.8 billion.
- The incumbent will be responsible for the following functions:
- Manages a portfolio of open ended and closed ended funds within the real estate investments of the Fund, under the direction of the Senior Investment Officer- Real Estate.
- For the assigned portfolio, attends all advisory board and annual meetings, performs regular reviews and evaluations of managers, as well as an annual strategic review for each fund, in order to optimize investment return at minimal risk.
- Participates in interviews of new fund managers, assisting with due diligence on new investments, as well as the process of reviewing of fund documentation.
- Balances long-term strategies to achieve results superior to benchmarks by assisting the Senior Investment Officer in constructing and monitoring the portfolio through dedicated research while complying with risk control parameters as delineated in the Investments Manual.
- Works with the Advisor and Master Record Keeper to synchronize financial reporting.
- Promotes a high standard of transparency and accountability in all respects of the management of the assets of the Fund through record keeping; coordinates production of investment data that is accurate and timely; interacts effectively with Internal and External Auditors to ensure that assets are fully protected.
- Conducts research and analysis of investments through ongoing communications with other investors and financial institutions and fund sponsors.
- Prepares reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as, Investments Committee and Portfolio Review meetings, and ensures the availability of accurate data on the Fund's real estate investments.
- Participates in quarterly Investments Committee meetings; implements asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF.
- Ensures that the Director of IMD and the Representative of the Secretary-General for the investments of the UNJSPF have accurate and timely reports on real estate investments and related matters for the UNJSPF Board, the Advisory Committee on Administrative and Budgetary Questions
- (ACABQ), the Fifth Committee and the General Assembly by producing papers on real estate investment-related subjects.
- Coordinates investment-related work in IMD by evaluating the quality of the advice of recommendations submitted by research providers; appraises performance of external managers employed in the region.
- Ensures that IMD maintains a high level of professional investment expertise and knowledge by exploring published economic and investment material provided by investment brokers, banks, government sources, financial analysts and fund sponsors.
- Participates in regular meetings/discussions with the designated investment advisors and other sources of information; participates in seminars on investment topics; participates in meetings with top management of companies of interest or potential interest to the Fund, when requested by the Senior Investment Officer.
- Exchanges views and provisions of advice and guidance to colleagues within IMD; supervises and trains staff to improve skills and expand experience in order to increase motivation and promote superior performance by all staff members.
- Must be able to travel domestically and internationally at least monthly.
- Recruits staff for IMD subject to approval of the Director of
- IMD, taking due account of geographical and gender balance and other institutional values.
Competencies
Professionalism: Demonstrated ability and sound knowledge of commercial real estate markets, private equity investment structures and commercial real estate portfolio management;
Ability to work under pressure, accurately, efficiently and effectively.
Ability to utilize various portfolio management tools and familiarity with MS Office programs, notably MS Word and Excel are required.
Take responsibility for incorporating gender perspectives and ensure the equal participation of women and men in all areas of work.
Teamwork:
Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others' ideas and expertise; is willing to learn from others;
Places team agenda before personal agenda; supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position;
Shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
Planning Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.
Education
Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics, or related field is required. A first level university degree in combination with academic qualifications and experience in real estate portfolio management may be accepted in lieu of the advanced university degree. Chartered Financial Analyst (CFA) is desirable.
Work Experience
At least seven years of professional experience related to analysis and/or management of private investments in commercial real estate markets, are required. Experience with public investments in commercial real estate is desirable. Experience in Pension funds, Endowments, Foundations, and private real estate fund sponsors or owners is required.
Languages
English and French are the working languages of the United Nations Secretariat. For this post, fluency in oral and written English is required. Working knowledge of another official language of the United Nations is desirable.
Assessment Method
Case method and competency based interview.
Special Notice
Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers In accordance with established rules and procedures.Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.
United Nations Considerations
The United Nations shall place no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
No Fee
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS' BANK ACCOUNTS.
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