Senior Investment Officer-Real Estate

We are proud to partner with our client, the Los Angeles County Employees Retirement Association (LACERA) in seeking a Senior Investment Officer-Real Estate. LACERA is headquartered in Pasadena, CA.  LACERA has been proudly fulfilling its mission to produce, protect, and provide the promised benefits, both retirement and retiree health coverage, of Los Angeles County employees and retirees for nearly 85 years. LACERA serves approximately 188,000 members which includes over 70,000 benefit recipients. LACERA is the largest county retirement system in the United States with approximately $75 billion in assets under management and more than $2.5 billion in Other Post Employment Benefit Trust (OPEB) funds.

 LACERA is seeking energetic, highly-qualified candidates for this newly staffed role, Senior Investment Officer – Real Estate position within its Investment Division. The successful candidate will play a leading role in shaping LACERA’s $5-8 Billion real estate allocation and leading a team through an evolution of the portfolio structure and investment process. The position reports to the Principal Investment Officer for Real Assets and oversees a six-person dedicated real estate team.

To learn more about the Responsibilities, Qualifications and Benefits please view the link below:

Position Specifications

To apply please send your resume to Tamara at tamara.wesely@eflassociates.com.

DESIRABLE QUALIFICATIONS

• Demonstrated experience in developing and implementing investment policies 
(e.g., Investment Policy Statement), procedures, asset category investment 
structures, and guidelines (e.g., Investment Program Guidelines) related to real 
estate investments in separate accounts and private fund vehicles in the 
achievement of broader portfolio strategic asset allocation objectives. 
• Demonstrated experience in a leadership role in an institutional investment 
portfolio management position for a real estate portfolio achieving superior returns 
relative to a relevant market benchmark within risk expectations and having a 
material role in recommending investment decisions, selecting investments, 
funds, or managers or making redemptions or asset dispositions. 
• Demonstrated experience executing co-investments in real estate. 
• Demonstrated experience in researching, evaluating, and monitoring existing 
public and private real estate investments at an in-depth level across a broad 
number of investments. Proficiency in analyzing data, using investment 
performance and risk analytics systems that include real estate, developing an indepth understanding of sources of relative performance and risks and 
synthesizing and summarizing historical performance results, and working with 
service providers such as custody banks, administrators, and investment 
consultants. 
• Demonstrated knowledge of real estate investment strategies and markets gained 
by investment industry experience being directly involved at a senior level in the 
investment decision-making process and management of an institutional portfolio. 
• Demonstrated experience in researching, evaluating, participating in the due 
diligence of, negotiating terms for, and establishing guidelines for external real 
estate mangers at an in-depth level across a broad number of potential investment 
strategies considered. Experience working with legal counsel on real estate 
investments. 
• CFA, CAIA, or other professional designation (or progress towards) is highly 
desired.