Director, REOC Strategy & Analytics
About The Position
Play a key role supporting one of the largest and most sophisticated pension funds in the United States. This is a unique opportunity to sit at the intersection of strategy, investment management, and real estate operating company (REOC) oversight—partnering directly with senior leaders of the client, internal senior management, and operating company executives across the US. In this role, you’ll shape enterprise-level strategy for a multibillion-dollar real estate platform, support the creation and governance of new operating companies, evaluate entity-level performance, and help drive major initiatives such as recapitalizations, option exercises, and strategic growth opportunities. About Principal Asset Management Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $579.8 billion in assets including $102.2 billion in real estate assets, and recognized as a “Best Places to Work in Money Management” for 13 consecutive years. Through its real estate platform, Principal Asset Management is recognized as a top-10 global real estate manager, with decades of experience across the full spectrum of commercial real estate—spanning public and private equity as well as public and private debt.
Requirements
- Bachelor's degree in finance, economics, real estate, or related field
- 10+ years of relevant experience in private equity real estate, REOC management, investment management, real estate strategy, or real estate debt.
- Commercial, strategic, and comfortable engaging with senior leadership with strong presence and credibility.
- Proven ability to think strategically while managing tactical, detail-heavy workstreams.
- Excellent communicator – clear, confident, and capable of distilling complexity into actionable insights.
- Ability to manage multiple priorities, anticipate client needs, and operate independently.
- Willingness to travel, including periodic visits to the client’s headquarters and REOC offices.
- This position may be subject to SEC restrictions on personal political contributions.
Nice To Haves
- MBA and/or CFA preferred.
- Experience working with real estate joint venture partners (structuring, negotiation, governance, or partner communication) is strongly preferred.
- Experience engaging with large institutional investors is a plus.
Responsibilities
- Provide strategic and analytical support across a portfolio of existing and prospective REOCs—helping evaluate performance, enterprise value, governance structures, and long-term entity strategy.
- Partner with senior leadership to assess new verticals, new operating company structures, and business plan execution.
- Support the review and screening of new REOC opportunities in North America and Europe, including preparing materials and strategic analysis for client decisioning.
- Lead analytical work for select asset-level assignments tied to REOC-managed equity and debt portfolios.
- Provide high-level oversight on property-level performance as needed, including major developments, recapitalization events, or transition plans.
- Support entity-level recapitalizations, joint venture restructuring, purchase option analysis, and opportunities to increase or decrease ownership stakes.
- Analyze and recommend capital structure solutions that align with client objectives and operating company capabilities.
- Work directly with senior staff at the pension fund, its REOCs, and internal leadership to deliver insights, recommendations, and strategic proposals.
- Support special projects involving broader real estate portfolio initiatives—including those outside the REOC structure.
- Assist in developing scopes of work, pricing proposals, and project deliverables for complex strategic initiatives.
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
5,001-10,000 employees
