STRS Ohio, STRS
The State Teachers Retirement System of Ohio (STRS Ohio) is seeking a Real Estate Research Officer to join its Investment Management team. Nearly two-thirds of STRS Ohio’s investment assets are managed internally by more than 100 Investment Department professionals.Established in 1920 and serving Ohio’s educators, STRS Ohio is one of the nation’s premier retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $95.3 billion as of June 30, 2024, in assets and paying more than $7 billion in benefits annually.STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center. At STRS Ohio, you can experience rewarding work in a professional, business casual work environment.
We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.
Compensation:
Competitive Pay
Work Schedule:
8:00am-5:00pm Monday through Friday, with up to two days per week remote work opportunities.
General Summary:
Under the direction of the director, Real Estate, acquire, compile and produce relevant market data and empirical research for the real estate department to assist in portfolio construction, risk management and asset pricing. Research and summarize, for various parties in the real estate group, data, models and analyses for private and public real estate markets.
Summary of Responsibilities:
Conduct timely quantitative research applied to asset pricing and portfolio management to support development and implementation of State Teachers Retirement System of Ohio (STRS Ohio)’s real estate investment strategies with a goal of meeting the long-term performance objective of the asset class (e.g., return attribution, asset pricing models, regression models and volatility modeling).
Assist the director, Real Estate in the preparation of the real estate portion of the Annual Plan through the collection and analysis of pertinent data and analysis. Update the senior real estate staff on a quarterly basis or as needed.
Research, evaluate, procure and catalog appropriate real estate economic and market data.
Stay current with important economic and regulatory trends and communicate their implications for real estate investments.
Meet regularly with the senior real estate staff to opine and create a dialogue about regional economies.
Conduct research, analyze data and present recommendations of potential real estate investments to acquisition officers.
Identify markets, property types and investment trends that could provide attractive new areas for investment. Make recommendations to senior real estate team.
The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under his/her supervision.
Summary of Qualifications:
Bachelor’s degree in economics, real estate or quantitative analysis with extended course work in real estate required.
Five or more years’ experience in economics and real estate investment research required. Experience must include analyzing real estate economic data.
Ability to operate Microsoft Office programs and relevant research tools and products to conduct analysis of local and national real estate markets and property types.
Familiarity in relevant programming languages and analytic frameworks (e.g., Python, R, MATLAB, SQL, etc.) is advantageous.
Ability to conduct research, analyze trends and make recommendations to senior management as required.
Ability to work with and preserve confidential information required.
Excellent oral and written communication skills required.
Interpersonal skills necessary to deal effectively and courteously with internal and external contacts required.
Excellent organizational skills and a high degree of accuracy and attention to detail required.
Proven ability to operate Microsoft Office programs and standard office equipment required.
Ability to work independently and in a team environment while meeting deadlines with minimal direct supervision required.Excellent work record of attendance, punctuality and the ability to maintain a flexible work schedule to meet business needs. Occasional evening, weekend and non-regular work hours may be required.
