Chief Investment Officer
Beverly Hills, California United States
Job Title: Chief Investment Officer
Client is a real estate investment and operating company with a 25 year track record of delivering outstanding and above market returns to its investors. This success has been accomplished by focusing on the acquisition, development and redevelopment of under-valued multifamily and commercial properties. As part of the senior management team, the CIO will be responsible for establishing strategic direction for the company and influencing policy.
Support the company’ s goals of growth and expansion by effectively representing the company to new investors and partners
Primarily responsible for establishing and maintaining relationships with investors for company sponsored investments
Direct the company' s business development through managing the acquisition departments, investor relations, debt and equity placement, developing and maintaining a high net worth investor base.
Strategize and support CEO/CFO in financial planning activities
Manages the acquisitions, underwriting and disposition processes for Multi-Family and Commercial properties in multiple states. Directs and oversees the activities of the acquisitions team to ensure efficient operation, compliance with standards and procedures, and sound investment decisions.
Essential Duties and Responsibilities:
Business Development/Capital Markets
As part of the senior management team, responsible for establishing strategic direction for the company and influencing policy. The position is also on Partnership Track depending on individual’ s performance, contribution and experience
Develop and implement plans to maintain existing investor base and capture new investors across the spectrum (institutional, private, foreign, others)
Oversee the development of marketing materials, meetings, investor presentations, and events that will support the growth of the investor baseDevelop and maintain an investor customer service program
Work with senior team to grow the business by formulating strategies and business plans
Develop and maintain the firm' s debt placement program
Work closely with the CEO/CFO on annual capital needs and targets
Manage process for all capital raises
Treasury and Capital expenditure matters
Set appropriate goals and objectives for the Multi-Family and Commercial Acquisitions Department to achieve the company’ s overall investment goals.
Create and maintain relationships with brokers, banks, owners and oversee acquisitions team in managing broker and investor relationships.
Evaluate and improve acquisition policies and procedures to ensure efficiency, effectiveness, and ensure sound investment decisions.
Oversee the process of identifying and validating investment opportunities that meet the acquisitions strategy and align investments with capital.
Oversee the management of the diligence process, investment memorandum, and closing of the deal.
Ensure proper execution of all acquisitions transactions including: market analysis, pro-formas, feasibility, due diligence, investor relations, business plans, ROI analysis, underwriting, workout strategies; etc.
Structure financially complex transactions, including return on investment, IRR, waterfalls, regression analysis; etc.
Other duties may be assigned
Ensure own actions and department operations comply with company policies and procedures and applicable employment laws and regulations
Supervise acquisitions team of five or more
Provide leadership to staff by setting expectations, delegating work, monitoring progress, and providing performance feedback and training.
Abilities and Competencies
Business Development- Possess abilities in sales, negotiations, finance, and business growth
Analytical - Synthesize complex or diverse information; Collect and research data; Use intuition and experience to complement data
Planning/Organizing - Prioritize and plan work activities; Use time efficiently; Plan for additional resources; Set goals and objectives; Develop realistic action plans
Customer Service - Respond promptly and thoroughly to investor needs; Solicit investor feedback to improve service; Respond to requests for service and assistance
Oral Communication - Speak clearly and persuasively in positive or negative situations; listen and get clarification; Respond well to questions; Demonstrate group presentation skills; Participate in meetings
Written Communication - Write clearly and informatively; Edit work for spelling and grammar
Teamwork - Balance team and individual responsibilities; Exhibit objectivity and openness to others' views; Give and welcome feedback; Contribute to building a positive team spirit; Put success of team above own interests; Able to build morale and group commitments to goals and objectives; Support everyone' s efforts to succeed
Quality Management - Look for ways to improve and promote quality; Demonstrate accuracy and thoroughness. Meet commitments
Cost Consciousness - Work within approved budget; Develop and implement cost saving measures; Contribute to profits and revenue; Conserve organizational resources
Five to eight years as of Acquisitions and Business Development experience: Strong track record in sales, strategy, negotiations, corporate development, financial management, marketing, operations and customer service
Realistic understanding of the Real Estate industry
Entrepreneurial vision and business acumen, able to find growth opportunities in dynamic and competitive environment
Acumen and independent judgment to interact with high net worth clientele
Strong relationship-management ability, both internally and client-facing
Two years of staff supervision experience and project management
Bachelor degree or Master' s degree in Business, Real Estate, Finance, Marketing, Management or related field
Strong MS Excel skills and proficiency with other MSOffice software and other presentation software
Exceptional interpersonal and communication skills to expand and maintain long-term relationships with investors
A strong sense of passion, purpose and sense of humor