Sr Portfolio Manager, Real Estate & Private Equity - Constellation

Job Description

Description

At Exelon, we've got a place for you!

Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.

Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.

Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!


PRIMARY PURPOSE OF POSITION

    This position reports to the Managing Director of Return-Seeking Investments. The position is solely responsible for identifying, implementing and monitoring all of Constellation’s real estate and private equity investments.  The position will help to develop investment strategies for pension funds, retiree healthcare portfolios, nuclear decommissioning trusts, and employee saving plans.  The candidate should have a background in private real estate investment; other private markets investment experience is preferred. 

PRIMARY DUTIES AND ACCOUNTABILITIES   

1. Responsible for sourcing, diligence, and ongoing monitoring of external managers across private and public real estate (~$2.8 billion) and private equity (~$1.4 billion)

• Lead strategy, recommendations, and coverage for real estate and private equity asset classes and investment managers
• Source new and monitor existing external manager investments, including onsite due diligence of domestic and foreign investment managers
• Prepare investment memoranda and quarterly reports including preparing quantitative analysis, reviewing investment performance, and preparing manager summary reports for senior management  
• Develop and recommend for implementation, strategic investment plans, policies and guidelines for real estate and private equity asset classes
• Owns all aspects of the real estate and private equity investment programs

 2. Collaborate with colleagues by providing input in team discussions on overall portfolio priorities, tactical asset allocation decisions, and other Investment Office policy-related questions; assist with diligence on an as needed basis with investments in other asset classes, with an emphasis on less liquid strategies.

 3. Support Investment Operations team to ensure investments are in compliance with legal, tax, accounting, and other reporting requirements on a timely basis.

 4. Prepare and present on related topics of interest to Constellation’s Corporate Investment Committee and the Constellation Board of Directors as appropriate.

JOB SCOPE

• At the direction of the CIO and Managing Director for Return-Seeking Investments, manage Constellation’s real estate and private equity portfolios.
• Act as a resource to and collaborate with other members of the 15-person team
• Extensive outreach to existing and prospective investment managers (including travel for manager meetings and conferences).  Travel: Estimated 2 trips per quarter, or as needed, including international travel
• Collaborate with legal, tax, actuarial, audit, accounting, corporate planning and nuclear decommissioning professionals within and outside the compan
• Network with peers at other corporate plan sponsors and asset ownersAssets under management: ~$2.8 billion real estate and ~$1.4 billion private equity out of ~$30 billion total trust assets (pension fund, retiree healthcare portfolios, nuclear decommissioning trusts, and employee saving plan)
• Work within the framework of Constellation’s business policies and procedures, including standards for internal business controls and ethics
• Work Arrangement: Flexible hybrid, with frequent team meetings in Chicago, IL.  Specifics will be determined based on the candidate and company policies

Qualifications

MINIMUM QUALIFICATIONS

Undergraduate degree in Accounting, Finance, Economics or related degree 
MBA or CFA or other advanced degree/certification 
Minimum 10 years financial experience with demonstrated leadership in a Financial, Investment, Risk, Actuarial and/or Treasury function
Strong knowledge of private markets, as well as investment principles and capital markets more generally
Experience with manager due diligence, manager selection and portfolio construction
First-hand knowledge of private markets investment strategies and investment structures
Demonstrated ability to analyze investment decisions and impacts on the portfolios
Excellent written and verbal communication skills 
Embraces flexibility and willingness to make contributions outside of their core area of focus
Highly organized, motivated, self-starter capable of working independently 
Strong team player and collaborator with impeccable ethics and integrity

Preferred:
Experience working for a pension plan sponsor, endowment or foundation, insurance company or other institutional asset owner
Fluent with performance and portfolio management tools such as Caissa or Solovis 
Ability to analyze relevant accounting/tax/regulatory policies and determine financial impact on trust funds

Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

VEVRAA Federal Contractor