More jobs:
Managing Director, Portfolio Management, Private Equity Real Estate; Residential focused
Job in
Chicago, Cook County, Illinois, 60684, USA
Listed on 2026-06-02
Listing for:
Principal Financial Group
Full Time
position Listed on 2026-06-02
Job specializations:
-
Management
Portfolio Manager -
Finance & Banking
Portfolio Manager
Job Description & How to Apply Below
** What You'll Do*
* We are seeking a Managing Director, Portfolio Management to join our Retail & Residential team. In this role, you will lead our residential portfolio as well as provide additional support for retail investments, guiding portfolio strategy and execution for one of our more complex institutional real estate portfolios, helping maximize performance while aligning with the objectives of a large institutional pension client.
This position blends investment judgment, client leadership, portfolio oversight, and leadership, with meaningful influence on strategy, transactions, and long-term portfolio construction.
** Strategic Planning & Portfolio Strategy*
* + Shape and help drive residential portfolio strategy
Translate strategic direction into executable plans through operating partners and investment structures
+ Support development of new investment vehicles and structures designed to deliver strong risk-adjusted returns
+ Procure and negotiate agreements with operating partners, joint venture partners, and institutional counter parties
** Client Leadership & Market Engagement*
* + Serve as a senior client‑facing leader and trusted advisor to institutional investors.
+ Represent the firm with operating partners, brokers, and industry participants across the residential sector.
+ Maintain deep awareness of residential market trends and translate insights into portfolio actions.
** Portfolio Management & Investment Oversight*
* + Oversee a large, complex institutionalresidentialreal estate portfolio with a primary focus on multi‑familyand manufactured housing investments.
+ Direct execution ofvalue‑creation strategies across operating platforms and assets.
+ Review and approve investment decisions, capital allocations, and transaction recommendations for underwriting discipline, portfolio fit, and risk alignment.
+ Provide leadership on transaction structuring, pricing, and portfolio‑level impacts.
+ Represent the institutional client on management, investment, and governance committees.
** Valuation,*
* ** Risk** **& Reporting*
* + Partner with internal and external valuation consultants to execute portfolio valuation policy
+ Ensure consistency, analytical rigor, and compliance with regulatory and audit requirements
+ Oversee preparation and delivery of clear,decision‑oriented reporting for institutional clients and senior internal stakeholders.
** Leadership & Mentorship**
+ Mentor and develop investment professionals across the team
+ Promote high standards of analysis, accountability, and collaboration
+ Contribute to a culture of strong performance and continuous development
** Who You Are*
* + Bachelor's degree in finance, business, or related field; real estate focusstronglypreferred.
+ 15+ years of commercial real estate experience with deep residential portfolio management expertise, ideally within an institutional environment (allocator, operator, or GP).
+ Proven success supporting institutional clients, including pension plans, and serving as a senior client‑facing investment leader.
+ Demonstrated abilityandtrack recordofstructuring, negotiating, and governing joint venture investments with third‑party operators.
+ Strong background in residential investment strategy, portfolio construction, and risk management.
+ Experience across acquisitions, asset management, and portfolio oversight.
** Skills*
* ** That Will Help You Stand Out*
* +
Experience with complementary residential sectors such as senior housing, student housing, or manufactured housing.
+ History of influencing portfolio‑level decisions and capital allocation at scale.
+ Exceptional communication and presentation skills with institutional investors, consultants, and boards.
+ Proven leader witha track recordof developing high‑performing investment professionals.
+ Willingness to travel regularly to assets, operating partners, and client meetings.
** Salary Range Information*
* Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary…
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