Career Opportunities

The Alaska Permanent Fund Corporation (“APFC”) is the largest sovereign wealth fund in the United States, with $54 billion of assets under management. We seek to create long-term value for the people of Alaska, the companies we invest in, and the partners with whom we work. We achieve this by partnering with extraordinary managers, prioritizing our deal flow and providing stable, long-term flexible capital to help companies scale and grow.

 

The APFC’s mission is the prudent and successful management of the Alaska Permanent Fund.  Our staff includes professionals in the fields of investment management, accounting, IT and administration.  APFC offers a challenging environment that encourages professional growth and recognizes individual accomplishments.

 

Do you prefer big mountains to big buildings?  Long summer evenings to long commutes?  Do you crave a healthy work/life balance?  Are you pursuing a rewarding career in the finance industry?  You will find all of these things and more at the Alaska Permanent Fund Corporation.  Juneau’s location between the Gastineau Channel and the Tongass National Forest allows us immediate access to world class marine and mountain wilderness.  Alaska’s capital city also has a vibrant arts and culture scene.

 

Our unique community allows our employees to pursue challenging and fulfilling activities in their professional and personal lives. 

For additional information on living and working in Juneau click here. or Choose Juneau

 

Execuitve & Board - Administrative  Specialist - Part Time *New*

Analyst - Public Equities

Analyst - Fixed Income + 

Senior Accountant

Senior Associate - Private Equity & Special Opportunities

Senior Associate - Private Markets

 

All positions are based in beautiful Juneau Alaska

 

 

Administration Team

Executive & Board Administrative Specialist - Part Time


This position performs all administrative functions in support of the Executive Director and Board of Trustees.  Extends the capabilities of the Executive Director by providing clerical and administrative support and by handling business affairs, confidential and sensitive information in a professional manner.

 

Key Attributes

 

  • Provides administrative support for Executive Director and the Board of Trustees

  • Must have demonstrated track record of exceptional organizational abilities
  • Solid technical proficiency including entire MS Office suite

Principal Responsibilities

 

Executive Director Support

  • Answers phones, schedules appointments and greets Executive Director’s visitors
  • Troubleshoots problems on behalf of the Executive Director as delegated or anticipated
  • Arranges Executive Director travel through APFC travel desk and monitors travel reimbursements
  • Presents the office of the Executive Director in polished professional manner

 

Board of Trustees Support

  • Arranges board travel and monitors travel reimbursements and honoraria.
  • Compiles data and prepares board packet information and presentation materials
  • Maintains a professional, effective working relationship with Trustees as their support liaison
  • Prepares and coordinates board meeting agendas with APFC’s Executive Team and the board
  • Works with staff to monitor compliance with Corporate Governance Policy
  • Prepares the upcoming year schedule of board meetings for Executive Director and board approval
  • Initiates the development of board meeting agendas
  • Arranges logistics for board and committee meetings and special related events
  • Takes meeting minutes and transcribes them for shorter meetings, or oversees the contracts for recording and transcription services
  • Attends local and out of town board meetings to provide administrative/clerical assistance to the board
  • Arranges annual meeting and associated events
  • Maintains summary minutes records and resolution record copies
  • Oversees the contracts for and scheduling of recording and transcription service for meeting minutes
  • Protocol expert for Board Meetings

 

Communications Manager support

  • Provides administrative and clerical support to the Communications Manager

  • Keeps the Communications Manager informed on status of projects

  • Conducts research and writes reports and presentations on special projects

  • Backs up certain duties of the Communications Manager as assigned

 

Research and special projects

  • Conducts, coordinates and reports findings on special research and other projects as assigned

 

Backup and other duties as assigned

  • Serves as backup to other administrative specialists

  • Performs other duties as assigned

 

 

Required Qualifications

 

  • 1-3 of executive administrative support

  • High degree of professionalism and confidentiality

  • Exceptional written and verbal communication

  • Ability to balance daily tasks with deadline based projects

 

Preferred Qualifications

 

  • Previous experience with meeting protocol

 

 

Investment Team

Senior Associate - Private Equity & Special Opportunities


Private Equity and Special Opportunities Overview:

 

Private equity and special opportunities together represent over $11 billion of investments.

 

In Private Equity, we uncover value by identifying great companies and partnering with outstanding investment managers and management teams. We aim to grow stronger enterprises and enable our portfolio companies and investment partners to build lasting value.

 

In Special Opportunities, our mandate is to leverage our stable, long-term capital and asset scale to source, evaluate and execute high conviction, higher concentration, theme-driven investments. The team operates with a flexible mandate centering primarily on situations stemming from supply and demand imbalances, capital flight, structural complexities or unique opportunities with asymmetric payoffs. Investments cover a wide spectrum including directly-sourced private equity, venture capital, and real estate transactions, co-investments alongside GPs, and ownership stakes in investment management firms.

 

Principal Responsibilities

 

  • Prepare written analyses and evaluations of investment opportunities for use by the senior team.

  • Support the execution of transactions.

  • Participate in internal and external meetings, due diligence, negotiation, and documentation

  • Work with senior management, GPs, legal counsel and intermediaries

  • Conduct research on targeted industries for investment purposes

  • Perform valuation analyses and risk assessment related to prospective investment opportunities

  • Design and develop financial models to assess the economic performance and prospects of targeted companies

  • Analyze financial data and developments in financial markets

  • Oversee current portfolio investments and analyze potential exit opportunities

 

 

APFC seeks to hire individuals who are highly motivated, and have demonstrated excellence in prior endeavors as well as:

 

Required Qualifications

 

  • Exposure to Private Equity/ M&A transactions/ origination experience

  • Experience with the analysis and execution of a range of deal types within PE arena

  • Experience with manager selection across various asset classes

  • An ability to self-motivate and exhibit a strong sense of maturity

  • Team player comfortable working in a smaller office environment

  • Flexible and self-motivated

  • Very high level of personal and professional integrity

 

Prefered Qualificiations

 

  • MBA or other advanced degree or a CFA designation would be a plus

 


 

Senior Associate - Private Markets


 

This position reports to the Director of Private Markets and will assist on executing and sourcing the Fund’s investment strategies in Absolute Return (Hedge Funds), Infrastructure, and Special Income.  New investments are pursued through a mix of Direct Investments, Fund Investments, and Co-Investments and the position will be involved in all aspects of the life cycle, from sourcing and screening new opportunities, to due diligence and negotiation of legal documentation, and through monitoring and evaluating exit opportunities.

 

Key Attributes

 

  • Partner with private markets Portfolio Manager and Director to assist in managing and monitoring infrastructure fund investments, as well as Special Income and Absolute Return (Hedge Funds) Portfolios

  • Support sourcing, executing and monitoring infrastructure direct investments

     

Principal Responsibilities

 

  • Monitor infrastructure fund investments and evaluate investments in infrastructure assets in order to assess the quality, characteristics, diversification and risks of the portfolio

  • Develop/maintain relationships with industry participants including other limited partner organizations, general partner groups, and industry experts

  • Screen new infrastructure fund opportunities and recommend funds for which full due diligence should be conducted with the assistance, if needed, from a third-party fiduciary or consultant

  • Perform quantitative and qualitative analyses of Infrastructure fund benchmarking

 

Infrastructure Direct Investments

 

  • Source attractive infrastructure direct investments and co-investments through ongoing communication with infrastructure GP’s, investment bankers, and other market participants

  • Lead due diligence efforts around direct investments and co-investments in infrastructure assets

  • Develop, utilize and analyze financial models to analyze corporate and project opportunities and conduct valuations both at the corporate and project level

  • Monitor growing portfolio of infrastructure direct investments and co-investments

 

Special Income Portfolio

 

  • Maintain pipeline of actionable opportunities in the market and screen investment opportunities

  • Assist in due diligence of Special Income investment opportunities

  • Participate in legal negotiations around limited partnership agreements and side letters

  • Perform quantitative and qualitative analyses of Special Income fund benchmarking

 

Absolute Return (Hedge Fund) Portfolio

 

  • Maintain working knowledge of the Absolute Return (Hedge Fund) investment landscape, including the most attractive managers to be investing with

  • Assist in due diligence of Absolute Return investment opportunities

  • Monitor existing investment portfolio and refine the portfolio analytics

 

Other Duties

 

  • Provide support and market intelligence to Tradable Income team around Listed Infrastructure efforts

 

Required Qualifications

 

  • Bachelor’s degree in Finance, Economics, Business, or a related field

  • 2+ years of experience working in private equity, infrastructure investing, mergers & acquisitions, hedge funds and/or investment banking preferred

  • Experience with developing financial cash flow models of investments, performing capital structure analysis, and valuation models;Experience as a fund investor and direct investor in the private markets (preferably with Real Assets or Infrastructure focus) or in the Absolute Return / Hedge Fund space

  • Exceptional communication with key stakeholders including working collaboratively with other departments involved in supporting the Alternative Investments portfolio.

 

Preferred Qualifications

 

  • CFA or other related professional certification is preferred

 

 

Analyst - Fixed Income +


 

The Fixed Income Analyst is primarily responsible for working with and leveraging the time of the Fixed Income Portfolio Managers. This newly created position will work with the portfolio managers to analyze the underlying collateral of structured products, help create and maintain models used for decision making in all sectors, build and maintain an asset allocation model and be responsible for creating/maintaining our new risk analytics system (Blackrock Aladdin). They will also be expected to provide analytical support to the investment process and perform ad-hoc investment analysis related to the investment goals and strategies.

KEY ATTRIBUTES 

  • Credit analysis of underlying collateral in structured products sector
  • Create/Maintain models used for decision making in all sectors
  • Create/Maintain strategic asset allocation model within publicly traded income producing sectors
  • Responsible for risk analytics systems
  • Produce standard and ad hoc reports as required

PRINCIPAL RESPONSIBILITIES
  • Analyzes securities, markets by performing credit and relative value analysis and provides input on the specific strategies/securities to invest
  • Candidates should possess extensive knowledge of the sectors, local markets and instrument types in order to implement the best course of action for the trade where multiple solutions exist
  • Performs a crucial role in researching the requirements to enable trading in new markets and/or instrument types and determining how these will be incorporated into current processes

REQUIRED QUALIFICATIONS
  • College degree and 2+ years related work experience in Business, finance, quantitative finance, economics or scientific degree with 3 to 7 years of investment management experience
  • Thorough knowledge in fixed-income analytics, along with the ability to apply the concepts to solve practical portfolio problems
  • Exceptional technical skills. The analyst will assist in progressing the technical aptitude of the entire fixed income team
  • Highly self-motivated and detail-oriented Ability to work accurately and maintain composure under pressure while meeting strict deadlines
  • Aptitude to gather relevant facts in a timely manner and make sound decisions quickly

PREFERRED QUALIFICATIONS
  • MB or MS in finance
  • CFA designation
  • Exceptional analytical and quantitative skills
  • Working knowledge of Blackrock Aladdin or Barclays Point

 

 

 

Analyst - Public Equities


 

This position assists the Director of Public Equities in: conducting qualitative and quantitative analysis to monitor and evaluate managers, their portfolios and organizations;  providing analysis of our Public Equity Portfolio; monitoring manager contracts; monitoring the portfolio’s compliance with investment policies; participating in transition management;  producing regular and ad hoc reports and performing other equity-related research projects as needed.

 

Key Attributes

 

  • External Manager Due Diligence and Performance

  • Analysis of the Public Equity Portfolio

  • Risk Models

  • Analytical, Self Motivated, Detail-oriented

 

Principal Responsibilities
 

Analysis

  • Analyzes portfolio structure and sources of active risk versus benchmarks

  • Performs attribution analysis of equity portfolio returns and compares to active risk sources

  • Prepares regular due diligence written reports on manager meetings and conference calls

  • Responds to inquiries from internal and external sources relating to equities

  • Prepares presentations for board meetings as needed

 

Manager Due Diligence & Performance

  • Assist in evaluation of investment managers in their ability to outperform relevant indices and peers
  • Research and analyze public equity investment managers in conjunction with APFC guidelines
  • Communicates APFC investment guidelines, policies and proxy voting policies to managers
  • Participates in equity manager selection and due diligence visits
  • Develops, recommends and implements portfolio rebalancing and restructuring
  • Monitors equity portfolio structure changes and coordinates deposits/withdrawals
  • Develops and recommends manager funding schedules
  • Works with custodian on equity portfolio matters

 

Manager Contracts

  • Works with managers, staff and legal counsel to advise and recommend contract terms

  • Evaluates fees, recommends changes and monitors managers for contract adherence

  • Processes contract modifications, change requests and renewals

  • Evaluates manager fees recommends changes

 

Corporate Governance

  • Monitors compliance with investment policies and guidelines

  • Recommends changes to equity investment policies, guidelines and manager benchmarks

 

Transition Management

  • Prepares risk analysis needed to support transition manager bid proposals

  • Recommends approaches to manage transition implementation risk

  • Manages transition manager pool and transition implementation process

 

Required Qualifications

 

  • Bachelors degree in Finance, Economics or Business Administration or quantitative fields such as Statistics, Mathematics or Engineering
  • Must have 3-7 years of related work experience in a consulting firm or a multi-manager setting
  • General understanding of investment asset classes, especially publicly traded equities

  • Aptitude for quantitative research, applied statistics and risk measurement methods

  • Understanding of the Capital Asset Pricing Model

  • Skill in developing efficient methods to produce routine reports

  • Ability to develop ad hoc or standardized reports and presentations for risk information in user friendly format using Microsoft Office Suite or other software

  • High level of personal accountability and ability to manage complex tasks and individual deliverables
  • Aptitude to gather relevant facts in a timely manner and make sound decisions quickly
  • Maintains proficiency with key analytical tools including:  BlackRock Aladdin Risk Tools, BarraOne; Callan PEP; Bloomberg; Microsoft Excel and Office Suite; Workbench or Custodian System
  • Develops methods for efficient production of routine analytical reports for total equity portfolio

 

Preferred Qualifications

 

  • MBA, MS in finance, or CFA designation.
  • Exceptional analytical and quantitative skills
  • Highly self-motivated and detail-oriented Ability to work accurately and maintain composure under pressure while meeting strict deadlines

 

 

 

Accounting Team

 

Senior Accountant


 

 

Key Attributes

 

This position partners with our Controller and investment teams to ensure that accounting operations are functioning smoothly and efficiently.  Ideal candidates will have over 5 years of accounting experience as well as the ability to mentor and support their team.  Candidates should be able to demonstrate a track record of improving accounting systems and procedures as well as strong technical capability. 

 

Principal Responsibilities

                                                                                                                             

Accounting Oversight

  • Maintains and builds new accounting, reporting, performance and reconciliation processes

  • Reviews data from managers and 3rd party administrator; and runs data integrity checks

  • Reconciles monthly bank statements and verifies administration and custody fees

  • Authorizes capital calls and maintains documentation supporting capital commitments and paid-in capital

  • Examines data received, researches problems and resolves differences between information sources

  • Generates monthly general ledger journal entries and processes G/L data to report values to custodian

  • Monitors and reports on compliance with contract requirements and investment policy

  • Independently calculates manager account performance and reconciles to the manager and advisor

  • Prepares reports for APFC Investments staff containing data necessary for quarterly Board presentations

  • Processes and verifies quarterly manager fee invoices

  • Reviews proposed changes to Investment Policy and contracts, with particular emphasis on fee calculations and measurability of compliance issues

 

Management

  • Serves as mentor to portfolio accountants, assisting with research and trouble-shooting

  • Creates staff work plans; clarifies expectations and standards; sets goals and objectives for continual professional development, including internal and external training

  • Reviews employee performance and partners with Human Resources regarding related documentation

 

Subject Matter Expertise

 

  • Acts as lead accountant on the functioning and use of database programming / functionality

  • Assists with testing and implementation of new versions or upgrades to applicable software

  • Partners with technical support team to create and maintain reports that provide accurate output

 

Support and Backup

 

  • Become fully versed in asset classes under supervision

  • Be able to perform all functions of asset class accounting in the absence of the portfolio accountant

 

Required Qualifications

  • Bachelor degree in Accounting or Finance

  • 5+ years related Accounting experience

  • 2+ years supervisory experience

 

Preferred Qualifications

 

  • CPA certification

  • Prior investment accounting experience