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 positive economic impact and long-term value for our Alaskan constituents, 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

 

 

 

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 - Tradable Income


 

The Tradable Income Analyst is primarily responsible for working with and leveraging the time of the Fixed Income Portfolio Managers.  The T.I. Analyst will oversee analysis of non-traditional IG fixed income sectors that produce income such as REIT’s, Listed Infrastructure, Structured Credit, High Yield and Emerging Markets to determine the best investment vehicle options.  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

 

  • Responsible for monitoring external managers

  • Analyze and recommend income producing strategies outside of investment grade Fixed Income

  • Monitor portfolio of income producing strategies versus custom index and recommend weightings

  • Produce standard and ad hoc reports as required


Principal Responsibilities
 

  • Analyzes the markets, performs 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 

  • Primary point of contact on determining the new workflow and associated controls needed to effectively manage the new capabilities while minimizing risk.

 

Required Qualifications

 

  • Bachelors 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.
  • Highly self-motivated and detail-oriented Ability to work accurately and maintain composure under pressure while meeting strict deadlines
  • 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

 

Preferred Qualifications

 

  • MBA, MS in finance, or CFA designation.
  • Direct experience as an analyst for either REIT, Infrastructure, Structured Credit or fixed-income portfolios including Multi-Sector portfolios
  • Exceptional analytical and quantitative skills

 

 

 

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

 

 

 

Risk Analyst


 

This position will support the Director of risk management with and will have primary responsibility for risk analysis and measurement of the entire plan including both public and private portfolios.  Among other duties will perform pro forma analysis of asset rebalancing, stress tests, scenario analysis, and assessment of different Fund strategies.  Support thorough and comprehensive assessment and ongoing monitoring of the risk of current investment strategies which can result in an understatement of the risks the Fund is taking.

 

Key Attributes

 

  • Extensive knowledge of investment products, strategies and markets

  • Strong aptitude for quantitative research, applied statistics, and risk measurement methods

  • Deep understanding of the Capital Asset Pricing Model

 

Principal Responsibilities
 

  • Analysis of portfolio structure and sources of active risk versus benchmarks

  • Measurement of ex-ante active risk for public portfolios

  • Measurement of ex-post risk and tracking error using statistical methods

  • Develops understanding of risk management approaches of external equity portfolio managers

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

  • Prepares risk analyses needed to support transition manager bid proposals

  • Private Equity, Infrastructure cash flow and risk modeling

  • Analysis Risk modeling of proxy for private asset portfolios

  • Monitors portfolio positions, holdings as well as exposure to market, credit, and liquidity risks.

  • Develops cash flow models, capital structure analyses for private investments and methods for efficient production of routine risk reports

  • Maintains proficiency with key analytical tools including: BarraOne, Aladdin or other Risk Analytics tool; Wilshire Atlas; Bloomberg; Burgiss Private I and Private Informant; Private Equity Manager Web Portals; Microsoft Excel and Office Suite; Workbench or Custodian System

  • Special Risk-Related Research Projects

 

Potential asset classes:  public equity, private equity, infrastructure, hedge funds, external CIO, fixed income, distressed debt, and other asset classes as needed

 

Required Qualifications

 

  • Bachelor degree in Finance, Economics or Business Administration or quantitative fields such as Statistics, Mathematics or Engineering

  • Two years related work experience (four if two of those were as internships)

  • Understanding of portfolio structuring, risk control, management

  • Ability to engage and advise senior management

  • Skill in developing efficient methods to produce routine reports

  • Ability to develop reports and presentations for risk information in user friendly format

  • Exceptional analytical and quantitative skills

  • Analytical tool proficiency and routine risk report production

 

Preferred Qualifications

 

  • MBA, MS in finance, or CFA designation
  • Highly self-motivated and detail-oriented Ability to work accurately and maintain composure under pressure while meeting strict deadlines
  • Understanding of portfolio structuring, risk control, management

  • Ability to engage and advise senior management

  • 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

  • Strong oral and written communication skills

 

 

 

Accounting Team

 

Senior Accountant


 

Primary Responsibilities

 

  1. Lead, support and mentor the private assets group
  2. Oversight of absolute return and Credit Opportunities investment accounting
  3. Provide back-up for real estate investment accounting

 

This position directs accounting functions for Absolute Return, Distressed, Mezzanine Debt, Credit Opportunities, Infrastructure, Private Equity, Private Credit, and Direct Real Estate Investments.

 

Key Attributes

 

Ideal candidates will have several years in a Senior Accounting role and prior experience with alternative investments as well as the ability to bring the best out of their team.  CPA, prior supervisory and SQL database experience is a plus.  Candidates with a proven track record of improving accounting systems, procedures as well as demonstrated strong technical capability will be considered regardless of Investment Accounting experience.  Compensation is very competitive and commensurate on experience.

 

Qualifications

 

  • Bachelors degree in Accounting or Finance
  • Four (4) years related professional experience                                                                                                         

 

 

Information Technology Team

 

Network Systems Administrator


 

Primary Responsibilities

 

  1. Provides primary IT support for assigned team
  2. Plans for, recommends, specifies, installs, configures, documents and maintains systems
  3. Provides backup support for installing, configuring, and maintaining equipment and software for  additional systems in areas outside of the primary responsibility
  4. Work Schedule - 5:00 am to 1:00 pm Monday - Friday

 

Key Attributes

 

The ability to balance technical expertise and end user support will be critical to the success of candidate selected. Ideal candidates will have strong server experience as well as good communication skills.  Expertise in, Windows OS and MS Server Environment is expected.

 

Qualifications

 

  • Bachelors degree in Computer Science
  • Four (4) years related IT Experience

 

 

Data Warehouse


 

 Primary Responsibilities

 

  1. SQL, MS SQL Server & Relational Databases
  2. ETL & Reporting Tools (SISS and SSAS)
  3. Ability to communicate and work with both technical and non-technical team members

 

Key Attributes

 

The Data Warehouse Developer will be responsible for full ownership of the data warehouse systems and capabilities.  Strong collaboration skills to partner with other technical teams to design databases which meet technical and business requirements. 

 

  • Technical skills: Serves as a leader with responsibility for data warehouse analysis and design, and for ETL development and maintenance. Acts as a consultant to others in area of expertise.
  • Project Planning: Authors and executes projects plans for small projects.  Leads project Discovery teams.  Manages project interdependencies and issues.  Encourages collaboration.  Communicates project status. Identifies areas for process improvement and leads effort to update processes.
  • Communication and Influencing Skills: Able to document system functionality and specifications, assists with user manuals and training materials. Assists in facilitation of user sessions to determine requirements, reviews development, and solicit input, as needed. 
  • Business Sense: Understands the functions of related business units.  Knows where to obtain expertise (both IT and business), when that knowledge is needed on a project.  Able to translate business problems to technical solutions. Understands the work flows, policies and procedures, and their relationship to the business operation.

 

Qualifications

 

  • Bachelors degree in Computer Science
  • Four (4) years related IT Experience