Norges Bank Investment Management (NBIM) is responsible for the management of the Government Pension Fund - Global (previously the Government Petroleum Fund), the Foreign Exchange Reserves and the Government Petroleum Insurance Fund. The portfolios are valued at more than NOK 2000 billion, and are invested in international fixed income and equity markets. NBIM provides exciting opportunities in an international environment for professional achievers. Our 200 employees are located in Oslo (Head Office), London, New York and Shanghai.

Manager - Real Estate Operations

The Norwegian Government intends to include real estate as a separate asset class in the Pension Fund – Global. The Ministry of Finance envisages that up to 5% of the Fund may be invested in the sector in the medium term. In order to build and manage its real estate and private investment operations, NBIM is seeking to strengthen its organisation with a highly qualified professional who will report directly to the Global Head of Investment Administration (IA).

The IA department performs portfolio administration services for all of NBIM’s investments. The group works closely with NBIM’s global administration and settlement service providers to ensure efficient and controlled order flows. IA is in the course of building its operational expertise for alternative asset classes, including support of the Capital Strategies department and the Real Estate team.

Responsibilities

• Work alongside the relevant internal groups and act as point of contact for external service providers on the following activities:
 administration of holding structures in various jurisdictions
 cash flow management (funding of acquisitions and capital calls and management of distributions)
 accounting, tax and regulatory filings.
• Participate in the on boarding and operational due diligence of new external fund managers and joint venture partners
• Interact with the finance and accounting departments of external real estate fund managers and joint venture partners on reporting and other operational issues
• Drive initiatives to continuously improve NBIM’s real estate systems and processes in line with international best practice
• Ensure that a comprehensive set of operational procedures is maintained

Requirements

• Master’s degree with strong academic records
• Relevant experience within real estate and/or private equity investment operations
• Strong focus on achieving goals
• Excellent communication skills, fluency in English is required

We offer

• Great challenges in an active and stimulating international environment
• An ambitious organisational culture striving for excellence
• Interaction with top quality global financial institutions
• Excellent possibilities for personal and professional development

The position is to be located in Oslo. Frequent travelling will be required, including periods in London with the investment teams. Women are encouraged to apply.

Questions regarding the position may be directed to Erik Parr, telephone 22 31 69 69 or Paul Golding, email pgo@nbim.no. Please visit our website www.nbim.no for more information about NBIM and how to apply, and please note that all applications must be submitted via our recruitment webpage.

Deadline for application is 20 December 2008.