Westchester Group Investment Management (WGIM) is an agricultural asset management company that owns and operates farms located in many of the most important growing regions of the United States, South America, Europe, Australia, and New Zealand. WGIM has over $8 billion of assets under management, making it the largest global agricultural asset manager. The company is part of Nuveen, a global investment management company whose parent company is TIAA.
WGIM is seeking a Water Resource Specialist to join the Horticulture team, which is based in Fresno, California. This team is responsible for managing the company’s expanding global portfolio of tree crop investments, currently valued at over $900 million. The bulk of this portfolio is located in the Southern San Joaquin Valley. While our relatively small office (less than 10 people) is collegial, this is a strong, efficient team on which everyone is expected to be a reliable contributor.
The position requires expertise in California water, with an emphasis on the Sustainable Groundwater Management Act (SGMA). Responsibilities include evaluating the impacts of SGMA, managing existing water supplies, acquiring supplemental surface and ground water supplies, attending key irrigation district and Groundwater Sustainability Agency meetings, influencing the evolution of Groundwater Sustainability Plan implementation, interacting with key water district staff/legal counsel to stay informed on policy and legal issues, and overseeing the activities of water consultants.
The requisite background and skills include knowledge of California water law and the operations of the major water projects and water districts in the State, financial concepts and modeling, the ability to identify and evaluate water investment opportunities, negotiation, and research/report writing.
The Water Resource Specialist will report to the CEO of Horticulture and will work closely with a team of agricultural asset managers.
1. Research and evaluate California water and regional impacts relating to SGMA
-Attend key water agency meetings of regional and statewide importance
-Influence policy, management issues and evolving groundwater limitations related to the ongoing implementation of Groundwater Sustainability Plans (GSPs)
-Continue to evaluate the likely impacts of SMGA on the existing portfolio (adaptive management)
-Develop strategies for dealing with SGMA vis-à-vis the existing portfolio and potential acquisitions
2. Manage the water supplies available to the existing portfolio
-Manage existing water supplies and develop water budgets
-Monitor irrigation water use and work with crop managers to improve efficiency
-Develop strategies to improve the reliability of existing water supplies
-Oversee the acquisition of surface and groundwater assets
-Draft water investment proposals
-Negotiate water acquisitions
-Develop systems to track, monitor, and account for water transfers between properties and clients
3. Evaluate water rights of properties targeted for acquisition
4. Provide expertise on water costs, reliability, markets, trends, issues and policies
5. Oversee the activities of water consultants
-Bachelor’s Degree in Resource Economics, Resource Management, or related discipline
-Minimum three years working in water management
-Excellent written and verbal communication skills
-Strong analytical skills
-Advanced Excel skills
-Office environment, located in Fresno, CA. If desired, the right candidate could opt for a home office located elsewhere in the San Joaquin Valley
-Regular day trips, primarily in California
-Other occasional domestic and international travel
Salary: Competitive and commensurate with experience.
Benefits: Includes medical, dental, vision, and 401K plans.
Please submit a resume and cover letter that describes your qualifications for this position.
Job Type: Full-time