Real Estate Associate
New York Life Insurance Company is a leading mutual insurance company and its subsidiary, NYL Investors LLC, focuses on real estate investment management. The Real Estate Associate will support asset managers in various analytic, operational, and strategic tasks related to real estate investments, including valuations and due diligence support.
Responsibilities
- Support the asset managers with analytic support including lease analysis, hold/sell models, JV waterfall calculations, quarterly valuations etc
- Support the performance of due diligence, including gathering and maintaining market statistics and coordinating the work of external consultants and appraisers
- Support the asset managers on the timely completion and/or review of accurate quarterly and annual property valuation analysis
- Participate in property level conference calls with asset manager, third party property managers and leasing agents
- Review monthly financial and operational reports from property managers and/or JV partners
- Monthly reconciliation of actual asset level performance to plan/underwriting
- Process monthly capital funding requests and perform quarterly capital reconciliation with accounting and portfolio management
- Assist in preparation and completion of Lease summary and required approval process
- Help prepare investment committee memorandums
- Prepare and review property level financial investment valuation and performance models using Argus Enterprise and Excel based on information provided from various sources including acquisition officers, asset managers, outside brokers, appraisers, and other service providers
- Maintain current real estate market data for areas under investment consideration, in addition to existing asset markets
- Manage external sources of data (brokers, appraisers, etc.) in target markets
- Assist asset managers with various valuation projects including quarterly and annual internal property valuations, hold/sell analysis, and lease analyses
- Attend networking, industry, and market functions
- Train others in the use of Excel and Argus valuation software, as necessary
- Limited travel requirements to primarily the Texas and other Southwest markets
Skills
- 1-3 years of investment analysis experience, preferably with an institutional investment company, brokerage company, or related real estate firm
- An undergraduate degree in real estate, urban planning, finance, or economics is preferred
- A fundamental understanding of the commercial real estate market
- Experience working on varied transactions including interaction with principals, developers, and brokers
- Prior experience with joint venture transactions, including financial waterfall analysis, is a plus
- Strong hands-on knowledge and abilities in Excel and Argus/Argus Enterprise
- Strong analytical skills, aptitude, and experience
- Excellent written and verbal communication skills
- Attention to detail is a must
- Ability to work independently and collaboratively, and to generate high quality output
- Bias for learning, acting with agility and having a customer focus
- Must meet deadlines and work with multiple asset managers
- Familiarity with multiple real estate markets and experience with performance calculation a plus
Benefits
- Leave programs
- Adoption assistance
- Student loan repayment programs
- Annual discretionary bonus
- Incentive program
Company Overview
Company H1B Sponsorship