Real Estate Investment Associate

Location Designation: Hybrid - 4 days per week

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.

The Investment Associate will primarily support commercial real estate debt and equity originators and equity asset managers and will be involved in all aspects of the mortgage origination and equity acquisition process including underwriting, research, due diligence, negotiations, deal structuring, and closing. Financial modeling, investment analysis and preparation of internal investment memoranda are the core aspects of the job. The candidate will also participate in internal and external client meetings, presentations to senior management, and property/market tours.

This position offers an outstanding opportunity to develop a solid career in commercial real estate, work on large and complex transactions, and interact with many of the premier players in the industry. The right candidate has useful experience/training, is interested in institutional quality commercial real estate and finance as a career, has strong analytical abilities, communicates clearly, can multi-task, works hard, is a self-starter, is outgoing and works cooperatively in a team environment.

Skills And Qualities

• Strong analytical, quantitative and technical skills
• Effective written and verbal communications skills
• Clear thinker, creative yet thorough problem-solver, strong research skills
• Positive demeanor, outgoing personality who will work cooperatively with other team members
• The ability to work under time pressure, multi-task, and negotiate competing priorities
• Self-motivated, pro-active, sense of urgency, conscientious, takes pride in providing high quality work product
• Working knowledge of various commercial real estate asset classes including office buildings, shopping centers, multifamily properties, industrial buildings, and other specialty asset types.
• Understanding of various debt product including senior mortgages, mezzanine and subordinated loans, and preferred equity.

Qualifications

A business-related Bachelor’s or Master’s degree with a strong academic record and with a strong preference for a concentration in Finance or Real Estate. The candidate should have two or more years of real estate investment/underwriting experience preferably working for an institutional investment company, commercial lender, brokerage company, appraisal firm, or related commercial real estate firm. Proficiency in Argus and advanced modeling skills in Microsoft Excel is required.

Pay Transparency

Salary Range: $90,000-$125,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID: 91703