SENIOR ASSOCIATE

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Date: Feb 8, 2021

Location: San Francisco, CA, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

Duties: Assist in all aspects of managing a private equity commingled commercial real estate fund, striving for superior risk-adjusted returns through asset selection, diversification, cash and leverage management, and buy-hold-sell analysis. Work across various departments including compliance, accounting, legal, acquisitions and asset management and provide guidance relevant to the management of the fund, including property purchases, property sales, fund investment strategy, financing strategy and recommendations, and communicate with investors, prospects and investment consultants. Efficiently and accurately complete detailed consultant and investor requests for quantitative information about the fund. Work with our in-house it department to improve and further automate the existing return attribution system that explains fund performance relative to its benchmark, and the company’s proprietary fund reporting software. Participate in discussions with the senior management team, representatives from the acquisitions group and representatives from asset management staff to discuss (and help provide strategic and execution guidance with respect to) potential asset purchases, individual property business plans, asset sales, target markets for investment, financing strategy and marketing strategy for the fund. Perform economic analysis about the fund and its investment strategy. Occasionally deliver presentations about the fund to consultants, prospects, and fund investors.

 

Requirements: Master’s degree (or foreign equivalent) in business administration, economics, finance or a related field, and three (3) years of experience employing equity and debt investment strategies across all major property types. Or alternatively: Bachelor’s degree (or foreign equivalent) in business administration, economics, finance or a related field, and five (5) years of experience employing equity and debt investment strategies across all major property types. Requires CFA designation. Specific skills/other requirements - three years of experience must include: Formulating short-term and long-term fund strategies including identifying target markets and potential asset disposition sand presenting the funds overall strategy to the fund’s investment committee. Analyzing and calculating property-level and fund-level performance. Submitting data to the NCREIF NFI-ODCE index, benchmarking individual property and fund-level performance. Evaluating consultant and investor requests for quantitative and qualitative information about the fund. Producing absolute and risk-adjusted performance reports for internal and external stakeholders. Evaluating and making recommendations based on fund and property-level return attribution results. Evaluating prospective acquisitions from a portfolio management perspective, reviewing underwriting in ARGUS ENTERPRISE, analyzing market research, evaluating business plan feasibility, and participating in on-site due diligence. Monitoring and evaluating current investments; analyzing the impact of all major property-level decisions (leasing, capex, refinancing, etc.) and hold-sell analyses on the performance and composition of the fund. Managing leverage and cash positions. Evaluating interest rate derivative and traditional debt valuations and their impact of the fund. Developing and managing research-based market selection screens for major property types that identifies strategic markets and submarkets with desirable fundamental attributes. 
 

EOE M/F/D/V

 

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Job Requisition ID: 83247 


Nearest Major Market: San Francisco
Nearest Secondary Market: Oakland

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