Associate, Real Estate Investments

New York Life • Chicago, IL

94d • $95,000 - $130,000

About The Position

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.

Requirements

• 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.
• 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 products including senior mortgages, mezzanine and subordinated loans, and preferred equity.

Responsibilities

• Support commercial real estate debt and equity originators and equity asset managers.
• Involved in all aspects of the mortgage origination and equity acquisition process including underwriting, research, due diligence, negotiations, deal structuring, and closing.
• Perform financial modeling and investment analysis.
• Prepare internal investment memoranda.
• Participate in internal and external client meetings.
• Present to senior management.
• Conduct property/market tours.

Benefits

• Leave programs
• Adoption assistance
• Student loan repayment programs

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities