Portfolio Manager - CMBS and Capital Markets

New York Life • New York, NY

81d • $150,000 - $200,000

About The Position

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance. As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others. You are our future, and we commit to investing in you accordingly. New York Life Real Estate Investors (NYLREI) is a division of NYL Investors LLC, a wholly owned subsidiary of New York Life Insurance Company. NYLREI manages over $70 billion in real estate-related assets including commercial mortgage loans, CMBS, and direct real estate equity investments on behalf of third-party institutional investors and New York Life's general account. Deputy Portfolio Manager will be a key member of the CMBS and Capital Markets group. The role focuses on CMBS investing, capital markets structuring, and platform development within a growing institutional real estate investment platform. This professional will work closely with internal stakeholders to identify and execute investment opportunities, manage surveillance and reporting, and expand NYLREI's capabilities in structured real estate debt investments.

Requirements

• Bachelor's degree required; advanced degree (MBA, CFA, MFE or equivalent) is a plus.
• Minimum of 10 years of real estate investment experience, with 5+ years focused on underwriting or directly analyzing debt or equity real estate transactions.
• Rapidly developing expertise in AI prompting and utilization.
• Experience with real estate analytics tools (e.g., Trepp, Intex, Bloomberg).
• Familiarity with business intelligence tools, Python is a plus and proficiency in MS Office Suite is required.

Nice To Haves

• An established network of existing relationships with the CRE finance industry.
• Demonstrated ability to manage multiple priorities in a fast-paced investment environment.
• High level of personal integrity and professionalism.
• Demonstrated ability to collaborate with cross-functional teams.
• Strong work ethic with a commitment to excellence.

Responsibilities

• Researching, analyzing and recommending all types of CMBS investments in a team environment with a primary focus on SASB CMBS.
• Collaborating with NYLREI's commercial mortgage debt platform to generate investment opportunities in SASB CMBS.
• Conduct portfolio surveillance and coordinate investment reporting to internal and external constituents.
• Assist in developing and executing capital markets financing solutions for NYLREI's structured debt platform.
• Collaborate with NYLREI's business development team to expand NYLREI's external asset management platform.

Benefits

• Flexible health care
• Retirement plans with employer match
• Tuition reimbursement
• Access to wellness programs and facilities
• Leave programs
• Adoption assistance
• Student loan repayment programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees