Real Estate Investment Associate

New York Life • New York, NY

294d • $110,000 - $130,000

About The Position

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.

Requirements

• A business-related Bachelor's or Master's degree with a strong academic record, preferably in Finance or Real Estate.
• Two or more years of real estate investment/underwriting experience, preferably with 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.

Nice To Haves

• Strong analytical, quantitative and technical skills.
• Effective written and verbal communication skills.
• Clear thinker, creative yet thorough problem-solver, strong research skills.
• Positive demeanor, outgoing personality who works cooperatively with team members.
• Ability to work under time pressure, multi-task, and negotiate competing priorities.
• Self-motivated, pro-active, with a sense of urgency and conscientiousness.

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

• Full package of benefits including leave programs, adoption assistance, and student loan repayment programs.
• Annual discretionary bonus eligibility.
• Incentive program participation eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree