Portfolio Analyst, Commercial Real Estate Private Equity

Location Designation:Hybrid - 4 days per week

THE POSITION: Portfolio Analyst, Portfolio Management

REPORTS TO: Deputy Portfolio Manager

POSITION OVERVIEW

The Portfolio Analyst will be responsible for supporting the two portfolio managers, the deputy portfolio manager, and the rest of the portfolio management team in all aspects of portfolio management of both the General Account portfolio and the Madison Core Property Fund portfolio. These two commercial real estate private equity portfolios combined consist of direct investments in approximately 175 assets located throughout the U.S., primarily core assets in the property types of industrial, office, self-storage, residential, and retail. There is also limited exposure to non-core assets, preferred equity investments, and debt investments. Assisting in the procurement of real estate loans from lenders is also a key part of the role.

QUALIFICATIONS, SKILLS, AND ATTRIBUTES

• Bachelor's degree, preferably in an investment- or quantitatively oriented discipline
• CFA Level 1 (or higher) or MBA strongly preferred
• 2-4 years of investment experience in private equity commercial real estate. Only 1 year of experience may suffice for the candidate who is otherwise highly qualified
• Solid understanding of investment theory and quantitative methods
• Strong working knowledge of Excel
• Experience working with discounted cash flow models (typically in ARGUS Enterprise or Excel), with a willingness to become proficient at ARGUS Enterprise
• Experience procuring and managing commercial real estate debt preferred
• Ability to write quickly and effectively, with a strong grasp of grammar, syntax, and style, for both internal and external audiences
• Attention to detail
• Ability to analyze and summarize large amounts of information, identifying key components and making informed estimates where needed

• Ability to effectively work with others, including senior management and various individuals in asset management, acquisitions, accounting, research, legal, and IT departments
• Ability and comfort in making oral presentations
• Ability to work independently, and prioritize decisions and tasks that will be most impactful for the organization and team
• Advanced Excel proficiency with AI enhanced optimization experience a plus. Expertise in Excel's advanced functions, with ability to use AI tools to generate or refine complex formulas a plus. Experience with Excel Power Query a big plus.

KEY ROLE RESPONSIBILITIES

• Efficiently and accurately complete detailed consultant and investor requests for quantitative information
• Develop the ability to quickly form a buy/hold/sell opinion, and justify it, based on the evidence at hand, including an asset's discounted cash flow model, the submarket and its outlook, and other factors
• Perform research about the economy, local and national real estate markets, and existing and potential investments
• Participate in discussions about portfolio management and investment strategy
• Participate (and occasionally present) in presentations to consultants, prospective investors, and the New York Life real estate investment committee
• Occasionally travel for property visits and real estate conferences
• Support the portfolio management team in producing cash flows and other financial projections
• Find ways to streamline or automate various data-intensive analyses, including performance attribution and the ranking of potential investment markets
• Work collaboratively with others across various departments to provide support or guidance, or to obtain needed information

Pay Transparency

Salary Range:$100,000-$130,000

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 theFoundation.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.

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Job Requisition ID: 92507