Associate - Portfolio Management

Associate - Portfolio Management

City/Cities

Dallas, Los Angeles, Whippany

State(s)

California, New Jersey, Texas

Country

United States

Working Schedule

Full-Time

Work Arrangement

Hybrid

Travel Required

10%

Relocation Assistance Available

No

Posted Date

20-Feb-2024

Job ID

1586

Description and Requirements

Role Value Proposition :

MetLife Investment Management is a premier asset manager with breadth across various asset sectors and global markets, and strong asset-liability management capabilities. With a $500 billion combined domestic and international general account portfolio and a multi-billion dollar annual cash flow, Investments is an important contributor to MetLife's financial performance. The primary objective of Investments is to maximize MetLife's long-term economic value by investing in assets that support the company's liabilities and produce a consistent stream of operating earnings.

MIM Real Estate maintains a portfolio comprised of equity real estate, commercial mortgages and agricultural mortgages on behalf of MetLife and third-party clients. The Real Estate Equity Strategies Group (ESG) sources and manages commercial real estate investments through seven regional offices in the U.S. and International offices in London, Tokyo, Mexico City and Santiago. The Associate will support the Portfolio Management unit in ESG. Primary responsibilities for this position include overseeing the production of external client and internal management reporting and analytical support for MIM Real Estate's approximate $14 billion Managed Account platform. The Associate will also provide broader Portfolio Management Operational support for other real estate investment accounts within the ESG.

Key Responsibilities:

• Support the MIM Real Estate Portfolio Management and Operations team in driving portfolio performance and platform growth including the execution of new Ventures or addition of new investments.

• Establish strong working relationships with MIM's Client Services Group, Finance Department, and the Acquisition staff and Asset Managers in the Real Estate regional office network.

• Coordinate the completion of monthly / quarterly / annual internal and external client reporting packages.

• Review account performance / exposure vs. benchmarks, such as NCREIF.

• Provide financial analysis support at the asset and portfolio level for new and existing investments or opportunities.

• Support the Equity Strategies Operations Group and Portfolio Manager in special projects related to the expansion of MIM Real Estate's Investment Management platform.

• Seek to elevate the client facing reporting and portfolio analytics of the Real Estate Managed Account portfolio.

• Evaluate new investments for inclusion in the various client portfolios and implementation of modeling client fee structures for net return.

Essential Business Experience and Technical Skills:

Required

• Ability to work within a collaborative team environment, effectively handling multiple issues, prioritizing deadlines appropriately and remaining flexible and professional.

• 3-5 years of relevant experience in institutional real estate, preferably in asset management and/or acquisitions.

• Strong analytical skills, including advanced Excel and Argus Enterprise modeling, joint venture waterfalls and promote structures.

• Familiarity with real estate specific applications, such as Argus Enterprise, View The Space (VTS), DealPath, Chatham Financial and MRI/Yardi a plus.

• In order to post for this position, you need the proper work authorization to work in the country where the position is located and not require relocation assistance.

Preferred

• BA/BS in real estate or finance preferred, MBA optional.

At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to making a difference in the lives of our customers."

The wage range for applicants for this position is $112400 to $130700. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

About MetLife

Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's#AllTogetherPossible (~~~) . Join us!

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at ~~~. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.