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New York Life Insurance Company · 12 hours ago

Real Estate Associate

Chicago, IL

Full-time

Hybrid

Entry Level

$75K/yr - $105K/yr

1+ years exp

New York Life Insurance Company is a premier asset manager and the largest mutual insurance company in the world. The Asset Management Associate will support asset managers in all analytic, operational, and strategic aspects of their business, including quarterly valuations, lease analysis, and due diligence for new acquisitions.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

This person will support the asset managers with analytic support including lease analysis, hold/sell models, JV waterfall calculations, quarterly valuations etc. They will support the performance of due diligence, including gathering and maintaining market statistics and coordinating the work of external consultants and appraisers

Support the asset managers on the timely completion and/or review of accurate quarterly and annual property valuation analysis

Participate in property level conference calls with asset manager, third party property managers and leasing agents

Review monthly financial and operational reports from property managers and/or JV partners

Monthly reconciliation of actual asset level performance to plan/underwriting

Process monthly capital funding requests and perform quarterly capital reconciliation with accounting and portfolio management

Assist in preparation and completion of Lease summary and required approval process

This person will also help prepare investment committee memorandums

Prepare and review property level financial investment valuation and performance models using Argus Enterprise and Excel based on information provided from various sources including acquisition officers, asset managers, outside brokers, appraisers, and other service providers

Maintain current real estate market data for areas under investment consideration, in addition to existing asset markets

Manage external sources of data (brokers, appraisers, etc.) in target markets

Assist asset managers with various valuation projects including quarterly and annual internal property valuations, hold/sell analysis, and lease analyses

Attend networking, industry, and market functions

Train others in the use of Excel and Argus valuation software, as necessary

Limited travel requirements to primarily the Texas and other Southwest markets

Qualification

Investment analysisExcelArgus EnterpriseCommercial real estateFinancial waterfall analysisAnalytical skillsCommunication skillsAttention to detailTeam collaborationCustomer focus

Required

1-3 years of investment analysis experience, preferably with an institutional investment company, brokerage company, or related real estate firm

A fundamental understanding of the commercial real estate market

Experience working on varied transactions including interaction with principals, developers, and brokers

Strong hands-on knowledge and abilities in Excel and Argus/Argus Enterprise

Strong analytical skills, aptitude, and experience

Excellent written and verbal communication skills

Attention to detail is a must

Ability to work independently and collaboratively, and to generate high quality output

Bias for learning, acting with agility and having a customer focus

Must meet deadlines and work with multiple asset managers

Preferred

An undergraduate degree in real estate, urban planning, finance, or economics is preferred

Prior experience with joint venture transactions, including financial waterfall analysis, is a plus

Familiarity with multiple real estate markets and experience with performance calculation a plus

Benefits

Leave programs

Adoption assistance

Student loan repayment programs

Company

New York Life Insurance Company

For over 180 years, we’ve helped turn your biggest dreams into milestones that last a lifetime.

Founded in 1845

New York, New York, USA

10001+ employees

https://www.newyorklife.com/

H1B Sponsorship

New York Life Insurance Company has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (149)

2024 (99)

2023 (85)

2022 (77)

2021 (48)

2020 (65)