Supports portfolio managers overseeing commercial real estate equity and debt investments. Responsibilities include investor and consultant reporting, buy/hold/sell analysis, market research, portfolio strategy, presentations, cash flow and financial projection development, performance attribution, investment market ranking, debt procurement, and automation of data-intensive analyses. The role requires collaboration across investment, asset management, accounting, legal, research, and IT teams, with occasional property and conference travel.
Location Designation: New York or San Francisco
About New York Life Investments
With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm's global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.
Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.
More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.
Business Overview
New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account.
Leveraging more than a century of real estate investment experience,
New York Life Real Estate Investors ("REI") believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.
POSITION OVERVIEW
The Portfolio Associate will be responsible for supporting three portfolio managers, and the rest of the portfolio management team in all aspects of portfolio management for the Madison Square Structured Investment Vehicle, the Madison Square Structured Debt Fund, and the Madison Square Value Enhancement Fund. This in addition to periodic contributions as needed for both the General Account portfolio and the Madison Core Property Fund portfolio. These combined commercial real estate private equity and debt portfolios consist of direct investments in approximately 175 assets located throughout the U.S., across a range of core, core-plus, value-add and opportunistic equity and debt strategies. Representative property types include industrial, office, self-storage, residential, retail as well as limited exposure to alternative investments, preferred equity investments, and debt investments. Assisting in the procurement of real estate loans (including back leverage on loan investments) from lenders is also a key part of the role. The Portfolio Associate will be a key contributor to the growth of the platform.
QUALIFICATIONS, SKILLS, AND ATTRIBUTES
• College degree, preferably in an investment- or quantitatively oriented discipline
• CFA Level 1 (or higher) strongly preferred; otherwise, an MBA with relevant classwork may suffice
• 4-8 years of investment experience in commercial real estate private equity and debt.
• 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 stakeholders
• 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.
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 Investment Management 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: $125,000-$140,000
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.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
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 hereto 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 the Foundation. 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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 95152
#BI-Hybrid
About New York Life Investments
With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm's global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.
Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.
More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.
Business Overview
New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account.
Leveraging more than a century of real estate investment experience,
New York Life Real Estate Investors ("REI") believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.
POSITION OVERVIEW
The Portfolio Associate will be responsible for supporting three portfolio managers, and the rest of the portfolio management team in all aspects of portfolio management for the Madison Square Structured Investment Vehicle, the Madison Square Structured Debt Fund, and the Madison Square Value Enhancement Fund. This in addition to periodic contributions as needed for both the General Account portfolio and the Madison Core Property Fund portfolio. These combined commercial real estate private equity and debt portfolios consist of direct investments in approximately 175 assets located throughout the U.S., across a range of core, core-plus, value-add and opportunistic equity and debt strategies. Representative property types include industrial, office, self-storage, residential, retail as well as limited exposure to alternative investments, preferred equity investments, and debt investments. Assisting in the procurement of real estate loans (including back leverage on loan investments) from lenders is also a key part of the role. The Portfolio Associate will be a key contributor to the growth of the platform.
QUALIFICATIONS, SKILLS, AND ATTRIBUTES
• College degree, preferably in an investment- or quantitatively oriented discipline
• CFA Level 1 (or higher) strongly preferred; otherwise, an MBA with relevant classwork may suffice
• 4-8 years of investment experience in commercial real estate private equity and debt.
• 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 stakeholders
• 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.
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 Investment Management 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: $125,000-$140,000
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.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
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 hereto 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 the Foundation. 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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 95152
#BI-Hybrid
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