Senior Associate, CMBS & Capital Markets - New York Life Investment Management LLC

February 22, 2018

New York Life Investment Management LLC

New York, New York 10010

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

New York Life Real Estate Investors (NYLREI) is the real estate investment arm of one of the nation’s largest mutual life insurance companies.  NYLREI manages over $50 billion in client assets, including commercial mortgages, commercial mortgage backed securities (CMBS), direct equity real estate ownership and other real estate related investments on behalf of both third party institutional investors and New York Life.

NYLREI has an immediate opening for a Senior Associate in our CMBS and real estate capital markets group. 

The position will entail the following responsibilities:

  • Analysis and management of CMBS.  The senior associate will analyze and research CMBS investments, including reviewing relevant offering materials, gathering independent research and input from NYLREI team members and touring properties.  They will produce and present investment memos and recommendations.  They will closely follow the CMBS industry and communicate their observations.  They will develop and maintain relationships within the CMBS industry and with internal constituents.
  • Investment Reporting and Surveillance.  Conduct portfolio surveillance and coordinate investment reporting to internal and external constituents.  Coordinate with team members to address credit concerns and prepare quarterly surveillance reporting.
  • Growing the NYL REI CMBS Platform.  The senior associate will support the marketing and research initiatives within NYLREI’s growing external asset management platform.

The successful candidate will have a strong understanding of real estate fundamentals gained from several years of experience in the following areas:

  • Underwriting or directly analyzing debt or equity real estate transactions.  Relevant experience may include roles debt or equity investments or with a rating agency.
  • Originating, analyzing or managing CMBS or other structured real estate investments in a sell side or buy side role.  Experience in other investment products or background may be beneficial.

The role requires proficiency with the MS Office suite of programs and leading real estate analytics vendors as well as strong verbal and written communications skills and a proven ability to manage multiple responsibilities in a demanding investment environment


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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.