Associate Asset Management Real Estate Equity

Manulife Investment Management

Boston, MA

Salary Estimate: $125,000.00 - $149,999.00

Employment Type: Full Time

Work Place: Hybrid

Experience Required: 5+ to 7 years

Education Required: 4 Year College

Job Description

Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation.  MIM’s real estate business currently manages $40B in AUM globally across equity and debt strategies on behalf of both Manulife’s general account, third-party funds and separate accounts. Across the Eastern region of the U.S., the portfolio includes a mix of office, retail, industrial, multifamily, and alternative assets, ranging from core to opportunistic strategies.

MIM is seeking an Associate, Asset Management to play a key role within the growing platform. The asset management team is responsible for creating and driving the business plans in the company’s US East region’s portfolio. The Associate is responsible for complex financial modeling and analysis as well as investment memoranda and will work closely with the Asset Manager in overseeing leasing, property management, capital projects, valuations, while gaining exposure to the Transactions and Capital Markets teams through dispositions and refinancings of assets within the region.  This role requires an individual who can bring enthusiasm each day to the workplace and demonstrates an ability to handle workload management and can perform during high pressure situations related to deadlines.  The position reports directly to a Senior Director, Asset Management.

Position Responsibilities:
  • Provide financial analysis and support for asset-level decision-making and transactions
  • Conduct quantitative and qualitative analyses and reporting across the region’s portfolio, delivering forward-thinking analysis to support decision-making and strategy
  • Conduct and/or support analysis for evaluation of leasing opportunities, capital projects, tenant credit and dispositions and refinancings. Develop and present findings for Senior Management, Portfolio Managers and Investment Committee
  • Assist with acquisitions and dispositions when applicable
  • Play an integral role in identifying market trends and extracting insights for the regional portfolio, contributing to market commentary produced by regional Asset Managers. Present and review with Senior Management and Portfolio Managers as required
  • Review and validate Yardi quarterly financials/operating statements and variance reports. Understand cash flow requirements and distribution analysis
  • Support ongoing loan compliance and credit/security monitoring activities Support asset-level business plans and valuation models.
  • Support Asset Manager coordination, production, and presentation of annual business plans to Senior Management and Portfolio Managers.
  • Build and maintain quarterly Argus models and support hold vs. sell analyses conducted by regional Asset Managers. Undertake model audits, quality assurance reviews, and support best practices compliance
  • Coordinate appraisal review and commentary by regional Asset Managers and conduct variance analysis to external appraisals
  • Support Asset Manager in oversite of leasing, property management, and capital projects.
  • Manage the collaboration with leasing brokers, including the review of LOIs, leasing documents, and outside broker listing agreements
  • Review and selectively audit asset-level financial reporting submitted from Property Managers, including capital commitment forecasts, expense recovery calculations, and funding projections. Oversee timeliness of Yardi financial and accounting information submitted from Property Managers
  • Handles special projects and ad-hoc analyses as assigned.
  • Works with MIM business leaders to communicate effectively both internally and externally
  • Serves as a mentor to analysts and contributes to a positive team culture.
Qualifications:
  • BA required, preferably in finance, accounting, real estate finance or business administration, or sufficient work experience. MBA or Master’s Degree with concentration in Commercial Real Estate is preferred
  • 4+ years of relevant experience required
  • In-depth knowledge of real estate investment, asset management, accounting and administration concepts
  • Ability to integrate top-down and bottom-up perspectives into investment recommendations
  • Capable of managing competing priorities and maintaining strong attention to detail under deadlines
  • Superior analytical and critical thinking skills (both quantitative and qualitative).
  • Able to successfully work in a team-oriented environment and partner with different functional groups
  • Demonstrated leadership skills and a strong sense of ownership
  • Strong work ethic, a high level of integrity, and the desire to take initiative
  • Excellent written and oral communication skills. Effective customer service and interpersonal skills. Strong organizational, time management and priority setting skills.
  • Focused and self-motivated teammate who balances independent thinking with the execution capabilities and core proficiencies of the rest of the organization.
  • Advanced proficiency with Microsoft Excel (financial modeling, creation of templates) and Argus Enterprise. Experience with real estate accounting systems required, experience with Yardi a plus
  • Limited travel
When you join our team:
  • We’ll empower you to learn and grow the career you want. 
  • We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. 
  • As part of our global team, we’ll support you in shaping the future you want to see.

Company Logo

Manulife Investment Management

1500+ employees

Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation.  MIM’s real estate business currently manages $40B in AUM globally across equity and debt strategies on behalf of both Manulife’s general account, third-party funds and separate accounts. Across Canada and the U.S., the portfolio includes a mix of office, retail, industrial, multifamily, and alternative assets, ranging from core to opportunistic strategies.

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