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Equity Asset Management Associate

Date Posted: Jan 5, 2019

Location: Los Angeles, CA, US, 90071

Company: MetLife

                                                      

 

Job Location: United States : California : Los Angeles  

 

Role Value Proposition: 

MetLife Investments 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. 

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Global Real Estate and Agricultural Investments maintain a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. Real Estate Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago.  The Associate in this role will be responsible for supporting the Asset Management team in addition to managing several assets independently. Property types include office, retail, multi-family, industrial, hotel and land holdings. 

    

Key Responsibilities:  

  • Develop and implement, through third party property and leasing teams, property level strategies for leasing, operations and capital expenditures.
  • Budgeting, forecasting and expense management to maximize recurring net income.
  • Coordinate the client reporting process (on a quarterly, annual and ad-hoc basis) to internal and external clients.
  • Manage leasing and management teams to maximize property performance (income/value).
  • Evaluate leasing opportunities and negotiate leases. 
  • Negotiate and maintain legal documents and contracts, including loan agreements. Coordinate and manage various internal/external resources and consultants (i.e., attorneys, environmental, construction).
  • Review third party property Valuations or prepare Argus Enterprise valuations for assigned portfolio.
  • Coordinate the sales process of designated assets including engaging brokers, evaluating bids, negotiating contracts, managing due diligence and closing.
  • Participate in pre-acquisition due diligence.  Manage the selection of property management and leasing teams by securing proposals, conducting interviews and preparing management agreements. Manage property transition process by working with internal bank relations, insurance and accounting departments.
  • Assure timely and accurate financial data.
  • Conduct other property related transactions with the property team to effectuate the business plan.

 

Essential Business Experience and Technical Skills:

Required:

  • Bachelor’s degree in an applicable business-related field; MBA or Masters in Real Estate equivalent preferred.
  • Results-driven professional with 5-7 years of experience in asset management of institutional commercial real estate assets.
  • Experience working with leasing and property management teams.
  • Experience in lease negotiation and structuring.
  • Strong computer skills including proficiency with Argus Enterprise, Excel, Word and PowerPoint.

 

Preferred:

  • Knowledge of building systems and operations issues.
  • Basic understanding of standard real estate legal documents such as leases, management agreements, appraisals and loan agreements.

 

Travel

Minimal

 

Business Category

Investments

 

Number of Openings

1

 

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.” 

 

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 106319 


Nearest Major Market: Los Angeles