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Associate - Valuation - Real Estate

Date Posted: Jan 13, 2022

Location: Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition: 

MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $651 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate.  Visit us at www.metlife.com/investments to learn more.

 

The Real Estate & Agricultural Finance team within MIM maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. Real estate investments under management totaled $25 billion as of 3/31/2021. 

 

The Valuations Associate (VA) will be a high profile and integrated position in the MetLife Investment Management (MIM) organization. The VA will support the Head of Valuations in preparing analyses for and making presentations to senior management and will have regular interaction with outside valuation vendors and MIM regional offices. The VA will play a key role within the Valuations function, establishing market values for MIM real estate holdings, benchmarking of valuation assumptions, summation of portfolio level valuation results, and resolution of complex valuation issues. In addition, the VA will be visible in the industry through direct participation at trade organizations and interaction with key individuals at prominent valuation and valuation management firms.

    

Key Responsibilities:  

  • Assist in the review of quarterly valuations performed by external valuation consultants and MIM asset managers pertaining to a diverse portfolio of institutional office, apartments, hotel, retail and industrial assets in major U.S. markets.
  • Direct responsibility for management of process and the review of appraisals prepared in conjunction with mortgage originations for loans that have FIRREA compliance mandate.
  • Assist in management of process and the review of appraisals prepared in conjunction with agricultural mortgage originations for loans that have a FIRREA compliance mandate.
  • Support the Director of Valuations in provision of oversight and guidance to consultants, asset managers, and loan officers on complex issues including valuation of properties under construction, marking debt to market, partial interest valuations, etc.
  • Assist in the consolidate valuation results by property type and geography for trend analysis and benchmarking.
  • Compare valuation assumptions to those used in prior valuations to determine key drivers of value change.
  • Participate in quarterly presentation to senior management of valuation results, trends, anomalies, issues and the resolution thereof.
  • Enhance Valuation platform and visibility in industry through participation at industry conferences and interaction with senior staff at prominent valuation and valuation management firms.
  • Development, communication and ensuring compliance with best-in-class valuation policy and procedures.

 

Essential Business Experience and Technical Skills:

Required:

  • Strong real estate valuation and financial modeling skills in both Argus Enterprise and Excel are required
  • 3-7 years of relevant commercial real estate valuation experience in an institutional setting.
  • Advanced analytical abilities and excellent demonstrated written and verbal communication skills are required.
  • Bachelor of Science degree in real estate or a related discipline is required.
  • Travel is required, from 5% to 15% of work time annually

Preferred:

  • Experience with FIRREA lending standards and agricultural property (farms, timber, etc.) a plus.
  • Master of Business Administration degree in real estate or a related discipline is strongly preferred.

Travel

Up to 25%

 

Business Category

Investments/ Risk Research & Analytics

 

Number of Openings

1

 

#MIM

 

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:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to 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.

 

 

Requisition #: 122596