MIM - Associate - Acquisitions

Description and Requirements
Role Value Proposition:
Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with nearly $600.8 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with extensive experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.
MIM's Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. In addition to sourcing and managing these investments, the groups are responsible for developing and maintaining relationships with key industry contacts and referral sources. The mortgage portfolio and equity portfolio units are organized according to specialty, and they actively manage MetLife's portfolio of mortgage loans and equity investments in agricultural, office, apartment, retail, industrial, and hotel properties. The portfolio units are responsible for overall portfolio strategy, pricing, transaction approval and credit approval on new loans, as well as the active management of the overall mortgage and equity portfolios. 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.
This role will be responsible for supporting new equity acquisitions for MetLife's general account and third-party investors. The portfolio includes office, retail, industrial, multi-family, and hotels.
Key Responsibilities:

• Support the Head of Acquisition in the Northeast Region in underwriting, due diligence, acquiring and closing equity investments for the MetLife general account as well as third party investment accounts.
• Assist in the underwriting, valuation and financial analysis of potential transactions utilizing Excel and Argus software by interpreting rent rolls, income statements, offering memorandums, and other relevant property level reports.
• In-depth analytical analyses involving advanced Excel modeling of potential acquisitions and developments, including sensitivity analysis, various leverage structures and joint venture waterfalls.
• Assist in preparation of transaction approval memos including market research/trends to formulate underwriting assumptions.
• Assist in due diligence including ARGUS audit, review of tenant estoppels, rent roll/lease verification and OFAC compliance for the acquisition and development of real estate equity assets. Work with asset managers during the closing/onboarding process. Interface with all parties involved in the acquisition due diligence and closing process, including internal as well as external partners such as regional architects, JV partners, portfolio, asset & property managers, legal counsel, brokers, third party consultants and representatives of third-party investor accounts.
• Assist in presenting the transaction to investment committee.

Essential Business Experience and Technical Skills:
Required:

• 5-7 years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred.
• 1-3 years of experience with commercial real estate valuation/ ARGUS models.
• Strong quantitative and modeling skills, specifically advanced Excel modeling.
• Proficiency with ARGUS Enterprise, Word and PowerPoint.
• Team oriented with excellent communication, organizational and time management skills with the ability to manage multiple projects simultaneously.
• Effective writing skills and ability to synthesize information, as well as verbal interpersonal/communication skills
• To post for this position, you need the proper work authorization to work in the country where the position is located and not require relocation assistance.

Preferred:

• Bachelor's degree in an applicable business-related field required, MBA or equivalent preferred.

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.
The salary range for applicants for this position is 1-1.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™ for 2024, as well as the 2024 Fortune 100 Best Companies to Work For ®, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
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