Senior Associate, Portfolio Management, Real Estate Investors

Location: New York

Location Designation:
Hybrid - 4 days per week About New York Life Investments With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.

Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.

More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

Business Overview New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account.

Leveraging more than a century of real estate investment experience,New York Life Real Estate Investors (“REI”) believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.

POSITION OVERVIEW The Portfolio Associate will be responsible for supporting three portfolio managers, and the rest of the portfolio management team in all aspects of portfolio management for the Madison Square Structured Investment Vehicle, the Madison Square Structured Debt Fund, and the Madison Square Value Enhancement Fund. This in addition to periodic contributions as needed for both the General Account portfolio and the Madison Core Property Fund portfolio.

These combined commercial real estate private equity and debt portfolios consist of direct investments in approximately 175 assets located throughout the U.S., across a range of core, core-plus, value-add and opportunistic equity and debt strategies. Representative property types include industrial, office, self-storage, residential, retail as well as limited exposure to alternative investments, preferred equity investments, and debt investments. Assisting in the procurement of real estate loans (including back leverage on loan investments) from lenders is also a key part of the role.

The Portfolio Associate will be a key contributor to the growth of the platform.

QUALIFICATIONS, SKILLS, AND ATTRIBUTES
· College degree, preferably in an investment- or quantitatively oriented discipline
· CFA Level 1 (or higher) strongly preferred; otherwise, an MBA with relevant classwork may suffice
· 4-8 years of investment experience in commercial real estate private equity and debt.
· Solid understanding of investment theory and quantitative methods
· Strong working knowledge of Excel
· Experience working with discounted cash flow models (typically in ARGUS Enterprise or Excel), with a willingness to become proficient at ARGUS Enterprise
· Experience procuring and managing commercial real estate debt preferred
· Ability to write quickly and effectively, with a strong grasp of grammar, syntax, and style, for both internal and external stakeholders
· Attention to detail
· Ability to analyze and summarize large amounts of information, identifying key components and making informed estimates where needed
· Ability to effectively work with others, including senior management and various individuals in asset management, acquisitions, accounting, research, legal, and IT departments
· Ability and comfort in making oral…