Valuations & Appraisal Associate, Real Estate Investments
Location:
Hanover , New Jersey
Posted:
March 03, 2017
Reference:
44142-en_US

Job Location: United States : New Jersey : Whippany  

 

 

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 Valuations Associate (VA) will be a high profile and integrated position supporting a commercial real estate portfolio owned by MetLife’s general account and third party investors (MIM). The VA will support the Director of Valuations in preparing analyses for and making presentations to senior management, and will have regular interaction with outside valuation vendors and real estate regional offices. The VA will play a key role within the Valuations function, establishing market values for MetLife’s 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.

 

 

  • Review quarterly valuations performed by external valuation consultants and real estate asset managers pertaining to a diverse portfolio of institutional office, apartments, hotel, retail and industrial assets in major U.S. markets.
  • Support the Director of Valuations in provision of oversight and guidance to consultants and asset managers on complex issues including valuation of properties under construction, marking debt to market, partial interest valuations, etc.
  • 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.
  • Draft a narrative and participate in quarterly presentation to senior management of valuation results, trends, anomalies, issues and the resolution thereof.
  • Review prospective acquisitions and conduct the necessary research to assess valuation risk.
  • Collaborate with Research and Performance Measurement teams in the analysis of valuation, debt, and performance data in support of attribution analysis, performance measurement, market analysis, etc.

 

  • 3-7 years of relevant commercial real estate valuation experience in an institutional setting
  • Strong real estate valuation and financial modeling skills in both Argus and Excel are required
  • Advanced analytical abilities and excellent demonstrated written and verbal communication skills
  • Bachelor of Science degree in real estate or a related discipline is required, Master of Business Administration degree in real estate or a related discipline is strongly preferred
  • Accomplished change management leader, able to operate effectively in a highly matrix environment

 

5-15%

 

Investments

 

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 #: 44142 


A little about us:
MetLife offers life insurance, disability income insurance, car insurance, employee benefits and more.

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