MetLife Assistant Portfolio Manager - MIM REI DSG Commercial Mortgage Loan Separate Accounts in Whippany, New Jersey
Position: Assistant Portfolio Manager – MIM Real Estate Investments (REI) Debt Strategies Group (DSG) Commercial Mortgage Loan Separate Accounts
Job Location: Whippany, NJ
Department: Real Estate Investments
MetLife Investment Management:
Based in Whippany, New Jersey, MetLife Investment Management (MIM) is a global asset manager with $666.7 billion of total assets under management as of June 30, 2021. The enterprise has more than 900 dedicated professionals and manages money in a number of asset classes for MetLife’s general account, insurance company subsidiaries, and third parties separate accounts and private funds. MIM provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. Visit us at www.metlife.com/investments to learn more.
The Role :
The Assistant Portfolio Manager of the MIM Debt Separate Account Platform is a position that has evolved over the last 5 years as part of the standard portfolio management structure for managing third party investors. While MIM was building out the MIM SA debt platform in 2013, the portfolio management roles were limited to a Portfolio Manager and a Client Relationship Manager. As the number of SAs grew and with launch of the Commercial Mortgage Income Fund in September 2015, the business management model for MIM Debt products evolved into a Portfolio Manager, an Assistant Portfolio Manager and supporting Analysts.
The Assistant Portfolio Manager is critical to the success of the debt separate account platform by managing the day-to-day execution of investors’ mandates. These responsibilities include following strictly the MIM Debt allocation policy in presenting investment opportunities to our investors, active and positive communication with these investors, overseeing timely investor reporting, assisting the PM with the execution of Investment Management Agreements with new clients, overseeing all audit/compliance requests, setting up and participating in client quarterly and annual portfolio presentations, and most important in a limited capacity, be the back-up for the Senior Portfolio Manager.
Another major responsibility of the Portfolio Manager is to assist the Institutional Client Group (sales team) in marketing presentations and due diligence requests which includes a significant commitment of time and it is essential for the Assistant Portfolio Manager to have the skill sets to manage and communicate independently the day-to-day process meeting client expectations and ad hoc requests.
Reports to: Managing Director & Senior Portfolio Manager, Real Estate, MetLife Investment Management
Reports: 3 indirect
Key Stakeholders : Works in partnership with Client Services Group, Institutional Client Group, Real Estate Risk/Research/Analytics Group, DSG senior management, Legal and the Real Estate’s Regional Offices throughout the US.
Overall manage the day-to-day operations of the debt separate account platform process with the goal of maintaining excellent client relationships while delivering as much as possible AUM and fees to MIM. Currently this position manages 21 separate accounts totaling $5.2 billion in Assets Under Management.
Maintain personal and constant communication with our investors on transactions, reports, portfolio performance and any ad hoc questions on a timely basis.
Attend all Debt Investment Committee meetings on transactions that meet any of our clients’ investment parameters and be prepared to answer client questions regarding the transactions.
Responsible for the allocation and delivery of transactions plus all due diligence reports to each client that meet the client’s investment parameters while following strict allocation policies and procedures.
Manage and communicate with all our partners (ICG, CSG, RR&A, Legal, Audit, Compliance, IT, RE Regional network) that support our business and are essential to the success and growth of the MIM DSG SA platform.
Responsible for responding to both external and internal audits related to the debt managed account platform.
Assist and contribute in the analysis of investor portfolios with the Portfolio Manager offering strategies and alternatives to meet the needs and guidelines of each client...
Oversee the execution, review and delivery of investor reports on a quarterly basis.
Assist the Portfolio Manager with the negotiations of management agreements and on-boarding new clients.
Responsible for setting up and participating in client quarterly portfolio updates via teleconference and in persons annual presentations to investors.
Work with our internal partners and the PM to on continuous improvements to improve our process in an effort to be more efficient and cut expenses to manage the platform. (innovation skills)
Essential Business Experience and Technical Skills:
10-15 years of Real Estate Investment experience with strong knowledge of institutional commercial mortgage lending.
Bachelor’s degree in an applicable business-related field; MBA/CPA preferred.
A minimum of 5 years with investor/borrower interaction and communication.
Strong presentation skills - must be comfortable and confident presenting to existing and potential new clients.
Experience with Microsoft Excel and financial modelling involving real estate investments.
Experience in managing complex processes and procedures that are subject to internal and external compliance and audit reviews.
Strong organization skills
MetLife Success Principles
Experiment with Confidence – Courageously learn and test new ideas without fear of failure
Act with Urgency – Demonstrate speed to action with agility and determination
Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
Create Alignment – Partner with others across the organization with candor and transparency
Take Responsibility – Be accountable and act in pursuit of the right outcomes
Enable Solutions – Anticipate and address obstacles while managing risk
Deliver What Matters – Execute meaningful priorities and follow through on commitments
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 US with MetLife Investment Management having $666.7 billion of total assets under management as of June 30, 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. Visit us a twww.metlife.comto learn more about our brand, history, and values.
We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to email@example.com or call our Employee Relations Department at 1-877-843-3711.
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.