Manulife Investment Management manages $40 bn of real estate including equity and debt globally and approximately 25 million square feet of real estate assets in the U.S. on behalf of both Manulife’s general account and third-party funds and accounts. Our West region includes a mix of office, retail, industrial and multifamily properties, ranging from core to value-add assets. Manulife Investment Management is seeking an Asset Management Associate, West Region, to play a key role within the grow... more details
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Hybrid
Job Description
Manulife Investment Management manages $40bn of real estate including equity and debt globally and approximately 25 million square feet of real estate assets in the U.S. on behalf of both Manulife’s general account and third-party funds and accounts. Our West region includes a mix of office, retail, industrial and multifamily properties, ranging from core to value-add assets.
Manulife Investment Management is seeking an Asset Management Associate, West Region, to play a key role within the growing Asset Management team. The team is responsible for creating and driving the business plans in the company’s US West region’s portfolio ($3.5B AUM). The Associate is responsible for financial modeling and analysis and will work closely with the Asset Manager in overseeing leasing, property management, capital projects and dispositions and refinancings. The position reports directly to the Director of Asset Management and will oversee one or more analysts.
Responsibilities:
Provide financial analysis and support for asset-level decision-making and transactions
- Conduct quantitative and qualitative analyses and reporting across the region’s portfolio, delivering forward-thinking analysis to support decision-making and strategy
- Conduct and/or support analysis for evaluation of leasing opportunities, capital projects, tenant credit and dispositions and refinancings. Develop and present findings for Senior Management, Portfolio Managers and Investment Committee
- Assist with acquisitions and dispositions when applicable
- Play an integral role in identifying market trends and extracting insights for the regional portfolio, contributing to market commentary produced by regional Asset Managers. Present and review with Senior Management and Portfolio Managers as required
- Review and validate Yardi quarterly financials/operating statements and variance reports. Understand cash flow requirements and distribution analysis
- Support ongoing loan compliance and credit/security monitoring activities Support asset-level business plans and valuation models.
- Support Asset Manager coordination, production, and presentation of annual business plans to Senior Management and Portfolio Managers.
- Build and maintain quarterly Argus models and support hold vs. sell analyses conducted by regional Asset Managers. Undertake model audits, quality assurance reviews, and support best practices compliance
- Coordinate appraisal review and commentary by regional Asset Managers and conduct variance analysis to external appraisals
Support Asset Manager in oversite of leasing, property management, and capital projects.
- Manage collaborate with leasing brokers, review LOIs, leasing documents, and outside broker listing agreements
- Review and selectively audit asset-level financial reporting submitted from Property Managers, including capital commitment forecasts, expense recovery calculations, and funding projections. Oversee timeliness of Yardi financial and accounting information submitted from Property Managers
- Assist on an ad-hoc basis for ongoing capital projects across the region
- Assist with training & mentoring analysts and senior analysts
Knowledge/Skills/Competencies/Education:
- Undergraduate degree in Finance, Accounting or Economics from top academic institution
- MBA or Master’s Degree with concentration in Commercial Real Estate is preferred
- Minimum of 3-5 years of relevant experience preferably from one of the top capital markets brokerage firms or other institutional real estate organizations
- In-depth knowledge of real estate investment, asset management, accounting and administration concepts
- Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate top-down and bottom-up perspectives into investment recommendations
- Capable of managing competing priorities and maintaining strong attention to detail under strict deadlines
- Superior analytical and critical thinking skills (both quantitative and qualitative).
- Able to successfully work in a team-oriented environment and partner with different functional groups
- Demonstrated leadership skills and a strong sense of ownership
- Strong work ethic, a high level of integrity, and the desire to take initiative
- Excellent written and oral communication skills. Effective customer service and interpersonal skills. Strong organizational, time management and priority setting skills.
- Focused and self-motivated teammate who balances independent thinking with the execution capabilities and core proficiencies of the rest of the organization.
- Advanced proficiency with Microsoft Excel (financial modeling, creation of templates) and Argus Enterprise. Experience with real estate accounting systems required, experience with Yardi a plus
- Limited travel
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.
Manulife is an Equal Opportunity Employer
At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.
The annual base salary for this role is listed below.
Primary Location
Los Angeles, California
Salary range is expected to be between
$89,000.00 USD - $141,000.00 USD
If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.
Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency
Company: John Hancock Life Insurance Company (U.S.A.)
