Portfolio Manager - CMBS and Capital Markets

New York Life Insurance Company; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

A leading company in financial services seeks a Portfolio Manager for CMBS and Capital Markets. This role requires extensive experience in real estate investments, particularly in CMBS, with responsibilities including analyzing investment opportunities, portfolio management, and collaboration with various teams. The successful candidate will contribute to the firm’s strategic goals while experiencing a hybrid work model.

Benefits

Flexible health care

Retirement plans with employer match

Tuition reimbursement

Access to wellness programs

Qualifications

• Minimum 10 years of real estate investment experience, with 5+ years in underwriting or analysis.
• Experience with real estate analytics tools and MS Office required.
• Strong communication skills and ability to manage multiple priorities.

Responsibilities

• Research and analyze CMBS investments and recommend strategies.
• Collaborate with commercial mortgage debt platform for investment opportunities.
• Conduct portfolio surveillance and coordinate investment reporting.

Skills

Strong verbal and written communication

Real estate investment experience

Analytical skills

Team collaboration

Education

Bachelor’s degree

MBA, CFA, MFE or equivalent

Tools

MS Office Suite

Real estate analytics tools (e.g., Trepp, Intex, Bloomberg)

Python

Job description

Portfolio Manager - CMBS and Capital Markets

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Portfolio Manager - CMBS and Capital Markets

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Location Designation: Hybrid - 4 days per week

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

New York Life Real Estate Investors (NYLREI) is a division of NYL Investors LLC, a wholly owned subsidiary of New York Life Insurance Company. NYLREI manages over $70 billion in real estate-related assets including commercial mortgage loans, CMBS, and direct real estate equity investments on behalf of third-party institutional investors and New York Life’s general account.

Deputy Portfolio Manager will be a key member of the CMBS and Capital Markets group. The role focuses on CMBS investing, capital markets structuring, and platform development within a growing institutional real estate investment platform. This professional will work closely with internal stakeholders to identify and execute investment opportunities, manage surveillance and reporting, and expand NYLREI’s capabilities in structured real estate debt investments.

What You'll Do

The key responsibilities for the role will be as follows:

• Researching, analyzing and recommending all types of CMBS investments in a team environment with a primary focus on SASB CMBS. The role involves the analysis of loan and deal structures, cash flow modeling, review of offering documents and related information, and independent research while interacting with other NYLREI team members to achieve investment goals.
• Collaborating with NYLREI’s commercial mortgage debt platform to generate investment opportunities in SASB CMBS. This entails managing the securitization of NYLREI-originated commercial mortgage loans where NYLI retains the subordinate tranches, including the control-eligible class(es). It also includes the purchase of control-eligible SASB classes in primary market CMBS offerings.
• Conduct portfolio surveillance and coordinate investment reporting to internal and external constituents. Coordinate with team members to address credit concerns and supervise periodic surveillance reporting. Consult with CMBS loan servicers in managing the resolution of specially serviced SASB CMBS.
• Assist in developing and executing capital markets financing solutions for NYLREI’s structured debt platform. Identify and execute financing solutions for individual loans as well as term lending facilities for the platform. The ability to develop and retain key bank and other lender relationships is required.
• Collaborate with NYLREI’s business development team to expand NYLREI’s external asset management platform. Successfully fulfill existing CMBS asset management mandates and develop new asset management initiatives.
  
  

What You'll Bring

• Bachelor’s degree required; advanced degree (MBA, CFA, MFE or equivalent) is a plus.
• Minimum of 10 years of real estate investment experience, with 5+ years focused on underwriting or directly analyzing debt or equity real estate transactions. Relevant experience may include roles originating debt or equity investments, warehouse lending, CRE credit risk, or as a rating agency analyst. CRE credit training is a plus.
• Rapidly developing expertise in AI prompting and utilization.
• Experience with real estate analytics tools (e.g., Trepp, Intex, Bloomberg).
• Familiarity with business intelligence tools, Python is a plus and proficiency in MS Office Suite is required
  
  

Other Requirements

• Strong verbal and written communication skills.
• An established network of existing relationships with the CRE finance industry.
• Demonstrated ability to manage multiple priorities in a fast-paced investment environment.
• High level of personal integrity and professionalism.
• Demonstrated ability to collaborate with cross-functional teams.
• Strong work ethic with a commitment to excellence.
  
  

NYLREI is committed to fostering a culture of diversity, inclusion, and continuous improvement. The successful candidate will reflect these values through collaboration, accountability, integrity, and a focus on long-term value creation. The firm offers a comprehensive benefits package including flexible health care, retirement plans with employer match, tuition reimbursement, and access to wellness programs and facilities.

Pay Transparency

Salary Range: $150,000-$200,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Job Requisition ID: 92046

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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