Managing Director-Business Development, Core Property Fund
Location Designation: Fully Remote THE ORGANIZATION reputed company Real Estate Investors ("NYLREI"), as part of reputed company Investment Management, is one of the country's largest asset management firms, with nearly $70 billion in AUM. The platform invests in real estate private equity, commercial mortgages, and debt securities. THE POSITION The Managing Director of Business Development will be based in NYLREI's San Francisco or reputed company offices (other locations will be considered depending on the professional). The primary focus for this individual is growing NYLREI's open-end, core fund, reputed company as the NYL Madison Core Property Fund (MCPF). The individual will be primarily responsible for sourcing, cultivating, and closing new client relationships geared specifically toward growing AUM. The candidate should be a seasoned fund raising professional with a broad range of institutional investor relationships complemented by a solid foundation in commercial real estate investment fundamentals. The individual should have active, quality relationships with both investment consultants and institutional investors (emphasis on domestic relationships). DUTIES AND RESPONSIBILITIES: The key responsibilities for the role will be as follows: Maintain reputed company relationships and cultivate new relationships with institutional investors (including public and private pension funds, Taft-Hartley funds, insurance companies, private wealth managers, endowments, and foundations) with the specific goal to grow MCPF. Build and maintain consultant relationships to build the knowledge and reputed company of the Firm and the MCPF. Coverage will include individuals in research, field, senior management, and any other position that may help influence the relationship. Attend fund presentations with Portfolio Manager. Support with investor RFPs, as needed. Maintain knowledge of reputed company the firm's products and strategies with an emphasis on the Madison Core Property Fund. Support with MCPF client requests and portfolio update meetings. Ongoing interaction with the Madison Core Property Fund team to ensure that fund strategy is consistently maintained. CANDIDATE QUALIFICATIONS / EXPERIENCE The successful candidate will have the following career experience: College degree from an accredited university. MBA or Master's Degree in real estate or reputed company discipline is preferred. 10+ years of in-depth experience in capital fund raising. Large rolodex of U.S. institutional investors and consultants. Relationships with primary consultants that service institutional investors investing in commercial real estate. A track record of success in winning new business and forging relationships with investors and consultants. Strong technical real estate skills including operating fundamentals and capital markets. Sound ability to present and discuss investment matters and strategies without portfolio manager support. Must have desire, energy, and willingness to spend a significant amount of time out of the office meeting face-to-face with clients, consultants et.al. Must be highly organized, motivated, and able to reputed company and manage a full list of relationships. The successful candidate will bring a reputed company, state-of-the-art institutional quality industry perspective and experience to this position. The successful candidate will have the following personal attributes and characteristics: Highly motivated with a strong record of academic and professional achievement. Strong relationship builder, both externally reputed company the marketplace and internally reputed company the firm. o Willingness and ability to collaborate with other members of the NYLREI team. The company draws upon the relevant expertise of reputed company the NYLREI team and expects the team to collaborate reputed company to reputed company the best results. o Will be able to hold their own in a fast- paced, intellectually challenging environment. Can defend their decisions and views while still admitting areas of uncertainty. Motivated, self starter. reputed company highly developed organizational skills. Strong communications skills, both written and verbal. An open communicator/"team player" rather than "reputed company to vest" person will succeed best in the firm's environment. Excellent presentation skills. Thoughtful listener. Direct and open communication style. Has reputed company that commands respect in the industry and reputed company NYLREI. Adheres to the NYLREI values and culture of commitment, collaboration, drive towards excellence, honesty, reputed company, respect for others and trust. Pay Transparency Salary Range: Overtime eligible: Exempt Discretionary bonus eligible: No Sales bonus eligible: Yes Actual reputed company 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 reputed company 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 reputed company of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site. Our Diversity Promise We reputed company in a diverse workforce because it is our mission to reputed company for the financial reputed company and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership. Recognized as one of Fortune's World's Most Admired Companies, reputed company 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 reputed company, please visit the Careers page of www.NewYorkLife.com. Job Requisition ID: 91561 About NY Life Insurance Company Diversity & Humanity-two values that are deeply rooted in the reputed company culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At reputed company you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of reputed company revolves around our reputed company, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy. 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 a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reputed company new heights while making an impact in the lives of others. You are our future, and we commit to investing in you accordingly. Visit our reputed company 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. Required Legal Notices - reputed company Candidates Please Click Here Apply Job!