1+ months
2018-05-012018-07-21

Managing Director, Head of Real Estate Asset Management, MetLife Investment Management

MetLife
Hanover, NJ 07981
**Job Location** **: Whippany, NJ**







**Role Value Proposition** :







MetLife Investment Management (MIM) is seeking a senior leader to join its Real Estate investments group as Managing Director and Head of Asset Management. Reporting directly to the Head of Equity Investments in MIM Real Estate, this executive will be responsible for the asset management function, including staffing, execution, and performance management, across the organization. MIM Real Estate currently manages approximately $25 billion gross AUM of direct investments nationally across office, apartment, industrial, retail, and hotel property types for internal (general account) and external institutional clients, with annual acquisitions volume of $2-$3 billion and operating income exceeding $1 billion. In addition to direct investments, MetLife is among the largest mortgage lenders in the US, with a portfolio in excess of $50 billion.







The MD, Head of Asset Management, will work across seven regional teams to drive consistent, proactive asset management at the national level and ensure resources are allocated optimally across the entire portfolio. He or she will oversee the annual business plan process and administration, teaming with key internal stakeholders such as portfolio management, finance, and IT. This leader will be responsible to deliver expertise and recommendations on asset management integration in the acquisition process, communicate key underwriting and investment strategy assumptions, anticipate and address physical property issues, and participate as a voting member of the Investment Committee.







The successful candidate will set standards and policies for engagement of property management and leasing firms and be expected to foster and maintain key service provider relationships. He or she will oversee operational excellence and sustainability initiatives across the portfolio, including scoring for key third party and fund accounts. In addition, the ideal candidate will be a thought leader in the space, representing MIM Real Estate internally and externally to investors, promoting best practices across the platform, and growing real estate operating expertise across the regions.







MetLife has a rich history of over 100 years of real estate investing, including the financing of Rockefeller Center and the Empire State Building, and is involved in the development of leading properties in major cities throughout the US. Since launch in January 2014, the MetLife Core Property Fund has maintained top quartile performance. With the recent organizational change resulting in the creation of MIM, Real Estate is poised for accelerated growth to meet increased third party demand. The MD, Head of Asset Management, role is an exciting opportunity to join a strong and stable platform at a transformational inflection point.







**Key Responsibilities:**







_Asset management performance_







+ Oversee all aspects of the asset management process across $25 billion of direct real estate property investments



+ Responsible for achieving annual operating income goals across the MetLife General Account, MetLife Core Property Fund, and institutional separate account relationships



+ Ensure appropriate communication and coordination of activity across all regional asset management directors and property type leads (e.g. hotels, retail, office, etc)



+ Partner with Portfolio Managers to develop, execute, and review quarterly performance of annual business plans for each property investment, including leasing, revenues, operating expenses and capital expenses



+ Oversee financial and non-financial reporting standards; team with IT on technology development



+ In conjunction with the acquisitions/ financing team, oversee property level sales and financings



+ Leverage significant operational expertise to drive income growth and value creation across all properties



+ Participate as a voting member of the Investment Committee







_Resource management_







+ Coordinate hiring and resource allocation with Regional Directors and senior MIM leadership across the asset management platform



+ Ensure key asset management challenges are addressed proactively, focusing resources as needed



+ Together with Regional Directors, act as primary input into the performance development process and annual performance ratings for regional asset management teams







_Best practices, operational excellence, & thought leadership_







+ Drive consistent and high quality operational standards; foster best practices in managing office buildings, apartments, retail properties, industrial distribution properties, and hotels



+ Establish and enforce policies for purchasing and operating expense management, including property maintenance, energy usage, taxes, etc



+ Benchmark operating performance against key market standards and business plans



+ Represent MetLife with key intermediaries, investors, competitors, and external partners as a thought leader in the industry



+ Ensure highest ethical standards in all of our dealings







**Essential Business Experience and Technical Skills:**







+ 15+ years institutional real estate investment experience, including successful track record overseeing asset management of office, apartment, retail, industrial, and hotel properties



+ Strong teambuilding and organizational skills; established success in leading diverse teams of both direct and indirect reports in a complex, matrixed environment



+ Strategic investment perspective, experience in executing core, core plus, value add, and development strategies, including property repositioning and ground up development



+ Deep hands-on understanding of commercial properties operations, income, expenses; experience in negotiating leases and service contracts



+ Demonstrated ability to partner effectively with institutional clients with diverse investment objectives



+ Excellent written and oral communication skills



+ Proven financial skills and marketing capabilities



+ Comfortable in a leadership role representing MetLife in the marketplace



+ Undergraduate degree required; MBA preferred







**Leadership Competencies:**







+ **Thinks Strategically** Sets direction aligned to the companys strategy, applying external and global perspective to meet local and global needs.



+ **Motivates People** Gains people commitment to achieve business objectives through clear communication of the companys vision and flexing leadership styles to inspire high performance.



+ **Creates Partnerships** Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.



+ **Seizes Opportunity** Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.



+ **Grows Talent** Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.



+ **Models our Values** Creates a culture that promotes the companys values and standards through role modeling, accountability and ownership of decisions.



+ **Focuses on Customers** Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.



+ **Drives Results** Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.







**Key Relationships** :







+ **Reports to:** Managing Director, Head of Equity Investments







+ **Direct reports/team** : 2 directs; matrixed team of 7 Regional Asset Management Directors



+ **Key Stakeholders** : Regional asset managers, GRE leadership, portfolio managers, internal and external clients, external service and property managers, Finance







**MetLife:**







MetLife, through its subsidiaries and affiliates, is one of the worlds 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 U.S. with more than $500 billion in managed assets as of December 31, 2016. We are ranked #42 on the Fortune 500 list for 2017. In 2017, we were named to the Dow Jones Sustainability Index (DJSI) for the second year in a row. DJSI is a global index to track the leading sustainability-driven companies.







While we have tremendous respect for the past, we are a company firmly focused on the future. To adapt to a changing world, we are undergoing one of the most dramatic transformations in our history to reinvent how we do business so we can thrive in any environment. We are moving away from a traditional product-development model to one driven by customer insights. We are challenging historical norms by humanizing our industry and designing every customer experience to reflect the modern company were becoming. Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate lifes twists and turns.







At the center of our business strategy is a commitment to One MetLife collaborating, sharing best practices, and recruiting, developing and retaining the best talent in the industry. We live by our values: Put Customers First, Be the Best, Make Things Easier, and Succeed Together. They guide how we operate every day. For more information, visit www.metlife.com at http://www.metlife.com/ .







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.**

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Managing Director, Head of Real Estate Asset Management, MetLife Investment Management

MetLife
Hanover, NJ 07981

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Managing Director, Head of Real Estate Asset Management, MetLife Investment Management

MetLife
Hanover, NJ
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