The Real Estate Valuation Senior Associate will have a major role in our best-in-class real estate valuation process.  In this face-paced role, the primary responsibilities will include coordinating, reviewing, and reporting real estate values across our global portfolio. Other key responsibilities include, but are not limited to, debt and preferred equity valuation, training junior team members, sensitivity analysis, market research, and aiding in thought leadership.  

This role will report directly to the Managing Director, Global Head of Real Estate Valuations but will also work closely with asset managers, portfolio managers, acquisitions, and external service providers.  The Senior Associate will also work on a wide range of other platform initiatives to support the growth of the portfolio. 

Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation. MIM's global real estate platform provides investment solutions globally as part of its comprehensive private markets’ capabilities, offering core, core-plus, and value-add strategies.

The global real estate team leverages its global platform and regional market knowledge to identify opportunities and drive results for its clients.  As of September 30, 2024, its sustainably operated platform includes 90 million square feet of office, industrial, retail, and multifamily assets located across Canada, the United States, and the Asia Pacific region, with approximately $20 billion USD of real estate (500+ properties). The team is expanding its capabilities to meet evolving market opportunities, building a strong and diverse global culture as an entrepreneurial investment manager.

Responsibilities:

• With limited supervision, own our best-in-class valuation workflow for assigned assets and portfolios to meet our financial reporting deadlines
• Review third-party appraisals to ensure proper methodology as well as market-supported assumptions and value conclusions are reasonable given changes in the market and at the property
• Perform independent internal valuations, including sensitivity analyses
• Conduct quantitative and qualitative analyses for benchmarking, testing, and reporting
• Play a significant role in identifying market trends and extracting insights across the portfolio to aid in strategic decision marking
• Help drive process improvements including automating manual processes and integrate market research into valuation process
• Prepare, present, and report preliminary and final valuation results and insights to leadership
• Other ad hoc projects and initiatives as needed

Qualifications:

• Bachelor’s Degree in business, finance, accounting or real estate is required
• Minimum of five years of real estate experience (including a minimum of three years in valuation/appraisal/acquisitions)
• Strong knowledge of commercial real estate property types and valuation methodology/approaches
• Ability to pro-actively work with a range of stakeholders to achieve objectives and deadlines in a fast-paced environment.  Ability to work as a team player and to develop strong working relationships across various groups and locations
• Excellent influencing and communication skills. Sound analytical and problem-solving skills. Effective customer service and interpersonal skills.  Strong organizational, time management and priority setting skills to meet tight deadlines
• Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks
• Ability to draw conclusions and prepare written findings and presentations. Ability to evaluate and determine property valuations under a variety of scenarios
• Excellent verbal and written communications skills in order to present to and work with senior management and external clients
• Ability to juggle competing priorities and work under pressure to meet demanding response times, all while paying strict attention to detail
• Focused and self-motivated team player who balances independent thinking with the execution capabilities and core competencies for the rest of the organization
• Advanced proficiency with Microsoft Excel and Argus Enterprise.  Experience with other real estate systems, such as CoStar, RCA, and Yardi is a plus
• Appraisal license(s) and or Big-4 experience is a plus
• Ability and willingness to travel to tour the portfolio and/or acquisitions

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity
  We create opportunities to learn and grow at every stage of your career.
• Continuous innovation
  We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship
  We build a business that benefits all collaborators and has a positive social and environmental impact.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

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 [email protected].

Primary Location

Boston, MassachusettsHybrid

Salary range is expected to be between

$86,325.00 USD - $155,385.00 USD

If you are applying for this role outside of the primary location, please contact [email protected] 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.)