Portfolio Management Associate

at  Manulife

Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation. MIM’s global real estate (“GRE”) platform provides investment solutions globally as part of its comprehensive private markets’ capabilities, offering core, core-plus, and value-add strategies.
MIM’s GRE team leverages its global platform and regional market knowledge to identify opportunities and drive results for its clients. As of December 31, 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.
MIM is seeking a Portfolio Management Associate who will generally be accountable for supporting the portfolio management team in the development of real estate investment fund strategies and associated analysis for ongoing portfolio management. Part of a small and growing team of professionals who work collaboratively to meet the needs of various internal and external clients. Property types include Office, Multi-Family, Retail and Industrial. The Associate will perform a wide range of analytical and administrative tasks relating to both real estate fund management and the real estate industry. The role is reporting directly into the Managing Director, Portfolio Management and will be located in Toronto.

ROLE RESPONSIBILITIES:

Collaborating with the portfolio management team and a wide range of functional groups across Manulife, the role will involve a variety of analysis and functions including:

• Assist with the periodic strategic review of the Canadian Real Estate Funds to assess portfolio performance and develop recommendations for the Real Estate Fund Management Team on strategic and tactical changes to real estate investment strategies for each of the Canadian Funds
• Maintain and improve portfolio financial models for strategy and performance review and planning
• Synthesize modeling outputs for senior portfolio management team decision making
• Develop and run analytics on the various portfolios for internal and external reporting, presentations, and the development of Fund strategies
• Participate in external and internal collaborator meetings presenting various aspects of the Fund strategy and performance
• Develop relationships with investment analysis groups within the Investment Division to support the analysis and development of real estate strategies
• Provide support to the Real Estate Fund Management Team with respect to the marketing, distribution, and sale of existing funds as well as development of new product
• Analyze performance of real estate portfolios, including attribution analysis, performance to underwriting and market analysis

• Evaluate the performance of the company’s real estate portfolio relative to key benchmarks (i.e., MSCI REALPAC Canada Quarterly Property Fund Index) as requiredOperational oversight, including questionnaire reviews, monthly / quarterly reporting, cash flow projections, etc

ROLE REQUIREMENTS:

• Undergraduate degree in business, finance, economics, or accounting required; MBA an asset
• Possess or working towards a CFA designation or CAIA designation is an asset
• 5+ years experience in real estate investment or institutional investment management
• Advanced and diversified knowledge and experience with real estate property and portfolio analysis, including ARGUS and other computer modeling programs specific to real estate
• Advanced quantitative and financial modelling skill set
• Comprehensive knowledge of real estate investment matters, including leasing, development, operations, and general finance would be preferable
• Knowledge of the Canadian Real Estate market and the various asset types would be an asset
• A bility to work across multiple teams and manage deadlines
• Strong presentation skills and investment related client facing experience
• Strong interpersonal skills