Senior Associate, Appraisal

About New York Life Investments

With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life. Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing. More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

Business Overview

New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account. Leveraging more than a century of real estate investment experience, New York Life Real Estate Investors (“REI”) believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.

Responsibilities

• Serve as a trusted valuation advisor to lending and investment teams on new originations, acquisitions, and strategic transactions.
• Perform in-house valuations and portfolio analyses to support financial reporting, asset management, and investment decision-making.
• Lead the engagement, review, and quality control of third-party appraisal assignments.
• Maintain valuation databases and develop portfolio-level analytics and market insights.
• Conduct property inspections and update collateral valuations across a $60 billion commercial mortgage portfolio.
• Independently identify, analyze, and resolve complex valuation and appraisal challenges.
• Travel periodically to inspect assets and gain firsthand market intelligence.

Requirements

• 3–5 years of commercial real estate valuation and appraisal experience.
• Advanced proficiency in Excel and Argus Enterprise.
• NY State Certified General Appraiser designation and/or progress toward an Appraisal Institute designation.
• Strong valuation expertise across major property types and geographic markets.
• Solid understanding of real estate finance, investments, and market fundamentals.
• Exceptional quantitative and analytical skills, with the ability to translate large datasets into actionable insights.
• A proactive, entrepreneurial mindset and the ability to thrive in a fast-paced, collaborative environment.

Pay

Salary Range: $93,000-$133,000. 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.

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.

Schedule

Location Designation: Hybrid - 4 days per week