Senior Associate

Since 1918, it has been TIAA’s mission to serve, our ability to perform and the values we embrace that make us a different kind of financial services organization. We’re dedicated to serving the financial needs of those in the academic, medical, cultural, governmental and research fields, and committed to helping make lifetime financial well-being possible for them.

**Responsibilities:** - Assists in identifying investment opportunities which meet TIAA’s investment strategy and make recommendations to senior staff. Supports senior staff in evaluating and quantifying the value creation potential of investment opportunities through active management. - Assists in the evaluation of investment returns based on discounted cash flows, return on cost, development spreads and use of third-party leverage; analysis includes impact of value-added opportunities, tax, currency hedging and promote structures. - Assists in monitoring and analyzing economic, legal, political and market conditions within assigned areas. - Assists in negotiation of joint venture agreements with partners, including asset management agreements/fees and/or promote structures to ensure proper alignment of interests. Also assists in cash flow modeling reflective of joint venture structures as well as fund level modeling. - Assists in structuring investment opportunities for tax efficiency and for desired accounting/reserve treatment. - Coordinates and complies with all requirements for closing and funding. - May operate independently in sourcing and underwriting activities depending on the complexity of the deliverable.

**Required:** - 5 to 8 years of related experience (or less depending on strong performance) in soliciting, analyzing, negotiating, financing and acquiring real estate and entering into joint ventures in commercial real estate in all property types; experience in the acquisitions specialty preferred. - BA or BS required. - Working knowledge of commercial real estate, economics, finance, valuation, joint venture structures, and financing alternatives with a particular focus on affordable and tax-exempt bond financing. - Strong written and verbal presentation skills that are primarily directed to an internal audience. - Strong analytical/reasoning skills to analyze disparate information flows based on market specific practice into a meaningful relative value basis. - Developing market familiarity and negotiation skills. - Highly proficient with Argus, Excel and Word. - Travel required-less than 25% **Desired:** - MBA - Background in multi-family and/or student housing - Demonstrated negotiation skills