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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Boston, Massachusetts

Salary: $153K - $184K

MIT Investment Management Company (MITIMCo) is a department within MIT that manages over $26 billion for the Institute’s endowment, retirement plan, and other pools of capital. MITIMCo’s Cambridge Real Estate (CRE) team serves as an investor, owner, operator, and developer of a high-profile real estate portfolio located exclusively in Cambridge, Massachusetts. The portfolio has a current gross market value of approximately $5 billion and is comprised of multiple asset types with notable tenants including Bayer, Lab Central, Capital One, Apple, and Cambridge Innovation Center (CIC). In addition to current holdings, the portfolio is expected to grow over the coming decade through an extensive development pipeline of approximately 3 million square feet. This role offers a unique opportunity for a real estate professional to grow into their career while fostering an innovative and collaborative environment in Cambridge to support the university’s mission.

This role will be in the Portfolio Management group reporting to the Director of Portfolio Management. The Portfolio Management Analyst or Associate (title commensurate with experience) will have high visibility and work closely with senior management and members from the asset management, transactions, development, and legal teams.

Principal Duties & Responsibilities:

• Create and maintain complex asset-level and portfolio financial models with scenarios and sensitivities to analyze various operational and capital events.

• Synthesize asset level data to derive key characteristics and risks of the portfolio as a whole.

• Manage the portfolio reporting needs for senior management including monthly, quarterly, and annual updates.

• Participate and contribute in key discussions regarding overall portfolio investment strategies and performance enhancement.

• Aid in annual appraisals and valuation processes, and calculate key asset and portfolio performance metrics and trends.

• Identify and implement opportunities for improved performance and efficiencies using innovative technology and/or standardized tools and processes.

• Complete ad hoc tasks and take ownership of portfolio knowledge and analytics.

Supervision Received:

Will report to the Director of Portfolio Management.

Qualifications & Skills*:

• Bachelor’s degree in any discipline.

• 2 years’ real estate experience, investment banking, investment sales, finance, or other related fields (title commensurate with experience).

• Superior quantitative, analytical, and problem-solving skills with advanced knowledge of Excel and PowerPoint.

• Excellent verbal and written interpersonal and communication skills.

• Ability and desire to work on and collaborate with a team.

• High level of organizational skills with attention to detail; ability to work efficiently and prioritize multiple tasks to meet deadlines.

• Proactive, self-starter mentality with strong work ethic and follow-through.

• Ability to think creatively and desire to continue learning.

• High level of initiative with an entrepreneurial spirit and a fiduciary mindset.

• Comprehensive knowledge of real estate fundamentals and value drivers; understanding of real estate finance modeling techniques (DCF, NPV, IRR, cap rates).

• Experience with Argus Enterprise / DCF preferred.