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 uses its global platform and regional market knowledge to find opportunities and get 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.

GRE’s largest client portfolio is held by Manulife’s General Account.  Reporting to the  Global Portfolio Manager of the General Account portfolio, the Director, Portfolio Management, will be responsible for assisting the portfolio management team in managing and enhancing portfolio performance, with a particular focus on the U.S. real estate portfolio. The successful candidate will be responsible for working with the Asset Management, Transactions, and Valuation teams to review and approve lease proposals, capital projects, annual business plans, quarterly valuations, as well as development and acquisition opportunities.

Role Responsibilities:

Assist the Global Portfolio Manager with strategic initiatives to monitor and enhance portfolio performance.Work with Asset Management team to review and evaluate annual business plans, material lease proposals and capital projects.  Prepare financial and market analyses on individual assets to evaluate and support disposition or redevelopment recommendations.Conduct periodic (monthly/quarterly/bi-annual/annual) reviews and analyses of each asset in the portfolio; work with the Asset management team to ensure the asset management system and other systems of record are current and accurate and that asset management plans are updated as appropriate. Work with Investments team to screen potential acquisition opportunities to ensure they meet the portfolio’s goals and objectives.  Review underwriting assumptions and Argus models in advance of bids and liaise on any issues uncovered during due diligence through closing. Review quarterly appraisals in the U.S. portfolio and advise of any necessary changes. Assist with quarterly data submission to outside benchmarking firm (MSCI).Participate in client meetings and support client reporting as necessary.Maintain a perspective on current and future real estate conditions and industry trends as well as contributing perspectives on the investment environment to assist in portfolio construction.Periodic travel required within the U.S.

Required Qualifications:

Bachelor’s degree in business, finance, accounting, or real estate.CFA designation or graduate degree in finance/real estate a plus.Minimum 10 years of experience in commercial real estate investment with experience with multiple subject areas, such as portfolio management, asset management, acquisitions, and/or appraisal.Demonstrated ability to make investment decisions relating to acquisitions, dispositions, development, leasing, and capital expenditures.Detail oriented with strong analytical, risk assessment and communications skills.Superior writing ability and presentation skills.Proficient with ARGUS software; strong Excel modeling skills.Ability to multi-task and adapt to changing priorities while working and advising different functionalities within the real estate group.Experience with multiple product types including office assets.

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 recruitment@manulife.com.

Primary Location

Boston, Massachusetts

Working Arrangement

Hybrid

Salary range is expected to be between

$129,000.00 USD - $218,000.00 USD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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.

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Company: John Hancock Life Insurance Company (U.S.A.)