The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Associate Director, Loan Asset Management

Associate Director, Loan Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
San Francisco
 CA
Postal Code
94105
Country
United States

This job is no longer active.

Description


Role Value Proposition: 

MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $651 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate.  

 

The Associate Director, Loan Asset Management will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans owned by MetLife’s general account and third-party investors in the Pacific Northwest region.  They will also assist loan producers with closing new loan originations.

 

Key Responsibilities:  

Loan Asset Management and Servicing

  • Responsible for loan asset management and servicing matters including payoffs, prepayments, lease reviews, SNDA’s, reserves/draw requests, escrows, cash management, loan assumptions, substitutions, property releases, financial reporting, inspections, post-closing items, and other borrower requests on assigned loan portfolio.
  • Coordinate and assist with mortgage refinances, modifications, extensions and transfers.
  • Track required reporting (e.g. income projections, general authorizations and ad hoc data collection efforts).

Loan Closings

  • Support mortgage originators on new loan transactions and manage the closing process; including, allocation, rate lock, coordinating third party consultants (appraisal, lease abstracts, insurance, etc.), due diligence, reviewing loan documents, estoppels,  perform OFAC due diligence and clear OFAC issues, review settlement statements, prepare funding memos, liaison with accounting / wire transfer unit, complete loan servicing setup accurately and in required time frames, etc.
  • Complete loan set up and confirm data accuracy across accounting, third party servicing and management information systems.

Surveillance

  • Monitor loan/property performance, monitoring problem loans and assist on note sales.
  • Prepare annual mortgage valuations via customary approaches including DCF, direct cap, and sales comps.  Coordinate and review the servicer prepared OSAR financial analysis. 
  • Remain abreast of market research, and valuation trends specific to the Pacific Northwest real estate market, as well as the overall U.S. market.
  • Partner with mortgage originators, loan managers, analysts, risk management (internal and external), internal departments, third-party servicers, appraisers, regional architects, third party vendors, and legal counsel (in-house and external) on routine tasks and ad-hoc requests.

 

Essential Business Experience and Technical Skills:

Required:

  • 7+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred.
  • 5+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA’s.
  • 5+ years of experience with commercial real estate valuation and market fundamentals.
  • Proficiency with ARGUS Enterprise, Word, Excel, and PowerPoint.
  • Team oriented with excellent communication, organizational and time management skills.

 

Preferred:

  • Bachelor’s degree in Business, Finance, Real Estate, Economics, Math, Statistics, or a related field of study.  MBA a plus.

 

Travel

Less than 5%

 

Business Category

Real Estate Investments

 

Number of Openings

1

 

 #MIM

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

Job Function


 
 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management Retail San Francisco Full Time CA Asset Management Real Estate Asset Manager other