Loan Management Associate

Job Description

New York Life Real Estate Investors has an immediate opening for a Loan Management Associate in its Home Office located in New York City, New York.

This position offers an outstanding opportunity to learn and develop a solid career in commercial real estate and interact with seasoned real estate professionals. 

ROLE

The primary responsibility for the position will be to proactively manage a regional portfolio of conventional and structured commercial mortgage assets with an aim of maintaining the integrity of the assets while minimizing losses and maximizing profitability, all while ensuring compliance with both financial and non-financial loan agreement terms. Specific responsibilities include all loan servicing activities from point of funding through maturity, prepayment or other disposition, with functions ranging from new loan set-up through payoff processing, database management, lease reviews and financial analysis utilizing Argus or similar financial modeling tools, problem loan identification & resolution strategies. Additionally, candidate may handle closings for extensions and refinances of existing loans and support the field office on other existing loan activities.

SKILLS AND QUALITIES

• Eager to learn and build a career in real estate.
• Critical thinker, detail-oriented, capable of handling competing priorities.
• Self-motivated, conscientious, takes pride in providing high quality work product.
• Strong written and verbal communications.
• Positive demeanor and the ability to work cooperatively with other team members.
• Proficiency in valuation software (i.e. Argus) is a must
• Construction loan administration experience is a plus

EDUCATION REQUIREMENT

A four-year bachelor’s degree is required preferably in real estate, finance, economics, accounting or other business degree with an investment focus.

THE COMPANY

New York Life Real Estate Investors is a full-service, fully-integrated real estate enterprise with $55+ billion in assets under management.  The focus is origination and management of real-estate-related debt and equity investments on behalf of New York Life Insurance Company and third-party investors. Our three investment platforms include: Commercial Mortgage Loans, Direct Equity Investment and Real Estate Securities Investment (CMBS and REIT debt). More information on the Company can be found at: www.newyorklife.com/realestateinvestors.

New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly owned subsidiary of New York Life Insurance Company, a 177-year-old mutual life insurance company.