Associate, Real Estate Investments
Job Location: United States : Georgia : Atlanta
Role Value Proposition:
MetLife Investments is a premier asset manager with breadth across various asset sectors and global markets, and strong asset-liability management capabilities. With a $500 billion combined domestic and international general account portfolio and a multi-billion dollar annual cash flow, Investments is an important contributor to MetLife’s financial performance. The primary objective of Investments is to maximize MetLife’s long-term economic value by investing in assets that support the company’s liabilities and produce a consistent stream of operating earnings.
Global Real Estate and Agricultural Investments maintain a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. Real Estate Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago.
The Associate, Real Estate Investments 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 southeast region. They will also assist loan producers with closing new loan originations.
Loan Asset Management
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.
- Support mortgage originators on new loan transactions and manage the closing process; including, allocation, rate lock, coordinating third party consultants, due diligence, reviewing loan documents, etc.
Complete loan set up and confirm data accuracy across accounting, third party servicing and management information systems.
- Monitor loan/property performance, monitoring problem loans and assist on note sales.
Prepare annual mortgage ratings including OSAR financial analysis, market research, and valuation of commercial real estate.
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:
- Bachelor’s degree in an applicable business related field.
- 3+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA’s.
- 3+ years of experience with commercial real estate valuation and market fundamentals.
Proficiency with ARGUS (Argus Enterprise a plus), Word, Excel and CoStar.
3+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels.
- Asset Management
- Portfolio Management
2+ to 5 years
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