Loan Asset Manager Associate

Loan Asset Manager Associate

Role Value Proposition:

Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with nearly $600.8 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with extensive experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.

MIM's Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. In addition to sourcing and managing these investments, the groups are responsible for developing and maintaining relationships with key industry contacts and referral sources.

MIM offers investors a Commercial Mortgage strategy that seeks to identify lower leveraged mortgages that offer higher relative value and greater protection from default risk. Our commercial mortgage business targets primary markets with the remainder in defined secondary and tertiary markets. We focus on institutional quality office buildings, retail centers, apartment complexes, industrial properties, and hotels. Professionals in MIM's regional field office network solicit, underwrite, and process the loans and have in-depth real estate knowledge and longstanding industry relationships.

Key Responsibilities:

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.

• Coordinate and assist with mortgage modifications and restructures.

Loan Closings

• 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.

Surveillance

• 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.

Communication

• 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:

• 3+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family, and hotels preferred.

• 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), Word, Excel, and CoStar.

• Team oriented with excellent communication, organizational and time management skills.

Preferred:

• Bachelor's degree in an applicable business-related field; MBA or MSRE preferred

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.

The salary range for applicants for this position is $112,00 - $130,000.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

About MetLife

Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For , MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible. Join us!

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.

$112,00 - $130,000