MetLife
Overview
Role based in Whippany, New Jersey. MetLife Investment Management (MIM) is a large institutional investor and asset manager with approximately $600 billion in managed assets. MIM has been recognized as a Best Place to Work in Money Management by Pensions & Investments for four consecutive years and maintains a diverse portfolio across public and private fixed income and private assets, including private equity and real estate. Learn more at www.metlife.com/investments. MIM’s Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, and real estate equities. The teams source and manage investments and develop relationships with key industry contacts. The mortgage and equity portfolios are organized by specialty and actively manage mortgage loans and equity investments across property types (office, apartment, retail, industrial, hotel) with focus on portfolio strategy, pricing, and credit/loan approvals. Real Estate Investments operates across seven regional offices in the US and four international offices. This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans managed by MetLife Investment Management’s Chicago Regional Office. The role will also assist loan producers with closing new loan originations. 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 restructurings. 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 setup and confirm data accuracy across accounting, third party servicing and management information systems. Surveillance: monitor loan/property performance, monitor 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: 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, Word, Excel, and PowerPoint. Team oriented with excellent communication, organizational and time management skills. Work authorization to work in the country where the position is located; relocation assistance is not required. Preferred: Bachelor’s degree in an applicable business-related field required; MBA or Masters in Real Estate equivalent preferred. 5+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels 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. #MIM Equal Employment Opportunity/Disability/Veterans If you need an accommodation due to a disability, please email 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.
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Role based in Whippany, New Jersey. MetLife Investment Management (MIM) is a large institutional investor and asset manager with approximately $600 billion in managed assets. MIM has been recognized as a Best Place to Work in Money Management by Pensions & Investments for four consecutive years and maintains a diverse portfolio across public and private fixed income and private assets, including private equity and real estate. Learn more at www.metlife.com/investments. MIM’s Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, and real estate equities. The teams source and manage investments and develop relationships with key industry contacts. The mortgage and equity portfolios are organized by specialty and actively manage mortgage loans and equity investments across property types (office, apartment, retail, industrial, hotel) with focus on portfolio strategy, pricing, and credit/loan approvals. Real Estate Investments operates across seven regional offices in the US and four international offices. This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans managed by MetLife Investment Management’s Chicago Regional Office. The role will also assist loan producers with closing new loan originations. 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 restructurings. 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 setup and confirm data accuracy across accounting, third party servicing and management information systems. Surveillance: monitor loan/property performance, monitor 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: 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, Word, Excel, and PowerPoint. Team oriented with excellent communication, organizational and time management skills. Work authorization to work in the country where the position is located; relocation assistance is not required. Preferred: Bachelor’s degree in an applicable business-related field required; MBA or Masters in Real Estate equivalent preferred. 5+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels 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. #MIM Equal Employment Opportunity/Disability/Veterans If you need an accommodation due to a disability, please email 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.
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