Associate-Loan Management

Location Designation: Hybrid - 3 days per week 

COMPANY

With over 100 years in business, New York Life Real Estate Investors (“NYL REI”) is the real estate debt and equity investment arm of NYL Investors LLC, a wholly owned subsidiary of New York Life Insurance Company (“New York Life”), with over $68 billion of real estate assets under management.

NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals. The primary focus of the Loan Management team is to manage commercial real estate debt products, including core, bridge and construction loans secured by industrial, multi-family, retail, office, and hotel properties across the continental United States and Mexico.

POSITION

The Associate-Asset Manager will be responsible for the active, front-line management of a portfolio of commercial mortgage loans.  The candidate will be involved in all aspects of loan management from funding to disposition including:

• developing positive borrower relationships,
• analyzing financial statements and rent rolls,
• interpreting loan documents to complete borrower requests including lease approvals, reserve disbursements, ownership transfers, insurance losses, easements, guaranty releases or substitutions of collateral, and
• accurately completing all reporting requirements. 

REQUIRED SKILLS

• Demonstrated interest in commercial real estate and capital markets,     
• Critical thinker with excellent organizational skills who can multi-task in a fast-paced environment,
• Demonstrated proficiency in Microsoft Excel and PowerPoint, experience with SQL or data visualization tools is a plus,
• Strong written and verbal communication skills

EDUCATION REQUIREMENT

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

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Pay Transparency

Salary Range:  $70,000-$85,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 91392