Loan Management - Senior Associate

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Date: Aug 25, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

 

 

 

New York Life Real Estate Investors has an immediate opening for a Loan Management Senior 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.

 

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 our Foundation. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 84073

 

 

 


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