Mortgage Loan Associate - Entry Level

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Date: May 1, 2019

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.

 

The primary responsibility for the position will be to assist a senior manager in proactively managing 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 management 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.

 

The ideal candidate should be self-motivated, able to work independently, possess a strong work ethic and good communication skills. The position requires a bachelor's degree in economics, finance, accounting or other business degree with an investment focus.  

 

We offer a competitive compensation package; a flexible benefits program, 401(k) with Company match, a tuition assistance program and many other attractive benefits.

 

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