Paralegal, Office of the General Counsel - Real Estate

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Date: Jul 23, 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 Office of the General Counsel (OGC) is responsible for all legal functions within New York Life.  The Real Estate Group within OGC provides legal support for all real estate investments and corporate real estate managed by New York Life Real Estate Investors, a division of NYL Investors LLC.  These investments include mortgage, mezzanine and structured financing, CMBS, real property acquisitions, dispositions, fund formation and governance, loan servicing, asset management and leasing related activities.

 

New York Life is looking for an experienced, dynamic paralegal with exceptional analytical and communication skills.  This is an exciting opportunity to work and develop in an innovative company with a rich history founded upon stewardship, integrity and financial strength. 

 

  • Coordinate the preparation, delivery and execution of legal documents with the Real Estate business clients.

 

  • Process original loan files (including delivery of original security instruments to Custodian, follow up with outside counsel to request missing documents and files, preparation of closing index, organization of loan files, including creation of file folder labels, and preparation of closing binders (both hard and electronic copies).

 

  • Prepare Close-Out Memos to transfer files from the Office of the General Counsel to the Real Estate business clients.

 

  • Coordinate deliverables in connection with any loan participation, syndication or pledge under a credit facility and/or repurchase facility (including forwarding loan documents and due diligence materials to requesting parties and following up on additional requested deliverables from prospective participant, loan purchaser or facility provider with attorney supervision).

 

  • Prepare and review Confidentiality Agreements to add standard riders and to advise attorneys of non-standard provisions.

 

  • Prepare standard Participation Agreements between the Company and its affiliates to document the internal syndication of loan transactions among the Company’s various profit centers.

 

  • Prepare organizational documents and order related tax ID’s.

 

  • Review SNDA’s, leases, and other agreements.

 

  • Prepare engagement letters to outside counsel.

 

  • Backup loan files for Business Contingency Purposes.

 

  • Engage in preliminary legal research on various issues raised by attorneys.

 

  • Investigate source and background of a variety of legal notices and litigation motions received in the Home Office and potentially relating to real estate investments.

 

  • Prepare OGC new litigation memos.

 

The candidate should have at least 3 years experience as a paralegal, legal assistant or law clerk within a real estate division of a law firm or company.  Additionally, a bachelor's degree is required.

 

EOE M/F/D/V

 

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