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Debt Production & Loan Asset Management Associate

Salary
$100,000-$124,999
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Los Angeles
 CA
Postal Code
90017
Country
United States

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Description


Role Value Proposition:  

Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with nearly $600.8 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with extensive experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including real estate. Visit us at  to learn more.  

 

MIM’s Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities.  In addition to sourcing and managing these investments, the groups are responsible for developing and maintaining relationships with key industry contacts and referral sources.    

 

The Associate will support the Mortgage team (Mortgage Production and Loan Management) for the MetLife General Account portfolio, its debt funds, and its separate investment management clients.  On-going responsibilities include overseeing assisting loan production and asset management teams with underwriting loans for origination, valuations of the properties for existing loans, preparation of Collateral Valuation Template for loan ratings, preparation of the Preliminary/Final Transaction Memos and Loan Modification Memos, review and process loan draws and assisting with loan closing, complying with all reporting and accounting requirements; working with Borrowers, and Portfolio Managers.

 

 

Key Responsibilities:  

  • Support the seasoned Mortgage Team in assisting with originating new commercial real estate loans and loan asset management managing of the region’s commercial mortgage portfolio.
  • Conduct property underwriting, valuation, and market analysis essential to evaluate new commercial mortgage opportunities including evaluating the collateral, sponsorship, tenancy, and credit structure.  
  • Identify potential risks and propose appropriate structure to mitigate risks across a range of property types including industrial, life science, multi-family, office, retail, hotels and self-storage in Southern California, Nevada, Arizona, New Mexico, and Hawaii.
  • Preparation of transaction memoranda and presentation to investment committee for approval.
  • Prepare annual mortgage ratings including periodic financial analysis, market research, and valuation of commercial real estate.
  • Evaluate and monitor ongoing performance of commercial real estate loan portfolio in accordance with stated strategies including portfolio reporting.   
  • Prepare quarterly property level analysis and reports to detect early warning issues by monitoring loan/property level performance as well as compliance to the loan covenants. 
  • Assist in managing the closing process for new transactions including negotiating loan applications and loan documents, completing all due diligence, and coordinating with a closing team that includes loan asset managers, production analysts, portfolio managers, attorneys, architects, appraisers, and other third-party service providers.
  • Responsible for loan asset management and servicing matters including payoffs and extensions, prepayments, lease reviews, SNDA’s, reserves/draw requests, escrows, cash management, implementation and renewal of interest rate caps, loan assumptions, loan modifications, substitutions, property releases, financial reporting, inspections, post-closing items, and other borrower requests on assigned loan portfolio. 
  • Assist with loan asset management throughout the loan term, including property financial statement and rent roll analysis, quarterly/annual property valuations, reviewing and processing loan draws to fund capital improvement and leasing costs, and property inspections. 
  • Perform internal and external ad hoc reporting, pipeline tracking using MetLife’s proprietary mortgage production system and provide systems database support.

 

 

Essential Business Experience and Technical Skills: 

Required:

  • ·         3-5 years of relevant experience with demonstrated understanding of commercial real estate valuation and discounted cash flow analysis.
  • ·         Detailed and results orientated team player. Emphasis on communication skills (both oral and written) and ability to handle multiple assignments in a fast-paced environment. 
  • ·         Strong quantitative and computer skills, specifically advanced Excel modeling and proficiency in Argus Enterprise.
  • ·         Preference given to candidates who have relevant experience and familiarity with the leading commercial real estate market data resources (i.e., CoStar, CBRE Econometric Advisors, Real Capital Analytics, etc.).
  • ·         Team oriented with strong work ethic and time management skills.

 Preferred:

  •  Bachelor’s degree in an applicable business-related field; MBA 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.


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Asset / Portfolio Management Retail Los Angeles Full Time CA Asset Management, Investment Management Analyst/Sr. Analyst, Portfolio Planning and Analysis other