MIM - Associate - Loan Management

Overview

Based in Whippany, New Jersey, Met Life Investment Management ("MIM") is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a “Best Places to Work in Money Management” by Pensions & Investments for four consecutive years and has consistently generated superior returns for policyholders and shareholders.

The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. Visit us at  to learn more.

Role Value Proposition: Met Life Investment Management is a global real estate and agricultural investments group that sources and manages commercial real estate and agricultural mortgages, and real estate equities. The group develops and maintains relationships with key industry contacts and referral sources, and manages portfolios across mortgage loans and equity investments in various property types.

This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans managed by Met Life Investment Management’s Chicago Regional Office. The role may also assist loan producers with closing new loan originations.

• Loan Asset Management:
  Responsible for loan asset management and servicing matters including payoffs, prepayments, lease reviews, SNDA’s, reserves/draw requests, escrows, cash management, loan assumptions, substitutions, property releases, financial reporting, inspections, post-closing items, and other borrower requests on assigned loan portfolio. Coordinate and assist with mortgage modifications and restructurings.

• Loan Closings:
  Support mortgage originators on new loan transactions and manage the closing process, including allocation, rate lock, coordinating third party consultants, due diligence, reviewing loan documents, etc. Complete loan setup and confirm data accuracy across accounting, third party servicing and management information systems.

• Surveillance:
  Monitor loan/property performance, monitor problem loans, and assist on note sales. Prepare annual mortgage ratings including OSAR financial analysis, market research, and valuation of commercial real estate.

• Communication:
  Partner with mortgage originators, loan managers, analysts, risk management, internal departments, third-party servicers, appraisers, regional architects, third party vendors, and legal counsel on routine tasks and ad-hoc requests.

Required:

• 5+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA’s.
• 5+ years of experience with commercial real estate valuation and market fundamentals.
• Proficiency with ARGUS, Word, Excel, and PowerPoint.
• Team oriented with excellent communication, organizational and time management skills.
• In order to post for this position, you need the proper work authorization to work in the country where the position is located and does not require relocation assistance.

Preferred:

• Bachelor’s degree in an applicable business-related field required; MBA or Masters in Real Estate equivalent preferred.
• 5+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred.

The expected salary range for this position is $120,000 - $140,000. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded…