Senior Associate, Mortgage Loan
Job in
New York, New York County, New York, 10261, USA
Listed on 2026-07-01
Listing for:
New York Life
Full Time
position Listed on 2026-07-01
Job specializations:
-
Finance & Banking
Loan Servicing, Credit Analyst, Portfolio & Asset Management, Risk Manager/Analyst
Job Description & How to Apply Below
Location: Hybrid – 4 days per week
Job Title: Senior Associate-Asset Manager
The Senior Associate-Asset Manager will be responsible for the active, front‑line management of a portfolio of commercial mortgage loans for one of the largest commercial mortgage portfolios in the life insurance industry, overseeing all aspects of loan management from funding to disposition.
What You'll Do- Proactively manage a portfolio of commercial mortgage loans by analyzing financial statements and rent rolls to identify potential credit or market risks and assess compliance with loan covenants.
- Respond to borrower requests including lease approvals, reserve disbursements, ownership transfers, insurance claims, easements, guaranty releases, or collateral substitutions.
- Process construction and bridge loan draws in accordance with project budgets and contractual terms.
- Identify and track watchlist loans, preparing updates and analysis for regular portfolio review meetings.
- Partner with origination, legal, and senior leadership teams on loan modifications and document changes.
- Foster and maintain positive borrower relationships.
- Support initiatives aimed at enhancing process and operational efficiency.
- Maintain accurate and up-to-date loan data across internal systems to support timely and reliable reporting.
- Bachelor’s degree required, preferably in real estate, finance, economics, accounting, or a related business discipline with an investment concentration.
- 3‑5 years of hands‑on experience in commercial real estate lending, with a deep understanding of complex debt structures including revolvers, senior loans, mezzanine financing, and securitized products.
- Extensive expertise in interpreting complex loan documents and overseeing construction loan budgets; familiarity with Built is a strong advantage.
- Experience with Argus or Excel‑based financial modeling.
- Excellent analytical and organizational abilities, with the capacity to manage multiple priorities in a fast‑paced environment.
- Superior written and verbal communication skills.
Salary Range: $110,000 – $125,000 (base)
Overtime eligible: Exempt
Discretionary bonus: Yes
Actual base salary will be determined based on several factors, including individual experience, skills, qualifications, and job location. Employees may also be eligible to participate in an incentive program.
#J-18808-LjbffrPosition Requirements
10+ Years
work experience
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