City/Cities
Atlanta
State(s)
Georgia
Country
United States
Working Schedule
Full-Time
Work Arrangement
Hybrid
Relocation Assistance Available
No
Posted Date
09-May-2024
Job ID
2598
Description and Requirements Loan Asset Manager Associate Loan Asset Manager Associate
Job Location: Atlanta, GA
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 over $600 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 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.
In October 2012, building upon the company's distinct expertise and success investing in private assets for the general account, MetLife launched its third-party asset management business in corporate private placements, infrastructure debt, commercial mortgage loans and direct equity investments in commercial real estate. In addition to a strong track record and investment talent in both public and private assets, MIM's competitive advantage lies in our deep credit underwriting fundamentals, seasoned and experienced individuals who have worked together for many years, and a disciplined risk management approach that permeates the business. Institutional investors have access to MIM's unique platform and capabilities, intellectual capital, and the ability to work with a financially-strong partner offering attractive long-term returns and well-managed risk.
Real Estate Debt MIM offers investors a commercial mortgage strategy that seeks to identify a relatively broad spectrum of commercial mortgages that offer higher relative value and greater protection from default risk. MetLife's commercial mortgage business focuses on institutional quality office buildings, retail centers, apartment complexes, industrial properties and hotels that are located in targeted primary, secondary and select tertiary markets. Professionals in MIM's seven domestic regional offices (Northeast, Dallas, San Francisco, Los Angeles, Southeast, Washington DC, and Whippany, NJ) and four international offices (London, Mexico City, Tokyo and Santiago) source, evaluate, underwrite and process the loans and have in-depth real estate knowledge and longstanding industry relationships.
Key Responsibilities: 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 restructures.
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 set up and confirm data accuracy across accounting, third party servicing and management information systems.
Surveillance Monitor loan/property performance, monitoring 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 and external), internal departments, third-party servicers, appraisers, regional architects, third party vendors, and legal counsel (in-house and external) on routine tasks and ad-hoc requests.
Essential Business Experience and Technical Skills: Required: Bachelor's degree in an applicable business-related field required, MBA or MSRE a plus. 3+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred. 3+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA's. 3+ years of experience with commercial real estate valuation and market fundamentals. Proficiency with ARGUS (Argus Enterprise), Word, Excel and CoStar. 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 not require relocation assistance.
Salary Grade 11A
Travel Less than 5% of the time.
Business Category Investments/Real Estate
Number of Openings 1
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."
The salary range for applicants for this position is $112,00 - $130,000.
Benefits We Offer
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 entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For ®, MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible. Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at . This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace. $112,00 - $130,000
