Loan Asset Manager Associate
Location:
Los Angeles , California
Posted:
April 18, 2017
Reference:
45801-en_US

Job Location: United States : California : Los Angeles  

 

 

MetLife Investments is a premier asset manager with breadth across various asset sectors and global markets, and strong asset-liability management capabilities.  With a $500 billion combined domestic and international general account portfolio and a multi-billion dollar annual cash flow, Investments is an important contributor to MetLife’s financial performance.  The primary objective of Investments is to maximize MetLife’s long-term economic value by investing in assets that support the company’s liabilities and produce a consistent stream of operating earnings. 

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Global Real Estate and Agricultural Investments maintain a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. Real Estate Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago.  This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans owned by MetLife’s general account and third party investors in the southwest region.  They will 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 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, negotiating SNDAs, reviewing tenant estoppels, OFAC compliance, 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, IT, and legal counsel (in-house and external) on routine tasks and ad-hoc requests.

 

  • Bachelor’s degree in an applicable business related field required, MBA or Masters in Real Estate equivalent preferred.
  • 3-7 years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred.
  • 2-5 years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA’s.
  • 3-7 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.

 

5-10%

 

Real Estate Investments

 

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.

 

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 45801 


A little about us:
MetLife offers life insurance, disability income insurance, car insurance, employee benefits and more.

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