MetLife

Location of Role: Overland Park, KS or Memphis, TN

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 www.metlife.com/investments to learn more.  

Global Real Estate and Agricultural Finance maintain a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities.  The Associate, Timber Loan Asset Manager is responsible for the workflow which impacts accurate and timely completion of loan origination and servicing functions related to the MetLife Agricultural Finance portfolio.  This position requires significant attention to detail as well as a strong real estate-oriented technical skill set.  A strong background in dealing with complex legal documents supporting both simple and complex real estate transactions is a must.  This position must manage multiple and competing priorities in a complex, fast-paced environment.

Key Responsibilities: 

1. Portfolio Management:

• Manage a portfolio of Timber loans for which duties include, but are not limited to, servicing functions such as interest rate reviews, partial releases, collateral substitutions, easements, subordinations, consents, and non-disturbances, re-inspection reports, amendments, and loan payoff requests.
• Conduct analysis of borrower requests, in collaboration with internal and external counterparts, and complete narrative recommendations for approval, through the MetLife Investment Management (MIM) portfolio management system.
• Facilitate documentation and completion/closing of such loan servicing actions.
• Coordinate due diligence and data collection efforts related to portfolio management.
• Establish and enhance relationships with our customers as an ambassador for MIM fielding borrower inquiries/requests and increasing potential for additional loan opportunities by providing superior customer service.
• Responsible for tracking covenants, including receipt, analysis, and satisfaction of related requirements.  Timber specific (training provided as needed) requirements may include, but are not limited to, Annual Harvest Reports, Annual Harvest Plans, and Cruise Reviews.
• Recognize business concerns, analyze, and develop solutions which are presented to deal team leaders and senior management.
• Fully utilize the MIM portfolio management systems to ensure that up to date and accurate file maintenance is in concert with company policies and procedures.

2. Loan Closing:

1. With support of in-house and outside counsel, negotiates, assembles and processes accurate mortgage and loan closing documents consistently, in a timely manner, and in compliance with MIM’s policies.  
2. Work collaboratively with deal team, in house and outside legal and senior management ensuring closing documents accurately reflect loan approval.
3. Responsible for OFAC and Know Your Customer due diligence.
4. Collaborate with mortgage team members, brokers, property owners, attorneys and other transaction counterparts to perform due diligence including, but not limited to, legal description review and reconciliation, review of exceptions to title policies, easements, supply agreements, and other agreements that potentially impact loan collateral.
5. Verifies borrower information, including trust agreements, corporation resolutions, lease agreements, etc. is accurate and current.
6. Responsible for all post-closing follow up with respect to any outstanding issues, including receipt of recorded documents and accurate title policy with endorsements.
7. Analyzes and verifies accuracy and reasonableness of terms set forth in loan applications.

3. Team Lead:

1. Coordinate workflow as it relates to Loan Closings and Loan Asset Management for the team.
2. Coordinate training with Regional Office Management to ensure regional specific requirements are practiced.
3. Mentoring and coaching of Loan Asset Manager(s) on team.

4. Other Support:

1. Facilitate acquisition, distribution, and payment for marketing materials, etc.
2. Coordinate marketing events and office activities.
3. Collaborate regularly with other timber team members in their portfolio management and loan closing roles.

Essential Business Experience and Technical Skills: 

Required: 

• At least 5-7 years relevant experience
• Intermediate experience in real estate finance, including preparing loan documents, closing loans and loan servicing.
• Knowledge of complex loan terms
• Results orientated team player. Emphasis on communication skills (both oral and written) and ability to handle multiple assignments.
• Strong quantitative and computer skills, specifically Excel.
• Great attention to detail and accuracy  
• Team oriented with strong work ethic and time management skills.

Preferred:

• Bachelor’s degree in related field (timber, agriculture, or business/finance); MBA a plus.
• Knowledge of Timber Industry a plus.
• Preference given to candidates who have relevant experience (strong knowledge of, Excel, Word and PowerPoint).

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.