MetLife

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 1100 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.  

MIM’s Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities.  In addition to sourcing and managing these investments, the groups are responsible for developing and maintaining relationships with key industry contacts and referral sources.  The mortgage portfolio and equity portfolio units are organized according to specialty, and they actively manage MetLife’s portfolio of mortgage loans and equity investments in agricultural, office, apartment, retail, industrial, and hotel properties. The portfolio units are responsible for overall portfolio strategy, pricing, transaction approval and credit approval on new loans, as well as the active management of the overall mortgage and equity portfolios.  Real Estate Investments sources and manages commercial real estate investments through seven regional field offices (Atlanta, Chicago, Dallas, Los Angeles, San Francisco, Washington, DC, and Whippany, NJ) and four international offices (London, Mexico City, Tokyo and Santiago).  

This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans managed by MetLife Investment Management’s Northeast Regional Office.  In addition, this role will also assist loan producers with closing new loan originations.

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

Essential Business Experience and Technical Skills: 

Required: 

• 1-4+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family, self-storage, senior housing, single family residential communities, data centers and hotels preferred.  
• Strong quantitative and modeling skills, specifically Excel and Argus Enterprise; familiarity with the leading commercial real estate market data resources (i.e.-CoStar, CBRE Econometric Advisors, Real Capital Analytics, etc.) a plus. 
• Team oriented with excellent communication, organizational and time management skills with the ability to manage multiple projects simultaneously. 
• Effective writing skills and ability to synthesize information, as well as verbal interpersonal/communication skills. 
• 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. 

Preferred:

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.