Job Information
MetLife Loan Asset Manager Associate in Atlanta, Georgia
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 [1] 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.
MIM offers investors a Commercial Mortgage strategy that seeks to identify lower leveraged mortgages that offer higher relative value and greater protection from default risk. Our commercial mortgage business targets primary markets with the remainder in defined secondary and tertiary markets. We focus on institutional quality office buildings, retail centers, apartment complexes, industrial properties, and hotels. Professionals in MIM’s regional field office network solicit, 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:
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.
Preferred:
Bachelor’s degree in an applicable business-related field; MBA or MSRE 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.
References
Visible links
- http://www.metlife.com/investments
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. 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.