Job Description

Metlife Investment Management Job Opportunity

Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a "Best Places to Work in Money Management" by Pensions & Investments for four consecutive years and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. 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 and four international offices. 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 Chicago 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 restructurings.

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:

• 4+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA's.
• 4+ 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.

Preferred:

• Bachelor's degree in an applicable business-related field required, MBA or Masters in Real Estate equivalent preferred.
• 4+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels preferred.

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