Real Estate Loan Associate
Job Description
Location Designation:
When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.
New York Life Real Estate Investors has an immediate opening for an entry-level Loan Management Associate in its Home Office located in New York City, New York.
This position offers an outstanding opportunity to learn and develop a solid career in commercial real estate and interactwith seasoned real estate professionals.
A senior manager trains and works closely with entry-level associates to ensureproper guidance and expectations.
ROLE
The Associate will primarily manage a regional portfolio of commercial mortgage assets to ensure compliance with both financial and non-financial loan agreement terms.
The Associate will be involved in all aspects of the mortgage loanfrom acquisition to disposition including all borrower requests, financial analysis, covenant compliance, lease and rent roll reviews, market research, data management and analytics.
SKILLS AND QUALITIES
Eager to learn and build a career in real estate.
Critical thinker, detail-oriented, capable of handling competing priorities.
Self-motivated, conscientious, takes pride in providing high quality work product.
Strong written and verbal communications.
Positive demeanor and the ability to work cooperatively with other
team members.
EDUCATION REQUIREMENT
A four-year bachelor’s degree is required preferably in real estate, finance, economics, accounting or other businessdegree with an investment focus.
THE COMPANY
New York Life Real Estate Investors is a full-service, fully-integrated real estate enterprise with $55+ billion in assetsunder management. The focus is origination and management of real-estate-related debt and equity investments onbehalf of New York Life Insurance Company and third-party investors. Our three investment platforms include:Commercial Mortgage Loans, Direct Equity Investment and Real Estate Securities Investment (CMBS and REIT debt).More information on the Company can be found at:
www.newyorklife.com/realestateinvestors.
New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly owned subsidiary of New York LifeInsurance Company, a 175-year-old mutual life insurance company.
Salary range: $67,500-$90,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We’re proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com
