Debt Production/loan Asset Management Assoc - Los Angeles, United States - MetLife

MetLife

Verified Company

Los Angeles, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Country- United States- Working Schedule- Full-Time- Work Arrangement- Hybrid- Travel Required- 10%- Relocation Assistance Available- No- Posted Date- 07-May-2024- Job ID- 2594
Description and Requirements:

Debt Production & Loan Asset Management Associate

Associate - Debt Production and Loan Asset Management

Job Location:
Los Angeles, CA

Role Value Proposition:

Global Real Estate and Agricultural Investments maintain a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities.

Real Estate Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago.

The Associate will support the Mortgage team (Mortgage Production and Loan Management) for the MetLife General Account portfolio, its debt funds, and its separate investment management clients.

On-going responsibilities include overseeing assisting loan production and asset management teams with underwriting loans for origination, valuations of the properties for existing loans, preparation of Collateral Valuation Template for loan ratings, preparation of the Preliminary/Final Transaction Memos and Loan Modification Memos, review and process loan draws and assisting with loan closing, complying with all reporting and accounting requirements; working with Borrowers, and Portfolio Managers.

Key Responsibilities:

Support the seasoned Mortgage Team in assisting with originating new commercial real estate loans and loan asset management managing of the region's commercial mortgage portfolio.
Conduct property underwriting, valuation and market analysis essential to evaluate new commercial mortgage opportunities including evaluating the collateral, sponsorship, tenancy, and credit structure.
Identify potential risks and propose appropriate structure to mitigate risks across a range of property types including industrial, life science, multifamily, office, retail, hotels and selfstorage in Southern California, Nevada, Arizona, New Mexico and Hawaii.
Preparation of transaction memoranda and presentation to investment committee for approval.
Prepare quarterly property level analysis and reports to detect early warning issues by monitoring loan/property level performance as well as compliance to the loan covenants.
Responsible for loan asset management and servicing matters including payoffs and extensions, prepayments, lease reviews, SNDA's, reserves/draw requests, escrows, cash management, implementation and renewal of interest rate caps, loan assumptions, loan modifications, substitutions, property releases, financial reporting, inspections, postclosing items, and other borrower requests on assigned loan portfolio.
Assist with loan asset management throughout the loan term, including property financial statement and rent roll analysis, quarterly/annual property valuations, reviewing and processing loan draws to fund capital improvement and leasing costs, and property inspections.
Perform internal and external ad hoc reporting, pipeline tracking using MetLife's proprietary mortgage production system and provide systems database support.

Essential Business Experience and Technical Skills:

Required:

35 years of relevant experience with demonstrated understanding of commercial real estate valuation and discounted cash flow analysis.
Detailed and results orientated team player. Emphasis on communication skills (both oral and written) and ability to handle multiple assignments in a fastpaced environment.
Strong quantitative and computer skills, specifically advanced Excel modeling and proficiency in Argus Enterprise.
Team oriented with strong work ethic and time management skills.

Preferred:

Bachelor's degree in an applicable businessrelated field; MBA preferred.

Salary Grade
11A

Travel
5-10%- The salary range for applicants for this position is 112, ,000._

Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short
- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more
About MetLife

Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For , MetLife_, through its subsidiaries and affiliates,