Senior Associate-Loan Management

 

Location Designation: Hybrid - 4 days per week 

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

 

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.  You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

 

You are our future, and we commit to investing in you accordingly. 

 

 

With over 100 years in business, New York Life Real Estate Investors (“NYL REI”) is the real estate debt and equity investment arm of NYL Investors LLC, a wholly owned subsidiary of New York Life Insurance Company (“New York Life”), with over $70 billion of real estate assets under management.

 

NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals. The primary focus of the Loan Management team is to manage commercial real estate debt products, including core, bridge and construction loans secured by industrial, multi-family, retail, office, and hotel properties across the continental United States and Mexico. 

 

What You'll Do:

 

The Senior Associate-Asset Manager will be responsible for the active, front-line management of a portfolio of commercial mortgage loans, overseeing all aspects of loan management from funding to disposition.

 

Key responsibilities include:

• Proactively manage a portfolio of commercial mortgage loans by analyzing financial statements and rent rolls to identify potential credit or market risks and assess compliance with loan covenants,
• Respond to borrower requests including lease approvals, reserve disbursements, ownership transfers, insurance claims, easements, guaranty releases, or collateral substitutions,
• Process construction and bridge loan draws in accordance with project budgets and contractual terms,
• Identify and track watchlist loans, preparing updates and analysis for regular portfolio review meetings,
• Partner with origination, legal, and senior leadership teams on loan modifications and document changes,
• Foster and maintain positive borrower relationships,
• Support initiatives aimed at enhancing process and operational efficiency, and
• Maintain accurate and up-to-date loan data across internal systems to support timely and reliable reporting. 

 

What You'll Bring:

 

• Bachelor’s degree required, preferably in real estate, finance, economics, accounting, or a related business discipline with an investment concentration,
• 3-5 years of hands-on experience in commercial real estate lending, with a deep understanding of complex debt structures including revolvers, senior loans, mezzanine financing, and securitized products,
• Extensive expertise in interpreting complex loan documents and overseeing construction loan budgets; familiarity with Built is a strong advantage,
• Experience with Argus or Excel-based financial modeling,
• Excellent analytical and organizational abilities, with the capacity to manage multiple priorities in a fast-paced environment, and
• Superior written and verbal communication skills. 

 

​

Pay Transparency

Salary Range: $95,000-$125,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligibl