Senior Associate, Commercial Real Estate Asset Management

National Life Insurance Company • Montpelier, VT

8d • $86,625 - $127,050 • Onsite

About The Position

As a member of National Life Group’s Commercial Real Estate team, the Senior Associate supports management of a diversified, multi-billion-dollar commercial mortgage portfolio. The position contributes to asset performance, credit analysis, risk management, and portfolio monitoring, working across asset management, analytics, borrower relationships, and operations. The associate partners with senior team members on portfolio performance insights, investment analysis, portfolio construction, and risk management, and participates in cross-functional initiatives to improve platform scalability, reporting, and operational effectiveness.

The position is currently onsite four days per week, Monday through Thursday, with work schedule type and core days subject to change with advance notification and manager discretion. The role does not offer visa sponsorship.

Requirements

• Bachelor’s degree and 4–6 years of related experience, as part of at least 8 years of combined post-secondary education and relevant work experience.
• 3–5 years of experience in commercial real estate asset management, lending, or credit.
• Demonstrated ability to contribute meaningfully to a large CRE loan portfolio, underwriting, or financial analysis.
• Strong DCF modeling, valuation, and real estate credit analysis skills.
• Experience with portfolio analytics, stress testing, or risk modeling.
• Ability to work cross-functionally and drive initiatives to completion.
• Advanced Excel skills, including financial modeling and scenario analysis.
• Applicants must use approved AI tools appropriately where useful, remain open to AI-enabled work methods, review and validate AI-generated content, maintain accountability for work quality and integrity, and follow company policies for confidentiality, privacy, security, compliance, retention, and intellectual property.

Nice To Haves

• Experience with loan workouts, bridge lending, or transitional assets.
• Familiarity with commercial loan servicing or asset management platforms.
• Argus Enterprise certification or equivalent experience.
• Experience presenting to investment committees or senior leadership.
• MBA or advanced degree in real estate, finance, or a related field.

Responsibilities

• Support management of a large-scale commercial real estate loan portfolio across asset classes.
• Monitor loan performance, including funding approvals, leasing activity, covenant compliance, and borrower requests.
• Serve as a primary point of contact for loan servicers, mortgage bankers, and borrowers; manage relationships and identify opportunities to enhance asset performance.
• Monitor watchlist and REO assets and contribute to asset-level strategies to maximize recovery and value.
• Perform financial analysis, re-underwriting, and stress testing to identify potential risks.
• Contribute to quarterly reporting and valuation, including DCF modeling and market analysis.
• Assist in evaluating loan modifications, extensions, restructurings, and workouts, including foreclosures and note sales.
• Partner with legal, accounting, and servicing teams on credit- and risk-related activities.
• Design and maintain portfolio analytics, including stress models, KPIs, and performance dashboards.
• Provide insights on credit trends, risk exposure, and portfolio performance.
• Improve reporting processes, automation, and data quality.
• Partner with originations to evaluate new investments, including underwriting, structuring, and investment committee memo preparation.
• Provide market intelligence and peer benchmarking to support investment decisions.
• Support execution of borrower requests with third-party loan servicers, including lease approvals, reserve disbursements, ownership transfers, and collateral modifications.
• Ensure accuracy and integrity of loan data across internal systems and reporting platforms.
• Participate in cross-functional initiatives across servicing, IT, accounting, and asset management.
• Identify and implement efficiency improvements, including reporting automation, system enhancements, and vendor optimization.
• Mentor and develop junior asset management professionals, providing guidance, training, and oversight of analytical work.
• Support hiring and onboarding of analysts and associates.
• Help build scalable processes and best practices to support team growth.
• Perform other duties as assigned.

Benefits

• Benefits begin on day one and are described as flexible and customizable.
• Medical, financial, and other benefits may be included, depending on the position offered.
• 401(k) eligibility.
• Paid time off benefits, including vacation and sick time.
• Parental leave.
• Potential eligibility for discretionary annual incentive programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior