Senior Associate, Mortgage Loan

New York Life • New York, NY

2d • $93,000 - $133,000 • Hybrid

About The Position

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

Requirements

• 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.

Responsibilities

• 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 This Job Offers

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