Sr. Associate, Commercial Real Estate

National Life Insurance CompanyMontpelier, VT
Onsite

About The Position

As a member of the Commercial Real Estate team, you will support the management of a diversified commercial mortgage portfolio, contributing to asset performance, credit analysis, credit risk management, and portfolio monitoring. This role focuses requires a hands-on professional who can operate across asset management, analytics, borrower relationships, and operations — supporting both investment outcomes and platform efficiency. You will partner with senior team members to provide insights on portfolio performance, contribute to investment analysis, portfolio construction, and risk management, while participating in cross-functional initiatives that enhance scalability, reporting, and operational effectiveness across the platform. This position currently offers an onsite work schedule, with the expectation that you are in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

Requirements

  • 8 or more years Total Combined post-secondary education and relevant work experience: Bachelor’s degree and 4 – 6 years of related experience.
  • 3 - 5 years of experience in commercial real estate asset management, lending, or credit.
  • Proven ability to make meaningful contributions to a large CRE loan portfolio, underwriting, or financial analysis.
  • Strong skills in DCF modeling, valuation, and real estate credit analysis.
  • Experience with portfolio analytics, stress testing, or risk modeling.
  • Proven ability to work cross-functionally and drive initiatives to completion.
  • Advanced Excel skills (financial modeling and scenario analysis).

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 committee or senior leadership.
  • MBA or advanced degree in real estate, finance, or related field.

Responsibilities

  • Support the management of a large-scale CRE loan portfolio (multi-billion-dollar exposure 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, proactively managing relationships and identifying opportunities to enhance asset performance.
  • Monitor watchlist and REO assets and contribute to asset-level strategies that maximize recovery and value.
  • Perform financial analysis, re-underwriting, and stress testing to identify potential risks.
  • Contribute to quarterly reporting and valuation processes, including DCF modeling and market analysis.
  • Assist in evaluating loan modifications, extensions, and restructurings and workouts including distressed scenarios such as foreclosures or note sales.
  • Partner with legal, accounting, and servicing teams to support credit and risk-related activities.
  • Design and maintain portfolio-level analytics, including stress models, KPIs, and performance dashboards.
  • Provide actionable insights to support evaluation of credit trends, risk exposure, and portfolio performance.
  • Support continuous improvement in reporting processes, automation, and data quality.
  • Partner with originations to evaluate new investments, including underwriting, structuring, and IC memo preparation.
  • Provide market intelligence and peer benchmarking to support investment decisions.
  • Support execution of borrower requests in conjunction with 3rd party loan servicers including lease approvals, reserve disbursements, ownership transfers, and collateral modifications.
  • Ensure integrity and accuracy 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 (reporting automation, system enhancements, 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.
  • All other duties as assigned.

Benefits

  • Base Pay Range
  • Additional Compensation and Benefits
  • 401(k) eligibility
  • various paid time off benefits, such as vacation, sick time, and parental leave
  • discretionary annual incentive programs
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