New York Life Insurance Co

Associate, Loan Management

New York Life Insurance Co$75K — $106K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in real estate, finance, economics, accounting, or related field required.
  • Interest in commercial real estate and capital markets with knowledge of debt structures.
  • Experience with Argus or Excel for financial modeling.
  • Strong analytical and organizational skills for managing priorities.
  • Excellent written and verbal communication skills.

Responsibilities

  • Manage a portfolio of commercial mortgage loans, analyzing financials to identify risks.
  • Address borrower requests such as lease approvals and insurance claims.
  • Monitor watchlist loans and prepare updates for portfolio reviews.
  • Collaborate with origination, legal, and leadership on loan changes.
  • Build and maintain strong borrower relationships.
  • Drive initiatives to improve operational efficiency.
  • Keep loan data accurate and up-to-date for reporting purposes.

Benefits

  • Comprehensive benefits package including unique offerings for a modern workforce.
  • Leave programs and adoption assistance.
  • Student loan repayment programs.
  • Ongoing enhancements to benefits based on employee feedback.
Full Job Description
Location Designation: Hybrid - 4 days per week

What You'll Do:

The 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.

  • 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,
  • 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,
  • Demonstrated interest in commercial real estate and capital markets, with an understanding of debt structures including revolvers, senior loans, mezzanine financing, and securitized products,
  • 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.

#LI-AM1

Job Level: LEVELPF2

Pay Transparency

Salary Range: $75,000-$106,500

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 eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Job Requisition ID: 94340

About New York Life Insurance Co

New York Life Insurance Company is a mutual life insurance company in the United States and one of the life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR. New York Life and its subsidiaries provide insurance, investment, and retirement solutions. For 175 years, the company has been helping people put their love into action. It was founded in 1845 and is headquartered in New York.

New York Life Insurance Co Careers

Join the esteemed team at New York Life Insurance Co, a leader in the insurance industry, and propel your career to new heights with unparalleled job opportunities. As one of the most respected names in life insurance, we offer a platform where professionalism meets innovation, creating an environment ripe for personal and professional growth.

Work You’ll Do

At New York Life Insurance Co, you will be part of a culture that cherishes diversity and fosters leadership. Our team is composed of skilled professionals dedicated to providing financial security and peace of mind to our clients. By joining us, you will collaborate with top-tier experts in finance and insurance, leveraging your skills to make a meaningful impact.

Explore Career Paths

Whether you are seeking an internship, a full-time position, or a leadership role, New York Life Insurance Co provides a variety of career paths to help you achieve your professional goals. Our commitment to career development is evident through extensive training programs and continuous learning opportunities that ensure our team remains at the forefront of the industry.

Innovate and Lead

Embrace the opportunity to lead projects that drive innovation within the company and the insurance industry. New York Life Insurance Co is at the intersection of tradition and innovation, where we constantly strive to develop solutions that anticipate the needs of our clients.

Be Part of a Great Team

Our team at New York Life Insurance Co is our greatest asset. We thrive on collaboration and respect each other’s contributions, creating a supportive and inclusive workplace. Here, networking and mentorship go hand in hand with day-to-day operations, providing a robust support system for career advancement.

Future-Proof Your Career

With New York Life Insurance Co, your career is future-proofed with endless opportunities for advancement. Our comprehensive benefits package supports your life both inside and outside of work, while our leadership and diversity training prepare you to take on new challenges.

Join Our Team

Search for open positions that match your skills and interests. We are hiring creative, curious, and motivated individuals who are ready to drive their careers forward. Explore our job opportunities and find out how your talents can make a difference at New York Life Insurance Co.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news through our Careers Blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences, and discover the exciting and rewarding opportunities that await at New York Life Insurance Co.

Prepare for Your Interview

Ready to join us? Prepare your resume and sharpen your interview skills to become part of a company that values vision, leadership, and a commitment to excellence. At New York Life Insurance Co, we are not just offering a job; we are offering a pathway to success.

New York Life Insurance Co – A Place Where Careers Are Made

From fostering innovation to encouraging diversity, New York Life Insurance Co is where you can pursue your passions and grow your career. Join us and make a difference in the lives of our clients and communities every day.
Learn more about New York Life Insurance Co
Size
11,960 employees
Industry
Founded
1845

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