New York Life Insurance Co

Director, Commercial Mortgage Originator

New York Life Insurance Co$150K — $200K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's or Master's degree in Finance, Real Estate, Accounting, or related field preferred
  • 7 to 10 years of experience as a commercial mortgage underwriter or originator
  • Experience with a major financial institution or mortgage brokerage company
  • Proven track record in commercial mortgage loan originations
  • Strong work ethic
  • Ability to work well in a team setting
  • Industry recognized designations like CCIM or CFA is a plus

Responsibilities

  • Analyze, underwrite, and forecast property cash flows using Argus and Excel
  • Size and price loans, negotiate term sheets and loan commitments
  • Manage commercial mortgage loan origination and due diligence processes
  • Organize, efficiently manage workloads, and assume accountability for performance
  • Build relationships and effectively communicate with clients and stakeholders
  • Gather and interpret real estate market data and financial information
  • Adapt to changes in workflow and priorities in a team environment

Benefits

  • Full package of employee benefits
  • Leave programs
  • Adoption assistance
  • Student loan repayment programs
  • Employee feedback-driven benefits refinement
  • Opportunity to flourish both inside and outside of work
Full Job Description
Location Designation: Hybrid - 4 days per week

The primary focus of the Real Estate Debt Team is the origination and management of commercial real estate related debt products, including mortgage loans (fixed and floating rate) and structured debt investments (including construction and bridge loans), which are typically secured by industrial, multi-family, retail, office, and hotel properties.

The Southeast Regional Office is responsible for commercial mortgage origination and portfolio management efforts for the Southeast U.S. The Southeast Regional Office territory is comprised of 11 states and markets such as Atlanta, Miami, Orlando, Charlotte, Raleigh, and Nashville. Over the past four years, the Southeastern Regional Office has originated approximately $6.6 billion of fixed and floating rate mortgages including core and high yield/bridge loans on a variety of properties, working with top tier owners, developers, investment advisors, pension funds, private equity firms, and mortgage brokers.

What You'll Do:
  • Excellent analytical, quantitative and technical skills, including the ability to analyze, underwrite and forecast property cash flows and valuations using Argus and Excel software.
  • The ability to size and price loans with proper structural features and negotiate term sheets and loan commitments.
  • Successful track record and experience in the commercial mortgage loan origination, due diligence, and loan closing/negotiation processes.
  • Team player who is organized, efficient, proactive, conscientious and assumes accountability and responsibility for specific performance and work product.
  • Strong interpersonal, relationship-building skills, and marketing skills. Excellent written and verbal communication and presentation skills. Creative problem-solver with strong research skills.
  • The ability to gather, analyze, and interpret real estate market data/trends and financial information. The ability to independently and proactively interact with, and gather data from borrowers, brokers, property managers, appraisers, attorneys, and other real estate professionals.
  • The ability to multi-task and effectively respond to changes in workflow, priorities and workload in a team environment.
  • Knowledge of Southeast real estate markets and commercial properties including, but not limited to, industrial, retail, multi-family, office, and hotels is a plus.
  • Construction lending and/or structured lending experience desired


What You'll Bring:
  • Bachelor's and or Master's degree in Finance, Real Estate, Accounting, or a related field preferred
  • 7 to 10 years of experience as a commercial mortgage underwriter or originator
  • Experience preferably with a major financial institution or mortgage brokerage company
  • Proven track record in commercial mortgage loan originations
  • Strong work ethic
  • Ability to work well in a team setting
  • Industry recognized designations such as CCIM or CFA, or progress toward one, is a plus
  • Travel in this role is required

#LI-AM1

Pay Transparency

Salary Range: $150,000-$200,000

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 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: 94255

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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