Director-Structured Debt Originator
Posting Date: Jul 5, 2024
Company: New York Life Insurance Co
As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.
POSITION
Director - Structured Debt Originations responsibilities include proactive solicitation of commercial mortgage loan opportunities through developers, mortgage brokers, and institutional owners/investors. The originator will be involved in all aspects of the mortgage origination, business development, underwriting, due diligence, document negotiation, and loan closing processes. Travel is required.
REQUIRED SKILLS
- A strong knowledge of major real estate markets and commercial properties including office buildings, shopping centers, apartments, and industrial warehouse buildings.
- 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 pro-actively 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.
QUALIFICATIONS
To qualify for this position, you should preferably have an MBA degree in Finance, Real Estate, Accounting, or related disciplines with 10 to 15 years of experience as a commercial mortgage underwriter/originator preferably with a major financial institution or mortgage brokerage company. A qualified candidate will have a proven track record in commercial mortgage loan originations, a strong work ethic, and the ability to work well in a team setting. An industry-recognized designation such as CCIM or CFA, or coursework toward either of these designations is a plus.
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