Senior Director - Commercial Mortgage Originations (91973)
Senior Director - Commercial Mortgage Originations (91973)
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$ 175000 - 225000
1 Vacancy
Job Description
Job Requisition ID:91973
Location Designation:Hybrid - 4 days per week
NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals. 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.
Financial strength integrity and humanity -- the values upon which New York Life was founded -- have guided the companys decisions and actions for more than 180 years.
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 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.
POSITION
Senior Director- Commercial Mortgage Originations responsibilities include proactive solicitation of commercial mortgage loan opportunities through developers institutional owners/investors and mortgage brokers. The originator will be involved in all aspects of mortgage origination business development/marketing underwriting due diligence application negotiation and loan closing processes. The originator will also be involved with the monitoring and management of the existing regional mortgage portfolio and existing relationships. Travel is required.
REQUIRED SKILLS
- A strong knowledge of Southeastern U.S. real estate markets and commercial properties including but not limited to industrial retail multi-family office and hotels.
- 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.
- Construction lending and/or structured lending experience a plus
QUALIFICATIONS
To qualify for this position you should preferably have a Bachelors and/or Masters 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 course work toward either of these designations is a plus.
Pay Transparency
Salary Range:$175000-$225000
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 individuals 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 here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Lifes leadership in this space.
Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by the proud that due to our mutuality we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life please visit the Careers page of .
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Job Requisition ID:91973
Required Experience:
Exec
Employment Type
Full-Time
