Associate, Real Estate Closing

New York Life Investment Management; New York (NY); Hybrid; USD 75,000 - 107,000; Full time

Job summary

New York Life Investment Management is seeking an associate for the Commercial Real Estate Closing team in New York. This role is hybrid, requiring one day per quarter in the New York office, and involves coordinating loan applications, closings, and disbursements with internal and external parties.

Ideal candidates will have a finance/real estate background, CRE financing experience, and strong communication and organizational skills, with proficiency in Microsoft Office.

Qualifications

• Bachelor's degree in Finance, Real Estate, or related field.
• Experience in commercial real estate financing and loan closing.
• Strong organizational, written and verbal communication skills.
• Ability to prioritize and manage multiple assignments in a fast-paced environment.

Responsibilities

• Coordinate loan applications and commitments for CRE loans.
• Review and negotiate loan documents with counsel.
• Manage disbursement activities and fee reconciliation.
• Coordinate closing documents and lien searches.
• Oversee transaction management system and data integrity.

Skills

Organizational skills

Communication skills

Self-motivated

Multitasking

Education

Bachelor's degree in Finance, Real Estate, or related field

Tools

Microsoft Office

Job description

Location Designation: Hybrid - 1 day per quarter

About New York Life Investments

With over $800 billion in assets under management, NYLIM is a Pensions & Investments Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.

Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.

More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

Business Overview

New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account.

Leveraging more than a century of real estate investment experience,

New York Life Real Estate Investors ("REI") believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.

New York Life Real Estate Investors is seeking an associate to join its Commercial Real Estate Closing team. This role is remote and required to be in the New York office 1 day per quarter. The position works closely with loan underwriters, borrowers, brokers, legal counsels, and third parties to facilitate the efficient closing of each transaction while ensuring all underwriting and closing requirements are met.

What You'll Do

Loan Application & Commitment Coordination:

• Collaborate with loan originators to facilitate the preparation, negotiation, and execution of real estate loan application commitments and term sheets.
• Transaction types include mortgage, mezzanine, co-lending, portfolio, construction, hotel, bridge, and complex structured loans.
• Reviewing and negotiating loan documents in coordination with internal legal counsel, external local counsel, borrower’s counsel, and other relevant stakeholders.
• Ensuring timely receipt and review of all required due diligence materials (e.g., property reports, title and survey, tenant lease documentation, insurance certificates)

Manage Disbursement Activities By

• Preparing fee reconciliation, reviewing and approving settlement statements.
• Directing the allocation of funds due to the Company (e.g., escrowed deposits, holdbacks, fees) and coordinating payment of related expenses (e.g., legal, third-party costs).

Property Acquisition and Disposition Closing Management

• Prepare entity formation documents and coordinate lien searches
• Order title commitment and coordinate survey requirements
• Coordinate execution of closing documents
• Maintain tickler to ensure closing deliverables are timely
• Coordinate with accounting team and asset management team to reconcile fees and funding sources

Transaction Management System Oversight

• Utilize the Department’s real estate transaction management platform to:
• Maintain accurate and complete data for each transaction.
• Ensure all required internal approvals (underwriting, due diligence, investment committee) are secured pre-closing.
• Facilitate a smooth handoff of closed loans to the loan management and asset management division.

Project & Initiative Involvement

• Contribute to departmental and divisional special projects as needed.

What You'll Bring

• Bachelor's degree in Finance, Real Estate, or a related field.
• Demonstrated experience in commercial real estate financing, with a solid understanding of the loan closing process, acquisitions, dispositions, relevant legal considerations, and the business analysis supporting each transaction.
• Strong organizational, written, and verbal communication skills.
• Highly self-motivated with the ability to prioritize and manage multiple assignments effectively in a fast-paced environment.
• Proficient in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint).
• Commercial Real Estate Paralegal experience strongly preferred.

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.

Company Overview

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.

Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners.

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.

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.