Senior Associate, Mortgage Loan

New York Life; New York (NY); Hybrid; USD 110,000 - 125,000; Full time

Benefits offered by this job

Discretionary bonus

Annual incentive program

Salary range disclosed

Job summary

New York Life Investment Management is seeking a Real Estate Lending professional to manage a portfolio of commercial mortgage loans. You will analyze financials, respond to borrower requests, and process construction draws while coordinating with origination and legal teams.

The role requires 3–5 years in CRE lending, with strong modeling and credit analysis skills, and will involve a hybrid work arrangement with potential for incentives based on performance.

Qualifications

• Bachelor's degree required with investment concentration.
• 3-5 years of hands-on CRE lending experience.
• Experience interpreting complex loan documents and overseeing budgets.

Responsibilities

• Proactively manage a portfolio of commercial mortgage loans by analyzing financial statements and rent rolls.
• Respond to borrower requests including lease approvals, reserve disbursements, ownership transfers, or collateral substitutions.
• Process construction and bridge loan draws in line with budgets and terms.
• Identify and track watchlist loans and prepare updates for portfolio reviews.
• Partner with origination, legal, and leadership on loan modifications and document changes.
• Maintain borrower relationships and support process improvements.
• Keep loan data accurate across systems for timely reporting.

Skills

CRE lending

Financial modeling

Credit analysis

Communication skills

Education

Bachelor's degree

Tools

Argus

Excel

Job description

Location Designation: Hybrid - 4 days per week

About New York Life Investment Management

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.

What You'll Do:

Key responsibilities include:

• 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,
• Process construction and bridge loan draws in accordance with project budgets and contractual terms,
• 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,
• 3-5 years of hands-on experience in commercial real estate lending, with a deep understanding of complex debt structures including revolvers, senior loans, mezzanine financing, and securitized products,
• Extensive expertise in interpreting complex loan documents and overseeing construction loan budgets; familiarity with Built is a strong advantage,
• 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.

Pay Transparency

Salary Range: $110,000-$125,000

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.

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.