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Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with nearly $600.8 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with extensive experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.
MIM was named a “2023 Best Place to Work in Money Management” by Pensions & Investments. Visit us at www.metlife.com/investments to learn more about MIM.
The Opportunity
An outstanding opportunity exists to join MetLife’s Structured Products team. As the Director, Commercial Mortgage-Backed Securities (CMBS), you will be responsible for various aspects of credit analysis and managing the CMBS portfolio. Responsibilities, outlined below, are well integrated within a strong team environment. Ideally you will have a deep understanding of various types of CMBS deals (Conduit, SASB, CRE CLO, Agency) and will be proficient in various aspects of managing a large CMBS portfolio and formulating buy/sell investment recommendations for new issue and secondary offerings.
How You’ll Help Us Build a Confident Future (Key Responsibilities)
- Perform ongoing surveillance analysis on CMBS portfolio and make investment recommendations.
- Formulate buy and/or sell recommendations in both new issue and secondary markets by conducting credit, structural, and legal analysis.
- Lead effort to enhance existing technologies, utilized for surveillance and investment analysis, such as develop models to forecast credit performance.
- Analyze and manage large data sets utilized for ongoing risk and investment analysis.
- Develop and maintain relationships and interact independently with various constituents (sell side analysts, rating agencies, bankers, etc.) to stay ahead of underwriting and structural trends and other market developments.
- Collaborate with trading, portfolio management, and other credit analysts in all aspects of managing the CMBS portfolio, such as risk management reports and client request and presentations.
- Conduct top-down and bottom-up analyses including macroeconomic drivers, commercial real estate sector themes, detailed property and loan level analysis as well as deal-level analysis.
- Actively identify investment and derisking opportunities
What You Need to Succeed (Required Qualifications)
- 7-10 years of direct industry experience in CMBS investment analysis and commercial real estate loan underwriting
- Strong quantitative and analytical skills with ability to analyze and synthesize large data sets.
- Self-starter, with ability to constantly show initiative and work independently as well as in a collaborative team environment.
- Critical for candidate to be detail oriented and work under tight deadlines.
- Strong ability to multitask, self-manage deadlines, and shift priorities.
- Advanced proficiency in tools such Microsoft Excel, Word and PowerPoint.
- Excellent verbal, written and presentation skills.
Additional Skills
- MBA (or equivalent) and/or CFA preferred.
- Working knowledge of Trepp, Bloomberg, Blackrock Aladdin
Source: MetLife Real Estate Career Page
