Investment Professional, Real Estate Investments, CML Asset Management
Nationwide
- Location
- Remote
- Work model
- Remote
- Level
- Senior
About this role
As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. The hired associate must reside within 35 miles of the following location: Columbus: One Nationwide Plaza, Columbus OH, 43215 Work schedule: 2 days in office, 3 days remote. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. #LI-SS1 Job Description Summary Nationwide’s vision is to be the most trusted, most caring and most customer-focused protection company. We exist to protect people, businesses and futures with extraordinary care. The Nationwide Investments team manages approximately $130 billion and strives to combine client focus, investment discipline and teamwork to deliver superior results. The Investment Professional role is a key member of the asset management team responsible for managing and monitoring a multi-billion-dollar loan portfolio secured by real estate properties located across the United States. Having a commercial real estate background, the role will interpret loan documents, analyze operating statements, and prioritize assignments to support both internal and external stakeholders/customers.
Job Description
Key Responsibilities: Has an advanced understanding of asset class, may be assigned to small-mid, less complex accounts. Working independently, may require guidance on more complex judgements. Role will have a mix of individual and tactically focused responsibilities. Perform analysis, evaluation and recommends actions to be taken in response to requests for consent/approval or loan modifications from borrowers in connection with commercial mortgage loans held in the Nationwide general account or managed on behalf of third-party participants. Review and interpretation of loan terms and ancillary provisions set forth in loan agreements for such commercial mortgage loans. Financial statement analysis for borrower entities and collateral property that secure the commercial mortgage loans, as well as, review of annual property inspections. Develop, foster and maintain positive relationships with loan correspondents and other external customers. Communicate pertinent information regarding the status of borrower requests, expected completion timelines, and required approvals (process and procedure transparency). Collaborate and partner with the Real Estate Portfolio Managers and Legal teams on related functions for the commercial mortgage loan portfolio with focus on maturing loans, rate resets, risk mitigation, default resolution, and other transactional business such as loan assumptions, modifications, or other requests. Collaborate and partner with the CML Due Diligence, Closing and Legal teams to draft post-closing checklists and language for asset management responsibilities, including gaining working knowledge of negotiated changes to standard loan agreement provisions. Responsible for inputs (data integrity) of loan information into Nationwide’s loan management system (LMS) and other downstream database or website-related systems. Reporting Relationships: Real Estate Asset Management Senior Investment Professional Typical Skills and Experiences:
Education
Bachelor’s degree in real estate, finance, business, or related field Experience: 5 to 8 years of related experience. Knowledge, Abilities and Skills: Excellent analytical and problem-solving skills Effective communication, collaboration, and negotiation skills Commercial real estate background with an emphasis in the interpretation of loan documents, analysis of operating statements Ability to prioritize assignments in an effective