Real Estate Closing Associate
: Job Details :

Overview

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 Youll Do

Loan Closing Management

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, borrowers 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).

Disbursement of Loan Proceeds

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 Departments 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 Youll Bring

• Bachelors 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.

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Pay Transparency

Salary Range: 85,000 - 95,000

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 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.

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 communitiesinviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, youll 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 whats next, and your growth powers it.

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.

Note: This description does not include external links in this refined version. For more information about benefits, reference the 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.

Recognized as 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 Foundation. We operate in the best interests of our policy owners due to our mutuality. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients and employees needs.

Job Requisition ID: 92366

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