Real estate officer job description

The Commercial Real Estate Workout Officer I delivers proactive management of a substandard portfolio of 10 to 20 Commercial Real Estate loans to minimize credit losses, ensure return matches risk and, where possible, return customers to a satisfactory rating. Our group is focused on a rescue culture to retain as many clients as possible. If you enjoy solving problems and coming up with innovative solutions, this is a great opportunity for you!
The portfolio will be mainly bi-lateral but also at times may include:

+ Syndicated loans with individual Citizens Bank exposure averaging $5MM+.

+ W orking alongside a team leader to devise strategies, negotiate and structure transactions, obtain credit approval and document accordingly. T

+ Financial analysis, property valuation assessment, and maintaining all required internal and external reporting.

Qualifications

Qualifications

+ 3+ yrs of Commercial Banking Experience, preferably in a Commercial Real Estate environment.

+ 3+ yrs experience in loan documentation and relevant Uniform Code and Bankruptcy considerations.

+ Adaptability to a high paced and challenging work environment.

Desired qualifications

+ Highly developed at persuasively presenting the Bank's thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits.

+ Excellent math and analytical skills.

+ Excellent communication skills both oral and written.

+ Excellent time management skills.

Education:

+ Bachelor's degree required

Hours and Work Schedule: 3 days in the office, 2 remote

Hours per Week: 40

Work Schedule: Monday-Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer/Disabled/Veteran

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

The Real Estate Division at the BPDA is responsible for managing a portfolio of over 11 million square feet of land across Boston neighborhoods including signature properties such as the Charlestown Navy Yard, Long Wharf, the Raymond L. Flynn Marine Park as well as significant neighborhood based holdings across Boston. As a collaborative member of the Real Estate team, the Real Estate Development Officer will focus on underutilized properties and is responsible for implementing strategies to shepherd them successfully into development as housing, economic development, or permanent open space.

GENERAL DUTIES AND RESPONSIBILITIES:

Disposition Research and Planning

• Maintains systems to prioritize and track the disposition status of developable BPDA property
• Creates detailed financial models to evaluate potential development scenarios on BPDA property
• Evaluates potential revenue from future development and produces analytical tools to evaluate the long term potential budget impacts
• Collaborates with the Planning team and community stakeholders to evaluate potential development options against existing zoning, neighborhood context, policy objectives and economic development priorities

Community Engagement

• Participates and leads public discussion and community meetings to engage the public and achieve consensus wherever possible on site-specific development priorities
• Operates transparently and collaboratively with community members, real estate developers, public officials and other stakeholders
• Manages relationships with abutters to BPDA properties during the development process.
• Prioritizes inclusivity and equity in both the public process around development and in the development process itself

Technical Real Estate Property Sales Execution

• Authors Requests For Proposals (RFPs) and other technical documents to solicit development interest and guide the award of development rights through the BPDA board
• Applies Massachusetts General Laws Chapter 30B to the property disposition process
• Orders and interprets appraisals of BPDA property as needed
• Markets opportunities to purchase/lease BPDA property
• Closely tracks the real estate market in Boston and applies this knowledge to advise strategic decision making and appropriately value BPDA property
• Works closely with the BPDA’s Commercial Leasing team to establish appropriate land lease payments for properties going into development

Development Underwriting

• Creates models and pro-formas to evaluate the financial feasibility on various potential development scenarios on BPDA property
• Analyzes the financial submissions of developers competing to develop BPDA property and provides recommendations on the relative strengths, weaknesses and overall feasibility of proposed projects

Project Management

• Provides detailed oriented project management of all development on BPDA owned land at all stages of the development including project inception, community process, evaluation of proposals, tentative designation at the BPDA board, permitting and Article 80, and construction.
• Represents the BPDA in negotiations with developers until the successful completion of the project
• Establishes systems to track the project management tasks and responsibilities of staff members involved in real estate disposition

Fiscal Stewardship

• Understands the full value of each BPDA property and ensures that the benefits of development accrue to the Agency and to the people of Boston and do not unreasonable enrich private interests
• Ensures that today’s development deals on BPDA property protect the long term fiscal health of the Agency

In addition to the tasks above, may perform other duties as assigned to advance development on BPDA owned land.

QUALIFICATIONS:

• Work requires a Bachelor's degree in Business Administration, Real Estate, Public Administration or related field or equivalent, plus 2+ years directly relevant real estate development experience. Masters degree is preferred and may be used to substitute for required experience.
• Understanding of Massachusetts General Law Chapter 30B governing the disposition of public real estate
• Exceptional financial modeling skills and the demonstrated ability to build accurate conceptual real estate development pro-formas
• Excellent oral, written, and interpersonal communication skills
• Self-motivated team player that is curious and able lead cross functional groups through complex work
• Detailed oriented project management skills
• Strong critical thinking to continuously review internal policies and procedures in order to improve upon and standardize processes
• Values-driven leader that priorities diversity, inclusivity, and public good
• Must exercise discretion and sound judgment and be capable of handling confidential and highly sensitive information with professionalism and unquestionable integrity

WORK ENVIRONMENT:

Mostly office environment work with limited site visit responsibilities

PHYSICAL REQUIREMENTS:

Little or no exertion; may spend extended periods at desk. May need to travel between the three BPDA sites

**BOSTON RESIDENCY IS A CONDITION OF EMPLOYMENT**

Role Value Proposition:

MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $669 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.

MetLife's Agricultural Investments group is seeking an exceptional and experienced Agricultural Real Estate Loan Officer. This individual will help to originate loans and service an existing loan portfolio primarily in Merced, Stanislaus, and San Joaquin Counties of California.This Agricultural Real Estate Loan Officer position will be part of a team responsible for the origination and servicing of agricultural real estate loans in California.

Key Responsibilities:

• Loan origination.
• Credit analysis & underwriting.
• Real estate appraisal & property inspections.
• Loan servicing/reporting/portfolio management.
• Relationship management/marketing.

Essential Business Experience and Technical Skills

Required:

• 10+ years of experience with credit analysis and credit decision.
• 10+ years relevant experience with a proven track record of underwriting successful agricultural debt deals.
• Strong credit and analytical skills, superior knowledge of lending principles, credit procedures, collateral, and credit.
• Proficiency in Word and Excel-based applications.
• Strong written and oral communication skills.
• Strong relationship management skill set.
• Strong financial, accounting and credit analysis skills.

Preferred:

• Bachelor's degree in Agriculture, Business Administration, Finance, Economics, or Banking as well as any other related field of expertise; MBA or master's degree.
• Extensive agricultural lending experience, ideally including experience in core regional crops (e.g., nut crops, row & vegetable crops, dairy, livestock, wine & table grapes, citrus, and various other specialty crops).
• Farm real estate appraisal knowledge.

Travel

Negligible

Business Category

Investments

Number of Openings

1

#MIM

At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to making a difference in the lives of our customers.”

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the “World's Most Admired Companies.”

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

The wage range for applicants for this position is $145,000 - $165,000 . This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.