Updated: Jul 5
Location(s): Whippany, NJ, US, 7981
Position: Director Private Assets, MetLife Investment Management Job Location: Whippany, NJ MetLife Investment Management: Based in Whippany, New Jersey, MetLife Investment Management (MIM) is a global asset manager with $670 billion of total assets under management as of December 31, 2021. The enterprise has more than 900 dedicated professionals and manages money in a number of asset classes for MetLife’s general account, insurance company subsidiaries, and third parties separate accounts and private funds. MIM provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. MetLife Investment Management was named a “2021 Best Place to Work in Money Management” by Pensions & Investments. Visit us at metlife.com/investments to learn more. Department: Residential Whole Loan Trading - The Residential Whole Loan Trading team seeks to offer investors access to an actively managed residential loan portfolio consisting of residential whole loans and Single Family Rental debt and equity investments. The department’s goals are to generate attractive income relative to traditional fixed income sectors. Our experienced Residential Whole Loan Trading team establishes long lasting relationships that have resulted in healthy deal flow from segments of the residential credit markets that we find most attractive. Proprietary analytics help enhance MetLife Investment Management's trade analysis, diligence, and on-going monitoring in an effort to drive increased returns in our client portfolios. The Role: As the Director Private Assets you will lead a substantial share of the investment sourcing of Single Family Rental (SFR) debt and equity transactions. You will manage transactions from start to finish including pricing, contract negotiation, diligence and closing. In addition, given that you will be involved throughout the process, you will develop lasting relationships with the counterparties which is integral in garnering repeat transactions. Responsibilities also include portfolio reporting. You will also become involved with many of the asset optimization initiatives around capital efficiency and portfolio yield enhancement. Key Responsibilities:
Source – Find new debt and equity opportunities including developing new trading relationships with Single Family Rental operators .
Manage and further develop current relationships.
Further optimize debt and equity investments in the portfolio - Explore more efficient capital paths for the assets, public securitization options and portfolio yield enhancement opportunities.
Reporting – this is an asset class that has thousands of underlying properties; responsibilities include identifying and executing on opportunities to enhance, automate and increase efficiency in portfolio reporting.
Build and maintain relationships with outside and internal legal counsels.
Legal Document Negotiation – lead the legal document negotiations on the assigned transactions, understanding key risks we need to mitigate for our clients participating in the transactions and understanding market standards for these transactions.
Due diligence – review third party diligence reports to determine suitability of specific properties being included in the transactions.
Present to third party clients, actively participate in pitching the asset class to unaffiliated third-party clients.
Reports to: VP Private Assets
Direct reports/team: None
Key Stakeholders: Portfolio Management Unit, Legal, Finance, Technical Accounting Group
Candidate Qualifications: Essential Business Experience and Technical Skills:
Strong knowledge of Single Family Rental and housingmarkets, 5+ years of experience in these markets is preferred.
Ability to build and foster counterparty relationships.
Contract negotiation skills and knowledge of marketplace legal covenants for investors in this asset class.
Ability to determine appropriate pricing levels for transactions with an understanding of relative value to other residential credit investments.
Strong presentation skills.
Ability to process large amounts of data and provide management reporting.
MetLife Success Principles
Experiment with Confidence – Courageously learn and test new ideas without fear of failure
Act with Urgency – Demonstrate speed to action with agility and determination
Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
Create Alignment – Partner with others across the organization with candor and transparency
Take Responsibility – Be accountable and act in pursuit of the right outcomes
Enable Solutions – Anticipate and address obstacles while managing risk
Deliver What Matters – Execute meaningful priorities and follow through on commitments
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 over $670 billion of total assets under management as of December 31, 2021. We are ranked #44 on the Fortune 500 list for 2019. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven 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. We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to email@example.com or call our Employee Relations Department at 1-877-843-3711. 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. For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.