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Senior Investment Analyst - Commercial Mortgage Loan Closer

Nationwide

Nationwide

IT
Columbus, OH, USA
Posted on Oct 16, 2024
As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. 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.

This Columbus based hybrid position is an Investments F Band role.

This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

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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 Senior Investment Analyst role analyzes, documents, and prepares necessary information for the closing of complex commercial real estate transactions. The Senior Investment Analyst works closely with the CML origination team, correspondents, internal and external counsel, and cash administration. Responsibilities will also include data input, verification, and integrity in various databases.

Job Description

Key Responsibilities:

  • Responsible for facilitating the closing process of new loans and modification loans for the commercial mortgage loan portfolio.

  • Coordinates functions between the borrower, correspondent, counsel, and REI staff to get the loan funded or modified by the targeted date.

  • Determine proper documentation and review loan documents for accuracy prior to closing to assure that they agree with the application.

  • Review leases, estoppels, insurance, third party reports, etc. to make sure that the terms/provisions of the documents are acceptable to Nationwide.

  • Participate on calls, in meetings and through emails in connection with the closing of each assigned loan.

  • Make appropriate updates to databases in a timely manner for the new loan or reflect the changes of the modified loan.

  • Finalize all documentation within a reasonable period of time after closing.

  • Evaluate the work of the correspondent’s closing staff and provides feedback.

  • Assist in the testing process for the annual upgrade of the mortgage loan system.

May perform other duties as assigned

Reporting Relationships: Asset Class Senior Investment Professional (Head of Closing and Due Diligence)

Typical Skills and Experiences:

Education: Bachelor’s degree; paralegal experience preferred

Experience: 3 to 7 years of related investment experience.

Knowledge, Abilities and Skills:

  • Knowledge of the various loan documents related to commercial real estate and the purpose of those documents.

  • Understand basic mathematical calculations, including NOI, DSC, & LTV.

  • High degree of accuracy and attention to detail.

  • Ability to think creatively by doing more than just processing a request.

  • Ability to perform due diligence and research in connection with issues that arise.

  • Good written and communication skills and ability to negotiate issues.

  • Self-starter, proactive, and an ability to learn on the fly.

  • Possess computer skills including Microsoft Word, Excel, Power Point, and other software as needed

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel may be required.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.