MIM - Residential Credit - Associate

Description and Requirements
The Opportunity
Based in Whippany, New Jersey, MetLife Investment Management ("MIM") is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a "Best Places to Work in Money Management" by Pensions & Investments for four consecutive years and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. Visit us at www.metlife.com/investments to learn more.
MetLife Investment Management's Residential Whole Loans strategy is designed for institutional investors, including insurers, seeking consistent income and capital-efficient exposure to private residential mortgage credit. With a platform built on data-driven credit analysis, deep market relationships, and flexible structuring, MIM offers a differentiated approach to all loan types.
Key Responsibilities

• Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of residential assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
• Evaluate investment opportunities across Non-QM / DSCR, 2nd Liens / HELOCs, MSR, Bridge / RTL, Manufactured Housing, and other residential asset classes
• Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments
• Assist in preparing investment committee memos, diligence memos, and other investment analyses
• Accountability - ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
• Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
• Monitor positions on an ongoing basis and perform quarterly valuations of investments
• Interface and negotiate with external counterparties

Required Qualifications

• 5-8 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
• Experience underwriting, structuring, and reviewing residential whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
• Superior valuation, modeling, and Excel skills evaluating financial assets
• Strong accounting, finance, modeling, and problem-solving skills
• Keen interest in the financial markets and good commercial instincts
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
• Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
• Comfortable working in a high growth, iterative environment
• Bachelor's degree required.

Preferred Qualifications

• Intex, VBA, Python, and Snowflake/SQL proficiency is preferred but not mandatory
• MBA preferred

#MIM
Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.
The expected salary range for this position is $125,000 - $150.000. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, paid time off, paid holidays, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
$125,000 - $150.000
#BI-Hybrid