Summer Intern - Investment Real Estate
Position Overview
Role of Investment Real Estate
The real estate team is responsible for originating, monitoring, and servicing RGA’s commercial real estate portfolio which includes approximately 475 commercial mortgage loans and 30 commercial real estate equity joint ventures. The asset management and surveillance team work within the real estate team to provide loan ratings, high-level servicing, and support of the loan underwriting process and other team needs.
Internship Overview
Portfolio surveillance, asset management activities, new loan underwriting, loan servicing. The intern will be exposed to the fundamental aspects of commercial real estate lending and portfolio management. By the end of the assignment the intern will understand commercial real estate value from a qualitative and quantitative perspective and will be able to interpret and analyze commercial property markets, operating statements, and rent rolls. The intern will possess a foundation in commercial mortgage loan underwriting and portfolio management with respect to the various property types basics which comprise the key elements of commercial real estate finance.
Responsibilities
The intern will work in the surveillance/asset management group and will assist the real estate analysts in activities relating to portfolio surveillance with an emphasis on the loan rating process. Specific activities include collecting and analyzing data and creating spreadsheet analysis of property level income, expenses, and rent rolls. The intern will participate in regular watch list meetings and assist in gathering information on potential loan defaults. The intern will also be exposed to new loan underwriting and will assist the underwriters in creating loan packages to be submitted to the real estate investment committee for approval.
Requirements
- Must be enrolled as a full-time college student at the Junior, Senior or Graduate level pursuing a degree in Business, Finance, Real Estate or related degree program at an accredited university
- Strong verbal and written communication skills
- Strong analytical and problem solving skills
- Advanced proficiency in MS Excel and MS Word
- Technology savvy, programming and process improvement/automation skills
- Creative thinker and self-motivated
Company Overview
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $88.9 billion as of June 30, 2021. Founded in 1973, RGA today is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.
RGA Investments is a global asset manager based in St. Louis, with operations in London, Hong Kong and Singapore; in addition, ReCap Commercial operates in North America. We drive value creation by managing over $76.1 billion of assets globally for our in force businesses and supporting future growth through customized portfolio solutions. RGA Investments includes six core areas: Global Portfolio Management, Investment Solutions, Credit Research and Trading, Commercial Real Estate, Private Debt and Equity, and Investment Operations.