Summer 2024 Intern - Investments, Real Estate
Position Overview
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.
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 720 commercial mortgage loans and 57 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.
Responsibilities
The intern will work in the surveillance/asset management/underwriting 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. The intern will also work on cross-functional projects as time permits
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 (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world’s largest and most respected reinsurers and is listed among Fortune’s World’s Most Admired Companies. The global organization is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.5 trillion of life reinsurance in force and assets of $89.0 billion as of June 30, 2023.
RGA Investments
Investments is comprised of over 190 associates located in offices in Hong Kong, London, Singapore, Toronto, and eight U.S. cities. Investments’ primary function within RGA is to invest cash flow to maximize investment income and improve profitability of business segments while remaining within the risk and rating constraints of the company. Investments plays an integral role in the growth of the business by developing customized portfolios for various and diverse business types.