Pacific Life
Real Estate Portfolio Manager
Pacific Life, Newport Beach, California, us, 92659
Job Description:Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future - including your own.We're actively seeking a talented Real Estate Portfolio Manager to join our Real Estate Investments team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.As Real Estate Portfolio Manager you'll play a key role in Pacific Life's growth and long-term success by monitoring the credit quality and performance of commercial real estate loan assets to provide the greatest recovery to investors and superior service to borrowers. The individual will work together with a team to monitor portfolio performance through review of watch list, delinquency, and maturing loan reports, as well as, assign risk rating classifications compiled and managed by the asset management group. Ensure collection of property and financial statements, the input of such information into the system of record, and the monitoring of financial covenants. Maintains relationships with investors and borrowers associated with assigned assets.How you'll help move us forward:Collect and key financial statements for Pacific Life portfolio loans (including highly complex loans) into the loan servicing system and analyze against prior periods, underwriting projections, and budgets for financial performance variances, discrepancies, and trends.
Determine and document causes for variances in property performance via discussions with borrowers and co-lenders (for participated loans).
Monitor property rent rolls for early lease terminations and expiration of significant existing tenants.
Read loan documents and mortgage loan investment summaries to become familiar with and understand highly complex loans, in order to properly code, key, and analyze financial statements, including foreign currency loans, participations, mezzanine loans, B-pieces, construction loans, term loans.
Review loan documents and mortgage loan investment summaries to determine reporting requirements, loan covenants, and triggers, set up reporting requirements and ticklers in loan servicing system, create excel templates to perform the tests, and perform the tests monthly, quarterly or annual basis.
Perform cash reconciliations for loans requiring lockboxes or cash traps via analysis of bank account statements vs property income statements.
The experience you bring:4-year college degree
(Preferred) 1-2 years' experience in commercial real estate or commercial loan servicing.
(Preferred) Experience reviewing and interpreting property, borrower, and guarantor financial statements, and commercial mortgage loan documents.
Strong knowledge of Excel and Word, and the ability to quickly learn new program applications. Ability to write complex Excel formulas.
Excellent organizational skills, ability to work in a fast-paced environment with established deadlines.
Strong customer service, verbal, and written communication skills.
Strong logical and analytical skills (ability to research, identify issues, and problem solve).
Ability to work independently and demonstrate initiative.
You can be who you are.People come first here. We're committed to a diverse, equitable and inclusive workforce.Base Pay Range:The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.$38.82 - $47.44Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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Determine and document causes for variances in property performance via discussions with borrowers and co-lenders (for participated loans).
Monitor property rent rolls for early lease terminations and expiration of significant existing tenants.
Read loan documents and mortgage loan investment summaries to become familiar with and understand highly complex loans, in order to properly code, key, and analyze financial statements, including foreign currency loans, participations, mezzanine loans, B-pieces, construction loans, term loans.
Review loan documents and mortgage loan investment summaries to determine reporting requirements, loan covenants, and triggers, set up reporting requirements and ticklers in loan servicing system, create excel templates to perform the tests, and perform the tests monthly, quarterly or annual basis.
Perform cash reconciliations for loans requiring lockboxes or cash traps via analysis of bank account statements vs property income statements.
The experience you bring:4-year college degree
(Preferred) 1-2 years' experience in commercial real estate or commercial loan servicing.
(Preferred) Experience reviewing and interpreting property, borrower, and guarantor financial statements, and commercial mortgage loan documents.
Strong knowledge of Excel and Word, and the ability to quickly learn new program applications. Ability to write complex Excel formulas.
Excellent organizational skills, ability to work in a fast-paced environment with established deadlines.
Strong customer service, verbal, and written communication skills.
Strong logical and analytical skills (ability to research, identify issues, and problem solve).
Ability to work independently and demonstrate initiative.
You can be who you are.People come first here. We're committed to a diverse, equitable and inclusive workforce.Base Pay Range:The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.$38.82 - $47.44Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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