Analyst - Real Estate Investment

Northwestern Mutual • San Francisco, CA

1d

About The Position

The Analyst will join Northwestern Mutual Real Estate Investments’ San Francisco investment team and help evaluate and execute commercial real estate debt and equity investments throughout Northern California and the Pacific Northwest. The position provides exposure to the full investment process, from sourcing and underwriting through due diligence, investment approval, and closing. Investments span property types and strategies, including stabilized assets and new development. The role is intended for candidates ranging from recent college graduates to professionals with several years of relevant experience.

The Analyst will work alongside experienced real estate investors on live transactions and develop experience in financial modeling, property and market analysis, due diligence, investment decision-making, and transaction execution. The breadth of work is intended to build technical skills and investment judgment and provide a foundation for a career in institutional commercial real estate investing. Periodic travel within the region is required for property inspections, market visits, and meetings with investment partners.

Requirements

• Bachelor's degree with a strong academic record.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency with Microsoft Excel and an interest in financial modeling and investment analysis.
• Strong written and verbal communication skills.
• Intellectual curiosity, initiative, attention to detail, and a genuine interest in commercial real estate investing.
• Ability to take ownership of work, manage multiple priorities, and contribute effectively in a collaborative team environment.

Nice To Haves

• Previous experience or internships in commercial real estate, private equity, investment banking, lending, asset management, valuation, development, brokerage, or another relevant field.
• Coursework or experience in real estate, finance, accounting, economics, or related quantitative disciplines.
• Familiarity with commercial real estate valuation, accounting, capital markets, and investment analysis.
• Experience with Argus Enterprise or other real estate valuation or DCF modeling software.

Responsibilities

• Build and maintain financial models for prospective debt and equity investments, including property cash flows, investment returns, sensitivities, and capital structures.
• Underwrite investment opportunities by analyzing property fundamentals, market conditions, sponsorship, business plans, financing structures, and investment risks.
• Participate in evaluating and executing investments from initial screening through underwriting, due diligence, investment approval, and closing.
• Prepare investment memoranda and presentations to support investment recommendations and approval decisions.
• Assist with property-level due diligence, including reviewing operating information, leases, market data, third-party reports, financing materials, and other transaction information.
• Collaborate with investment professionals, asset managers, legal counsel, borrowers, operating partners, brokers, consultants, and other transaction counterparties.
• Support loan ratings, equity valuations and appraisals, portfolio analysis, and special projects.
• Develop knowledge of commercial real estate markets throughout Northern California and the Pacific Northwest.
• Travel periodically throughout the region for property inspections, market visits, and meetings with investment partners.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level