Analyst - Real Estate Investment

Northwestern Mutual • San Francisco, CA

4d

About The Position

Northwestern Mutual Real Estate Investments, LLC (NMRE) manages the real estate investments of Northwestern Mutual Life Insurance Company, a major U.S. commercial real estate investor. The Analyst will join the 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 investment process from sourcing and underwriting through due diligence, investment approval, and closing, across a range of property types and strategies, including stabilized assets and new development. The role is open to outstanding recent graduates as well as professionals with several years of relevant experience.

The Analyst will work alongside experienced real estate investors on live transactions and gain practical experience in financial modeling, property and market analysis, due diligence, investment decisions, and transaction execution. The breadth of the work offers an opportunity to develop technical skills and investment judgment and build a foundation for a career in institutional commercial real estate investing.

Northwestern Mutual is an equal opportunity employer committed to an environment where employees from all backgrounds can contribute ideas, take on challenges and leadership, and pursue business and personal objectives. Employer immigration sponsorship is not available for this role.

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