Real Estate Associate
About The Position
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 talented Real Estate Associates to join our Real Estate Commercial Mortgage team in metro Chicago (Oak Park, IL). As a Real Estate Associate, you’ll play a key role in Pacific Life’s continued growth and long-term success by providing analytical, underwriting, due diligence, and closing support for the loan production efforts in the Central Regional Office that covers the major Central US metros within Illinois, Texas, Florida, etc. Pacific Life’s Commercial Mortgage team focuses on a variety of property types and strategies across the United States including construction, permanent, bridge and fixed and floating rate loans. As of December 31, 2025, Pacific Life’s mortgage loan investments totaled approximately $30 billion.
Requirements
- Bachelor's Degree (BS/BA)
- 3-5 years related experience in evaluating and underwriting investment merits and risk associated with commercial real estate.
- Strong in software applications for real estate analysis including Microsoft Word, Excel, PowerPoint and Argus, with ability to quickly learn new program applications.
- Excellent analytical, research and creative problem-solving abilities.
- Strong communications and presentation skills, able to interface with top level executives.
- Excellent organizational and time management skills to prioritize workflow and deadlines, self-starter with the ability to work independently with a team player attitude.
Nice To Haves
- A Master’s Degree in Real Estate or MBA – strongly preferred.
- Experience with multi-family, industrial, retail and office property types is desirable.
- Prior commercial real estate debt underwriting experience (beyond internships) and knowledge of capital markets.
- Proficiency with Argus strongly preferred.
Responsibilities
- Perform in a supporting role to solicit, structure and underwrite commercial and multifamily mortgage loans that meet Pacific Life’s investment objectives.
- Research and evaluate locational, market, and property specific data.
- Conduct rent roll, income, and expense analysis.
- Create/modify complex cash flow models in Argus and Excel for commercial and multifamily properties.
- Organize and support analysis, draw objective conclusions.
- Present verbal and written recommendations to Pacific Life’s Real Estate Investment Committee.
- Review and analyze transaction documents and third-party reports as part of the due diligence and closing process.
- Interface with institutional-quality borrowers, brokers, and third-party service providers.
- Work cohesively with Pacific Life Investments in-house mortgage loan origination teams, closing, construction services, asset management, capital markets, and loan servicing teams.
- Some travel required to evaluate investment opportunities and market Pacific Life loan programs.
Benefits
- Medical
- Dental
- Vision
- Wellbeing Reimbursement Account
- Paid Time Off
- Holiday Schedules
- Financial Planning Time Off
- Paid Parental Leave
- Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
