Real Estate Portfolio Analyst
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 a talented Real Estate Portfolio Analyst to join our Investment division in Newport Beach, CA. As a Real Estate Portfolio Analyst, you’ll move Pacific Life, and your career, forward by monitoring the credit quality and performance of commercial real estate loans for our third-party mortgage loan portfolio. You will fill an existing role that sits on a team of approximately 12 people in the Investment division. Your colleagues will include fellow real estate commercial loan servicing and portfolio management professionals. How you'll help move us forward: Monitor, analyze, and report on property performance for Private Client/Third Party multifamily mortgage loan portfolios Assist with new loan conversions and post-closing items Collect and track financial statements for input into loan servicing system. 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. Monitor monthly loan payment status and follow up with borrowers on past due payments/balances. Run weekly/monthly portfolio reports. Prepare quarterly CREFC portfolio reports and watchlists for securitized portfolios. Order, receive, and review property inspections and Physical Needs Assessments. Follow up with borrowers on deferred maintenance items and monitor until resolution. Review of Annual Audits. Flag items such as property management changes or going concern items and escalate to portfolio manager. Provide additional support within the Portfolio Management area to meet objectives and deadlines for all portfolios.
Requirements
- 4-year college degree
- 0-2 years of experience in commercial real estate or commercial loan servicing
- Experience in preparing and analyzing property operating statements for multifamily properties
- Strong knowledge of Excel and Word, and the ability to quickly learn new program applications
- Excellent organizational skills with the ability to manage multiple projects at once and to meet deadlines under pressure.
- Strong customer service, verbal and written communication skills
- Strong logical and analytical skills (ability to research, identify issues and problem solve)
- Self-starter who can work independently and demonstrate initiative
Nice To Haves
- Experience in affordable housing
Responsibilities
- Monitor, analyze, and report on property performance for Private Client/Third Party multifamily mortgage loan portfolios
- Assist with new loan conversions and post-closing items
- Collect and track financial statements for input into loan servicing system.
- 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.
- Monitor monthly loan payment status and follow up with borrowers on past due payments/balances.
- Run weekly/monthly portfolio reports.
- Prepare quarterly CREFC portfolio reports and watchlists for securitized portfolios.
- Order, receive, and review property inspections and Physical Needs Assessments.
- Follow up with borrowers on deferred maintenance items and monitor until resolution.
- Review of Annual Audits.
- Flag items such as property management changes or going concern items and escalate to portfolio manager.
- Provide additional support within the Portfolio Management area to meet objectives and deadlines for all portfolios.
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
