Sr Real Estate Portfolio Manager
About The Position
Pacific Life is seeking a Senior Real Estate Portfolio Manager for its Real Estate Investments team in Newport Beach, California. The role monitors the credit quality and performance of commercial real estate loan assets to support investor recovery and provide service to borrowers. The manager reviews property financial statements, financial covenants, and other reports to assess loan performance and identify portfolio trends. The position also manages servicing transactions for an assigned loan portfolio and communicates frequently with borrowers to maintain investor relationships. The role involves reviewing loan documents and investment summaries, identifying loan requirements, setting up reporting and covenant monitoring, and leading loan servicing activities. It also includes collecting and analyzing financial statements, investigating performance variances, monitoring tenant activity, and recommending risk classifications for loans and submarkets.
Requirements
- 2–4 years of experience in commercial real estate or commercial loan servicing.
- Experience reviewing and interpreting property, borrower, and guarantor financial statements and commercial mortgage loan documents.
- Strong knowledge of Excel and Word and ability to learn new program applications quickly.
- Excellent organizational skills and ability to manage multiple projects and meet deadlines under pressure.
- Strong customer service, verbal communication, and written communication skills.
- Strong logical and analytical skills, including the ability to independently research, identify issues, and solve problems.
- Ability to analyze possible solutions using existing methods and prior experiences.
- Ability to work independently and demonstrate initiative.
Nice To Haves
- Four-year college degree preferred.
Responsibilities
- Review loan documents and mortgage loan investment summaries to understand complex loans and identify key requirements.
- Determine reporting requirements, loan covenants, and triggers; configure ticklers and test templates in the loan servicing system and perform tests at required intervals.
- Lead servicing for the assigned portfolio, including monthly payment collection, payoff and prepayment statement preparation, lease and property management agreement reviews, reserve requests, and analysis of complex loan transactions.
- Collect and analyze financial statements for portfolio loans.
- Determine and document causes of property performance variances through discussions with borrowers and co-lenders for participated loans.
- Monitor property rent rolls for early lease terminations and expirations of significant existing tenants.
- Recommend and assign risk rating classifications and monitor trends across the assigned loan portfolio and submarkets.
- Communicate with borrowers associated with the assigned portfolio to maintain investor relationships.
Benefits
- Medical, dental, vision, and a Wellbeing Reimbursement Account.
- Paid time off, holiday schedules, and Financial Planning Time Off.
- Paid parental leave and an adoption assistance program.
- Competitive 401(k) savings plan with company match and an additional contribution regardless of participation.
- Most employees are eligible for additional incentive pay.
- Flexible benefits that can be tailored to employee needs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
