Sr Real Estate Portfolio Manager
About The Position
Pacific Life is seeking a Senior Real Estate Portfolio Manager to join 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 evaluate loan performance and identify portfolio trends, and actively manages servicing transactions for an assigned loan portfolio. Frequent communication with borrowers is expected to maintain investor relationships.
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 the ability to quickly learn new program applications.
- Excellent organizational skills and the ability to manage multiple projects and meet deadlines under pressure.
- Strong customer service, verbal, and written communication skills.
- Strong logical and analytical skills, including the ability to independently research, identify issues, and solve problems using existing methods and prior experience.
- Ability to work independently and demonstrate initiative.
Nice To Haves
- A four-year college degree is preferred.
Responsibilities
- Review loan documents and mortgage loan investment summaries to understand complex loans, analyze and monitor them, and identify key loan requirements.
- Determine reporting requirements, loan covenants, and triggers; set up related ticklers in the loan servicing system, create testing templates, 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 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 frequently with borrowers associated with the assigned portfolio.
Benefits
- Medical, dental, and vision coverage.
- Wellbeing Reimbursement Account for the employee or eligible dependents.
- Paid time off, holiday schedules, and Financial Planning Time Off.
- Paid parental leave.
- Adoption assistance program.
- 401(k) savings plan with company match and an additional contribution regardless of participation.
- Additional incentive pay eligibility for most employees.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
