Sr Real Estate Portfolio Manager I

Pacific Life • Newport Beach, CA

51d

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 Senior Real Estate (RE) Portfolio Manager to join our Real Estate Servicing team in Newport Beach, CA. As a Sr. RE Portfolio Manager, you'll play a key role in Pacific Life's growth and long-term success by collaborating with a team of Portfolio Managers and monitoring the performance real estate commercial mortgage loans. You will fill a role that sits on a team of 20 people in the Investments division. Your colleagues will include fellow real estate commercial loan servicing and portfolio management professionals.

Requirements

• 4-year college degree with emphasis in Business, Finance or Real Estate (MBA strongly preferred), or equivalent experience
• Minimum of 2 years of experience in Commercial Mortgage Loan (multi-family) Servicing or Portfolio Management required.
• Experience reviewing and interpreting loan documents and/or servicing agreements required
• Experience in LIHTC loans and other affordable housing assets preferred
• High proficiency with Microsoft Excel, Word, PowerPoint and Outlook; Argus a plus
• Excellent organizational, and communication skills, both verbal and written
• Exceptional attention to detail and thoroughness is a must
• Team Player with collaborative and strong relationship building skills
• Ability to work independently and collaborating with a team in a way that reflects the company's culture and core values
• Skilled at developing and maintaining personal, social and business relationships representing Pacific Life in a professional manner
• Willingness to travel as needed

Nice To Haves

• Track record of Portfolio Management/Asset Management with portfolio's inclusive of LIHTC transactions

Responsibilities

• Monitor your portfolio's performance for potential adverse credit issues.
• Provide quarterly reporting of your portfolio, including watchlist commentary.
• Evaluate and make fact-supported resolution and transactional recommendations for performing and non-performing loans, for presentation to leadership and other stakeholders.
• Transaction Management - Leverage subject matter expertise and industry best practice to provide analysis, recommendation, negotiation, and management of commercial real estate investment transactions (ownership restructures, property management changes, easements, payoffs, etc.).
• Asset Management
• Directly handle all aspects of Servicing assets including overseeing assets to maximize property performance and create value.
• Implement and execute asset business plans.
• Review and analyze quarterly value of each asset.
• Perform analysis and source market intelligence to develop and refine investment strategy and tactics.
• Analyze economic and demographic data and evaluate real estate markets.
• Compilation/review of valuation/cash flow estimates, spreadsheets and exhibits.
• Lead role in working with borrowers, brokers, attorneys, consultants, and others to facilitate the closing of transactions.
• Directly oversee disposition process. Obtain approval, negotiate agreements with legal team, and manage closing process.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees