Perform in a supporting role to solicit, underwrite and structure commercial and multifamily mortgage loans that meet Pacific Life’s investment objectives.
Research and evaluate sponsorship, location, market, and property-specific data to understand the key risks of each loan and vet underwriting assumptions.
Conduct rent roll, income, and expense analysis.
Create/modify complex cash flow models in Argus and Excel for commercial and multifamily properties.
Participate in the preparation of internal memos, due diligence, and site inspections.
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 within Pacific Life’s Commercial Mortgage team and effectively interface with other offices, 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.
Requirements
Bachelor's degree in Real Estate, Business, Finance, Math, Economics or related field from a four-year college or university
2-5 years related experience in evaluating and underwriting investment merits and risk associated with commercial real estate, preferably in a debt underwriting capacity.
Excellent financial modeling skills including high proficiency in Excel and Argus.
Knowledge of real estate cash flow and valuation analysis for multi-family, industrial, retail, office and hospitality sectors.
Knowledge of commercial mortgage nomenclature and a fundamental understanding of the variables that drive the sizing and structuring of a commercial mortgage loan.
Strong in software applications Microsoft Word, Excel, PowerPoint and Argus with ability to quickly learn new program applications.
Excellent analytical, research, critical thinking and creative problem-solving abilities.
Strong written and verbal communication and presentation skills, able to interface with top level executives.
Excellent organizational and time management skills with the ability to multi-task while prioritizing workflow and deadlines.
Desire to take initiative and be a team player.
Benefits
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs.
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
Applicant Tracking System Keywords
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