Job Description
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 Portfolio Manager to join our Real Estate Investments team in Newport Beach, CA.
As a Senior Real Estate Portfolio Manager you'll play a key role in Pacific Life's growth and long-term success by monitoring the credit quality and performance of commercial real estate loan assets to provide the greatest recovery to investors and superior service to borrowers. You will work with a team to review property financial statements, financial covenants, and various other reports to determine loan performance and identify broader portfolio trends. You will actively manage all loan servicing transactions for assigned loan portfolio. Frequent communication with borrowers associated with assigned loan portfolio is expected to maintain investor relationship.
How you'll help move us forward
- Read loan documents and mortgage loan investment summaries to understand nature of complex loans to properly analyze and monitor the loan, as well as detect key requirements of the loan.
- Determine reporting requirements, loan covenants, and triggers. Set up associated ticklers in loan servicing system, create templates to perform the tests, and perform the tests at required intervals.
- Lead the servicing for your portfolio, including monthly payment collection, payoff/prepayment statement preparation, lease and property management agreement reviews, reserve requests, and analysis of complex loan transactions.
- Collect and analyze financial statements for Pacific Life portfolio loans. Determine and document causes for variances in property performance via discussions with borrowers and co-lenders (for participated loans).
- Monitor property rent rolls for early lease terminations and expiration of significant existing tenants.
- Recommend and assign risk rating classifications and monitor overall trends within assigned portfolio of loans and submarket(s).
The experience you bring
- 4-year college degree preferred
- 2-4 years' 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, 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 independently research, identify issues, and problem solve). Analyzes possible solutions using existing methods and prior experiences.
- Ability to work independently and demonstrate initiative.
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You can be who you are
People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Base Pay Range
$103,140.00 - $126,060.00
Your Benefits Start Day 1
- 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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and ach
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Sr Real Estate Portfolio Manager employer: pacificlife
At Pacific Life, we believe in creating a meaningful career with purpose, where our employees are empowered to make a positive impact on the future. Located in the vibrant areas of Newport Beach, CA, and Omaha, NE, we offer a supportive work culture that prioritises health and well-being, alongside generous benefits such as paid time off and a competitive 401k plan. Join us to thrive in a diverse environment that fosters growth and innovation, while collaborating with a dedicated team to transform the life insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Sr Real Estate Portfolio Manager
✨Get Involved in Local Property Events
Dive into local property expos and networking events! Real estate thrives on connections, so attending these events helps us meet potential employers and industry leaders, plus it's a chance to show off your enthusiasm for the field.
✨Connect with Local Agents on Social Media
Follow and engage with local real estate agents and firms on platforms like Instagram and LinkedIn. Sharing their posts and commenting with your insights can put you on their radar and might even lead to job opportunities at companies like pacificlife.
✨Don’t Underestimate the Power of Cold Outreach
Got your eye on a specific company like pacificlife? Don't hesitate to send a direct message or an email expressing your interest. Personalise your approach, maybe mentioning a recent listing or project of theirs, and it could set you apart from other candidates.
✨Utilise Property Management Platforms
Check out property management platforms and job boards tailored for the real estate sector. They often have exclusive listings, especially for full-time roles. Don't forget to visit pacificlife's careers page directly; we love seeing passionate candidates applying through our website!
Some tips for your application 🫡
Show Your Real-Estate Savvy:When crafting your CV and cover letter, make sure to highlight any relevant experience in the real estate sector. If you've done internships, assistant roles, or even relevant coursework, lay it out clearly. We want to see your familiarity with market trends, property management, or any sales experience you've got under your belt!
Quantify Your Achievements:In real estate, numbers speak volumes! When detailing your past roles, use concrete figures to demonstrate your achievements. For example, mention how many properties you sold, the percentage increase in client satisfaction, or any successful negotiations. These metrics can give your application that extra punch it needs!
Tailor Your Documents for the Job:Every application should feel personal. When applying for the Sr Real Estate Portfolio Manager role at pacificlife, tweak your CV to focus on aspects that are important to them. If they value client relationships, emphasise your interpersonal skills. We want to see you aligning your experiences with what they're looking for!
Keep It Professional Yet Approachable:While we want you to show off your expertise, don't forget to let your personality shine through in your cover letter. A touch of friendliness can set you apart, especially in real estate where client interaction is key. Show that you're ready not just to work with the property but also with people!
How to prepare for a job interview at pacificlife
✨Know Your Market Trends
In real estate, it’s all about staying ahead of the curve. Make sure we brush up on the latest market trends in the area where pacificlife operates. Being able to discuss local property values, demand, and upcoming developments will show that we’re not just interested in the job, but genuinely invested in the industry.
✨Prepare for Scenario Questions
Expect some scenario-based questions during the interview. We might get asked how we’d handle different client situations or property evaluations. Preparing our responses for common real estate scenarios not only demonstrates our problem-solving skills but also shows that we can think on our feet in a client-facing role.
✨Showcase Your Connections
In full-time real estate, networking is key! Let’s think about our connections in the industry and what we can bring to pacificlife. Whether it’s insights on prospective clients or relationships with local contractors, talking about these experiences can set us apart from other candidates.
✨Demonstrate Technical Savvy
Familiarity with different real estate software tools is a big plus. We should be ready to discuss any platforms we've used, whether it's for property management, CRM, or data analysis. Being comfortable with technology not only makes us more efficient, but also shows that we’re adaptable to the tools used at pacificlife.
