Real Estate Associate

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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its a career where you have the support, balance, and resources to make a positive impact on the future including your own. Were actively seeking talented Real Estate Associates to join our Real Estate Commercial Mortgage team in Bethesda, MD. As a Real Estate Associate, youll play a key role in Pacific Lifes continued growth and long-term success by providing analytical, underwriting, due diligence, and closing support for the new loan production efforts in the Eastern Regional Office that covers the major Eastern metros from Boston to Atlanta. In addition to the Bethesda location, we will consider qualified candidates that will support the office while being based out of our headquarters in Newport Beach, CA. Pacific Lifes Commercial Mortgage team focuses on a variety of property types and strategies across the United States including construction, permanent, bridge and fixed and floating rate loans. As of December 31, 2024, Pacific Lifes mortgage loan investments total approximately $26 billion. How youll help move us forward: Perform in a supporting role to solicit, underwrite and structure commercial and multifamily mortgage loans that meet Pacific Lifes 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 Lifes 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 Lifes 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. The experience you bring: 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. What makes you stand out: A Masters Degree in Real Estate or MBA with a real estate concentration strongly preferred. Previous property type experience with multi-family, industrial, retail, office and hospitality. Prior commercial real estate debt underwriting experience (beyond internships) and knowledge of capital markets. 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 achieve their fullest potential. Whats life like at Pacific Life? Visit Instagram.com/lifeatpacificlife #LI-AJ1 Base Pay Range: The base pay range noted represents the companys good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay. $121,770.00 - $148,830.00 Your Benefits Start Day 1 Your wellbeing is important to Pacific Life, and were committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, weve got you covered. 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 EEO Statement: Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company. Were over 150 years old, but theres more to us than heritage. Were ambitious. Were committed to building a better future for our organization, our employees, our customers, and our communities and we have the experience, resources, and financial strength to make it happen. Were investing in innovation. Were honing our expertise. Were empowering our people: growing digital skills and fostering the disruptive thinking we need to give us the edge in an increasingly competitive global marketplace. Have ambitions of your own? Lets achieve them together. At Pacific Life, we believe that success comes down to our people. Thats why were committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our Life at Pacific Life. Don't see the dream job you are looking for? Click "Get Started" below to drop off your contact information and resume and we will reach out to you if we find a match.