Analyst, Commercial Real Estate

Nationallifeinsurancecompany; Addison (TX); On-site; USD 54,000 - 79,200; Full time

Benefits offered by this job

Flexible and customizable benefits

401(k) eligibility

Paid time-off benefits

Job summary

Nationallifeinsurancecompany in Addison, Texas, is seeking an Analyst for its Commercial Real Estate team. The position involves underwriting and closing commercial mortgage investments, requiring strong analytical abilities and financial modeling skills.

The successful applicant will support cash flow modeling, credit analysis, and market research, while working onsite four days a week. Preferred qualifications include an MBA and experience with ARGUS software and VBA. Comprehensive benefits are provided.

Qualifications

• 2+ years of experience in commercial real estate or related field.
• Strong Excel skills, including pivot tables and financial functions.
• Understanding of real estate fundamentals and capital structures.

Responsibilities

• Analyze and underwrite commercial mortgage loan opportunities.
• Build and maintain financial models.
• Support loan structuring and closing processes.

Skills

Financial modeling

Credit analysis

Market research

Excel proficiency

Analytical skills

Education

Bachelor's degree in Finance, Real Estate or related field

Tools

ARGUS CRE valuation software

VBA

Job description

Note: we do not offer visa sponsorship for this position.

Role Summary

As a member of NLG Capital’s Commercial Real Estate team, this role supports the origination, underwriting, and closing of commercial mortgage investments on behalf of National Life Group. The Analyst will contribute to financial modeling, credit analysis, and market research to support investment decisions and ongoing portfolio management. Onsite work is required, with the expectation of being in the office four (4) days per week.

Essential Duties and Responsibilities

Origination & Underwriting

• Analyze and underwrite commercial mortgage loan opportunities, including cash flow modeling and debt sizing.
• Build and maintain financial models (cash flow projections, IRR, NPV, sensitivity analyses).
• Evaluate investments across property types, including multifamily, industrial, retail, office and niche sectors.
• Assess key credit metrics such as DSCR, LTV and debt yield.
• Perform sensitivity analysis on interest rates, vacancy and exit assumptions.

Structuring & Execution

• Support loan structuring, including amortization, covenants, reserves and pricing.
• Review third‑party reports (appraisals, engineering, environmental, sponsor analysis).
• Analyze leases and operating statements.
• Coordinate with legal, appraisal and internal stakeholders throughout the closing process.
• Assist in preparation of credit memos and investment committee materials.

Portfolio Management & Reporting

• Maintain pipeline tracking and portfolio analytics.
• Support quarterly and annual portfolio reporting.
• Monitor loan performance, including covenant compliance and credit quality.
• Assist with risk rating assessments and internal reporting.
• Support asset management activities.

Market Research & Risk Assessment

• Conduct market research on supply/demand dynamics, rent trends and liquidity.
• Identify and evaluate risks, including tenant rollover, capital expenditures and market conditions.

All other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in Finance, Real Estate or related field and 2 or more years of related experience.
• Strong Excel skills, including pivot tables and financial functions, including NPV.
• Experience with financial modeling and underwriting.
• Understanding of real estate fundamentals and capital structures.
• Demonstrated understanding of capital market dynamics and pricing.
• Knowledge of, and experience in, structuring positions with the capital stack and relative value.
• Strong analytical, research and problem‑solving skills.
• Effective written and verbal communication skills.
• Results‑oriented with strong attention to detail.
• Able to manage multiple priorities in a fast‑paced environment.
• Collaborative, with the ability to work both independently and as part of a team.
• Demonstrates sound judgment, intellectual curiosity and accountability.

Preferred Qualifications

• MBA with concentration in Finance, Real Estate or related field.
• 3 to 5 years of experience in commercial real estate or related field.
• Experience using VBA in Excel.
• Experience with ARGUS CRE valuation software.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs.

Compensation

Base Pay Range: The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position, taking into account factors such as prior experience, job‑related knowledge, education, training, certificates, current business needs and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.

Additional Compensation and Benefits: The total compensation package may also include a full range of medical, financial and other benefits (including 401(k) eligibility and various paid time‑off benefits such as vacation, sick time and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. The employee will be in an “at‑will” position and National Life reserves the right to modify base salary and any other discretionary payment or compensation or benefit program at any time.

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range: $54,000 – $79,200 USD