Real Estate Associate

Jobtailor; Maryland; On-site; USD 90,000 - 120,000; Full time

Job summary

Pacific Life is seeking a real estate underwriter to support solicitation, underwriting and structuring of commercial and multifamily loans, aligning with investment objectives. You will evaluate sponsorship, location, market and property data to identify risks and validate underwriting assumptions.

Responsibilities include rent roll and income/expense analysis, cash flow modeling in Argus and Excel, due diligence and presenting recommendations to the Real Estate Investment Committee.

Qualifications

• Degree in Real Estate, Business, Finance, Math, Economics or related field.
• Strong financial modeling and Excel/Argus proficiency.
• Knowledge of cash flow and valuation analyses for CRE assets.

Responsibilities

• Support underwriting of commercial and multifamily loans aligned with investment objectives.
• Research market and property data to identify loan risks and validate assumptions.
• Perform rent roll, income and expense analysis.
• Create cash flow models in Argus and Excel.
• Contribute to due diligence, internal memos and site inspections.
• Present findings to the Real Estate Investment Committee.
• Review transaction documents and third-party reports during due diligence and closing.
• Interface with borrowers, brokers and service providers.
• Collaborate with mortgage, origination, closing and asset teams.
• Travel to evaluate opportunities and loan programs.

Skills

Financial modeling

Excel

Argus

Analytical thinking

Communication

Time management

Team player

Problem solving

Education

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

Tools

Argus

Excel

PowerPoint

Word

Job description

Responsibilities

• Support solicitation, underwriting and structuring of commercial and multifamily mortgage loans aligned with Pacific Life's investment objectives
• Research and evaluate sponsorship, location, market and property-specific data to identify loan risks and assess underwriting assumptions
• Conduct rent roll, income and expense analysis
• Create and modify complex cash flow models in Argus and Excel
• Participate in internal memo preparation, 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 during due diligence and closing
• Interface with borrowers, brokers and third-party service providers
• Collaborate with Commercial Mortgage, origination, closing, construction services, asset management, capital markets and loan servicing teams
• Travel 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 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 variables driving commercial mortgage loan sizing and structuring
• Strong proficiency in Microsoft Word, Excel, PowerPoint and Argus
• 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
• Ability to interface with top level executives
• Excellent organizational and time management skillsAbility to multi-task while prioritizing workflow and deadlines
• Desire to take initiative and be a team player

Core Competencies

Demonstrates expertise in commercial and multifamily mortgage loan underwriting, financial modeling, and risk assessment, with strong analytical and communication skills to effectively present findings and collaborate with stakeholders.

Highest-signal resume keywords

• Commercial Real Estate Underwriting
• Financial Modeling in Excel and Argus
• Cash Flow and Valuation Analysis
• Analytical and Critical Thinking Skills
• Communication and Presentation Skills

Hard Skills

• Financial Modeling
• Cash Flow Analysis
• Valuation Analysis
• Underwriting
• Risk Assessment
• Data Analysis
• Market Research
• Transaction Document Review
• Due Diligence
• Site Inspections

Soft Skills

• Analytical Skills
• Problem-Solving Skills
• Organizational Skills
• Time Management Skills
• Team Player

Industry Keywords

• Commercial Mortgage
• Multifamily Loans
• Investment Analysis
• Debt Underwriting
• Real Estate Investment
• Market Evaluation
• Loan Structuring
• Sponsorship Evaluation
• Property-Specific Data
• Commercial Real Estate

Tools & Technologies

• Argus
• Microsoft Excel
• Microsoft Word
• Microsoft PowerPoint