Real Estate Associate

Pacific Asset Management, LLC; Oak Park (IL); On-site; USD 124,830 - 152,570; Full time

Benefits offered by this job

Medical, Dental, Vision benefits

Generous paid time off

Paid Parental Leave

Competitive 401(k) plan

Job summary

Pacific Asset Management, LLC in Oak Park, Illinois is looking for a dedicated professional to support the underwriting of commercial and multifamily mortgage loans. Candidates should have experience in evaluating investment risks, with proficiency in real estate analysis software. A Bachelor’s degree is required, and a Master's degree is preferred.

The role includes conducting market research, creating cash flow models, and presenting recommendations to senior management. The position offers a competitive pay range and comprehensive benefits including medical, dental, and generous paid time off.

Qualifications

• 3–5 years of experience in evaluating and underwriting investment merits and risk associated with commercial real estate.
• Strong communication and presentation skills, able to interface with top-level executives.
• Excellent organizational and time-management skills to prioritize workflow and deadlines.

Responsibilities

• Perform in a supporting role to solicit, structure and underwrite commercial and multifamily mortgage loans.
• Research and evaluate locational, market, and property-specific data.
• Conduct rent roll, income, and expense analysis.
• Create or modify complex cash flow models in Argus and Excel.
• Present verbal and written recommendations to the Real Estate Investment Committee.
• Interface with institutional-quality borrowers and brokers.

Skills

Commercial real estate underwriting

Real estate analysis software proficiency

Analytical skills

Communication skills

Organizational skills

Education

Bachelor’s degree (BS/BA)

Master’s degree in Real Estate or MBA

Tools

Microsoft Excel

Argus

Job description

Responsibilities

• Perform in a supporting role to solicit, structure and underwrite commercial and multifamily mortgage loans that meet Pacific Life’s investment objectives.
• Research and evaluate locational, market, and property‑specific data.
• Conduct rent roll, income, and expense analysis.
• Create or modify complex cash flow models in Argus and Excel for commercial and multifamily properties.
• Organize and support analysis, draw objective conclusions.
• Present verbal and written recommendations to the 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 with in‑house mortgage loan origination, closing, construction services, asset management, capital markets, and loan servicing teams.
• Travel as required to evaluate investment opportunities and market Pacific Life loan programs.

Qualifications

• Bachelor’s degree (BS/BA).
• 3‑5 years of related experience in evaluating and underwriting investment merits and risk associated with commercial real estate.
• Proficiency with real‑estate analysis software including Microsoft Word, Excel, PowerPoint, and Argus.
• Excellent analytical, research, and creative problem‑solving abilities.
• Strong communication and presentation skills, able to interface with top‑level executives.
• Excellent organizational and time‑management skills to prioritize workflow and deadlines.
• Self‑starter with the ability to work independently with a team‑player attitude.

Preferred Qualifications

• Master’s degree in Real Estate or MBA (strongly preferred).
• Experience with multi‑family, industrial, retail, and office property types.
• Prior commercial real estate debt underwriting experience and knowledge of capital markets.
• Proficiency with Argus strongly preferred.

Base Pay Range

$124,830.00 – $152,570.00

Benefits

• Medical, Dental, Vision, and Wellbeing Reimbursement Account.
• Generous paid time off options: Paid Time Off, Holiday Schedules, and Financial Planning Time Off.
• Paid Parental Leave and Adoption Assistance Program.
• Competitive 401(k) 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.