Real Estate Portfolio Manager

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 are actively seeking a talented Real Estate Portfolio Manager to join the Investments team in our Newport Beach, CA office.

• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a 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 Affordable Housing/LIHTC commercial real estate loans for our third-party/private client mortgage loan portfolio. You will fill an existing role that sits on a team of approximately 12 people in the Investment division. Your colleagues will include fellow real estate commercial loan servicing and portfolio analyst and management professionals.

How you will make an impact:

• Monitor, analyze, and report on property performance for multifamily affordable housing/LIHTC loan portfolios

• Assist with new loan conversions and post-closing items

• Collect and track financial statements for input into loan servicing system. Analyze against prior periods, underwriting projections, and budgets for financial performance variances, discrepancies, and trends. Determine and document causes for variances in property performance via discussions with borrowers.

• Monitor monthly loan payment status and follow up with borrowers on past due payments/balances.

• Run weekly/monthly portfolio reports. Prepare quarterly CREFC portfolio reports and watchlists for securitized portfolios.

• Order, receive, and review property inspections and Physical Needs Assessments. Follow up with borrowers on deferred maintenance items and monitor until resolution.

• Review of Annual Audits. Flag items such as property management changes or going concern items and escalate to portfolio manager.

• Provide additional support within the Portfolio Management area to meet objectives and deadlines for all portfolios.

The experience you will bring:

• 4-year college degree or equivalent work experience in Affordable Housing/LIHTC Commercial Loans

• Experience in preparing and analyzing property operating statements for multifamily properties

• 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 research, identify issues and problem solve)

• Self-starter who can work independently and demonstrate initiative

What will make you stand out:

• Experience in Affordable Housing/LIHTC Commercial Loans

Base Pay Range:

The base pay range noted represents the company's 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.

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're 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, we've 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.