Manager, Real Estate Portfolio Management

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're actively seeking a talented Manager, Real Estate (RE) Portfolio Management to join our Real Estate Servicing team in Newport Beach, CA.

As a Manager, RE Portfolio Management, you'll play a key role in Pacific Life's growth and long-term success by leading a team of Portfolio Managers and monitoring the performance real estate commercial mortgage loans. You will fill a role that sits on a team of 20 people in the Investments division. Your colleagues will include fellow real estate commercial loan servicing and portfolio management professionals.

How you'll help move us forward:

• Oversee the team of Portfolio Managers by providing direction and oversight to subordinates responsible for functions for all serviced portfolios including private client mortgage & real estate assets; and other serviced assets.

• Monitor your portfolio's performance for potential adverse credit issues.

• Evaluate and make fact-supported resolution and transactional recommendations for performing and non-performing loans, for presentation to leadership and other stakeholders.

• Work closely with investment team to provide intelligence, analysis and guidance in connection with potential new investments.

• Work closely with counsel, engage third party service providers and ensure development and execution of strategic plans.

• Transaction Management - Leverage subject matter expertise and industry best practice to provide guidance to team members responsible for analysis, recommendation, negotiation, and management of commercial real estate investment transactions (ownership restructures, property management changes, easements, payoffs, etc.).

• Asset Management

  • Directly handle all aspects of Servicing assets. Lead role in overseeing assets to maximize property performance and creating value.

  • Implement and execute asset business plans.

  • Oversee partners, managers, and onsite team members.

  • Review and analyze quarterly value of each asset.

• Perform analysis and source market intelligence to develop and refine investment strategy and tactics.

• Analyze economic and demographic data and evaluate real estate markets.

• Compilation/review of valuation/cash flow estimates, spreadsheets and exhibits.

• Lead role in working with borrowers, brokers, attorneys, consultants, and others to facilitate the closing of transactions.

• Directly oversee disposition process. Obtain approval, negotiate agreements with legal team, and manage closing process.

The experience you bring:

• 4-year college degree with emphasis in Business, Finance or Real Estate (MBA strongly preferred)

• Minimum of 7 - 10 years of Servicing or Portfolio Management experience required with specific experience in LIHTC loans and other affordable housing assets

• High proficiency with Microsoft Excel, Word, PowerPoint and Outlook; Argus a plus

• Excellent organizational, and communication skills, both verbal and written

• Exceptional attention to detail and thoroughness is a must

• Team Player with collaborative and strong relationship building skills

• Ability to work independently and leading your team in a way that reflects the company's culture and core values

• Skilled at developing and maintaining personal, social and business relationships representing Pacific Life in a professional manner

• Willingness to travel as needed

You can be who you are.

People come first here. We're committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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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.