Commercial Real Estate Servicing Analyst

Pacific Life Insurance Company$93K — $114K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of experience in commercial mortgage loan servicing operations
  • 4-year college degree in Accounting/Finance/Business/Real Estate or equivalent experience
  • Proficiency in one or more leading mortgage loan servicing/accounting systems
  • Excellent customer service skills
  • Detail-oriented with strong analytical and organizational skills
  • Strong verbal and written communication skills

Responsibilities

  • Review and analyze loan agreements and cash management documents
  • Manage daily cash activity and reconcile accounts monthly
  • Oversee the administration of escrow and reserve accounts for loans
  • Conduct audits of reserves and maintain portfolio tickler information
  • Coordinate tax administration and ensure timely payments for property taxes
  • Communicate with external parties such as service providers and borrowers
  • Monitor loan maturity dates and overall financial performance

Benefits

  • Comprehensive health benefits starting from day one including Medical, Dental, and Vision
  • Flexible paid time off options including holidays and financial planning time off
  • Paid parental leave and adoption assistance program
  • Competitive 401k plan with match and company contribution
  • Focus on diversity and inclusion in workplace culture
Full Job Description
We9re actively seeking a talented Commercial Real Estate Servicing Analyst to join our Mortgage Loan Debt Portfolio Operations team in Newport Beach, CA. As a Commercial Real Estate Servicing Analyst, you9ll move Pacific Life, and your career, forward by overseeing escrow reserve and tax administration functions for the Commercial Mortgage Portfolio of Real Estate Investments. How you9ll help move us forward: Cash Management: • Review agreements including but not limited to the Loan Agreements, Cash Management Agreements, Deposit Account Agreements and Ancillary Loan Documents. • Review daily activity of cash managed interest-bearing accounts. • Reconcile bank accounts monthly. • Prepare wire disbursements as required. • Prepare Waterfall for CMA loans. • Prepare monthly operating expense true ups. • Provide guidance to borrower personnel on reconciliations, cash trap, operating budgets, and analysis. • Provide guidance and advice as solicited by the Credit Analysis Team. Mortgage Escrow/Reserve Administration: • Review and interpret escrow/reserve related provisions of individual loan documents. • Set-up insurance, capital, replacement, seasonality, debt service and other reserve/impound accounts in mortgage loan system • Analyze and approve documents and supporting data provided by borrowers for release of funds from escrow/reserve accounts. Coordinate property inspections where necessary. Vendor oversight as applicable. • Analyze accounts periodically according to procedures and loan documents and adjust constants as necessary. • Audit reserves annually or as required in loan documents. • Update and maintain Tickler information for assigned portfolio. • Provide draw procedures and draft certifications, as required. • Coordinate payment of third-party invoices. • Review and monitor upcoming loan maturity dates, financial performance and loan status codes. Mortgage Loan Property Tax Administration: • Set-up taxing authorities, due dates and tax events in mortgage loan system. • Coordinate set-up of new loans with tax service provider. • Monitoring of payment due dates. • Process payments to service provider to ensure property taxes are paid prior to the due date. • Audit escrow accounts to ensure monthly impound amounts are appropriate and that the accounts are not overfunded/underfunded. • External communication with service providers, taxing authorities, borrowers and borrower representatives. The experience you bring: • 3-5 years experience in commercial mortgage loan servicing operations • 4-year college degree, with emphasis in Accounting/Finance/Business/Real Estate, or equivalent work experience. • Extensive user experience with one (or more) of three leading mortgage loan servicing/accounting systems used within the industry. • Excellent customer service skills. • Detail-oriented, analytical, and strong critical thinking and organizational skills. • Strong verbal and written communication skills. What makes you stand out: • Experience with escrow administration and property tax administration Base Pay Range: The base pay range noted represents the company9s 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. $93,600.00 - $114,400.00 Your Benefits Start Day 1 Your wellbeing is important to Pacific Life, and we9re 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, we9ve 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 You Can Be Who You Are We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What9s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

About Pacific Life Insurance Company

Pacific Life Insurance Company Careers

There has never been a more opportune time to join the dynamic team at Pacific Life Insurance Company—a leader in the insurance industry known for its commitment to innovation, leadership, and professional growth.

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Join Pacific Life Insurance Company’s esteemed team to assist in pioneering efforts that drive the insurance industry forward. At the intersection of technology, industry expertise, and digital innovation, Pacific Life Insurance Company stands as a beacon of transformative solutions and services. Lead in a unique position in the marketplace, leveraging deep industry knowledge and a commitment to digital innovation to enhance client experiences and outcomes. Engage with a diverse global team of business and technology advisors, helping clients navigate through their challenges with cutting-edge solutions. Collaborate with dedicated professionals who are at the forefront of integrating technology and insurance services to deliver exceptional results.

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The initiative aims to build a leading advisory team to guide some of the most well-known companies through their transformation journeys, utilizing innovative insurance solutions.

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Be part of a team that is not just the largest but the most knowledgeable in the insurance sector, with a focus on delivering targeted solutions through a depth and breadth of consulting experience that is unmatched.

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Work on a wide range of projects that harness the capabilities of Pacific Life Insurance Company’s robust technological and service-oriented frameworks.

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Advance your career with Pacific Life Insurance Company, where the opportunities for growth are vast, supported by comprehensive training, development, and certification programs.

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The Pacific Life Insurance Company Employment Experience

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