Portfolio Manager, Commercial Real Estate Debt

PIMCO - New York, NY

Full-time - Senior

New York, NY

Management of Companies and Enterprises

About the position

The Portfolio Manager for Commercial Real Estate Debt at PIMCO is responsible for sourcing, underwriting, and executing real estate debt transactions. This role involves leading relationships with market participants, developing financial models, and managing due diligence and closing processes for new investments. The position requires collaboration with senior team members and supports asset management of fund investments, contributing to the overall success of PIMCO's real estate debt strategies.

Responsibilities

• Source and lead relationships with market participants, including sponsors and mortgage brokers
• Develop Excel models projecting project level cash flows, borrower returns, lender returns, and fund level returns
• Draft and negotiate term sheets and loan documentation
• Prepare detailed Investment Committee memos and presentations
• Lead and/or manage due diligence of new investments, including market research, broker calls, third party reports, financial statement audits, and lease reviews
• Lead and/or manage closing execution of new credit investments, coordinating with internal and external stakeholders, consultants, and investors
• Develop and work with financing sources to procure leverage for fund investments
• Support asset management of fund investments, including developing and executing business plans, and managing relationships with sponsors, financing sources, and third party service providers

Requirements

• 10-15 years of relevant real estate investment banking or private equity experience
• Asset-level underwriting experience required
• Exceptional Excel modeling skills and proficiency in Argus
• Outstanding academic credentials and demonstrated leadership capabilities
• Strong work ethic and integrity, proactive and self-motivated
• Strong analytical, interpersonal communication, and writing skills
• Ability to work effectively on multiple projects simultaneously
• Desire to join an entrepreneurial team and grow along with the platform
• Positive attitude and eagerness to learn

Benefits

• Competitive base salary
• Discretionary bonus based on performance