Analyst, Commercial Real Estate
About Us
Since 1848, National Life Group has aimed to keep its promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.
We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.
Role Summary
As a member of NLG Capital’s Commercial Real Estate team, this role supports the origination, underwriting, and closing of commercial mortgage investments on behalf of National Life Group. The Analyst will contribute to financial modeling, credit analysis, and market research to support investment decisions and ongoing portfolio management.
This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.
Essential Duties and Responsibilities
- Origination & Underwriting
- Analyze and underwrite commercial mortgage loan opportunities, including cash flow modeling and debt sizing.
- Build and maintain financial models (cash flow projections, IRR, NPV, sensitivity analyses).
- Evaluate investments across property types, including multifamily, industrial, retail, office, and niche sectors.
- Assess key credit metrics such as DSCR, LTV, and debt yield.
- Perform sensitivity analysis on interest rates, vacancy, and exit assumptions.
- Structuring & Execution
- Support loan structuring, including amortization, covenants, reserves, and pricing.
- Review third-party reports (appraisals, engineering, environmental, sponsor analysis).
- Analyze leases, operating statements.
- Career Development
- Coordinate with legal, appraisal, and internal stakeholders throughout the closing process.
- Aid in preparation of credit memos and investment committee materials.
- Portfolio Management & Reporting
- Maintain pipeline tracking and portfolio analytics.
- Support quarterly and annual portfolio reporting.
- Monitor loan performance, including covenant compliance and credit quality.
- Aid in risk rating assessments and internal reporting.
- Support asset management activities
- Market Research & Risk Assessment
- Conduct market research on supply/demand dynamics, rent trends, and liquidity.
- Identify and evaluate risks, including tenant rollover, capital expenditures, and market conditions.
- Bachelor’s degree in Finance, Real Estate, or related field and 2 or more years of related experience.
- Strong Excel skills, including pivot tables and financial functions, including NPV.
- Experience with financial modeling and underwriting.
- Demonstrated understanding of real estate fundamentals and capital structures.
- Knowledge of, and experience in, structuring positions with the capital stack and relative value.
- Strong analytical, research, and problem-solving skills.
- Effective written and verbal communication skills.
- Results-oriented with strong attention to detail.
- Able to manage multiple priorities in a fast-paced environment.
- Collaborative, with the ability to work both independently and as part of a team.
- Demonstrates sound judgment, intellectual curiosity, and accountability.
- MBA with concentration in Finance, Real Estate, or related field.
- 3 – 5 years of experience in commercial real estate or related field.
- Experience using VBA in Excel.
- Experience with ARGUS CRE valuation software.
Minimum Qualifications
Preferred Qualifications
AI Proficiency Expectations
All applicants are expected to leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work. Stay curious and open to new AI-enabled ways of working. Exercise sound judgment by reviewing and validating AI-generated content. Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles. Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.
Benefits
Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!
Salary Pay Range
$54,000 - $79,200 USD
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