Real Estate Closing Manager at Pacific Life in Newport Beach, California

Job Description:

Job Description:

Real Estate Closing Manager

Pacific Life is investing in bright, agile and diverse new talent to ensure we continue to innovate and strengthen relationships with our policyholders. That's why we're actively seeking a highly motivated Real Estate Closing Manager to join our team and take part in our people-first culture. We are seeking candidates in Southern California. 100% remote also considered.

As a Real Estate Closing Manager, you'll play a key role in Pacific Life's growth and long-term success by managing the following essential job duties:

• Draft loan commitments and provide comments to ensure accuracy and completeness related to specific terms and conditions of the loan structure as represented in signed term sheets, initial underwriting documentation, and negotiations.


• Prepare and update closing checklists to cover all due diligence and documents necessary for closing loan transactions.


• Organize and lead regular closing checklist calls. Appropriately set timetables and expectations for deliverables. Conduct follow up meetings as needed.


• Review and analyze closing due diligence items for approval and elevate identified issues as necessary to outside counsel and other appropriate internal personnel for resolution (i.e. organizational documents, title commitments and title exceptions, surveys, leases, evidence of insurance, construction contracts, architectural agreements, development agreements, property management agreements, environmental reports, etc.).


• Review and evaluate borrower comments to loan documents with outside counsel and other internal team members, recommend appropriate responses based on professional experience, knowledge and outside counsel and internal recommendations. Confirm final loan documentation conforms to terms of credit approval.


• Clearly and immediately communicate problems/issues with a closing or deal, and elevate appropriately.


• Manage consultants providing peer reviews.


• Prepare and reconcile loan funding forms for signature; authorize funding when closing requirements have been met.


• Ensure final loan documents are properly executed, recorded and delivered as appropriate, and coordinate the filing of same with Lender's document management team.


• Work on projects to improve efficiency and closing procedures and processes and to improve collaboration with the origination, underwriting and servicing groups.


• Other duties as assigned. This position will not be limited to the functions and requirements as outlined herein, now or in the future.

If you meet the desired qualifications set forth below, you're a great fit for this role.

• College degree, paralegal certificate and at least five (5) years' experience in closing commercial real estate transactions, or a law degree and at least three (3) years' experience in closing commercial real estate transactions.


• A broad knowledge of commercial real estate is required, including fundamentals of underwriting, loan covenants, and loan documentation standards.


• Demonstrated knowledge of title fundamentals, including title policy review, lender endorsements, surveys and regulatory agreements.


• Analytical and organizational qualities are essential. Must be able to prioritize conflicting project demands and perform under time pressures.


• Proven ability to effectively communicate with all stakeholders in the transaction and strong writing skills.


• Proven ability to interpret data and information and problem solve.


• Proven ability to exercise good judgment, make decisions that are well-supported, and work independently with minimal supervision.


• Proficiency with Word, Excel, Teams, Box, Sharepoint, One Drive, Outlook and Adobe pdf applications.


• Mission-driven self-starter who's comfortable with ambiguity, and who thrives in a fast-paced, collaborative culture.

Here, we believe you should be given the time, space, and trust to do your best work - your way. As part of our transition toward a more digitally oriented, inclusive and employee-focused company, we're opening this role to candidates near Newport Beach and will offer some work-from-home opportunities.

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How We Help You Succeed:

We're fostering a culture of shared values across our company by providing generous compensation and comprehensive benefits that allow our employees to find fulfillment and security in personal life and career alike. These include:

• Competitive Salary and Benefits




• Work-Life Balance & Flexible Scheduling




• Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees




• Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)




• Generous PTO and holiday pay




• Warm Colleagues & Inspiring Culture

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.