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Real Estate Market Associate
Real Estate Market AssociateThrivent • Minneapolis, Minnesota, USA
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Real Estate Market Associate

Real Estate Market Associate

Thrivent • Minneapolis, Minnesota, USA
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We exist to help people achieve financial clarity. At Thrivent we believe money is a tool not a goal. Driven by a higher purpose at our core we are committed to providing financial advice investments insurance banking and generosity programs to help people make the most of all theyve been given.

At our core we are a membership-owned fraternal organization as well as a holistic financial services organization dedicated to serving the unique needs of our clients. We focus on their goals and priorities guiding them toward financial choices that will help them live the life they want todayand tomorrow.

Job Summary

The Real Estate Market Associate provides analytical and due diligence support focused on commercial mortgage investments together with analytical support in the evaluation and monitoring of real estate markets and the commercial real estate debt portfolios. This role is responsible for analyzing market trends evaluating property values and providing actionable insights to support strategic investment decisions.

Job Responsibilities and Duties

  • Support commercial mortgage investment professionals in analyzing various commercial mortgage debt opportunities for potential investment by providing critical financial analysis to assist investment decisions through fact-based financial data and analytics.
  • Assist commercial mortgage investment production professionals in designated markets to review and underwrite proposed commercial mortgage investment submissions due diligence materials and gather additional information as necessary.
  • Prepare and take ownership of financial underwriting and risk models.
  • Prepare final commercial mortgage documents for and presenting to senior management for final approval.
  • Order track and analyze appraisals environmental and engineering studies financial statements and other third-party reports.
  • Assist in the investment closing process coordinating with multiple functional units - Law Closing and Servicing.

Portfolio and Market Research :

  • Monitor and analyze conditions in specified commercial real estate markets utilizing Thrivent Financials internal data as well as external real estate economic and financial data and research.
  • Maintain real estate market investment models and produce regular Market Performance Assessment (MPA) reports for assigned property types and markets.
  • Contribute based on the market analysis and assessment performed in this position to the development of proprietary forward-looking forecasts of anticipated performance in the assigned property types and markets.
  • Assist senior management in applying real estate market research to help guide Thrivent Financials benchmark underwriting assumptions for assigned property types and markets.
  • Portfolio Management and Loan Servicing :

  • Assist ongoing monitoring of investments including the review and analysis of servicing requests and make recommendations to senior management.
  • Complete special projects for all functional areas within the Mortgage and Real Estate department
  • This role interacts with all members of Thrivents commercial mortgage team including senior leadership. This role is responsible for presenting new potential real estate debt investments to the group and must demonstrate a high level of proficiency in analyzing market conditions and property level cash flows.
  • Leadership Competencies :

  • Model Thrivents leadership competencies Model the Way Rally the Team and Deliver Outcomes.
  • Support an environment in which Thrivent employees and colleagues are focused on continuous improvement exceptional employee engagement and an unwavering commitment to our clients. Support and act consistent with a culture that represents the Thrivent purpose promise and values ensuring that Thrivents trust and reputation remain strong with its clients.
  • Job Qualifications

    Required :

  • Minimum of two years of work experience in commercial real estate with a nationally recognized institutional lender focused on the analysis and underwriting of potential new mortgage investments with a strong aptitude in accounting economics and technology.
  • Bachelors degree in real estate or related field.
  • Understanding of the fundamentals of real estate valuation finance and accounting. Familiarity with property-level due diligence real estate law and construction.
  • Excellent communications skills both verbal and written are required as well as the ability to work independently and as a member of a team.
  • Internship or work experience in commercial real estate investment analysis asset management portfolio management or other commercial real estate related fields is a plus.
  • High level of proficiency with Microsoft Office products such as Excel Word PowerPoint etc. Experience with Argus DCF modeling software CoStar and Real Capital Analytics is a plus.
  • Preferred :

  • Commercial mortgage lending work experience with a nationally recognized life insurance company.
  • Bachelors degree in Real Estate plus additional studies in accounting economics and technology.
  • Additional Information

  • This position requires you to work on-site in Minneapolis MN a minimum of three days a week.
  • Pay Transparency

    Thrivents long-term growth depends on attracting rewarding and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract reward and retain top talent. The applicable salary or hourly wage range for this full-time role is $79938.00 - $108152.00 per year which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including but not limited to location relevant experience skills and knowledge business needs market demand and other factors Thrivent deems important.

    Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.

    The following benefits may be offered : various bonuses (including for example annual or long-term incentives); medical dental and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan / policy documents. Thrivents plans / policies are subject to change at any time at Thrivents discretion.

    Thrivent provides Equal Employment Opportunity (EEO) without regard to race religion color sex gender identity sexual orientation pregnancy national origin age disability marital status citizenship status military or veteran status genetic information or any other status protected by applicable local state or federal law. This policy applies to all employees and job applicants.

    Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation please let us know by sending an email to or call and request Human Resources.

    Required Experience :

    IC

    Key Skills

    EAM,Economics,IT Business Analysis,Information Security,Android Development

    Employment Type : Full-Time

    Experience : years

    Vacancy : 1

    Yearly Salary Salary : 79938 - 108152

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    Real Estate Associate • Minneapolis, Minnesota, USA

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