Job Details | Intermediate Analyst - CMBS - (Job Number: 000ATZ)

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Allstate Insurance Corporation

 Location: Northbrook, IL 60062 Document ID: A4284-146Y Posted on: 2010-11-0411/04/2010 Job Type: Regular

Job Schedule:Full-time
2010-12-04
 

Intermediate Analyst - CMBS - (Job Number: 000ATZ)

Corporate Profile:
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're in Good Hands with Allstate " slogan, Allstate helps individuals in more than 17 million households protect what they have today and better prepare for tomorrow through approximately 14,700 exclusive agencies and financial specialists in the United States and Canada. By leveraging Our Shared Vision, Allstate is committed to strong principles of the highest ethical standards and encourages individual accountability. Allstate realizes success through innovative thinking while providing challenging and collaborative work for its 70,000 employees. Allstate demonstrates a commitment to diversity through a variety of ways and continues to identify the requirements for future success since it was founded in 1931.
Allstate Investments, LLC strives to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation. We work in direct partnership with the leaders of our major lines of business to develop uniquely tailored investment strategies aligned to their needs. Our business model provides the foundation for daily decision-making and effective management of a portfolio comprised of $100 Billion in assets. The 400 professionals within Allstate Investments, LLC represent a wide variety of disciplines including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivative asset classes as well as accounting, finance and technology. Investment performance for our three major portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. For additional information about Allstate Investments, LLC, visit our website at www.AllstateInvestments.com
Hear what current employees have to say about working at Allstate: www.allstate.com/Allstate/content/refresh-videos/HR/Allstate_General_Hiring.wmv.
Allstate's Real Estate Investment Group manages over $17 billion of assets for Allstate's various lines of insurance and financial products and pension fund. Allstate is a major participant in three areas of commercial real estate investment; Commercial Mortgages, Commercial Mortgage Back Securities and Equity Real Estate Funds.
Job Scope:
This position will be part of a small team of professionals who are active participants in the public real estate debt markets and who manage a portfolio in excess of $8 billion. The position requires the individual to have a background in the basic principals of commercial real estate finance and bond analytics. The position will work with the Portfolio Manager to analyze new issue and secondary CMBS offerings from the dealer community, provide risk assessments of existing holdings and otherwise support the trading and portfolio management of the CMBS portfolio. The analysis will focus on underwriting both the real estate and the structure of the investment, as well as developing and maintaining cash-flow models . Building relationships with sales coverage, researchers, and bankers, monitoring the portfolio are all responsibilities of the position. In addition to CMBS, the position may be responsible for making buy, sell, and/or hold decisions on the REIT portfolio. We are looking for someone to provide a consistently good performance, with proven judgment skills and decision making capabilities, as well as a strong desire to learn.
Responsibilities:
  1. Works under direct supervision of manager or senior staff to assist in the underwriting, closing, and monitoring of "higher yielding" real estate debt investments such as B-Notes and Mezzanine Debt.
  2. Participating in the analysis and surveillance of the investment grade CMBS purchases and sales with the expectation that the individual will be able to independently trade the AAA and AA classes.
  3. The individual will be expected to assume the responsibility of becoming the REIT debt analyst for the team and making "buy-sell" recommendations.
  4. Involved in the due diligence of any real estate debt funds the Group may consider and any other new products that are developed over time.

Qualification

Experience
Minimum of three to 5 or more years of experience in a relevant position
Required Skills:
  • Intermediate - Knowledge of commercial real estate and the public structured products market. For example the individual should be able to know the difference between a "cap rate" and an "OAS".
  • Intermediate - Knowledge of financial statement analysis, primarily REITs, REOCs, and property level statements.
  • Intermediate - Communications skills both internally and externally.
  • Intermediate - Analyzing problems and developing solutions both independently and within a group atmosphere.
  • Intermediate - Team participation and an ability to understand "risk" and to be aware of just how much risk they were taking at any one time.
  • Advanced Level of Proficiency with Excel, Powerpoint and Word.
Education/Requirements
BA/BS required; a concentration in real estate or finance preferred.
Leadership Requirements and Personal Traits:
The successful candidate must have the following personal and professional attributes which are consistent with the Company's stated values:
  • Thrive on change and continuous improvement;
  • Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;
  • Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;
  • Strive for effective communication that results in teamwork, shared knowledge, and ideas;
  • Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals;
  • Create an environment where people from diverse cultures and backgrounds work together effectively;
  • Be of unquestionable integrity, ethical and moral character;
  • Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;
  • Pursue lifelong learning and personal development.

Compensation and Benefits Package:

A competitive compensation and benefits package will be provided, including an attractive base salary, an annual target bonus opportunity based on the company's and the individual's performance.
Additionally, Allstate offers a diversity of competitive benefits programs and resources:
  • Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts;
  • Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability;
  • Retirement program and 401k;
  • Tuition reimbursements for further education opportunities;
  • Paid time off days.

Allstate Corporation is an Equal Opportunity Employer.

     
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