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The Allstate Corporation

Analyst I

Position Title

Analyst I: Real Estate Investment Group

Reporting To

Portfolio Manager: Real Estate Investment Group

Corporate Profile

The Allstate Corporation
Northbrook, IL

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

Area of Responsibility

We are seeking an analyst to support the underwriting, analysis and execution of direct real estate acquisitions for Allstate’s investment portfolio.  The properties will be diverse in terms of property type, including office, warehouse/distribution, retail and multifamily and geographic dispersion nationwide. Third party Investment Advisors will be the primary source for investment opportunities. The position is based in Allstate’s corporate headquarters in Northbrook, IL and the person will report to a Portfolio Manager in the Real Estate Equity Group.

In alignment with corporate goals, specific responsibilities for the Analyst I will include:

• Support the underwriting, analysis and execution of direct real estate acquisitions for Allstate’s investment portfolio.
• Identify strengths and weaknesses of proposed transactions.
• Assist in preparation of internal presentations and memoranda required for screening potential acquisitions.
• Assist in the presentation of clear and concise verbal and written recommendation of transactions in the investment committee setting, including Investment Memorandum, Powerpoint decks, cash flow forecasts and valuation models.
• Coordination of the closing of related transactions including extensive interaction with internal Allstate groups including Investment Operations/Accounting, legal, and the Real Estate Investment Group and external groups including outside counsel and Investment Advisors.
• Participate in conference calls and meetings with Investment Advisor personnel to discuss deal pipeline and current transactions.
• Stay informed of current industry and market trends.
• Assist in the development, and ongoing production, of internal quarterly performance reviews on the separate account portfolio working closely with Investment Operations/Accounting.
• Assist in special projects from time to time that support the Portfolio Manager or other members of the team.
• Limited travel will be required

Experience required:

The successful candidate will have a minimum of 5 – 7 years experience in the field of commercial real estate analysis with at least 5 years direct experience in real estate acquisitions is required.

• Ability to assess, underwrite and value an array of commercial real estate investments, including office, warehouse, retail and multifamily via direct cap and discounted cash flow approaches.
• Advanced Excel and Argus experience, strong analytical and financial modeling skills.
• Superior analytical skills, with an emphasis on the ability to translate analytical observations into justifiable conclusions.
• Detail oriented with a commitment to high quality work product.
• Ability to think independently and present view point in a thoughtful and professional manner.
• Strong organizational skills – ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment.
• Excellent verbal and written communication skills - ability to interact effectively and professionally with a wide variety of internal parties (managers, analysts, servicing, accounting, etc.), plus ability to independently prepare internal approval memos and other transaction file documentation materials.
• Computer proficiency in Advance ARGUS and Microsoft Office Suite required.

Education:

• A bachelor’s degree is required in Real Estate or Finance; an MBA or CFA is a plus.

Contact:

Ozzie Meza
omeza@allstate.com