PGIM Real Estate Senior Asset Manager Hybrid-Dallas TX
PGIM Real Estate Senior Asset Manager Hybrid-Dallas TX
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Job Description
Job Classification:
Investment Management Investment OperationsA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
Our Vision:
At PGIM we care about our employees and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.
What you will do:
PGIM Real Estate Loan Services is seeking a Senior Real Estate Asset Manager for CRE debt. This position will be in Dallas TX. The candidate will be responsible for independently managing a portfolio of complex commercial real estate loans within the CMBS and Prudentials Core institutional debt portfolios.
This team aims to be highly collaborative innovative highly organized and committed to providing exceptional service. They are based in Dallas Texas and are currently following a hybrid work model (onsite 23 times a week).
What you can expect:
- Credit Actions: Perform cash flow analysis market surveys document review and other due diligence necessary to produce prompt well written and supported case recommendations for complex borrower requests. Transactions involve collateral properties located throughout the US and Mexico. Borrower requests may include assumptions modifications partial releases property substitutions partial ownership transfers lease approvals easements reserve disbursements insurance losses and property management changes.
- Triggers: Ensure loan covenant compliance requirements are managed timely and effectively including initial input postclosing monitoring maintenance of collateral and debt service thresholds.
- Watch list: Provide written analysis identifying key trends and issues noting any corresponding mitigants. Recognize broad implications of process and take initiative to improve quality of reporting and early detection of issues. Possess the ability to discuss relevant issues and provide remedies.
- Create Efficiencies: Attention to accurate detail take initiative to continually improve the integrity of portfolio information and standardized reporting while ensuring the highest quality case recommendations and watchlist. Proactively identify and lead implementation of innovative and practical solutions.
What you will bring:
- Bachelors degree required preferably in Finance Real Estate or related discipline.
- 7 years of equivalent commercial real estate lending or asset management experience.
- Strong understanding of commercial loan documents with varying degree of complexity.
- Understanding of CMBS Subservicing and Pooling and Servicing Agreements
- Solid understanding of the life of a commercial loan (loan closing to disposition of asset).
- Excellent written and verbal communication skills.
- Excellent interpersonal and customer service skills are essential including the ability to create build and maintain relationships with internal and external parties.
- Proven analytical and problemsolving skills.
- Strong personal computer skills (Excel Word Outlook SharePoint Power BI etc.. with ability to quickly learn to work within proprietary systems.
- Strong organizational skills required with the ability to multitask work independently and as part of a team in a time sensitive environment where meeting established deadlines are critical.
- Candidate should have an open creative and innovative mindset
What Will Set You Apart
- CRE Industry certifications / designations (e.g. CCIM CMB CCMS)
*We know not everyone will meet 100 of the requirements however we encourage you to apply if you think your skills are a good fit for this role.
What we offer you:
- Medical dental vision life insurance and PTO (Paid Time Off)
- Retirement plans:
- 401(k) plan with generous company match (up to 4
- Companyfunded pension plan
- Wellness Programs to help you achieve your wellbeing goals including up to $1600 a year for reimbursement of items purchased to support personal wellbeing needs.
- Work/Life Resources to help support topics such as parenting housing senior care finances pets legal matters education emotional health and career development.
- Tuition Assistance to help finance traditional college enrollment approved degrees many accredited certificate programs and industry designations.
To find out more about our Total Reward package visit Work Life Balance Prudential Careers
About PGIM Real Estate
With $207.9 billion in gross assets under management and administration $133.8 billion net)1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity real estate debt agriculture and impact solutions across the riskreturn spectrum.
PGIM Real Estate is a business of PGIM the global asset management business of Prudential Financial Inc. NYSE: PRU. PGIM Real Estates risk management approach capabilities and industry insights are backed by a 50year legacy of investing in commercial real estate a 140year history of real estate financing2 and the local experience of professionals in 32 cities globally. Through its investment financing asset management and talent management approach PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.
What we offer you:
Market competitive base salaries with a yearly bonus potential at every level.
Medical dental vision life insurance disability insurance Paid Time Off (PTO) and leave of absences such as parental and military leave.
401(k) plan with company match (up to 4.
Companyfunded pension plan.
Wellness Programs including up to $1600 a year for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources to help support topics such as parenting housing senior care finances pets legal matters education emotional and mental health and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85 of the lower of two prices (Beginning or End of the purchase period) after one year of service.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime employees scheduled to work less than 20 hours per week.
Prudential Financial Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion national origin ancestry sex sexual orientation gender identity national origin genetics disability marital status age veteran status domestic partner status medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process please email .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
Manager
Employment Type
Full-Time
