PGIM, Investment Associate, Originations (New York City, NY)

PGIM

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profile Job Location:

New York City, NY - USA

profile Monthly Salary: $ 135000 - 145000
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!

If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.

At PGIM You Can!

What you will do

PGIM Real Estates Originations team engages in all aspects of the loan origination process. As an Investment Associate on the Northeast Originations team you would be responsible for helping to facilitate the originations of multifamily and commercial real estate debt investments for Prudentials wide variety of capital sources including the general account separate accounts core plus debt fund structured debt strategies Fannie Mae Freddie Mac and FHA.

This person will join a fully integrated mortgage origination team responsible for $2.5 billion of annual production. The expectation is that the Investment Associate will develop and leverage internal and external relationships in order to efficiently guide all transactions through the approval and closing process. The individual will assume a leadership role in assisting the team with the daily operations to include training and oversight for the teams analysts which includes reviewing underwriting and case file/authorization packages.

What you can expect

  • Assist the teams Loan Officers in all aspects of the loan origination and closing process including analysis and underwriting debt structuring pricing strategy creating presentations to senior management for pricing and loan authorization due diligence review transaction negotiation and closing.
  • Involvement in all aspects of Core Plus transactions to include initial screening underwriting modeling term sheet completion/negotiation and compiling Investment Committee/loan authorization materials.
  • Involvement and management of legal aspects of the loan origination/closing process.
  • Assisting the teams Loan Officers with market knowledge/expertise i.e. become well versed in the region for which the team is responsible.
  • Maintain responsibility for assisting the teams analysts and associates with closing and due diligence review.
  • Manage training and maintain oversight for the teams analysts and associates.
  • Interact with existing and prospective borrowers intermediaries industry peers and the legal community on deals.
  • Develop internal relationships with the Credit and Portfolio Management teams. As well as external relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform to help facilitate the transaction process.
  • Develop expertise in all PGIM systems necessary for the originations process i.e. Salesforce Omnia Loan Connect etc.

What you will bring

  • Bachelors Degree and 3 or more years of experience in commercial real estate lending.
  • A credit mindset and the ability to review structure and underwrite loans to mitigate risks corresponding to the needs of PGIMs various capital sources.
  • Strong quantitative skills and demonstrated analytical ability.
  • Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
  • Outstanding written oral communication and interpersonal skills.
  • Ability to work both independently and as an integral member of a team.
  • Proficiency in MS Office applications (Excel Word and PowerPoint) required.
  • Willingness to travel occasionally and attend industry events and conferences required.
  • Interact professionally with internal and external parties including originations transactions risk legal developers investment firms borrowers and thirdparty service providers.
  • Demonstrated leadership experience with the ability.

What will set you apart

  • Experience working with all real estate asset classes.
  • Experience using Argus Enterprise
  • Selfmotivated with perseverance and a handson proactive style.
  • MBA from a top program preferred but candidates with additional lending experience will be given similar consideration.

*PGIM welcomes all applicants even if you dont meet every requirement. If your skills align with the role we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $135000 to $145000. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills. Roles may also be eligible for additional compensation and/or benefits.

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 risk-return 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 execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate a 140-year 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 .

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%).

  • Company-funded 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 part-time 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:

IC

Job Classification:Investment Management - InvestmentsA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions an...
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