PGIM Real Estate Senior Asset Manager

PGIM

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profile Job Location:

Dallas, IA - USA

profile Monthly Salary: Not Disclosed
Posted on: 7 hours ago
Vacancies: 1 Vacancy

Job Summary

Job Classification:

Investment Management - Investments


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 Estate Loan Services is seeking a Senior Asset Manager to join its FHA team. The candidate will be responsible for independently managing a complex portfolio of FHA commercial real estate loans with minimal supervision. The candidate must possess excellent writing analytical and credit skills to assess and manage risk and produce decisive credit action recommendations. The candidate must also analyze and articulate watchlist comments and ensure loan covenant compliance. With little supervision the candidate must provide superior customer service create efficiencies and promote trust. The candidate shall possess good common sense sound business judgment and will be dependable demonstrating a high level of integrity. The candidate may be asked to guide and mentor junior asset managers in risk assessment loan management and documentation.

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. Borrower requests may include assumptions modifications partial releases property substitutions partial ownership transfers lease approvals easements reserve disbursements insurance losses and property management & operator changes.
  • Triggers: Ensure loan covenant compliance requirements are managed timely and effectively including initial input post-closing 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.
  • Collaboration: Coordinates and works alongside loan originators external counsel government agency personnel loan closers peers and third party vendors.

What you will bring:

  • Bachelors degree required preferably in Finance Real Estate or related discipline.
  • Strong understanding of commercial loan documents with varying degree of complexity.
  • Solid understanding of the life of a commercial loan (loan closing to disposition of asset).
  • Excellent written and verbal communication skills tailored to specific audiences
  • 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 problem-solving 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 multi-task 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:

  • 7 years of equivalent commercial real estate lending or asset management experience.
  • Leadership mindset with the ability to take ownership and lead projects and/or efforts through various individual contributions across teams
  • Strong ability to manage competing priorities

*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.

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 .

PGIM Real Estate Loan Services (PRELS) is a subsidiary of PGIM Real Estate and one of the largest commercial and multifamily mortgage servicing firms in the nation. PRELS has 145 dedicated professionals across the globe who service commercial multifamily and agriculture loans for multiple clients including a large life insurance company global institutional investors and agencies. Current Assets Under Management / Administration is $109 Billion for over 4700 core and higher yielding loans in twelve countries located on three continents.

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:

Manager

Job Classification:Investment Management - InvestmentsGLOBAL 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 and ...
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Key Skills

  • Microsoft Office
  • Portfolio Management
  • Microsoft Word
  • Asset Management
  • Yardi
  • Microsoft Excel
  • Administrative Experience
  • DocuSign
  • Property Management
  • negotiation
  • Contracts
  • Google Suite