PGIM Real Estate Accounting Specialist

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profile Job Location:

Dallas, IA - USA

profile Monthly Salary: Not Disclosed
Posted on: 22 hours ago
Vacancies: 1 Vacancy

Job Summary

Job Classification:

Finance & Accounting - Finance & Accounting


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:

The PGIM Real Estate Loan Servicing business has an immediate opportunity within the accounting division at their Dallas location. PGIM Real Estate is seeking a Senior Accountant to join its Agency Accounting Team. You will be responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e. borrower deposit rate lock funding and loan settlement) as well as maintaining the associated cash logs. Other related responsibilities include accounting for Mortgage Servicing Rights (MSRs) analytics (e.g. Revenue schedules and Goal Posts) PASS account reconciliations (Prudentials system for assuring materially correct Balance Sheet account balances) Loan Fee accounting debt (to fund loans) tracking and creation of robust policies and procedures.

The ideal candidate will be collaborative initiative-taking and work well within a fast-paced challenging environment. They will take ownership of their work and accountability for driving positive business outcomes.

This position is based out of our Dallas TX office. Our organization follows a hybrid work structure whereemployees work remotely and from the office. You are expected to be in the Dallas office three times a week.

What you can expect:

  • Prepare Agency cash logs and corresponding journal entries.
  • Prepare bank account reconciliations.
  • Prepare closing wires and reconcile borrowers deposits through Loan Fee Accounting.
  • Prepare mortgage loan accounting entries (including preparation of and maintaining the Agency Mortgage Loan Master Files which track loans at rate lock funding and settlement).
  • Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries.
  • Obtaining a solid understanding of the business to perform effective analytics (e.g. Revenue Schedules and Goal Posts).
  • Prepare Balance Sheet reconciliations and identify and institute account reconciliation efficiencies where warranted in support of proper PASS account sign-off.
  • Effectively partner across the organization with Investor Reporting Investor Operations Servicing Asset Management Portfolio Management Controllers Financial Reporting and IT to ensure effective communications across the platform.
  • Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis.

What you will bring:

  • Bachelors degree and 2 years of relevant accounting experience
  • Solid understanding of GAAP accounting principles.
  • Strong accounting research and analytical skills.
  • Ability to drive process improvement.
  • Strong technical skills including advanced knowledge of Excel.
  • Strong interpersonal communication and partnering skills.
  • Willingness to work extended hours and the ability to support other internal groups as needed.
  • Exceptional Microsoft Office skills (Excel Word)
  • The candidate should have the ability to multitask self-motivate and prioritize work effectively in a face paced environment. They should enjoy problem solving and collaborating in a team environment.

What will set you apart:

  • Public accounting firm experience / CPA / MBA a plus
  • Experience in commercial real estate Financial Services or Asset Management industry.
  • Real Estate industry knowledge of debt/equity terms and financial application
  • Experience with SQL Oracle GL systems.

*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:

IC

Job Classification:Finance & Accounting - Finance & AccountingGLOBAL 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 milli...
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