Prudential Annuities Distributors (PAD)
Asset Manager - PGIM Real Estate
Prudential Annuities Distributors (PAD), Dallas, Texas, United States, 75215
Overview
Asset Manager - PGIM Real Estate (Finance) GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we're dedicated to improving financial services and making a meaningful impact. We value talent, respect, and collaboration. Join PGIM to grow your skills and advance your profession at one of the world's leading global asset managers. If you challenge the status quo, you can be part of a team investing in your future by shaping tomorrow today. At PGIM, You Can! What you will do: PRELS is seeking a dynamic and driven individual to enhance our Agency Asset Management team as an Asset Manager. The role covers monitoring asset performance, underwriting credit requests, and monthly reporting, offering a path to develop a diverse skill set in agency asset management, finance, credit analysis, and presentation. What you can expect
Independently oversee a portfolio of Fannie Mae and/or Freddie Mac multifamily loans secured by properties located throughout the U.S. Evaluate requests from borrowers on existing loans, recommend lender credit decisions and facilitate transactions such as transfers of ownership, modifications, partial releases, property substitutions, lease approvals, easements, reserve disbursements, casualty losses, and property management changes. Engage in frequent verbal and written communication with borrowers, legal counsel, loan officers, Agencies, master servicers, and investors. Perform cash flow analysis, market assessments, and due diligence to produce well-supported case recommendations for complex borrower requests. Analyze historical operating trends and identify potential risk areas with multifamily loans and collateral properties. Provide written analysis with key trends, issues, and mitigants. Manage multiple monthly and quarterly portfolio processes including watchlist review and analysis, new loan setup review, covenant monitoring, delinquency monitoring, maturity management, and assist surveillance associates with financial statement collection and analysis. Conduct property inspections and prepare detailed reports assessing physical condition, loan term compliance, and overall property management. Review third-party inspection reports accordingly. Improve portfolio information accuracy and meet capital source reporting deadlines. Build synergies with internal and external groups to enhance efficiency and transparency. Lead implementation of innovative and practical solutions. Achieve ongoing training and industry participation targets. Provide support for special projects at PRELS and within the Agency Asset Management team. What you will bring
2-3 years of experience in asset management/commercial multifamily lending Familiarity with commercial real estate lending products/terms, loan documents and servicing requirements Ability to work effectively in a team and assist other team members Initiative-taking, self-starter with a strong sense of urgency Strategically minded with analytical and problem-solving skills Outstanding customer service skills, including building and maintaining relationships with internal and external clients Strong organizational skills and attention to detail with ability to manage multiple projects and prioritize deadlines Demonstrated technical writing capability Proficiency in Microsoft Office and industry-related software Ability to travel occasionally for property inspections and industry events Comfortable working in a hybrid environment (on-site 3 times a week) What Will Set You Apart
Bachelor's or graduate degree in Real Estate, Business, Finance, Economics, Mathematics, or related discipline Asset management experience with Fannie Mae Multifamily, Freddie Mac Multifamily, or CMBS loans Familiarity with Freddie Mac Multifamily Seller/Servicer Guide, Fannie Mae Multifamily Selling and Servicing Guide, Subservicing Agreements, and Pooling and Servicing Agreements Qualified inspector for Fannie Mae and Freddie Mac multifamily properties MBA Commercial Certified Mortgage Servicing Level II Certificate Enhanced software competencies including advanced Excel, Power BI, and web-based servicing 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), 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 Estate's risk management approach, execution capabilities, and industry insights are backed by a 50-year legacy of investing in commercial real estate and a 140-year history of real estate financing. 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 strengthening communities worldwide. For more information visit pgimrealestate.com. 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, with 145 dedicated professionals serving multiple clients including a large life insurance company, global institutional investors, and agencies. Current Assets Under Management / Administration is $109 Billion for over 4,700 core and higher yielding loans in twelve countries located on three continents. #LI-SC1 #LI-Hybrid 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 $1,600 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 depends on various factors including individual and organizational performance. To learn more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some 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. 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, 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 accommodations.hw@prudential.com. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
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Asset Manager - PGIM Real Estate (Finance) GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we're dedicated to improving financial services and making a meaningful impact. We value talent, respect, and collaboration. Join PGIM to grow your skills and advance your profession at one of the world's leading global asset managers. If you challenge the status quo, you can be part of a team investing in your future by shaping tomorrow today. At PGIM, You Can! What you will do: PRELS is seeking a dynamic and driven individual to enhance our Agency Asset Management team as an Asset Manager. The role covers monitoring asset performance, underwriting credit requests, and monthly reporting, offering a path to develop a diverse skill set in agency asset management, finance, credit analysis, and presentation. What you can expect
Independently oversee a portfolio of Fannie Mae and/or Freddie Mac multifamily loans secured by properties located throughout the U.S. Evaluate requests from borrowers on existing loans, recommend lender credit decisions and facilitate transactions such as transfers of ownership, modifications, partial releases, property substitutions, lease approvals, easements, reserve disbursements, casualty losses, and property management changes. Engage in frequent verbal and written communication with borrowers, legal counsel, loan officers, Agencies, master servicers, and investors. Perform cash flow analysis, market assessments, and due diligence to produce well-supported case recommendations for complex borrower requests. Analyze historical operating trends and identify potential risk areas with multifamily loans and collateral properties. Provide written analysis with key trends, issues, and mitigants. Manage multiple monthly and quarterly portfolio processes including watchlist review and analysis, new loan setup review, covenant monitoring, delinquency monitoring, maturity management, and assist surveillance associates with financial statement collection and analysis. Conduct property inspections and prepare detailed reports assessing physical condition, loan term compliance, and overall property management. Review third-party inspection reports accordingly. Improve portfolio information accuracy and meet capital source reporting deadlines. Build synergies with internal and external groups to enhance efficiency and transparency. Lead implementation of innovative and practical solutions. Achieve ongoing training and industry participation targets. Provide support for special projects at PRELS and within the Agency Asset Management team. What you will bring
2-3 years of experience in asset management/commercial multifamily lending Familiarity with commercial real estate lending products/terms, loan documents and servicing requirements Ability to work effectively in a team and assist other team members Initiative-taking, self-starter with a strong sense of urgency Strategically minded with analytical and problem-solving skills Outstanding customer service skills, including building and maintaining relationships with internal and external clients Strong organizational skills and attention to detail with ability to manage multiple projects and prioritize deadlines Demonstrated technical writing capability Proficiency in Microsoft Office and industry-related software Ability to travel occasionally for property inspections and industry events Comfortable working in a hybrid environment (on-site 3 times a week) What Will Set You Apart
Bachelor's or graduate degree in Real Estate, Business, Finance, Economics, Mathematics, or related discipline Asset management experience with Fannie Mae Multifamily, Freddie Mac Multifamily, or CMBS loans Familiarity with Freddie Mac Multifamily Seller/Servicer Guide, Fannie Mae Multifamily Selling and Servicing Guide, Subservicing Agreements, and Pooling and Servicing Agreements Qualified inspector for Fannie Mae and Freddie Mac multifamily properties MBA Commercial Certified Mortgage Servicing Level II Certificate Enhanced software competencies including advanced Excel, Power BI, and web-based servicing 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), 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 Estate's risk management approach, execution capabilities, and industry insights are backed by a 50-year legacy of investing in commercial real estate and a 140-year history of real estate financing. 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 strengthening communities worldwide. For more information visit pgimrealestate.com. 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, with 145 dedicated professionals serving multiple clients including a large life insurance company, global institutional investors, and agencies. Current Assets Under Management / Administration is $109 Billion for over 4,700 core and higher yielding loans in twelve countries located on three continents. #LI-SC1 #LI-Hybrid 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 $1,600 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 depends on various factors including individual and organizational performance. To learn more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some 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. 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, 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 accommodations.hw@prudential.com. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
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