PGIM Real Estate is the real estate investment business of PGIM Inc., the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $67.3 billion as of June 30, 2017.
PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, visit www.pgimrealestate.com.
There currently is an Investment Analyst position available in the Investment Risk Management Group for the Americas. The position is located in Madison, NJ, reporting to the Americas Chief Underwriter.
Duties & Responsibilities:
Under the direction of senior investment risk staff and US transactions senior management, assist in the facilitation of the US and Latin America Investment Committees, the deal allocation process, portfolio reviews, the watch list process, and strategic capital reporting.
Work closely with the Americas Chief Underwriter to conduct detailed reviews and underwriting of bi-weekly investment committee submissions, including financial models and underlying deal assumptions
Responsible for tracking and documenting investment decisions and deal allocations and production of the deal allocation report
Create and maintain a database of key investment assumptions across major property types and portfolios. Systematically analyze, monitor and compare underwriting to actual investment performance
Assist in the production of PGIM Strategic Capital reporting
Assist in the creation of specific agendas and questions for each PGIM portfolio as part of the semi-annual portfolio review process
Support process implementation and documentation/reporting of the Watch List for all PGIM Real Estate funds
Working with the regional transactions teams, assist in the maintenance of the Property Deals Database for the US and Latin America in order to capture the status of all acquisitions and dispositions in the regions
Work with the technology team to identify and resolve potential issues and to further develop system functionality
Assist in the fulfillment of requests from internal and external clients. Work closely with key stakeholders including: Portfolio Management, Asset Management, Transactions, Finance, Research and Systems to support PGIM Real Estate’s Investment Risk Management group
Serve as Secretary for the Latin American Investment Committee
As needed, assist on special projects, including investment restructuring or other mitigation measure
Bachelor's degree required, Finance or Real Estate strongly preferred
An ideal candidate would have at least one to two years of work experience in a related field
Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, recovery of expenses, property types
Understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow
Strong quantitative skills and demonstrated analytical ability
Strong written communication skills required
Computer proficiency with a strong working knowledge of Microsoft Excel and PowerPoint
Knowledge of Argus is a plus
Strong interpersonal/communication skill.
Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously