Job Description:

Job Classification:

Finance & Accounting - Finance & Accounting

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

As one of the largest real estate managers in the world with more than $180 billion in gross assets under management and administration, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you’ll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

PGIM Real Estate is actively seeking a highly motivated candidate to join its Agency Accounting team as an Accounting Specialist.  This position is based in PGIM Real Estates Loan Services’ operations

located in Dallas, Texas. 

The position is 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 (MSR’s), analytics (e.g., Revenue schedules and “Goal Posts”), PASS account reconciliations (Prudential’s system for assuring materially correct Balance Sheet account balances), Agency state tax apportionment, Loan Fee accounting, debt (to fund loans) tracking, and creation of robust Policies and Procedures. 

This role reports to a Director/Manager and will require working closely and partnering with members of Investor Reporting, Investor Operations, Servicing & Asset Management teams, based in our Dallas office, and will also partner with PGIM Controllers and Finance Shared Services (FSS) teams based in New Jersey.

Job Responsibilities

• Prepare Agency cash logs and corresponding journal entries.




• Prepare closing wires and reconcile borrower’s 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 in order 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.




• Support Investor Reporting on an as needed basis.

Qualifications

• Bachelor’s degree in accounting or Finance preferred but will consider candidates with proven experience in accounting, financial reporting, and analysis.




• 3 years of relevant work experience (2 years’ experience working for public accounting firm)




• Public accounting firm experience / CPA / MBA a plus but not required.




• Solid understanding of GAAP accounting principles.




• Strong accounting, research, and analytical skills.




• Mortgage Loan, Asset Management or Finance industry experience a plus.




• Self-motivated and proactive (i.e., proactively assumes ownership of assigned tasks).




• Ability to work independently and as part of a team.




• Ability to drive process improvement.




• Strong computer skills (a firm working knowledge of Excel (required) and Prudential Financial systems applications a plus), along with knowledge and use of Oracle GL systems a plus.




• Strong interpersonal, communication and partnering skills.




• Ability to work in a fast-paced, challenging environment.




• Positive “can-do” attitude.




• Ability and willingness to work extended hours during peak reporting periods and as needed for ad hoc projects / requests




• Ability and willingness to be flexible regarding work assignments (e.g., ad hoc requests and assisting the Investor Reporting team as needed)

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  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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