Job Description:

Job Classification:

Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re 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, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

PGIM Real Estate Loan Services is seeking an Asset Manager to join its Agency Asset Management team.  This role encompasses the monitoring of asset performance, underwriting credit requests, and monthly reporting. It presents a unique opportunity to acquire and hone a diverse skill set in agency asset management, finance, credit analysis, and presentation.

The Agency Asset Management team is highly collaborative and committed to outstanding client service. The ideal candidate is strategically minded with excellent analytical and problem-solving skills. They would consider themselves a self-starter with a strong sense of urgency.

This team is based in Dallas, Texas and are currently working on-site 3 times a week.

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 areas of risk associated with multifamily loans and collateral properties. Provide written analysis identifying key trends and issues, along with corresponding 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, compliance with loan terms, and overall property management. Review third-party inspection reports to assess the same.


• Take initiative to continually improve the integrity of portfolio information with attention to accurate detail and meet capital source reporting deadlines.  Build synergies with both internal and external groups (loan originations, legal, compliance, servicing, accounting, Fannie Mae, Freddie Mac, Master Servicers and third-party vendors) to enhance efficiency and transparency. Proactively identify and lead the 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

• 3+ years of proven experience as an Asset Manager in a similar role.


• Familiarity with commercial real estate lending products/terms, loan documents and servicing requirements.


• Demonstrated technical writing capability.


• Proficiency in Microsoft Office and other industry-related software.


• Ability to travel occasionally for property inspections and industry events..


• Strong organizational skills and attention to detail with ability to manage multiple projects and prioritize work based on established deadlines.


• Outstanding customer service skills are essential, including the ability to create/build and maintain relationships with internal and external clients.

What Will Set You Apart:

• Bachelor’s 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 the requirements of the Freddie Mac or Fannie Mae Multifamily Selling and Servicing Guides, Subservicing Agreements and Pooling and Servicing Agreements.


• Qualified inspector for Fannie Mae and Freddie Mac multifamily properties.


• Enhanced software competencies including advanced Excel, Power BI, and web-based servicing systems.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)


• Retirement plans:


• 401(k) plan with generous company match (up to 4%)


• Company-funded pension plan


• 
  Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.


• 
  Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers

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 Estate’s 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 financing,2 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 pgimrealestate.com.

Our Commitment to Diversity, Equity, and Inclusion

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

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#LI-Hybrid

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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