PGIM Real Estate - Senior Asset Manager (High Yield)

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 a High Yield Senior Asset Manager. You will be part of a team responsible for supporting portfolio and asset managers across the US Core+ Debt Fund, various single client institutional accounts, as well as a high yield general account platform.

You will manage a short-term, leveraged portfolio of bridge, pre-stabilized, transitional mortgage loans, mezzanine loans, ground-up construction, and preferred equity transactions.

This team aims to be highly collaborative, innovative, highly organized, and committed to providing exceptional service to our customers.

They are based in Dallas, Texas and are currently following a hybrid work model (on-site 2-3 times a week).

What you can expect

• Monitoring business plans across multiple property types to ensure timely execution of the defined exit strategy.
• Compile and review monthly performance figures for each property in the portfolio in the team’s monthly / quarterly reporting workbook.
• Collecting, analyzing, documenting, and submitting borrower request packages (credit actions) to Team Manager / Portfolio Management for approval.

Credit actions to include (but not limited to) : advance (future funding) or reserve disbursements related to construction, capex, TI / LC, debt shortfalls, etc.

lease approvals; budget reviews; modifications; extensions; partial releases; ownership transfers; SNDA’s; easement requests;

property management changes; assumptions; etc.

• Reviewing loan performance and work with Team Manager regarding loans that should be placed on watchlist. Update watchlist information, proactively monitor property operating performance and trends and report findings based on PGIM RE guidelines.
• Maintaining and fostering relationships with borrowers, intermediaries, investors, and the originations teams.
• Collaborate with internal and external stakeholders to appropriately manage the portfolio’s leverage.
• Adhere to loan documents, servicing agreements and any other governing documents when performing all responsibilities.

What you will bring

As a Sr. Asset Manager, you must have :

• Bachelor’s degree preferably in Real Estate, Finance, Accounting, Economics or related discipline, and minimum of 7+ years related commercial real estate asset management experience or equivalent combination of education and experience.
• Strong customer service skills with the ability to communicate clearly with all clients and stakeholders in a hybrid and virtual team environment.
• Strong organizational skills required with the ability to multi-task, work independently and as part of a team in a time sensitive environment where meeting established deadlines are critical.
• Proficiency in analyzing property business plans, generating, and calibrating financial models, and applying critical thinking skills across all property types, structures, risk profiles, and geographies.
• Eagerness to collaborate with team members to achieve common teamwide goals

What will set you apart

• Strong interpersonal / customer service skills essential with the ability to create / build and maintain relations with internal and external parties.
• Knowledge of structured commercial real estate lending products and applicable servicing requirements.
• Experience managing ground up construction and value add business plans.
• Ability to make recommendations to multiple portfolio managers with different return strategies.
• Proficiency in Excel, including pivot tables and advanced modeling capabilities, and Power BI.
• Prior experience with review of legal & loan documentation.
• Self-starter / motivated and detail oriented.
• 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.
9 days ago