PGIM Real Estate - Senior Investment Associate, Debt Originations

Job Classification:

Investment Management - Investments

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’s Originations team engages in all aspects of the loan origination process. As a Senior Investment Associate on the Northeast Originations team, you would be responsible for helping to facilitate the originations of multifamily and commercial real estate debt investments for Prudential's wide variety of capital sources including general account, separate accounts, core plus debt fund, structured debt strategies, Fannie Mae, Freddie Mac, and FHA.

This person will join a fully integrated mortgage origination team responsible for $2.5 billion+ of annual production. The expectation is that the Senior Investment Associate will develop and leverage internal and external relationships in order to efficiently guide all transactions through the approval and closing process. The individual will assume a leadership role in assisting the team with the daily operations to include training and oversight for the team’s analysts which includes reviewing underwriting and case file/authorization packages.

 

What you can expect:

• Assist the team’s Loan Officers in all aspects of the loan origination and closing process, including analysis and underwriting, debt structuring, pricing strategy, creating presentations to senior management for pricing and loan authorization, due diligence review, transaction negotiation and closing.
• Involvement in all aspects of Core Plus transactions to include initial screening, underwriting, modeling, term sheet completion/negotiation, and compiling Investment Committee/loan authorization materials.
• Involvement and management of legal aspects of the loan origination/closing process.
• Assisting the team’s Loan Officers with market knowledge/expertise, i.e., become well versed in the region for which the team is responsible.
• Maintain responsibility for assisting the team’s analysts and associates with closing and due diligence review.
• Manage training and maintain oversight for the team’s analysts and associates.
• Interact with existing and prospective borrowers, intermediaries, industry peers and the legal community on deals.
• Develop internal relationships with the Credit and Portfolio Management teams. As well as external relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform to help facilitate the transaction process.
• Develop expertise in all PGIM systems necessary for the originations process, i.e., Salesforce, Omnia, Loan Connect, etc.

 

What you will bring:

• Bachelor's Degree and 5+ years of experience in commercial real estate lending
• A credit mindset and the ability to review, structure and underwrite loans to mitigate risks corresponding to the needs of PGIM’s various capital sources.
• Strong quantitative skills and demonstrated analytical ability.
• Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
•  Outstanding written, oral communication, and interpersonal skills.
• Ability to work both independently and as an integral member of a team.
• Proficiency in MS Office applications, (Excel, Word, and PowerPoint) required.
• Willingness to travel occasionally and attend industry events and conferences, required.
• Interact professionally with internal and external parties, including originations, transactions, risk, legal, developers, investment firms, borrowers, and third‐