PGIM Real Estate –Investment Analyst (Hybrid-San Francisco, CA)

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

We are looking for an astute, determined professional like you to fulfill an Analyst level position within our Asset Management function based out of our San Francisco Office, covering a large portfolio of Industrial Assets located in the western United States across various stages of the investment cycle. You will showcase your success through collaboration, ownership and innovation.

Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place.

What you can expect

• Work directly with a senior asset manager and a team on a portfolio of industrial investments.
• Provide general asset management and direction for a portfolio of industrial assets across varying Fund risk spectrums including pre-development and development assets. 
• Maintain frequent contact with property managers, operating/development partners and leasing brokers.
• Review periodic property reports and track operating performance. Prepare regular updates summarizing results and respond to information requests.
• Assist and participate in the evaluation and negotiation of common real estate contracts, including leases, loan documents, development service agreements, and property management/leasing agreements Utilize Excel, Argus, and Word to prepare analyses of various investment decisions - including hold/sell, leasing, and financing scenarios.
• Review quarterly appraisals for factual accuracy and consistency with other similar properties.
• Oversee and assist in the budget process and preparation of the annual strategic plan for each property.
• Prepare and/or review periodic internal reports and respond to information requests from the Portfolio Management team.
• Work collaboratively with the transaction team for both the acquisition and disposition of properties.
• Monitor construction process on development investments in coordination with consultants to ensure quality of construction. Review draw schedules for properties under development.

What you will bring

• Bachelor’s degree required; emphasis in real estate or finance preferred.
• Basic understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements, development agreements and loan agreements.
• Understanding of basic real estate terms and concepts such as net leases, gross leases, rents, operating expenses, capital expenditures, recovery of expenses, and basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.
• Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.
• Awareness of ESG, proptech, and data initiatives.
• Strong interpersonal/communication skills (oral & writing); ability to develop and ask questions, negotiate acceptable terms with third parties and to make presentations to senior management, investment committee or clients, when necessary.
• Capability of simultaneously handling multiple assignments and to direct and monitor the activities of others on a systematic basis.
• Ability to use financial and valuation software including Argus, Word and Excel

*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)