PGIM Real Estate - Asset Manager, US Core+ Debt Fund (Hybrid)

Job Classification:Investment Management - Investment OperationsGLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs 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 DoPGIM Real Estate Loan Services is seeking an 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 BringAs an Asset Manager, you must have:• Bachelor’s degree preferably in Real Estate, Finance, Accounting, Economics or related discipline.• Minimum of 4 years related commercial real estate debt 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 goalsWhat 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.About PGIM Real EstateWith $206 billion in gross assets under management and administration ($132.5B net), 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 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.Our Commitment to Diversity, Equity, and InclusionPrudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We do not 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.#:I-HybridWhat we offer you:• Market competitive base salaries, with a yearly bonus potential at every level.• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.• 401(k) plan with company match (up to 4%).• Company-funded pension plan.• Wellness Programs 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 and mental health, and career development.• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.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.If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.