PGIM Real Estate - Executive Director, Debt Originations at Prudential Ins Co of America

Posted in Real Estate 15 days ago.

Type: Full-Time
Location: New York City, New York





Job Description:

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 fill an Executive Director  position within our Originations team. You will showcase your success through collaboration, ownership, and innovation.

PGIM Real Estate’s Originations team engages in all aspects of the loan origination process. As an Executive Director, Originations, you would be directly responsible for sourcing and originating commercial real estate debt investments for our various investors. The expectation is that this person will assume direct originations responsibilities upon joining. We seek demonstrated experience successfully originating and negotiating commercial real estate loans as evidenced by a strong track record of closed loans over the past several years.  Possessing a book of business in the Northeast, in some capacity, is preferred.

What you can expect:


  • Responsible for sourcing (directly and through partnering internally) and originating commercial real estate debt investments for PGIM’s various investors.

  • Responsible for managing all aspects of the loan origination process, including analysis and underwriting, debt structuring, pricing strategy, presentations to senior management, due diligence review, transaction negotiation and closing.

  • Developing relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform.

What you will bring


  • 10+ years of experience in commercial real estate lending with proven experience originating loans

  • 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.

  • Demonstrated ability to be a team player

  • Bachelor's Degree in Finance, Real Estate, or a related field

  • Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.

  • Outstanding written and oral communication skills.

  • Ability to work both independently and as an integral member of a team.

  • Proficiency in MS Office applications (Excel, Word and PowerPoint)

What will set you apart


  • Possessing a book of business in the Northeast

  • Experience working with all real estate asset classes

  • MBA from a top program preferred, but candidates with additional lending experience will be given similar consideration.

  • Experience managing junior level talent

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $225,000 to $275,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards.

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

#LI-Hybrid

#LI-SC1

What 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.





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