PGIM Real Estate | Asset Manager, Fannie Mae at Prudential Ins Co of America in Dallas, Texas

Job Description:

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

As one of the largest real estate managers in the world with more than $180 billion in gross assets under management and administration, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you’ll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

Our Role:

PGIM Real Estate Loan Services (“RELS”) is a subsidiary of PGIM Real Estate (“PGIM RE”) and one of the largest commercial and multifamily mortgage servicing firms in the nation.  Assets under management include Fannie Mae, Freddie Mac, CMBS, FHA, insurance company general account loans and other third-party investors.  The Company is a rated Primary, Master and Special Servicer.  PGIM RE is a diversified mortgage lender with a 125-year commitment to the commercial real estate market and an expanding global reach.

RELS is seeking an Asset Manager to join its Fannie Mae team.  The candidate will be responsible for independently managing a complex portfolio of primarily Fannie Mae commercial real estate loans with minimal supervision.  The candidate shall possess excellent writing skills, be detail oriented and focused on accuracy, strong credit skills to assess and manage risk, produce decisive credit action recommendations, analyze and articulate watchlist comments, ensure loan covenant compliance, and assist in maturity management.  The candidate must provide superior customer service, create efficiencies and promote trust. The candidate shall possess good common sense, a sense of urgency, sound business judgment and will be dependable demonstrating an elevated level of integrity.

Your Impact:

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  Credit Actions:  Perform cash flow analysis, market surveys, document review and other due diligence necessary to produce prompt, well written and supported case recommendations for complex borrower requests.  Transactions will be associated with the Fannie Mae capital source with varied debt structures and include loans located throughout the US.  Borrower requests may include assumptions, modifications, partial releases, property substitutions, partial ownership transfers, lease approvals, easements, reserve disbursements, insurance losses, and property management changes.


• 
  Triggers:  Ensure loan covenant compliance requirements are managed timely and effectively including initial input, post closing monitoring, maintenance of collateral, and debt service thresholds.


• 
  Watchlist:  Provide written analysis identifying key trends and issues noting any corresponding mitigants. Take initiative to improve quality of reporting and early detection of issues. Possess the ability to identify loans for addition or removal from the watchlist and to concisely communicate relevant issues, remedies and mitigants with management.


• 
  Create Efficiencies: Attention to accurate detail, take initiative to continually improve the integrity of portfolio information and standardized reporting while ensuring the highest quality work product.  Build synergies with both internal and external groups such as originations, legal, compliance, servicing, accounting, Fannie Mae, and third-party vendors to create efficiencies and transparency. Proactively identifies and leads implementation of innovative and practical solutions.

Your Required Skills:

• Bachelor’s degree required, preferably in Finance, Real Estate or related discipline.


• 3-5 years of equivalent commercial real estate asset management or lending experience.


• Strong understanding of commercial loan documents with varying degree of complexity.


• Understanding of the Fannie Mae Multifamily Selling and Servicing Guide.


• Efficiently utilize proprietary technology and be flexible and adapt to consistent change.


• Solid understanding of the life of a commercial loan (loan closing to disposition of asset).


• Excellent written and verbal communication skills.


• Excellent interpersonal and customer service skills including the ability to create/build and maintain relationships with internal and external parties.


• Proven analytical and problem-solving skills.


• Excellent organizational skills are required (e.g. multitask in a time sensitive environment).


• Personal computer skills (Excel, Word, Outlook, etc.).

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.