PGIM Real Estate Loan Services | Senior Asset Manager, FHA at Prudential Ins Co of America in Dallas, Texas

Posted in Admin - Clerical 30+ days ago.

Type: Full-Time





Job Description:

Job Classification:

Investment Management - Investment Operations

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:

PGIM Real Estate Loan Services, Inc. is a subsidiary of PGIM Real Estate, one of the largest commercial and multifamily mortgage servicing firms in the nation. Loan Services has 145 dedicated professionals across the globe who service commercial, multifamily, and agriculture loans for multiple clients including a large life insurance company, global institutional investors, and agencies. Current Assets Under Management / Administration is $109 Billion for over 4,700 core and higher yielding loans in twelve countries located on three continents.

Our Role:

PGIM Real Estate Loan Services is seeking a Senior Asset Manager to join its FHA team.  The candidate will be responsible for independently managing a complex portfolio of FHA commercial real estate loans with minimal supervision.   The candidate must possess excellent writing, analytical and credit skills to assess and manage risk and produce decisive credit action recommendations. The candidate must also analyze and articulate watchlist comments and ensure loan covenant compliance.  With little supervision, the candidate must provide superior customer service, create efficiencies, and promote trust. The candidate shall possess good common sense, sound business judgment and will be dependable demonstrating a high level of integrity.  The candidate may be asked to guide and mentor junior asset managers in risk assessment, loan management and documentation. 

Your Impact:



  • 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 involve collateral properties 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 & operator 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.


  • Watch list:  Provide written analysis identifying key trends and issues noting any corresponding mitigants. Recognize broad implications of process and take initiative to improve quality of reporting and early detection of issues. Possess the ability to discuss relevant issues and provide remedies.


  • Create Efficiencies: Attention to accurate detail, take initiative to continually improve the integrity of portfolio information and standardized reporting while ensuring the highest quality case recommendations and watchlist. Proactively identify and lead implementation of innovative and practical solutions. 
     

Your Required Skills:


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

  • 10+ years of equivalent commercial real estate lending or asset management experience.

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

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

Your Desired Skills:


  • Excellent written and verbal communication skills.

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

  • Proven analytical and problem-solving skills.

  • Strong personal computer skills (Excel, Word, Outlook, Sharepoint, Power BI, etc.). with ability to quickly learn to work within proprietary systems.

  • 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.

  • Candidate should have an open, creative and innovative mindset.

Our Culture:

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t 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 utilize the internal “Skills Accelerator” to hone their skills and explore the opportunities available to them within Prudential.

-

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.





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