PGIM Real Estate Investment Associate Originations (New York City, NY) at Prudential Financial | New York | Rezi

PGIM Real Estate Investment Associate Originations (New York City, NY) at Prudential Financial

PGIM Real Estate Investment Associate Originations (New York City, NY)

Prudential Financial · New York

5 days ago

PGIM Real Estate Investment Associate Originations (New York City, NY)

Prudential Financial · New York

5 days ago
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About the Role

We are looking for an astute, determined professional to fulfill a critical Associate position supporting our Debt originations business with a focus on higher yielding bridge, construction, mezzanine, and preferred equity transactions.

Responsibilities

  • Analyze and underwrite commercial real estate debt investment opportunities across all property types with a focus on structured Debt originations including construction, mezzanine, and preferred equity structures.
  • Create cash flow models, Argus models, sensitivity tables, rent roll analyses, waterfall models, and other financial analyses required to evaluate, pursue, and close debt investment opportunities.
  • Prepare Investment Committee memoranda and related materials through market research, risk analysis, and in‐depth understanding of investment factors and credit risks.
  • Analyze economic, market, legal, and political conditions within an investment's geography.
  • Assist senior professionals in leading the due diligence and closing processes for originations in conjunction with portfolio management team.
  • Assist in loan level financings, appraisal review, and other activities that may require feedback from the debt originations or real estate transactions group, portfolio management team, or loan servicing group.

Requirements

  • Bachelor’s degree required in Finance, Real Estate, or related discipline.
  • 3 or more years commercial real estate work experience.
  • Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, expense recoveries, property types.
  • Understanding of basic finance concepts such as amortization, interest rates, net operating income, cash flow returns, cap rates, internal rate of return, present value/discounted cash flow, and property valuations.
  • Advanced knowledge of Microsoft Excel.
  • Strong quantitative skills and demonstrated analytical ability.
  • Ability to operate independently and in a team environment, with good judgement and attention to detail while managing multiple projects simultaneously.
  • Interact professionally with internal and external parties, including originations, transactions, risk, legal, developers, investment firms, borrowers, and third‐party service providers.
  • Self‐motivated with perseverance, and a hands‐on, proactive style.
  • Some travel is required.

Skills

  • Microsoft Excel
  • Argus Enterprise

Location

  • New York

Work Type

  • Hybrid

Experience Level

  • 3 or more years

Education Level

  • Bachelor’s degree

Salary/Compensations

  • $135,000 to $145,000

Benefits

  • 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).

About the Company

  • 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!
  • 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.

Equal Opportunity

  • 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.