PGIM Real Estate - Sr. Investment Analyst, Debt Originations
About the position 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.
Responsibilities
- Analyze and underwrite commercial real estate debt investment opportunities across all commercial property types with a focus in the Western US.
- Create cash flow models, Argus models, sensitivity tables, rent roll analyses, 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 investment professionals in leading the due diligence and closing processes for originations in conjunction with the portfolio management team.
- Assist in property level financings, appraisal reviews, and other activities that may require feedback from the debt originations or real estate transactions group, portfolio management team, or loan servicing group.
- Interact professionally with internal and external parties, including originations, risk, legal, developers, investment firms, borrowers, and third-party service providers.
Requirements
- Bachelor's degree and 1-3 years commercial real estate work experience in transactions or underwriting.
- Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, expense recoveries, and 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 and Argus.
- Experience underwriting stabilized and proforma cash flows across property types. Nice-to-haves
- Strong writing and quantitative skills and demonstrated analytical ability.
- Ability to operate independently and in a team environment, with good judgment and attention to detail while managing multiple projects simultaneously.
- Self-motivated with perseverance, and a hands-on, proactive style.
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), after one year of service. Apply tot his job
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