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We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day to Day:
You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. Your placement within PGIM Real Estate will be in one of the following areas:
PGIM Real Estate Equity Business
- Acquisitions (Transactions) – Acquisitions analysts will be a part of a small team responsible for the sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all PGIM Real Estate’s portfolios. Build cash flow and waterfall models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, and other financial analyses required to evaluate, pursue, and explain acquisition/development opportunities.
- Asset Management – Collaborate with partners, consultants, property managers and leasing brokers to manage a portfolio of operating assets, development projects, and/or repositioning projects across the risk spectrum. Drive asset performance through the execution of leasing, operational, financing, and disposition strategies.
PGIM Real Estate Debt Business
- Originations – Assist investment professionals in analyzing and securing loans. Responsible for all phases of evaluating new investment opportunities including cash flow modeling, property valuation, sensitivity analysis, market research, and credit analysis. Help manage the deals throughout the due diligence and closing process.
- Underwriting – Analyze potential loans to ensure they meet appropriate standards. Day-to-day responsibilities include handling the due diligence process with internal and external parties, analyzing investment strategy, cash flow assumptions, and market data, and completing detailed investment packages for credit approval.
- Portfolio or Deal Management – Key responsibilities include assisting credit officers in achieving the overall domestic and international mortgage production goals and serving as a resource for origination teams on policies and procedures throughout the life cycle of a deal.
Responsibilities may include but are not limited to:
- Conducting financial modeling to evaluate potential new investment opportunities.
- Underwriting and analysis to support asset management decisions (e.g., leasing, financing, buy/sell scenarios, property valuations, and joint venture structuring).
- Creating and implementing strategies for developments, renovations/repositionings, and capital projects.
- Collaborating with external parties including leasing/sales brokers, property managers, joint venture partners, and legal counsel.
- Providing analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and preparation of loan briefs for investment committee approval.
Required Qualifications:
- Candidates must be enrolled in an accredited bachelor’s program or 5th year master’s program graduating between December 2024 and May 2025
- Minimum GPA of 3.0
- Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
Preferred Qualifications:
- Finance, Economics, or Real Estate majors preferred but not required
- Strong quantitative skills and proven analytical ability
- Understanding of real estate and finance terms and concepts preferred
- Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously
Source: PGIM Real Estate Career Page
