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PGIM Real Estate Asset Management team is looking for an Analyst who will be given coverage for Southeast Asia, Korea, Hong Kong & China. The candidate will report to the Head of Asset Management for the region and will be based in Singapore.
Responsibilities
- Asset Strategy Planning for assets under coverage – including developing asset hold-sell strategy supported by asset cashflow models; preparation of business plans for individual assets; budgeting and setting of financial targets; and active market scanning and identifying opportunities and/or threats to asset performance.
- Partner portfolio managers and lead disposition for respective portfolios; For acquisitions, be involved as part of the Deal team.
- Oversight of property management standards – working with property managers to ensure professional standards of service delivery; establishing key financial and performance targets; ongoing management and mitigation of key operational risks; and stakeholder management of key tenants, customers, service providers, government authorities and business partners.
- Support for Portfolio Management, Transactions and Financing activities – provide support to other PGIM Real Estate teams in activities such as portfolio reporting, investor relations, financing/re-financing, operational audit, and compliance matters; and review key underwriting assumptions and provide inputs to deal valuation, transaction structuring and acquisition and divestment initiatives.
- Development and delivery of Asset Enhancement Initiatives (“AEI”) – provide support to ensure AEI works are successfully completed within budget, timeline and to ensure underwriting assumptions are met; work with external consultants and internal stakeholders; oversee AEI including design and operations issues, and work with project manager to ensure that project quality, timing and cost targets are met; and manage and monitor re-positioning, re-branding and leasing pre-commitments. Provide regular updates to internal management and investors.
- Coordination of Valuation, Insurance and Sustainability programs – coordinate the quarterly appraisal process; ensure timely and adequate insurance coverage insurance coverage for assets at competitive pricing; and implement and update on sustainability initiatives, including obtaining accreditation.
- Collaborate with other Asset Management colleagues in Asia on regional projects.
- Support various ad-hoc initiatives and projects taking place across the broader business.
- Review periodic property reports and track operating performance. Prepare regular updates summarizing results and respond to information requests.
- Review quarterly appraisals for factual accuracy and consistency with other similar properties.
- Oversee the budget process and preparation of the annual strategic plan for each property.
- Assist in the negotiation of contracts with property management and leasing firms.
What You Will Bring
- A degree in Finance, Economics or Real Estate, or an equivalent and relevant qualification.
- 0-2 years of relevant experience. Open to fresh graduates
- Creative and innovative, with interest in ESG and Proptech and how to future proof real estate to manage disruption.
- Strong quantitative skills and demonstrated analytical ability.
- Strong working knowledge of Microsoft Excel. Exposure to Argus or Voyanta is a plus.
- Strong writing and communication skills. Capable and confident of communicating to both internal colleagues, US parent and external parties in presentations.
- Ability to adopt a collaborative/collegial approach to problem resolution with other teams.
- Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously.
- Team-oriented, with a high degree of integrity and professionalism.
- Positive, problem-solving mindset and a can-do attitude.
- Strong willingness to take the initiative and go the extra mile.
Source: Prudential’s Career Page
