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PGIM Real Estate Loan Services is seeking a Senior Real Estate Asset Manager for CRE debt. This position will be in Dallas, TX. The candidate will be responsible for independently managing a portfolio of complex commercial real estate loans within the CMBS and Prudential’s “Core” institutional debt portfolios.
This team aims to be highly collaborative, innovative, highly organized, and committed to providing exceptional service. They are based in Dallas, Texas and are currently following a hybrid work model (on-site 2-3 times a week).
What you can expect:
- 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 and Mexico. Borrower requests may include assumptions, modifications, partial releases, property substitutions, partial ownership transfers, lease approvals, easements, reserve disbursements, insurance losses, and property management 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.
What you will bring:
- Bachelor’s degree required, preferably in Finance, Real Estate or related discipline.
- 7+ years of equivalent commercial real estate lending or asset management experience.
- Strong understanding of commercial loan documents with varying degree of complexity.
- Understanding of CMBS Subservicing and Pooling and Servicing Agreements
- Solid understanding of the life of a commercial loan (loan closing to disposition of asset).
- 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
What Will Set You Apart
- CRE Industry certifications / designations (e.g., CCIM, CMB, CCMS)
Source: Prudential’s Career Page
