PGIM Real Estate -Agency Underwriter

Prudential Financial • Arlington, VA

5d • $135,000 - $145,000 • Hybrid

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. At PGIM, You Can! We are seeking an Investment Associate, Agency Underwriter to join our Agency Lending business. As a member of the multifamily underwriting team, this role plays a critical part in managing loan transactions from initial screening through final approval. You’ll work closely with clients, Agency partners, and internal stakeholders to ensure thorough due diligence and credit analysis, while also mentoring junior team members and contributing to the strategic direction of the underwriting function. This is a highly collaborative role that combines technical expertise with leadership and client engagement. The role will be a hybrid role (3 days working in the office).

Requirements

• Bachelors Degree and 4+ years of experience in commercial underwriting experience
• Ability to take ownership for loan transactions and manage workload with minimal supervision
• Thorough product knowledge of Agency financing and general multifamily financing alternatives
• Proficient in analysis of Mortgage Credit and Borrower structures
• Experience mentoring and training junior team members

Nice To Haves

• Excellent verbal and written communication skills
• Strong attention to detail
• Proven management capability
• Excellent critical thinking and decision-making skills

Responsibilities

• Monitor the collection and due diligence materials as well as approval of due diligence materials reviewed by underwriting staff.
• Serve as the primary point of contact for clients and may be the point of contact on credit and underwriting issues with the Agency, when necessary.
• Responsible for training underwriting team members.
• Complete review, analysis and approval of due diligence materials related to a loan submission.
• Review and provide commentary on third party reports.
• Finalize the underwriting narrative and model and/or provide direction to underwriting staff.
• Ensure on-going communication on all aspects of the loan process with key stakeholders.
• Conduct site visits independently.
• Present to Investment/Loan Committee when necessary.
• Research and analyze markets/submarket trends and fundamentals
• Ability to collaborate with Agency partners as necessary throughout the transaction.
• Mentorship of Analysts.

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).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level