PGIM Real Estate-Associate Manager, Accounting (Hybrid-Dallas, Texas)

Prudential Financial • Dallas, TX

24d • $90,000 - $110,000 • Hybrid

About The Position

The PGIM Real Estate Loan Servicing business has an immediate opportunity within the accounting division at their Dallas location. PGIM Real Estate is seeking an Associate Manager to join its Agency Accounting Team. You will be responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e., borrower deposit, rate lock, funding, and loan settlement) as well as maintaining the associated cash logs. Other related responsibilities include accounting for Mortgage Servicing Rights (MSR’s), analytics (e.g., Revenue schedules and “Goal Posts”), PASS account reconciliations (Prudential’s system for assuring materially correct Balance Sheet account balances), Loan Fee accounting, debt (to fund loans) tracking, and creation of robust policies and procedures. The ideal candidate will be collaborative, initiative-taking, and work well within a fast-paced, challenging environment. They will take ownership of their work and accountability for driving positive business outcomes.
This position is based out of our Dallas, TX office. Our organization follows a hybrid work structure where employees work remotely and from the office. You are expected to be in the Dallas office three times a week.

Requirements

• Bachelor’s degree and 5+ years of relevant accounting experience
• Solid understanding of GAAP accounting principles.
• Strong accounting, research, and analytical skills.
• Ability to drive process improvement.
• Refined supervisory skills
• Strong interpersonal, communication and partnering skills.
• Willingness to work extended hours during peak reporting periods and the ability to support other internal groups as needed.
• Exceptional Microsoft Office skills (Excel, Word).
• Ability to multitask, be self-motivated, and prioritize work effectively in a fast-paced environment.
• Enjoy problem solving and collaborating in a team environment.

Nice To Haves

• Copilot, SQL, PowerBi skills a plus
• Public accounting firm experience / CPA / MBA a plus
• Experience in commercial real estate, Financial Services, or Asset Management industry.
• Real Estate industry knowledge of debt/equity terms and financial application

Responsibilities

• Management of experienced accountants including preparation and supervision of the following:
• Agency cash logs and corresponding journal entries.
• Bank account reconciliations and management of the bank reconciliation database.
• Prepare or review closing wires and reconcile borrower’s deposits through loan fee accounting.
• Manage borrower directed reserve investments and ability to communicate with the borrower and investment advisor as needed.
• Mortgage loan accounting entries (including review and oversight of maintaining the Agency Mortgage Loan Master Files which track loans at rate lock, funding, and settlement).
• Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries.
• Review monthly revenue schedules, financial reports and obtaining a solid understanding of the business to perform effective analytics (e.g., Revenue Schedules and Goal Posts).
• Review balance sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off.
• Review quarterly journal entries and calculations (including CECL Reserves, FIN45 Reserves).
• Review quarterly reports in support of Agency mortgage loan information submitted to Corporate Accounting.
• Review accounting documentation in support of internal and external audits.
• Assist with the opening of new bank accounts and developing relationships with our banking partners.
• Effectively partner across the organization with Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting, and IT to ensure effective communications across the platform.
• Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis.

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