PGIM Director, Deal Manager (Hybrid)

Prudential Financial • Arlington, VA

1d • $145,000 - $165,000 • Hybrid

About The Position

PGIM Real Estate (PGIM RE) is one of the nation’s largest full-service commercial real estate lenders. PGIM RE originates a wide variety of commercial mortgage investments for Prudential’s General Account, investment management clients, and other third-party capital sources. PGIM RE is seeking a Deal Manager to join the Agency Lending team. As a senior member of the multifamily Deal Management team, this role plays a critical part in providing support to the origination staff with deal review, pricing, structuring and process navigation to drive new business. The role will be a hybrid role based in any of the following locations: Arlington, Chicago, San Francisco, Los Angeles, Newark, Dallas.

Requirements

• 8 or more years of experience in multifamily underwriting, structuring and/or pricing transactions preferred.
• Very strong product knowledge of Agency financing with structuring and underwriting knowledge across all property types (affordable, structured, seniors, MHC, multifamily, etc.).
• Excellent interpersonal skills, with a proven working relationship with Agencies.
• Strong technical underwriting/analytical skills, along with a strong sense of urgency and attention to detail.
• Critical thinking skills are essential, with the ability to make timely decisions, when appropriate.
• Excellent time management skills; ability to manage and prioritize multiple tasks and transactions.
• A leader and team player, candidate must work well in a multi-functional collaborative environment and demonstrate a strong work ethic and commitment to customer service.
• Strong verbal and written skills are essential.
• Ability to manage workflow of multiple transactions and individuals.
• Management capabilities; ability to train, mentor and motivate team members.
• Participation in industry groups and/or committees when required.
• Ability to travel as needed.

Responsibilities

• Provide support to origination staff on Agency requirements and deal structuring; initial point of contact for origination staff for Agency transactions.
• Primary liaison between PGIM and Agency production and credit staff with input, as necessary from PGIM’s Chief and/or Deputy Chief Underwriter on unique deal structures and/or underwriting exceptions.
• Possess and apply thorough knowledge of Fannie Mae and Freddie Mac policies and procedures.
• Size, Structure and Price individual transactions for origination staff to win new business.
• Prepare, review and submit quality quote requests to Agencies within 24 – 48 hours of screening, with support from assigned Analysts.
• Assess issues and provide intelligent risk-based solutions aligned with PGIM and Agency program requirements and guidelines.
• Coordinate between origination and Credit/Chief Underwriter when structuring issues arise at origination.
• Provide full and timely disclosure of known transaction risks to ensure open communication among all team members during initial screening process.
• Review Agency response letters for accuracy.
• Prepare Loan Applications for signature and negotiate approved changes in coordination with legal.
• Responsible for handoff from Origination to Underwriting.
• Manage analytical staff assignments to assure timing expectations met and accuracy of information.
• Mentor of Deal Manager/Origination Associates and Analysts, as appropriate.
• Other projects and initiatives assigned.

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), after one year of service.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed