PGIM Real Estate-Executive Director, Originations

Prudential Financial • New York, NY

6d

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 looking for an astute, determined professional like you to fill an Executive Director position within our Originations team. You will showcase your success through collaboration, ownership, and innovation. PGIM Real Estate’s Originations team engages in all aspects of the loan origination process. As an Executive Director, Originations, you would be directly responsible for sourcing and originating commercial real estate debt investments for our various investors. The expectation is that this person will assume direct originations responsibilities upon joining. We seek demonstrated experience successfully originating and negotiating commercial real estate loans as evidenced by a strong track record of closed loans over the past several years. Possessing a book of business in the Northeast, in some capacity, is preferred.

Requirements

• 10+ years of experience in commercial real estate lending with proven experience originating loans
• A credit mindset and the ability to review, structure and underwrite loans to mitigate risks corresponding to the needs of PGIM’s various capital sources.
• Demonstrated ability to be a team player
• Bachelor's Degree in Finance, Real Estate, or a related field
• Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
• Outstanding written and oral communication skills.
• Ability to work both independently and as an integral member of a team.
• Proficiency in MS Office applications (Excel, Word and PowerPoint)

Nice To Haves

• Possessing a book of business in the Northeast
• Experience working with all real estate asset classes
• MBA from a top program preferred, but candidates with additional lending experience will be given similar consideration.
• Experience managing junior level talent

Responsibilities

• Responsible for sourcing (directly and through partnering internally) and originating commercial real estate debt investments for PGIM’s various investors.
• Responsible for managing all aspects of the loan origination process, including analysis and underwriting, debt structuring, pricing strategy, presentations to senior management, due diligence review, transaction negotiation and closing.
• Developing relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform.

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.
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

What This Job Offers

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