PGIM Real Estate - Investment Analyst (San Francisco, CA)

PGIM • San Francisco, CA

369d

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.

Requirements

• Bachelor's degree required; emphasis in real estate or finance preferred.
• Basic understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements, development agreements and loan agreements.
• Understanding of basic real estate terms and concepts such as net leases, gross leases, rents, operating expenses, capital expenditures, recovery of expenses, and basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.
• Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.
• Awareness of ESG, proptech, and data initiatives.
• Strong interpersonal/communication skills (oral & writing); ability to develop and ask questions, negotiate acceptable terms with third parties and to make presentations to senior management, investment committee or clients, when necessary.
• Capability of simultaneously handling multiple assignments and to direct and monitor the activities of others on a systematic basis.
• Ability to use financial and valuation software including Argus, Word and Excel.

Responsibilities

• Work directly with a senior asset manager and a team on a portfolio of industrial investments.
• Provide general asset management and direction for a portfolio of industrial assets across varying Fund risk spectrums including pre-development and development assets.
• Maintain frequent contact with property managers, operating/development partners and leasing brokers.
• Review periodic property reports and track operating performance. Prepare regular updates summarizing results and respond to information requests.
• Assist and participate in the evaluation and negotiation of common real estate contracts, including leases, loan documents, development service agreements, and property management/leasing agreements.
• Utilize Excel, Argus, and Word to prepare analyses of various investment decisions - including hold/sell, leasing, and financing scenarios.
• Review quarterly appraisals for factual accuracy and consistency with other similar properties.
• Oversee and assist in the budget process and preparation of the annual strategic plan for each property.
• Prepare and/or review periodic internal reports and respond to information requests from the Portfolio Management team.
• Work collaboratively with the transaction team for both the acquisition and disposition of properties.
• Monitor construction process on development investments in coordination with consultants to ensure quality of construction. Review draw schedules for properties under development.

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

• Career Level: Entry Level
• Industry: Funds, Trusts, and Other Financial Vehicles
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees