PGIM Senior Director, Underwriter (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 (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors). We are seeking a Senior Underwriter to join our Agency Lending business. As a senior 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 based in any of the following locations: Arlington, Chicago, San Francisco, Los Angeles, Dallas or Atlanta.
Requirements
- Bachelor’s Degree and 8 or more 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 (specifically Fannie Mae and/or Freddie Mac experience) and general multifamily financing alternatives
- Proficient in analysis of Mortgage Credit and Borrower structures
- Experience mentoring and training junior team members
- 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 serve as the point of contact on credit and underwriting issues with the Agency, when necessary.
- Responsible for training team members.
- Complete review, analysis, and approval of due diligence materials related to loan submissions.
- 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.
- Actively collaborate across the Underwriting team on portfolios or larger underwriting efforts.
- Ability to proactively collaborate with Agency partners as necessary throughout the transaction.
- Present to Investment/Loan Committee when necessary.
- Research and analyze markets/submarket trends and fundamentals.
- Management and mentorship of team 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), 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
