Senior Asset Manager, PGIM Real Estate

3+ months agoDallas, TX

About PGIM Real Estate:
As one of the largest real estate managers in the world with $179.2 billion in gross assets under management and administration1, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the $1.3 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate's rigorous risk management, seamless execution, and extensive industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing 2, and the deep local expertise of professionals in 31 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world.
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PGIM Loan Services is a subsidiary of PGIM Real Estate and one of the largest commercial and multifamily mortgage servicing firms in the nation. PGIM Loan Services manages a wide variety of mortgage investments that includes Prudential's General Account, CMBS, Fannie Mae, Freddie Mac and FHA loans. The Company is a rated Primary, Master, and Special Servicer. PGIM Real Estate is one of the nation's largest full-service commercial, multi-family and agricultural real estate lenders and has been serving the commercial real estate market for over 125 years.

Loan Services is seeking a Senior Asset Manager to join its Freddie Mac team.
The candidate will be responsible for independently managing a complex portfolio of Freddie Mac commercial real estate loans with minimal supervision.
The candidate shall possess excellent writing skills, be detail oriented and focused on accuracy, strong credit skills to assess and manage risk, produce decisive credit action recommendations, analyze and articulate watchlist comments, ensure loan covenant compliance, and assist in maturity management.
The candidate must provide superior customer service, create efficiencies and promote trust.
The candidate shall possess good common sense, a sense of urgency, sound business judgment and will be dependable demonstrating an elevated level of integrity.


Credit Actions: Perform cash flow analysis, market surveys, document review and other due diligence necessary to produce prompt, well written and supported case recommendations for complex borrower requests. Transactions involve loans located throughout the US. Borrower requests may include assumptions, modifications, partial releases, property substitutions, partial ownership transfers, lease approvals, easements, reserve disbursements, insurance losses, and property management changes.

Triggers: Ensure loan covenant compliance requirements are managed timely and effectively including initial input, post closing monitoring, maintenance of collateral, and debt service thresholds.

Watchlist: Provide written analysis identifying key trends and issues noting any corresponding mitigates. Take initiative to improve quality of reporting and early detection of issues. Possess the ability to identify loans for addition or removal from the watchlist and to concisely communicate relevant issues, remedies and mitigates with management.

Create Efficiencies: Attention to accurate detail, take initiative to continually improve the integrity of portfolio information and standardized reporting while ensuring the highest quality work product. Build synergies with both internal and external groups such as originations, legal, compliance, servicing, accounting, Freddie Mac and third-party vendors to create efficiencies and transparency. Proactively identifies and leads implementation of innovative and practical solutions.

• Bachelor's degree required, preferably in Finance, Real Estate or related discipline.
• 5 years of equivalent commercial real estate lending/asset management experience.
• Strong understanding of commercial loan documents with varying degree of complexity.
• Understanding of the Agency Guides, Subservicing Agreements, and Pooling and Servicing Agreements.
• Efficiently utilize proprietary technology and be flexible and adapt to consistent change.
• Solid understanding of the life of a commercial loan (loan closing to disposition of asset)
• Excellent written and verbal communication skills.
• Excellent interpersonal and customer service skills including the ability to create/build and maintain relationships with internal and external parties.
• Proven analytical and problem-solving skills.
• Excellent organizational skills are required (e.g. multitask in a time sensitive environment).
• Personal computer skills (Excel, Word, Outlook, Sharepoint, Power BI, etc.).

Job ID: Prudential-PRE000IW

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