PGIM Real Estate - Director, Asset Management

Job Classification:
Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

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!

• Team Leadership: Guide and manage a diverse group comprised of 2 Team Leads and 6-8 Asset Managers, spread across multiple locations, with varying levels of experience.
• Credit Action Approval: Evaluate and approve credit action recommendations in line with PRELS' delegation of authority to maintain the credit quality of the assigned portfolio.
• Objective Setting: Work with all members of the Senior Management team to optimize organizational policies and processes to meet corporate goals and objectives.
• Pipeline Review: Participate in regular pipeline review and prioritization meetings conducted by Team Lead alongside Asset Managers. Collaborate with department leadership to ensure balanced workload distribution.
• Compliance Oversight: Ensure the team's compliance with PRELS policies, obligations, and deadlines as per servicing agreements.
• Interdepartmental Coordination: Collaborate with other PRELS departments to ensure seamless operations within Asset Management.
• Team Development: Lead the recruitment, hiring, training, coaching, and performance management of team members.
• Training and Mentorship: Provide training and mentorship to Team Leads, enhancing their skills and knowledge. Act as a resource for industry and market updates.
• Stakeholder Engagement: Foster synergies with internal and external industry stakeholders to promote effective customer service and enhance productivity and efficiency.
• Process Improvement: Continuously review department processes and recommend improvements or develop innovative strategies to optimize Team Lead and Asset Manager performance, mitigate risk, and promote the PGIM brand.
• Professional Development: Meet ongoing training and industry participation targets.
• Special Projects: Lead and participate in special projects within PRELS and across all Asset Management teams.

• Experience: A minimum of 10 years of experience in commercial mortgage Asset Management with the ability to provide oversight and direction to the Asset Management team for all borrower consent requests.

• Knowledge: Comprehensive understanding commercial real estate loan documents, sub servicing agreements, pooling and servicing agreements, and commercial mortgage industry servicing standards.
• Analytical Skills: Exceptional analytical and problem-solving skills complemented by strong judgment and decision-making. Ability to monitor all Asset Management activity and ensure compliance with PRELS' credit guidelines and internal policies and procedures.
• Communication Skills: Effective interpersonal communication skills are essential, with a proven ability to develop and foster relationships with internal and external business partners.
• Organizational Skills: Strong organizational skills and attention to detail are required, along with the ability to manage multiple projects and prioritize work based on established deadlines.
• Technical Writing: Demonstrated capability in technical case plan review.
• Travel: Willingness to travel as needed for industry conferences, management meetings, and property inspections.
• Work Environment: Comfortable working in a hybrid environment (on-site 3 times a week) and capable of remotely managing asset managers in other office locations.

• Education: Bachelor or graduate degree in Real Estate, Business, Finance, Economics, Mathematics, or a related discipline.
• Leadership Experience: Proven experience in a similar leadership role with a demonstrated ability to manage, mentor, and develop team members.
• Asset Management Experience: Extensive experience in Asset Management, specifically in underwriting credit requests, with a focus on balance sheet and CMBS loans across all property types.
• Industry Related Certifications.
• Proactive Approach: An initiative-taking, self-starter with a keen sense of urgency.
• Software Competencies: Advanced competencies in software applications including Excel, Power BI, and web-based servicing systems.

• Medical, dental, vision, life insurance and PTO (Paid Time Off)
• Retirement plans:
• 401(k) plan with generous company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.
• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.