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PGIM Real Estate Investment Associate (Hybrid-San Francisco, CA)

Pru

San Francisco, CA, US$130k – $145khybrid

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About this role

Job Classification: Investment Management - Investments

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!

What you will do PGIM Real Estate’s Originations team engages in all aspects of the loan origination process. As an Investment Associate on the Originations team, you would be responsible for helping to facilitate the originations of multifamily and commercial real estate debt investments for Prudential's wide variety of capital sources including the general account, separate accounts, core plus debt fund, structured debt strategies, Fannie Mae, Freddie Mac, and FHA.  This person will join a fully integrated mortgage origination team responsible for $1B+ of annual production. The expectation is that the Investment Associate will develop and leverage internal and external relationships to efficiently guide all transactions through the approval and closing process. The individual will assume a leadership role in assisting the team with the daily operations to include training and oversight for the team’s analysts which includes reviewing underwriting and memos.

This position is based in our office in San Francisco and will follow a hybrid schedule which requires 3-4 days working from the office each week and 1-2 days of remote work. 

What you can expect • Assist the team’s Loan Officers in all aspects of the loan origination and closing process, including analysis and underwriting, debt structuring, pricing strategy, creating presentations to senior management for pricing and loan authorization, due diligence review, transaction negotiation and closing. • Involvement in all aspects of transactions to include initial screening, underwriting, modeling, term sheet completion/negotiation, and compiling Investment Committee/loan authorization materials. • Involvement and management of legal aspects of the loan origination/closing process. • Assisting the team’s Loan Officers with market knowledge/expertise, i.e., become well versed in the region for which the team is responsible. • Maintain responsibility for assisting the team’s analysts and associates with closing and due diligence review. • Manage training and maintain oversight for the team’s analysts and associates. • Interact with existing and prospective borrowers, intermediaries, industry peers and the legal community on deals. • Develop internal relationships with the Credit and Portfolio Management teams. As well as external relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform to help facilitate the transaction process. • Develop expertise in all PGIM systems necessary for the originations process.

What you will bring • Bachelor's Degree and 3 or more years of experience in commercial real estate lending. • 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. • Strong quantitative skills and demonstrated analytical ability. • Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously. •  Outstanding written, oral communication, and interpersonal skills. • Ability to work both independently and as an integral member of a team. • Proficiency in MS Office applications, (Excel, Word, and PowerPoint) required. • Willingness to travel occasionally and attend industry events and conferences, required. • Interact professionally with internal and external parties, including originations, transactions, risk, legal, developers, investment firms, borrowers, and third‐party service providers. • Demonstrated leadership experience with the ability.

What will set you apart • Experience working with all real estate asset classes. • Experience using Argus Enterprise • Self‐motivated with perseverance, and a hands‐on, proactive style.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Note : Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $130,000 to $145,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.

About PGIM Real Estate With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.

PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. ( NYSE: PRU ). PGIM Real Estate’s risk management approach, execution capabilities and 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 local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approac

Salary insight

The midpoint of this range ($138k) is about 31% below the median disclosed salary for San Francisco roles listed on ForgeApply ($200k across 8,174 jobs).

Based on live postings with disclosed pay on ForgeApply; refreshed daily. Not an estimate of this employer's offer.

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