PGIM Real Estate-Associate Manager, Accounting (Hybrid-Dallas, Texas)

Job Classification:

Finance & Accounting - Finance & Accounting

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

The PGIM Real Estate Loan Servicing business, has an immediate opportunity within the accounting division at their Dallas location. PGIM Real Estate is seeking an Associate Manager, to join its Agency Accounting Team. You will be responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e., borrower deposit, rate lock, funding, and loan settlement) as well as maintaining the associated cash logs. Other related responsibilities include accounting for Mortgage Servicing Rights (MSR’s), analytics (e.g., Revenue schedules and “Goal Posts”), PASS account reconciliations (Prudential’s system for assuring materially correct Balance Sheet account balances), Loan Fee accounting, debt (to fund loans) tracking, and creation of robust policies and procedures.  The ideal candidate will be collaborative, initiative-taking, and work well within a fast-paced, challenging environment. They will take ownership of their work and accountability for driving positive business outcomes.

This position is based out of our Dallas, TX office. Our organization follows a hybrid work structure where employees work remotely and from the office. You are expected to be in the Dallas office three times a week.

What you can expect

Management of experienced accountants including preparation and supervision of the following:

• Agency cash logs and corresponding journal entries.
• Bank account reconciliations and management of the bank reconciliation database.
• Prepare or review closing wires and reconcile borrower’s deposits through loan fee accounting.
• Manage borrower directed reserve investments and ability to communicate with the borrower and investment advisor as needed.
• Mortgage loan accounting entries (including review and oversight of maintaining the Agency Mortgage Loan Master Files which track loans at rate lock, funding, and settlement).
• Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries.
• Review monthly revenue schedules, financial reports and obtaining a solid understanding of the business to perform effective analytics (e.g., Revenue Schedules and Goal Posts).
• Review balance sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off.
• Review quarterly journal entries and calculations (including CECL Reserves, FIN45 Reserves).
• Review quarterly reports in support of Agency mortgage loan information submitted to Corporate Accounting.
• Review accounting documentation in support of internal and external audits.
• Assist with the opening of new bank accounts and developing relationships with our banking partners.
• Effectively partner across the organization with Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting, and IT to ensure effective communications across the platform.
• Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis.

What you will bring:

• Bachelor’s degree and 5+ years of relevant accounting experience
• Solid understanding of GAAP accounting principles.
• Strong accounting, research, and analytical skills.
• Ability to drive process improvement.
• Refined supervisory skills
• Strong interpersonal, communication and partnering skills.
• Willingness to work extended hours during peak reporting periods and the ability to support other internal groups as needed.
• Exceptional Microsoft Office skills (Excel, Word). Copilot, SQL, PowerBi skills a plus.
• Ability to multitask, be self-motivated, and prioritize work effectively in a fast-paced environment. They should enjoy problem solving and collaborating in a team environment.

What will set you apart

• Public accounting firm experience / CPA / MBA a plus
• Experience in commercial real estate, Financial Services, or Asset Management industry.
• Real Estate industry knowledge of debt/equity terms and financial application

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 $90,000 to $110,000. 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.

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

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 approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.

What we offer you:

• 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).

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.  

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law. 

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. 

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.