Accounting Specialist

Prudential Financial; Letterkenny; On-site; EUR 61,000 - 83,000; Full time

Job summary

PGIM Real Estate is seeking a Senior Accountant to join the Agency Accounting Team. The role involves preparing Agency mortgage loan journal entries across the loan life cycle, maintaining cash logs, and supporting MSR analytics and reconciliations in a dynamic real estate finance environment.

You will collaborate with Investor Reporting, Servicing, Asset and Portfolio Management, Controllers, Financial Reporting, and IT to ensure accurate balance sheets and timely reporting.

Qualifications

• Bachelor's degree and 2+ years of relevant accounting experience.
• Solid understanding of GAAP accounting principles.
• Strong accounting, research, and analytical skills.
• Ability to drive process improvement.
• Advanced knowledge of Excel.

Responsibilities

• Prepare Agency cash logs and corresponding journal entries.
• Prepare bank account reconciliations.
• Prepare closing wires and reconcile deposits through Loan Fee Accounting.
• Prepare mortgage loan accounting entries and maintain Agency Mortgage Loan Master Files.
• Review mortgage loan agreements to ensure correct interest rate and principal in entries.
• Partner across Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting, and IT.
• Prepare various analytical reports and support ad hoc projects.

Skills

Excel advanced

Analytical skills

Attention to detail

Communication

Multitasking

Education

Bachelor's degree

Tools

SQL

Oracle GL

Job description

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

Our Vision:

At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.

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 a Senior Accountant 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.

What you can expect:

• Prepare Agency cash logs and corresponding journal entries.
• Prepare bank account reconciliations.
• Prepare closing wires and reconcile borrower’s deposits through Loan Fee Accounting.
• Prepare mortgage loan accounting entries (including preparation of and 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.
• Obtaining a solid understanding of the business to perform effective analytics (e.g., Revenue Schedules and Goal Posts).
• Prepare Balance Sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off.
• 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 2+ years of relevant accounting experience
• Solid understanding of GAAP accounting principles.
• Strong accounting, research, and analytical skills.
• Ability to drive process improvement.
• Strong technical skills including advanced knowledge of Excel.
• Strong interpersonal, communication and partnering skills.
• Willingness to work extended hours and the ability to support other internal groups as needed.
• Exceptional Microsoft Office skills (Excel, Word)
• The candidate should have the ability to multitask, self-motivate, and prioritize work effectively in a face 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
• Experience with SQL Oracle GL systems.

*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.

PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants' gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit. Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.