PGIM Real Estate-Senior Accounting Specialist

Prudential Ins Co of America; Dallas (TX); Hybrid; USD 65,000 - 75,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

PGIM Real Estate Loan Servicing in Dallas seeks an Accountant to join its Agency Accounting Team. You will prepare journal entries for agency mortgage loans through the life cycle, reconcile cash logs, and maintain MSR analytics and PASS accounts.

The role emphasizes GAAP, advanced Excel, cross-functional collaboration with Investor Reporting, Servicing, and IT, and a willingness to work extended hours in a hybrid office/remote setup.

Qualifications

• Bachelor's degree in Accounting or related field and 2+ years of accounting experience.
• Solid understanding of GAAP accounting principles.
• Strong Excel skills and analytical ability.
• Ability to drive process improvement and prioritize tasks.

Responsibilities

• Prepare agency mortgage loan journal entries across loan lifecycle (deposit, rate lock, funding, settlement).
• Maintain cash logs and account reconciliations, including MSR analytics and PASS reconciliations.
• Prepare Balance Sheet reconciliations and supporting documentation.
• Collaborate with Investor Reporting, Investor Operations, Servicing, Asset Management, and IT to ensure effective communication.

Skills

GAAP knowledge

Advanced Excel

Analytical skills

Process improvement

Interpersonal skills

Education

Bachelor's degree in Accounting

Tools

SQL

Oracle GL

Excel

Job description

Job Classification: Finance & Accounting - Finance & Accounting

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

The PGIM Real Estate Loan Servicing business is seeking an 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.
• 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.

Location and Work Arrangement

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 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.

*PGIM welcomes all applicants, even if you don't meet every requirement.

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 $65,000-$75,000. 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 EstateWith $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 Re