PGIM Real Estate-Senior Accounting Specialist

Financeroles; Texas; Hybrid; USD 65,000 - 75,000; Full time

Benefits offered by this job

Bonus potential

Medical/dental/vision insurance

401(k) with company match

Company pension

Wellness program

Job summary

PGIM Real Estate is seeking a Dallas-based Accountant to join the Agency Accounting Team. You’ll handle agency mortgage loan journal entries across the loan life cycle, MSR accounting, analytics, and PASS reconciliations, with a collaborative, fast-paced approach.

The role is hybrid, requiring in-office presence in Dallas three days a week, with strong GAAP knowledge and Excel skills to drive accurate reporting and process improvements.

Qualifications

• Bachelor’s degree and 2+ years of accounting experience.
• Solid understanding of GAAP accounting principles.
• Strong accounting, research and analytical skills; ability to drive process improvement.
• Excellent interpersonal, communication and partnering skills.
• Willingness to work extended hours and support other groups as needed.
• Exceptional Microsoft Office skills (Excel, Word).
• The candidate should multi-task, be self-motivated and prioritize in a fast-paced environment.

Responsibilities

• Prepare Agency cash logs and journal entries.
• Prepare bank reconciliations and closing wires.
• Reconcile deposits and maintain Loan Fee Accounting.
• Record mortgage loan accounting entries and manage Agency Master Files.
• Review mortgage loan agreements for correct rate and principal in entries.
• Develop analytics such as Revenue Schedules and Goal Posts.
• Prepare Balance Sheet reconciliations and improve reconciliation efficiency.
• Collaborate across Investor Reporting, Operations, Servicing, Asset Management, Controllers, IT.
• Prepare various analytical reports and support ad hoc projects.

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. 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

• 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.

*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 $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 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