PGIM Real Estate -Senior Investment Associate

Prudential Annuities Distributors (PAD); Chicago (IL); On-site; USD 135,000 - 150,000; Full time

Benefits offered by this job

Market-competitive salary

401(k) plan

Pension plan

Wellness programs

Job summary

PGIM Real Estate, the global asset management arm of Prudential, seeks a Senior Investment Associate for the Northeast Originations team in the Chicago area. You will facilitate multifamily and commercial real estate debt investments across multiple capital sources.

The role involves leading daily operations, training analysts, and guiding transactions from initial screening to closing, with exposure to Core Plus strategies and market activities.

Qualifications

• Bachelor's degree required with 5+ years in commercial real estate lending.
• Credit mindset with ability to review, structure and underwrite loans.
• Strong quantitative and analytical abilities.
• Excellent organizational, written and verbal communication skills.

Responsibilities

• Assist origination and closing processes with underwriting, pricing and due diligence.
• Model and analyze deals, prepare term sheets and materials for Investment Committee.
• Develop knowledge of market region and PGIM systems (Salesforce, Omnia, Loan Connect).
• Lead and train analysts, review case files and ensure accuracy.
• Cultivate relationships with borrowers, intermediaries and advisors.

Skills

Credit analysis

Quantitative skills

Leadership

Communication

Education

Bachelor's Degree

Tools

Argus Enterprise

Job description

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 a Senior Investment Associate on the Northeast Originations team, you will facilitate originations of multifamily and commercial real estate debt investments for Prudential's wide variety of capital sources including 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 $2.5billion+ of annual production.
• The expectation is that the Senior Investment Associate will develop and leverage internal and external relationships to guide all transactions through the approval and closing process.
• The individual will assume a leadership role in assisting the team with daily operations, including training and oversight for the team’s analysts, which includes reviewing underwriting and case file/authorization packages.

What you can expect

• Assist 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.
• Participate in all aspects of Core Plus transactions, including initial screening, underwriting, modeling, term sheet completion/negotiation, and compiling Investment Committee/loan authorization materials.
• Manage legal aspects of the loan origination/closing process.
• Provide market knowledge/expertise, becoming well versed in the region for which the team is responsible.
• Assist analysts and associates with closing and due diligence review.
• Manage training and oversight for 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.
• Foster external relationships with prospective borrowers and intermediaries, maintaining enduring relationships with existing clients across the platform.
• Develop expertise in all PGIM systems necessary for the originations process, i.e., Salesforce, Omnia, Loan Connect, etc.

What you will bring

• Bachelor's Degree and 5+ 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.
• MBA from a top program preferred, but candidates with additional lending experience will be given similar consideration.

The salary range for this role is from $135,000 to $150,000. 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 $207.9billion in gross assets under management and administration ($133.8billion net), 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, 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.
• 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 [e-mail]. If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.