Senior Director, Institutional Real Estate | PGIM Product Development

Prudential Annuities Distributors (PAD); The Ironbound (NJ); On-site; USD 190,000 - 230,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Pension Plan

401(k) with match

Wellness Program

Education Benefit

Employee Stock Purchase Plan

Paid Time Off

Job summary

PGIM's Newark-based Product Development team seeks a Senior Director to lead private real estate product initiatives, translating market needs into scalable investment solutions for institutional and retail clients. You will partner with legal, tax, distribution and investment teams to drive product structuring and launch readiness.

You will own end-to-end product development, manage cross-functional workstreams, prepare governance materials, and ensure rigorous execution with emphasis on risk

Qualifications

• 15+ years of asset management, investment product development, fund structuring, or institutional investment experience.
• Ability to lead multiple complex initiatives and deliver high-quality outcomes in a fast-paced environment.
• Strong written and verbal communication with senior stakeholders.
• Ability to prepare committee-ready materials and influence across functions.
• Strong analytical and problem-solving skills with attention to detail.
• Proven ability to build trusted partnerships across investments, distribution, legal, tax, compliance and operations.
• PowerPoint, Excel and Word skills for executive-ready outputs.
• Practical experience with institutional fund structures and investor access vehicles.

Responsibilities

• Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring innovative real estate investment products to market.
• Oversee and lead execution of cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out.
• Partner with investment teams, legal and tax counsel to define product structures, vehicle options, fund terms, investor access points, liquidity mechanics and implementation requirements.
• Prepare decision-ready materials for senior leadership and governance committees, including product concepts, business cases, launch recommendations, and implementation plans.
• Identify and help resolve key product risks and constraints, including legal, tax, regulatory, operational, liquidity, valuation, governance and distribution considerations.
• Manage institutional real estate product pipeline content and meet with internal stakeholders to communicate new product pipeline activities.
• Serve as a subject matter expert for the firm on the PGIM Real Estate’s commingled funds platform, key fund structuring concepts, distribution markets and channels, and the impact of local regulations; leverage knowledge to support innovation.
• Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements.

Skills

Leadership

Cross-functional collaboration

Analytical skills

Executive communication

PowerPoint

Excel

Word

Project management

Job description

Job Classification: Product Management - Product Management

What you will do

We are seeking a Senior Director to join PGIM's Product Development team. The team manages the product development lifecycle and plays a critical role in creating, structuring, obtaining approval for and launching investment strategies across public and private markets for institutional, retail, insurance and private wealth investors. This role will serve as a senior product lead for institutional real estate initiatives, with primary focus on developing, structuring and launching private real estate investment solutions. The individual will translate investment capabilities, client demand, market opportunity, legal/tax considerations and commercial priorities into scalable, executable products. The Senior Director will play a key role in driving the growth of PGIM's alternatives efforts globally by bringing deep expertise in investment vehicle structures, institutional investor needs and the ability to design competitive alternatives products. This person will partner cross-functionally with investment, distribution, product strategy, marketing, legal, tax, compliance, operations and senior leadership stakeholders. Strong analytical skills, asset management experience, fund-structuring judgment, executive communication skills and the ability to independently drive complex product-related initiatives are essential. Leadership with humility, sound judgment, detail-orientation, clear communication and teamwork will be critical to success in this role. This position reports to the Head of Institutional Product Development and will be part of the broader Newark-based Product Development team, while collaborating closely with PGIM Real Estate colleagues globally. This role offers the opportunity to lead product initiatives across the breadth of PGIM's real estate and alternatives platform. This is a senior individual-contributor role requiring the ability to lead workstreams, create structure around ambiguous product opportunities, drive decisions and provide senior-level guidance across cross-functional project teams.

What you can expect

• Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring innovative real estate investment products to market
• Oversee and lead execution of cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out
• Partner with investment teams, legal and tax counsel to define product structures, vehicle options, fund terms, investor access points, liquidity mechanics and implementation requirements
• Prepare decision-ready materials for senior leadership and governance committees, including product concepts, business cases, launch recommendations, and implementation plans
• Identify and help resolve key product risks and constraints, including legal, tax, regulatory, operational, liquidity, valuation, governance and distribution considerations
• Manage institutional real estate product pipeline content and meet with internal stakeholders to communicate new product pipeline activities
• Serve as a subject matter expert for the firm on the PGIM Real Estate’s commingled funds platform, key fund structuring concepts, distribution markets and channels, and the impact of local regulations; leverage knowledge to support innovation
• Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements

What you will bring

• 15+ years of relevant asset management, investment product development, fund structuring, legal/tax structuring, product strategy or institutional investment experience, preferably with exposure to private real estate, private markets, or alternatives
• Demonstrated ability to lead multiple complex initiatives simultaneously, drive execution, manage dependencies and deliver high-quality outcomes in a fast-paced environment
• Intellectually curious, goal-oriented individual, self-starter with a bias toward action, strong ownership mindset and commitment to delivering high-quality results with integrity
• Ability to prepare committee-ready materials and communicate complex product-related considerations clearly to senior stakeholders
• Strong analytical and problem-solving skills, with high attention to detail and ability to balance strategic judgment with rigorous execution
• Clear written and verbal communication skills, with proven ability to collaborate effectively with and influence stakeholders at all levels of the organization
• Ability to work independently, exercise sound judgment and build trusted partnerships across investments, distribution, legal, tax, compliance, operations and senior management
• Strong PowerPoint, Excel and Word skills, with ability to produce executive-ready materials and clear analytical outputs
• Practical experience with institutional fund structures and investor access vehicles, including private funds, feeders, parallel vehicles, REIT/blocker structures, Luxembourg/Ireland/Delaware/Cayman or other relevant domiciles, side letters, liquidity mechanics, fee terms and cross-border investor considerations

What will set you apart?

• Experience launching complex private real estate, private markets, alternatives, or institutional commingled funds from concept through closing
• Strong understanding of fund structuring, investor access vehicles, liquidity mechanics, fee terms, side letters and cross-border distribution considerations
• Working knowledge of tax principles relevant to real estate investment fund structuring, with ability to partner effectively with tax counsel
• Executive presence and ability to influence senior stakeholders across functions
• Comfort operating in ambiguous situations, driving decisions and creating structure around complex initiatives

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 $190,000 - $230,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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.

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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.