- Salary
- $185k – $200k
- Location
- 150 North Riverside, Chicago, IL, United States of America · Dallas, TX, USA · Arlington, VA, USA
- Type
- Full-time
- Department
- Real Estate
- Seniority
- Senior
- Experience
- 7+ years
- Education
- Master
- Source
- Workday
Description
Job Classification:
Investment Management - InvestmentsA 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
We are looking for an experienced and driven professional to fill a Senior Director position within our High Yield Debt Originations team. You will drive results through collaboration, ownership, and innovation. This position can be based in our Chicago, IL; Arlington, VA; or Dallas, Texas office.
PGIM Real Estate's Debt Originations team engages in all aspects of the loan origination process. As a Senior Director, Originations, you will be directly responsible for sourcing and originating commercial real estate high yield debt investments, including mezzanine, bridge, and preferred equity, for our various investors. Beyond sourcing deals directly, you will serve as a high yield resource to our regional Originations teams, partnering with them on internal referrals and helping develop and execute a marketing strategy to generate high yield investments across the platform.
You are joining a business with real momentum. PGIM's high yield real estate credit platform has surpassed $10 billion in AUM, making us one of the largest managers of high yield real estate credit in the world, and production is expected to grow significantly in the years ahead. This is an exciting time to join, and we are looking for someone eager to help build on this momentum.
What you can expect
- Source and originate commercial real estate high yield debt investments (mezzanine, bridge, and preferred equity) for PGIM's various investors, both directly and through internal partnerships.
- Manage all aspects of the loan origination process, including analysis and underwriting, debt structuring, pricing strategy, presentations to senior management, due diligence review, transaction negotiation and closing.
- Serve as a high yield debt expert to Originations loan officers across the platform, partnering with them to develop and execute a marketing strategy that generates high yield investments.
- Develop relationships with prospective borrowers and intermediaries focused on the high yield market, while maintaining and building enduring relationships with existing clients across the platform.
What you will bring
- Minimum 7 years of experience in commercial real estate lending, with a track record of originating and closing high yield debt.
- A network of borrower and intermediary relationships in the high yield market.
- Strong quantitative skills and demonstrated analytical ability.
- Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
- Outstanding written and oral communication skills.
- Ability to work both independently and as an integral member of a team.
What will set you apart
- MBA from a top program; concentration, major or focus in finance and/or real estate.
- Proficiency in MS Office applications (Excel, Word and PowerPoint) strongly preferred.
*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 $185,000 to $200,000. 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 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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. 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 [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.