PGIM Director, Deal Manager; Hybrid

Position: PGIM Director, Deal Manager (Hybrid)
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 (PGIM RE) is one of the nation's largest full-service commercial real estate lenders.  PGIM RE originates a wide variety of commercial mortgage investments for Prudential's General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors).

PGIM RE is seeking a Deal Manager to join the Agency Lending team.  As a senior member of the multifamily Deal Management team, this role plays a critical part in providing support to the origination staff with deal review, pricing, structuring and process navigation to drive new business. You should bring expertise in Agency requirements, including credit tolerances and pricing structures, and will participate in the training of new associates and analysts.

The role will be a hybrid role based in any of the following locations:
Arlington, Chicago, San Francisco, Los Angeles, Newark, Dallas.

What you can expect

* Provide support to origination staff on Agency requirements and deal structuring; initial point of contact for origination staff for Agency transactions.

* Primary liaison between PGIM and Agency production and credit staff with input, as necessary from PGIM's Chief and/or Deputy Chief Underwriter on unique deal structures and/or underwriting exceptions.

* Possess and apply thorough knowledge of Fannie Mae and Freddie Mac policies and procedures.

* Size, Structure and Price individual transactions for origination staff to win new business.

* Prepare, review and submit quality quote requests to Agencies within 24 - 48 hours of screening, with support from assigned Analysts.  Assess issues and provide intelligent risk-based solutions aligned with PGIM and Agency program requirements and guidelines.

* Coordinate between origination and Credit/Chief Underwriter when structuring issues arise at origination.

* Provide full and timely disclosure of known transaction risks to ensure open communication among all team members during initial screening process.

* Review Agency response letters for accuracy.

* Prepare Loan Applications for signature and negotiate approved changes in coordination with legal.

* Responsible for handoff from Origination to Underwriting.

* Manage analytical staff assignments to assure timing expectations met and accuracy of information.

* Mentor of Deal Manager/Origination Associates and Analysts, as appropriate.

* Other projects and initiatives assigned.

What you will bring

* 8 or more years of experience in multifamily underwriting, structuring and/or pricing transactions preferred.

* Very strong product knowledge of Agency financing with structuring and underwriting knowledge across all property types (affordable, structured, seniors, MHC, multifamily, etc.).

* Excellent interpersonal skills, with a proven working relationship with Agencies.

* Strong technical underwriting/analytical skills, along with a strong sense of urgency and attention to detail.

* Critical thinking skills are essential, with the ability to make timely decisions, when appropriate.

* Excellent time management skills; ability to manage and prioritize multiple tasks and transactions.

* A leader and team player, candidate must work well in a multi-functional collaborative environment and demonstrate a strong…