Associate Manager, Accounting

Position: PGIM-Associate Manager, Accounting
Job Classification:
Finance & Accounting - Finance & Accounting

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:

Prudential Asset Resources, a division of Prudential Mortgage Capital Company, has an immediate opportunity within the accounting and finance division at their Dallas location. The position will incorporate both accounting and investor reporting functions with tremendous growth opportunities for a highly detail oriented and organized individual. Also, we look forward to expanding our team for an associate with a passion for optimizing processes to achieve efficiency and effectiveness.

What you can expect:

• Performs monthly close reasonableness reviews including but not limited to income analysis, interest accruals, & book value roll forwards.
• Responsible for reconciling the general ledger for both GAAP and Statutory accounts on a monthly basis, between the mortgage loan servicing system and the GL, and other downstream reporting systems (e.g. unpaid principal balance, escrows, reserves, premium/discount amortization, fee income, interest income, etc.)
• Responsible for the accounting and maintenance of deferred income/expense items and reconciliation of the system calculated yield to ledger book yields.
• Prepare month end trial balances and other financial reports for all portfolios, as requested. (e.g. fee income, misc income, gains/losses, statutory Schedule B, GAAP supplemental, etc.)
• Assist with audit requests, SOX experience helpful.
• Assist Accounting Manager with other ad hoc financial analysis, reconciliation as needed.
• Completes all work to meet critical deadlines for month-end and time lines for reconciliations.
• Maintains orderly and complete accounting records for audits or management inquiry.

• Advise Manager and management of financial items/issues.
• Prepare daily valuations, financial statements and remittances files while coordinating with both internal and external parties related to reporting. Interpreting servicing agreements, government regulations, accounting manuals, and loan documents to ensure accounting and reporting requirements are being met. Prepare applicable journal entries based on reconciliations.
• Prepare monthly accruals and market value adjustments.
• Assist with process automation.

What you will bring:

• Bachelor's degree in Accounting or related business degree required with a minimum of Intermediate Accounting I & II.

• 3-5 years of accounting experience in a financial services environment or 2-3 years public accounting required
• 1-3 years of experience with Information Systems related to Accounting functions. Ideally the successful candidate would possess working knowledge of sub ledger to general ledger feeds as well as databases and how they function.
• The candidate should possess excellent communication skills, both oral and written.
• Excellent interpersonal and customer service skills are essential.
• Must possess strong organizational skills and attention to detail.
• Strong analytical and problem-solving skills
• Exceptional Microsoft Office skills (Excel, Word) is required. Experience with MS Acess, SQL is a plus.
• 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.

• Mortgage or Insurance industry accounting experience and/or CPA preferred but not required.
• Experience with foreign investments (FX conversions) is helpful but not required.

* We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

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…