Senior Director, Underwriter; Hybrid

Job Classification:
Investment Management - Investments

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 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.

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.

We are seeking a Senior Underwriter to join our Agency Lending business. As a senior member of the multifamily underwriting team, this role plays a critical part in managing loan transactions from initial screening through final approval. You’ll work closely with clients, Agency partners, and internal stakeholders to ensure thorough due diligence and credit analysis, while also mentoring junior team members and contributing to the strategic direction of the underwriting function.

This is a highly collaborative role that combines technical expertise with leadership and client engagement. The role will be a hybrid position based in any of the following locations:
Arlington, Chicago, San Francisco, Los Angeles, Dallas.

• Monitor the collection and due diligence materials as well as approval of due diligence materials reviewed by underwriting staff.
• Serve as the primary point of contact for clients and for credit and underwriting issues with the Agency when necessary.
• Responsible for training team members.
• Complete review, analysis, and approval of due diligence materials related to loan submissions.
• Review and provide commentary on third‑party reports.
• Finalize the underwriting narrative and models and/or provide direction to underwriting staff.
• Ensure ongoing communication on all aspects of the loan process with key stakeholders.
• Conduct site visits independently.
• Actively collaborate across the Underwriting team on portfolios or larger underwriting efforts.
• Collaborate proactively with Agency partners throughout the transaction as necessary.
• Present to Investment/Loan Committee when necessary.
• Research and analyze markets/submarket trends and fundamentals.
• Management and mentorship of team analysts.

• Bachelor’s degree and 8 or more years of commercial underwriting experience.
• Ability to take ownership for loan transactions and manage workload with minimal supervision.
• Thorough product knowledge of Agency financing (specifically Fannie Mae and/or Freddie Mac) and general multifamily financing alternatives.
• Proficient in analysis of Mortgage Credit and Borrower structures.
• Experience mentoring and training junior team members.
• Excellent verbal and written communication skills.
• Strong attention to detail.
• Proven management capability.
• Excellent critical thinking and decision‑making skills.

PGIM welcomes all applicants, even if you don’t meet every requirement. If your skills align with the role, we encourage you to apply.

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 $175,000 to $185,000. 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.

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision,…