PGIM - Sr. Investment Associate; Residential Loan Credit & Due Diligence) Opens in window

AT PRUDENTIAL AND PGIM, YOU CAN.

Here you’ll find a high-performance culture that’s flexible, collaborative, and grounded in respect. We engage with candor, take calibrated risks, and hold ourselves accountable — always focused on delivering for our customers. It’s the standard we choose every day as we grow, perform, and win as one team.

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

We are seeking an experienced residential mortgage credit professional to support the acquisition, asset management and loss mitigation of closed DSCR and other Non-QM residential mortgage loans for a large institutional investment portfolio. Working directly with senior investment professionals, this individual will evaluate bulk and flow purchases, resolve diligence findings, monitor post-purchase performance and support loan-level workout decisions.

This is an investor-side role rather than a traditional production-underwriting position. The successful candidate will assess each loan as an investment, distinguish curable exceptions from material credit or enforce ability risks and exercise sound judgment when guidelines and documentation do not provide a mechanical answer.

This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remotely. Remote work arrangements may be considered.

What you can expect

• Review DSCR, business-purpose, and Non-QM loans for compliance with acquisition guidelines, trade stips, and exceptions.
• Assess DSCR and property cash flow, including leases, rents, taxes, insurance, vacancy, and short-term rental assumptions.
• Evaluate collateral and valuation risk, including LTV/CLTV, appraisals, property condition, comparables, BPOs, AVMs, and valuation variances.
• Identify layered credit and collateral risks across leverage, purpose, cash-out, seasoning, loan size, property type, geography, reserves, experience, and documentation.
• Review title, insurance, closing and legal documents, and reconcile loan-tape data to source documentation for material discrepancies.
• Manage third-party due diligence, including vendor workflow, scope, findings, budget, documentation, and issue resolution.
• Evaluate and disposition exceptions and deficiencies through cures, compensating factors, waivers, structural protections, repricing, or loan removal.
• Provide investor recommendations and transaction execution, escalating material risks and managing pools through diligence, purchase, funding, and post-purchase review.
• Monitor asset performance and loss mitigation, evaluating delinquencies, servicing activity, workouts, foreclosure alternatives, recoveries, losses, and lessons learned to improve acquisition standards.

What you will bring

• 5+ years of hands‑on experience reviewing residential mortgage loan files, preferably involving DSCR, business-purpose, Non-QM, whole‑loan acquisitions, third‑party diligence, correspondent credit, warehouse credit or post‑close review.
• St…