Job Classification:

Investment Management - Investments

PGIM: 2025 Real Estate, Investment Analyst Program

Location(s): 

Newark, NJ (Equity & Debt); New York, NY (Debt); Atlanta, GA (Equity & Debt); San Francisco, CA (Equity & Debt); Chicago, IL (Debt); Dallas, TX (Debt); Los Angeles, CA (Debt); Arlington, VA/DC Metro Area (Debt) (Hybrid)

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.

With $208B in gross assets under management and administration ($131B net), 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, 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. 

Timeline:

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.

Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.

Your Day to Day:

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. Your placement within PGIM Real Estate will be in one of the following areas:

PGIM Real Estate Equity Business

• Acquisitions (Transactions) – Acquisitions analysts will be a part of a small team responsible for the sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all PGIM Real Estate’s portfolios.  Build cash flow and waterfall models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, and other financial analyses required to evaluate, pursue, and explain acquisition/development opportunities. 
• Asset Management – Collaborate with partners, consultants, property managers and leasing brokers to manage a portfolio of operating assets, development projects, and/or repositioning projects across the risk spectrum. Drive asset performance through the execution of leasing, operational, financing, and disposition strategies.  

PGIM Real Estate Debt Business

• Originations - Assist investment professionals in analyzing and securing loans. Responsible for all phases of evaluating new investment opportunities including cash flow modeling, property valuation, sensitivity analysis, market research, and credit analysis. Help manage the deals throughout the due diligence and closing process.
• Underwriting - Analyze potential loans to ensure they meet appropriate standards. Day-to-day responsibilities include handling the due diligence process with internal and external parties, analyzing investment strategy, cash flow assumptions, and market data, and completing detailed investment packages for credit approval.
• Portfolio or Deal Management – Key responsibilities include assisting credit officers in achieving the overall domestic and international mortgage production goals and serving as a resource for origination teams on policies and procedures throughout the life cycle of a deal.

Responsibilities may include but are not limited to:

• Conducting financial modeling to evaluate potential new investment opportunities.
• Underwriting and analysis to support asset management decisions (e.g., leasing, financing, buy/sell scenarios, property valuations, and joint venture structuring).
• Creating and implementing strategies for developments, renovations/repositionings, and capital projects. 
• Collaborating with external parties including leasing/sales brokers, property managers, joint venture partners, and legal counsel.
• Providing analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and preparation of loan briefs for investment committee approval.

Required Qualifications:

• Candidates must be enrolled in an accredited bachelor’s program or 5th year master’s program graduating between December 2024 and May 2025
• Minimum GPA of 3.0
• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration

Preferred Qualifications:

• Finance, Economics, or Real Estate majors preferred but not required
• Strong quantitative skills and proven analytical ability
• Understanding of real estate and finance terms and concepts preferred
• Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously

Our Application Process:

Submit your application. If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s). If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

For 2025 early talent roles, our process is designed to help you learn more about Prudential/PGIM and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of the team.

Note: The salary range for this role is $80,000 to $85,000. 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. 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.