PGIM Real Estate - Director, Tax (Hybrid)

Posted:
11/13/2024, 4:00:00 PM

Location(s):
Newark, New Jersey, United States ⋅ New Jersey, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Accounting

Workplace Type:
Hybrid

Job Classification:

Finance & Accounting - Finance & Accounting

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

Join a $50B+ REIT Powerhouse. At PGIM Real Estate, we are shaping the future of real estate investing.  As a Director of Tax, you’ll be at the forefront of our industry-leading REIT business. providing tax reporting oversight to assets worth over $50 billion across Core, Core Plus and Value Add funds.  The Real Estate Tax Team is looking for a motivated and intellectually curious manager.  Our multi-tiered funds cover a range of real estate asset classes and promises to keep you learning and growing in the REIT industry.  This role reporting to our Executive Director, Tax, will manage the day-to-day obligations of funds oversight including review of outsourced federal and state compliance, investor tax reporting and withholding, all aspects of REIT compliance including but not limited to quarterly testing, PMQs, due diligence and on-going monitoring to ensure a regulatory-compliant REIT environment.

The current employee work arrangement for this position is hybrid and requires on-site presence on a recurring basis 3 days per week.

What you can expect

  • Drive tax compliance strategies for our multi-tiered funds.
  • Collaborate with internal and external stakeholders on fund launches and restructures and client on-boarding.
  • Partner with Portfolio and Asset Managers to proactively address REIT compliance issues.
  • Work with Tax Providers on quarterly Gain Modeling/Calculations to ensure accurate investor withholding and reporting.
  • Diverse Learning Environment: engage with a wide range of real estate asset classes.
  • Dynamic Growth: Be part of a rapidly evolving sector within a global asset management leader
  • Collaborative Culture: Work alongside top talent in finance, legal and real estate.

What you will bring

  • Bachelor’s degree in accounting, finance or other related field (required).
  • 6+ years of relevant experience including Big 4 and/or real estate private equity or REITs (required)
  • Solid understanding of REIT tax compliance and qualifications (required)
  • Experience with partnership tax issues and reporting
  • Strong analytical skills and proficiency in Microsoft Office Suite

What will set you apart?

  • Ability to “think out of the box” and identify tax saving strategies and efficiencies in the reporting process
    Desire to learn and grow and assume greater responsibility over time
  • Experience working with foreign investors investing in US real estate funds
  • Excellent organization and communication skills
    Able to partner in a team-oriented environment.

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

What we offer you

  • Medical, dental, vision, life insurance and PTO (Paid Time Off)
  • Retirement plans:
  • 401(k) plan with generous company match (up to 4%)
  • Company-funded pension plan
  • Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
  • Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.
  • Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers

Note: 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 $130,000 to $170,000. Specific pricing for the role may vary based on many factors including, 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.

About PGIM - Real Estate

PGIM Real Estate is one of the largest real estate managers in the world with more than $180 billion in gross assets under management and administration.  It strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM’s scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.  Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit www.pgimrealestate.com

Our Commitment to Diversity, Equity, and Inclusion

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

#LI-Hybrid

#LI-SC1

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at [email protected] for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email
[email protected].

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.

Prudential Financial

Website: http://www.prudential.com/

Headquarter Location: Newark, New Jersey, United States

Employee Count: 10001+

Year Founded: 1875

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Asset Management ⋅ Finance ⋅ Financial Exchanges ⋅ Financial Services ⋅ Insurance ⋅ Health Care ⋅ Retirement