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Asset Manager

Prudential


Location:
Dallas, TX
Date:
04/28/2017
Job Code:
399898
Prudential
Apply on the Company Site
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Job Details

Position Title: Asset Manager
Job Code: 399898
Job Location: Texas-Dallas
Description:

Prudential Asset Resources (PAR) is a subsidiary of PGIM Real Estate Finance and one of the largest commercial and multifamily mortgage servicing firms in the nation.  Assets under management include Fannie Mae, FHA, insurance company general account, and securitized loans.  PAR is rated as a Primary, Master, and Special Servicer.  PGIM Real Estate Finance is a diversified mortgage lender with a 125-year commitment to the commercial real estate market.

 

The candidate will be responsible for independently managing a complex portfolio of commercial real estate loans with minimal supervision.  The candidate shall possess strong credit skills to assess and manage risk, produce decisive credit action recommendations (i.e. modifications, property substitutions and assumptions), create watch list comments and ensure loan covenant compliance.  The candidate should be proficient with the Agency Guides and will manage a portfolio of primarily Freddie Mac commercial mortgages.  The candidate must provide superior customer service, create efficiencies and promote trust. The candidate shall possess good common sense, sound business judgment and will be dependable demonstrating a high level of integrity.

 

Responsibilities:

 

Credit Actions:  Perform cash flow analysis, market surveys, document review and other due diligence necessary to produce prompt, well written and supported case recommendations for complex borrower requests. Transactions involve varied capital sources (CMBS, Fannie Mae, Freddie Mac) varied debt structures, different property types, and include loans located throughout the US

 

Triggers:  Ensure loan covenant compliance requirements are managed timely and effectively including initial input, post-closing monitoring, maintenance of collateral, and debt service thresholds.

 

Watch list:  Provide written analysis identifying key trends and issues noting any corresponding mitigants. Recognize broad implications of process and take initiative to improve quality of reporting and early detection of issues. Possess the ability to discuss relevant issues and provide remedies.

 

Create Efficiencies: Attention to accurate detail, take initiative to continually improve the integrity of portfolio information and standardized reporting while ensuring the highest quality case recommendations

 

Treats talent as a strategic differentiator and is personally invested in the success of others.  Shares talent to effectively mobilize resources to achieve intended results.  Continually develops knowledge and skills (including mentor and coaching others) that positively impact performance


  • Business degree preferred with 3-7 years or equivalent commercial real estate lending experience
  • Strong understanding of commercial loan documents for a variety of capital sources and varying degree of complexity
  • Solid understanding of the life of a commercial loan (loan closing to disposition of asset)
  • Excellent written and verbal communication skills
  • Excellent interpersonal and customer service skills are essential including the ability to create/build and maintain relationships with internal and external parties
  • Proven analytical and problem solving skills
  • Excellent organizational skills are required (e.g. multitask in a time sensitive environment)
  • Personal computer skills (Excel, Word, Lotus Notes or Outlook)

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Mortgage
Schedule: Full-time
Apply on the Company Site

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