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Portfolio Manager, PGIM Real Estate Impact Investing

Prudential


Location:
Madison, NJ
Date:
09/19/2017
2017-09-192017-10-18
Job Code:
407280
Prudential
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Job Details

Position Title: Portfolio Manager, PGIM Real Estate Impact Investing
Job Code: 407280
Job Location: New Jersey-Madison
Description:

Prudential Financial, Inc. (“Prudential”) (NYSE: PRU), a financial services leader with more than $1 trillion in assets under management, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. Headquartered in Newark, NJ, Prudential has 49,000 employees and sales associates servicing nearly 7,800 organizations and over 4 million participants and annuitants in 43 countries and territories.  In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

 

Prudential measures its long-term success on its ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, and to offer an inclusive work environment where employees can develop to their full potential Prudential is committed to keeping its promises and doing business the right way

 

PGIM Real Estate is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $66 billion ($47.6 billion net) as of December 31, 2016.

 

PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies.

 

Prudential’s Impact Investments is a dedicated team that manages impact investments for the company.  Since its founding, it has made more than $2.2 billion in impact investments across a broad array of private asset classes.  The current portfolio has approximately $800 million in commitments of which approximately $200 million is committed to different real estate equity investments.  Real estate equity investments are focused around affordable housing, sustainability and transformative developments in economically underserved areas.  

 

Impact investments are made to create positive, measurable impact on pressing social challenges while also earning an appropriate financial return.  All impact investments undergo rigorous impact evaluation and leverage appropriate third party standards and measurement tools when available. 

 

PGIM Real Estate, with over 45 years’ experience and over $47B of real estate assets under management in the Americas, has pioneered the use of the commingled, open-end equity real estate fund by U.S. pension plans.  The company’s Impact Investing group, with over 40 years’ experience, is considered best in class in the industry and is known for making “Transformative Investments.”  The combination of the expertise of these two groups creates an unrivaled partnership in the impact market.   

 

Position Overview:

 

PGIM Real Estate seeks to hire a portfolio manager for its newly created Impact Investing real estate group.  The ideal candidate will have a professional background that includes deep client and stakeholder management skills; capital raising experience; rigorous analytical training; deep connection to the impact investing space; a broad real estate background with experience in asset management, transactions, debt, and portfolio management; strong leadership skills and excellent presentation skills are essential.
   
Duties & Responsibilities:

 

Portfolio Management

  • Assist in creating investment strategies and guidelines suitable to meet fund objectives.
  • Analyze investment results and portfolio performance in relation to portfolio objectives.
  • Alter strategies to compensate for unanticipated events or market changes.


Investment Management

  • Assist Transactions in identifying and underwriting investment opportunities.
  • Develop and maintain relationships with partners and market participants.


Business Development

  • Lead and participate in fund raising efforts.
  • Develop and maintain relationships with consultants, clients and marketing personnel.

 

Impact evaluation and reporting

  • Review and design appropriate impact evaluation and reporting tools
  • Ensure that all investments maximize impact opportunities and social impacts are properly evaluated within the investment process

 

Client Relations/Communications

  • Direct messaging for client reports/perform client presentations detailing portfolio activity and results.  
  • Respond to client and consultant requests, inquiries and issues.

 

Internal Stakeholder Communications

  • Lead internal communications between PGIM and the Impact team, cultivating an inclusive stakeholder process. 
  • Develop and maintain relationships across the firm. 

 


  • Bachelor’s degree from an accredited institution in business administration, economics, finance or real estate. Master’s Degree with an emphasis on finance, economics or real estate, preferred
  • 15-25 years of experience across impact investing, real estate portfolio management, asset management, transactions, development or related discipline preferred
  • Broad knowledge of impact measurement and trends in the impact investing space
  • Broad knowledge of real estate markets and product types along with significant experience in areas of financial analysis, asset management, development, acquisitions, sales, financing and partnership structuring
  • Understanding of economics and risk/rewards involved in various types of real estate transactions
  • Understanding of portfolio goals and how specific properties contribute to performance
    Knowledge of fund accounting, financial reporting, diversification strategies, and attribution analysis
  • High standard of moral and ethical judgment and behavior
  • Ability to manage complexities.
  • Ability to think strategically and creatively 
  • Highly motivated and results oriented
  • Strong interpersonal skills  
  • Strong communications skills
  • The ability to maintain close key relationships with clients, consultants
  • Ability to lead and inspire team members
  • Connectivity to the impact mission of Prudential

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: Real Estate
Schedule: Full-time
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