Job Classification:
Investment Management - Investments
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 looking for an astute, determined professional like you to fill the position of Investment Vice President within our US Transactions function, covering industrial investments nationally. You will showcase your success through collaboration, ownership, and innovation. Your expertise in emerging trends and practices within the logistics space will help identify new investment opportunities, drive portfolio strategy, and build upon our competitive edge.
The successful candidate will work directly with the head of industrial investments to execute broad-based investment activity nationally with a focus on programmatic joint ventures, portfolio recapitalizations, and/or structured equity, and entity-level transactions. This individual will be responsible for all aspects of sourcing, underwriting, structuring, negotiating, and closing commercial real estate acquisitions, developments, and joint ventures and will assist in managing a small team of junior professionals in support of the industrial team’s activity.
The current industrial transactions team is located in Newark, NJ and looking for a candidate who will be located in either Los Angeles or San Francisco. While not on business travel the expected employee work arrangement is for a minimum of three days in the office.
What You Can Expect
- Handle all areas of due diligence, underwriting, deal modeling, deal structuring, financing, negotiation of deal terms and transition to the industrial asset management team
- Develop and cultivate strong relationships with real estate owners and operators, brokers, investment bankers, joint venture partners, and other industry players
- Work closely with the regional transactions teams to identify, analyze, and present new/unique real estate investment strategies to deliver on fund and firm objectives
- Present potential transactions to PGIM Real Estate portfolio managers across all PGIM Real Estate’s US investment funds; present investments to the investment committee
- Work with the industrial asset management team to monitor operational activity across our extensive existing portfolio, validate underwriting, and create business plans for new investments as well as providing support for existing assets as necessary
- Manage a small team of junior professionals to maximize productivity of the ECM group, develop their skillsets and expertise, and support their overall career progression
What You Will Bring
- Bachelor’s degree required; Finance or Real Estate strongly preferred
- Minimum of 8 years of commercial real estate investment or capital markets experience including sourcing, structuring, and closing real estate transactions
- Experience in originating individual and portfolio transactions directly and/or through joint ventures
- Excellent interpersonal, communication, and negotiating skills
- Excellent quantitative skills and demonstrated analytical ability including underwriting and financial analysis
- Superb organizational skills and detail orientation with ability to manage multiple projects simultaneously
- Understanding of risk management, portfolio diversification, and asset management
What will set you apart?
- Prior employment in the industrial real estate sector
- Existing relationships within the US industrial real estate sector
- Involvement in national or regional industrial professional groups (i.e. NAIOP)
- Willingness to travel to different markets while sourcing transactions, overseeing development projects, and to attend industry events
- 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 from $180,000 to $205,000 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.
About PGIM Real Estate
With $207.9 billion in gross assets under management and administration ($133.8 billion 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,2 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.
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 staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
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