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PGIM Ireland are seeking to hire a Real Estate Servicing Specialist for PGIM Real Estate Loan Services who are responsible for the servicing and asset management of commercial loans originated by PGIM Real Estate (PGIM RE). This team supports the servicing of assets across the capital stack for EMEA, APAC and the USA. The team are responsible for the collection and spreading of reporting, review of compliance certificates, monitoring of covenant levels, review of property monitoring reports and monitoring the performance of deals for multiple capital sources. The team also assists with the preparation of investor reporting packages for all of the products the group services. Members of this team may also be responsible for bank administration, including the opening of internal bank accounts, perfecting charge over blocked borrower bank accounts and system administration of external banking systems.
Irish hours will apply from Monday to Friday, however there is a requirement to be flexible, specifically during peak times. Hours are subject to change in line with role requirements.
What you can expect
- Asset Performance/Surveillance – Collection of reporting, review of compliance certificates, confirmation of covenant adherence, review and analysis of property monitoring reports, monitoring performance trends, review and interpretation of loan documents.
- Investor Reporting– Preparation of property related investor reporting
- Banking Admin – Managing multiple international bank and borrower relationships
- Treasury – cash movements for multiple currencies across differing banking institutions.
- Proactively communicate to relevant stakeholders, internally and externally.
- Servicing/Cash Management – Calculation of debt service, delivery of billing letters, remittance reports and application of waterfall structures
- Collaborate with multiple areas of the PGIM RE to ensure the highest level of service.
- Anticipate issues that may adversely affect portfolio performance and take action to reduce risks.
- Lead and manage special projects as assigned, as well as propose and drive process enhancements and automation.
- Cultivate both internal and external relationships to ensure proper service levels are achieved for each portfolio function.
- Review policies and procedures and ensure consistency across the regions.
What you will bring
- Bachelor’s Degree in finance, business, accounting or related fields,
- Prior commercial mortgage/real estate/finance experience desirable
- Prior loan servicing/asset management experience, a plus
- Strong financial services acumen and background required
- Prior experience in the analysis of financial statements, business plans, tenancy schedules across multiple asset classes desirable
- Ability and acumen to analyze data and the underlying drivers of results, including the calculation of performance level ratios
What will set you apart?
- Strong financial services acumen and background
- Strong Microsoft Excel skills. Ability to work with Power BI a plus.
- Excellent oral and written communication skills
*PGIM welcomes all applicants, even if you don’t meet every requirement. If your skills align with the role, we encourage you to apply.
Source: Prudential’s Career Page
