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PGIM Real Estate Loan Services is seeking an Asset Manager to join its Agency Asset Management team. This role encompasses the monitoring of asset performance, underwriting credit requests, and monthly reporting. It presents a unique opportunity to acquire and hone a diverse skill set in agency asset management, finance, credit analysis, and presentation.
The Agency Asset Management team is highly collaborative and committed to outstanding client service. The ideal candidate is strategically minded with excellent analytical and problem-solving skills. They would consider themselves a self-starter with a strong sense of urgency.
This team is based in Dallas, Texas and are currently working on-site 3 times a week.
What you can expect
- Independently oversee a portfolio of Fannie Mae and/or Freddie Mac multifamily loans secured by properties located throughout the U.S.
- Evaluate requests from borrowers on existing loans, recommend lender credit decisions and facilitate transactions, such as transfers of ownership, modifications, partial releases, property substitutions, lease approvals, easements, reserve disbursements, casualty losses, and property management changes.
- Engage in frequent verbal and written communication with borrowers, legal counsel, loan officers, Agencies, master servicers, and investors.
- Perform cash flow analysis, market assessments, and due diligence to produce well-supported case recommendations for complex borrower requests.
- Analyze historical operating trends and identify potential areas of risk associated with multifamily loans and collateral properties. Provide written analysis identifying key trends and issues, along with corresponding mitigants.
- Manage multiple monthly and quarterly portfolio processes including watchlist review and analysis, new loan setup review, covenant monitoring, delinquency monitoring, maturity management, and assist surveillance associates with financial statement collection and analysis.
- Conduct property inspections and prepare detailed reports assessing physical condition, compliance with loan terms, and overall property management. Review third-party inspection reports to assess the same.
- Take initiative to continually improve the integrity of portfolio information with attention to accurate detail and meet capital source reporting deadlines. Build synergies with both internal and external groups (loan originations, legal, compliance, servicing, accounting, Fannie Mae, Freddie Mac, Master Servicers and third-party vendors) to enhance efficiency and transparency. Proactively identify and lead the implementation of innovative and practical solutions.
- Achieve ongoing training and industry participation targets.
- Provide support for special projects at PRELS and within the Agency Asset Management team.
What you will bring
- 3+ years of proven experience as an Asset Manager in a similar role.
- Familiarity with commercial real estate lending products/terms, loan documents and servicing requirements.
- Demonstrated technical writing capability.
- Proficiency in Microsoft Office and other industry-related software.
- Ability to travel occasionally for property inspections and industry events..
- Strong organizational skills and attention to detail with ability to manage multiple projects and prioritize work based on established deadlines.
- Outstanding customer service skills are essential, including the ability to create/build and maintain relationships with internal and external clients.
What Will Set You Apart:
- Bachelor’s degree in Real Estate, Business, Finance, Economics, Mathematics, or related discipline.
- Asset management experience with Fannie Mae Multifamily, Freddie Mac Multifamily or CMBS loans.
- Familiarity with the requirements of the Freddie Mac or Fannie Mae Multifamily Selling and Servicing Guides, Subservicing Agreements and Pooling and Servicing Agreements.
- Qualified inspector for Fannie Mae and Freddie Mac multifamily properties.
- Enhanced software competencies including advanced Excel, Power BI, and web-based servicing systems.
*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
