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Are you highly motivated, intellectually curious, and willing to jump in to make impactful contributions? Are you ready to be a key contributor to a team and help get the job done? If so, then becoming an Investment Associate within a culture that treats our talent like an investment might be the right job for you!
We are looking for an astute, determined professional like you to fulfill a critical Associate position supporting our Debt originations business with a focus on higher yielding bridge, construction, mezzanine, and preferred equity transactions.
What you can expect
- Analyze and underwrite commercial real estate debt investment opportunities across all property types with a focus on structured Debt originations including construction, mezzanine, and preferred equity structures.
- Create cash flow models, Argus models, sensitivity tables, rent roll analyses, waterfall models, and other financial analyses required to evaluate, pursue, and close debt investment opportunities.
- Prepare Investment Committee memoranda and related materials through market research, risk analysis, and in‐depth understanding of investment factors and credit risks.
- Analyze economic, market, legal, and political conditions within an investment’s geography.
- Assist senior professionals in leading the due diligence and closing processes for originations in conjunction with portfolio management team.
- Assist in loan level financings, appraisal review, and other activities that may require feedback from the debt originations or real estate transactions group, portfolio management team, or loan servicing group.
What you will bring
- Bachelor’s degree required in Finance, Real Estate, or related discipline.
3 or more years commercial real estate work experience. - Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, expense recoveries, property types.
- Understanding of basic finance concepts such as amortization, interest rates, net operating income, cash flow returns, cap rates, internal rate of return, present value/discounted cash flow, and property valuations.
- Advanced knowledge of Microsoft Excel.
- Strong quantitative skills and demonstrated analytical ability.
- Ability to operate independently and in a team environment, with good judgement and attention to detail while managing multiple projects simultaneously.
- Interact professionally with internal and external parties, including originations, transactions, risk, legal, developers, investment firms, borrowers, and third‐party service providers.
- Self‐motivated with perseverance, and a hands‐on, proactive style.
- Some travel is required.
What will set you apart
- Proficiency in Argus Enterprise.
- Experience with construction financing, mezzanine, and preferred equity.
Source: PGIM Real Estate Career Page
