PGIM Real Estate –Investment Analyst (Hybrid-San Francisco, CA) at Prudential Ins Co of America in San Francisco, California

Job Description:

Job Classification:

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 fulfill an Analyst level position within our Asset Management function based out of our San Francisco Office, covering a large portfolio of Industrial Assets located in the western United States across various stages of the investment cycle. You will showcase your success through collaboration, ownership and innovation.

Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place.

What you can expect

• Work directly with a senior asset manager and a team on a portfolio of industrial investments.


• Provide general asset management and direction for a portfolio of industrial assets across varying Fund risk spectrums including pre-development and development assets. 


• Maintain frequent contact with property managers, operating/development partners and leasing brokers.


• Review periodic property reports and track operating performance. Prepare regular updates summarizing results and respond to information requests.


• Assist and participate in the evaluation and negotiation of common real estate contracts, including leases, loan documents, development service agreements, and property management/leasing agreements Utilize Excel, Argus, and Word to prepare analyses of various investment decisions - including hold/sell, leasing, and financing scenarios.


• Review quarterly appraisals for factual accuracy and consistency with other similar properties.


• Oversee and assist in the budget process and preparation of the annual strategic plan for each property.


• Prepare and/or review periodic internal reports and respond to information requests from the Portfolio Management team.


• Work collaboratively with the transaction team for both the acquisition and disposition of properties.


• Monitor construction process on development investments in coordination with consultants to ensure quality of construction. Review draw schedules for properties under development.

What you will bring

• Bachelor’s degree required; emphasis in real estate or finance preferred.


• Basic understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements, development agreements and loan agreements.


• Understanding of basic real estate terms and concepts such as net leases, gross leases, rents, operating expenses, capital expenditures, recovery of expenses, and basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.


• Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.


• Awareness of ESG, proptech, and data initiatives.


• Strong interpersonal/communication skills (oral & writing); ability to develop and ask questions, negotiate acceptable terms with third parties and to make presentations to senior management, investment committee or clients, when necessary.


• Capability of simultaneously handling multiple assignments and to direct and monitor the activities of others on a systematic basis.


• Ability to use financial and valuation software including Argus, Word and Excel

*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 $80,000 to $90,000. 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:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.