PGIM · 3 months ago
Senior Asset Manager - PGIM
Dallas, TX, USA
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expPGIM is a global asset management business of Prudential, dedicated to improving financial services and making a meaningful impact. They are seeking a Senior Asset Manager for their US NonCore Debt Asset Management Team, responsible for managing a portfolio of mortgage loans and implementing strategies to mitigate losses and maximize recoveries.
Asset Management
Responsibilities
Monitor business plans across multiple property types to ensure timely execution of the defined exit strategy. This includes communicating regularly with borrowers to understand where actual performance deviates from the business plan and proactively working with borrowers as necessary to address any implications to the risk profile of the capital structure
Review monthly performance figures for each property in the portfolio in the team’s monthly/quarterly reporting workbook
Review loan performance and work with Team Manager regarding loans that should be placed on watchlist. Update watchlist information, proactively monitor property operating performance and trends and report findings based on PGIM RE guidelines
Collaborate internally w/Portfolio Management on the implementation of overall Asset Management strategy to align with PGIM Real Estate’s credit objectives
Write clear and concise credit recommendations and present to investment committee
Lead outside counsel to appropriately draft documentation implementing PGIM Real Estate’s selected asset management strategy
Develop workout plans for distressed loans and negotiate loan modifications, extensions and restructurings with borrowers to implement approved plans
Collect, analyze, document, and submit borrower request packages (credit actions) to Team Manager/Portfolio Management for approval. Credit actions to include (but not limited to): modifications, extensions, assumptions, ownership transfers, advances (future funding) or reserve disbursements related to construction, capex, TI/LC, debt shortfalls, etc.; lease approvals, easements, property management changes, etc
Lead enforcement actions where necessary
Maintain and foster relationships with borrowers, intermediaries, investors, and the originations teams
Adhere to loan documents and any other governing documents when performing all responsibilities
Qualification
Required
Bachelor's degree preferably in Real Estate, Finance, Accounting, Economics or related discipline
10+ years related commercial real estate debt experience with structured products including mezzanine and preferred equity or equivalent combination of education and experience
Ability to make recommendations to multiple portfolio managers with different return strategies
Experience reviewing and negotiating loan documents
Strong customer service skills with the ability to communicate clearly with all clients and stakeholders in a hybrid and virtual team environment
Strong organizational skills with the ability to multi-task, work independently and as part of a team in a time sensitive environment where meeting established deadlines are critical
Proficiency in analyzing property business plans, generating financial models, and applying critical thinking skills across all property types, structures, risk profiles, and geographies
Eagerness to collaborate with team members to achieve common teamwide goals
Proficiency in Excel
Preferred
Significant prior experience resolving underperforming loans, including knowledge of loan modification and restructuring processes
Significant prior experience with a value-add debt portfolio which may include originations or underwriting roles
Experience presenting to investment committees
Knowledge of structured commercial real estate lending products including mezzanine and preferred equity structures
Experience managing ground-up construction and value-add business plans
Benefits
Market competitive base salaries, with a yearly bonus potential at every level.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programs 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 and mental health, and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
Company
PGIM
PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.
1001-5000 employees
H1B Sponsorship
PGIM has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (15)
2024 (12)
2023 (8)
2022 (8)
2021 (7)
2020 (14)
Funding
Current Stage
Late StageLeadership Team
Jakob Wilhelmus
Director, Thematic Research
Recent News
2025-12-16
globallegalchronicle.com
2025-11-29
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