PGIM · 1 month ago
PGIM Real Estate – Manager, Fund Operations (Newark, NJ/Hybrid)
Newark, NJ, USA
Full-time
Hybrid
Mid, Senior Level
$120K/yr - $140K/yr
5+ years expPGIM is the Global Asset Management business of Prudential, focused on improving financial services and making a meaningful impact. The Real Estate Fund Accounting Manager will be responsible for overseeing fund operations, ensuring accurate accounting and reporting for real estate investments, and serving as a key point of contact for business and functional teams.
Asset Management
Responsibilities
Oversight of the third-party fund administrator
Ensuring adequate oversight controls are in place and working properly
Providing proper instructions and direction as needed
Managing a calendar of deliverables including changes and up/downstream impacts
Tracking Key Performance Indicators to gauge performance
Balancing expectations/relationships between the business and fund administrator
Ensuring the timely and accurate preparation of: quarterly and annual financial statements; monthly, quarterly, annual and multi-year performance returns; monthly, quarterly data submission to various industry organizations and consultants; client deliverables (client/consultant questionnaires and ahoc request); portfolio analytics deliverables (leasing and other real estate metrics); investor level reporting (client traces, exhibits, unit value calculations)
Supporting the Asset Managers in on-going operational matters
Interacting with PGIM Real Estate Legal and Transaction staff on the acquisitions and sales of investments
Interacting with PGIM Real Estate Policy group in implementing new accounting policies and the application of the appropriate accounting treatment in various complicated transactions
Interacting with PGIM Real Estate Systems on various initiatives as it impacts property/portfolio data
Overseeing various audits with internal and external auditors
Contributing to firm wide projects, initiatives, and process improvements as they pertain to assigned portfolios or the overall Fund Operations team
Qualification
Required
Bachelor's degree in Accounting required
5-8 years of experience in financial accounting including financial statement preparation and review; experience in the real estate investment company industry strongly preferred
Understanding of generally accepted accounting principles as it relates to fair market value of real estate investment company accounting
Understanding of data validation and flow as it relates to accounting/operations deliverables and their down streams effect on other reporting systems/teams
Ability to manage and prioritize multiple processes within tight deadlines while responding to various requests from multiple parties
Commitment to process improvement and always looking to add value
Strong leadership and management skills
Strong analytical, organizational and problem solving skills
Strong interpersonal, communication and partnering skills
Preferred
Prior experience in public accounting or CPA strongly preferred
Experience with managing a third-party fund administrator a plus
Knowledge of and experience with REIT structures and taxation
Working knowledge of joint venture waterfalls and income calculations
Experience calculating or reviewing asset management and/or incentive fee calculations
Knowledge of performance return calculations and GIPS a plus
Proficient in Excel
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
2026-01-12
2026-01-12
Investing.com
2026-01-12
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