Prudential Financial

Manager, Fund Operations

Prudential Financial

full-time

Posted on:

Location Type: Hybrid

Location: Newark • New Jersey • 🇺🇸 United States

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Salary

💰 $120,000 - $140,000 per year

Job Level

Mid-LevelSenior

About the role

  • 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.

Requirements

  • 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
  • Prior experience in public accounting or CPA 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.
  • Experience with managing a third-party fund administrator a plus
  • Knowledge of and experience with REIT structures and taxation
  • 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
  • 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
  • Strong leadership and management skills
  • Strong analytical, organizational and problem solving skills
  • Strong interpersonal, communication and partnering skills.
Benefits
  • Medical, dental, vision, life insurance, disability insurance
  • Paid Time Off (PTO)
  • 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.
  • 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.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial accountingfinancial statement preparationdata validationjoint venture waterfallsincome calculationsperformance return calculationsGIPSasset management calculationsincentive fee calculationsExcel
Soft skills
leadershipmanagementanalytical skillsorganizational skillsproblem solvinginterpersonal skillscommunication skillspartnering skillsprocess improvementprioritization
Certifications
Bachelor’s degree in AccountingCPA