General Manager – Sentry
Broadridge
Senior Asset Manager
Prudential Financial
full-time
Posted on:
Location Type: Hybrid
Location: Dallas • Texas • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- 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
Requirements
- 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
Benefits
- 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
- 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 modelingloan document negotiationcredit analysisrisk assessmentworkout plans developmentloan modificationsstructured productsmezzanine financingpreferred equityproperty business plan analysis
Soft skills
customer servicecommunicationorganizational skillsmulti-taskingindependent workteam collaborationcritical thinkingtime managementrelationship managementpresentation skills
