Prudential Financial

PGIM Real Estate -Agency Underwriter

Prudential Financial$135K — $145K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree and 4+ years in commercial underwriting
  • Proficient in analyzing Mortgage Credit and Borrower structures
  • Strong knowledge of Agency financing and multifamily financing alternatives
  • Experience in mentoring and training junior team members
  • Ability to manage loan transactions with minimal supervision

Responsibilities

  • Monitor due diligence materials and approvals
  • Serve as primary point of contact for clients on credit issues
  • Train and mentor underwriting team members
  • Review and approve due diligence materials for loan submissions
  • Finalize underwriting narratives or direct underwriting staff
  • Communicate loan process details to stakeholders
  • Conduct site visits independently
  • Present to Investment/Loan Committee as needed
  • Research market trends and fundamentals
  • Collaborate with Agency partners throughout transactions

Benefits

  • Market competitive base salaries with annual bonus potential
  • Comprehensive medical, dental, and vision insurance
  • 401(k) plan with company match up to 4%
  • Company-funded pension plan
  • Wellness Programs with reimbursement for wellbeing needs
  • Work/Life Resources for various personal support topics
  • Education Benefit for college and certificate programs
  • Employee Stock Purchase Plan at 85% of lower price
Full Job Description
Job Classification:
Investment Management - Investments

We are seeking an InvestmentAssociate, Agency Underwriter to join our Agency Lending business. As a member of the multifamily underwriting team, this role plays a critical part in managing loan transactions from initial screening through final approval. You'll work closely with clients, Agency partners, and internal stakeholders to ensure thorough due diligence and credit analysis, while also mentoring junior team members and contributing to the strategic direction of the underwriting function. This is a highly collaborative role that combines technical expertise with leadership and client engagement.

The role will be a hybrid role (3 days working in the office).

What you can expect
  • Monitor the collection and due diligence materials as well as approval of due diligence materials reviewed by underwriting staff.
  • Serve as the primary point of contact for clients and may be the point of contact on credit and underwriting issues with the Agency, when necessary.
  • Responsible for training underwriting team members.
  • Complete review, analysis and approval of due diligence materials related to a loan submission.
  • Review and provide commentary on third party reports.
  • Finalize the underwriting narrative and model and/or provide direction to underwriting staff.
  • Ensure on-going communication on all aspects of the loan process with key stakeholders.
  • Conduct site visits independently.
  • Present to Investment/Loan Committee when necessary.
  • Research and analyze markets/submarket trends and fundamentals
  • Ability to collaborate with Agency partners as necessary throughout the transaction.
  • Mentorship of Analysts.


What you will bring
  • Bachelors Degree and 4+ years of experience in commercial underwriting experience
  • Ability to take ownership for loan transactions and manage workload with minimal supervision
  • Thorough product knowledge of Agency financing and general multifamily financing alternatives
  • Proficient in analysis of Mortgage Credit and Borrower structures
  • Experience mentoring and training junior team members


What will set you apart:
  • Excellent verbal and written communication skills
  • Strong attention to detail
  • Proven management capability
  • Excellent critical thinking and decision-making skills

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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 $135,000 to $145,000. 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.

What we offer you:

  • 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).


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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

About Prudential Financial

Prudential Financial is a financial services company that specializes in the fields of investment management, life insurance, and retirement benefits. It focuses on helping individuals and institutional customers to grow and protect their wealth. The company also offers an inclusive work environment where employees can develop to their full potential, and give back to the communities where they live and work. Prudential Financial was founded in 1875 and headquartered in Newark, New Jersey.

Prudential Financial Careers

Join the esteemed ranks of Prudential Financial, a global leader in financial services, where your career is nurtured, your innovation valued, and your professional growth guaranteed. Work You’ll Do At Prudential Financial, we are committed to helping individuals and businesses tackle their financial challenges with robust solutions. As part of our team, you will lead efforts to innovate and expand our services, ensuring that we remain at the forefront of the financial industry. Transform the financial landscape with your expertise and join a team where diversity, leadership, and personal growth are not just encouraged but actively fostered. With Prudential Financial, you position yourself at the nexus of finance and cutting-edge innovation. Collaborate with a global network of professionals, dedicated to steering clients through their financial journeys with precision and foresight. Our culture thrives on teamwork, leadership, and a shared commitment to excellence. Prudential Financial Job Opportunities We are actively hiring and have a variety of job opportunities designed to bring out the best in each employee. From entry-level positions to leadership roles, Prudential Financial offers a path for every ambitious professional eager to make an impact in the financial sector. Do Innovative Work Join our team of over 40,000 professionals worldwide, working together to reshape the future of finance. At Prudential Financial, your skills in networking, strategic thinking, and leadership will drive change and foster an environment of continuous innovation and growth. Internship Programs Kickstart your career with a Prudential Financial internship. Our programs offer invaluable industry insights and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark. Benefits and Culture Prudential Financial is not just about professional achievements but also about personal well-being. Our employees enjoy comprehensive benefits, including health, life, and disability insurance, retirement plans, and generous paid time off. More than just benefits, our company culture is built on mutual respect, inclusivity, and the collective pursuit of excellence. Future-Proof Your Career With Prudential Financial, career advancement is a reality. We provide extensive training and development programs, including leadership and diversity training, to ensure you are always ahead of the curve. Explore Discover how Prudential Financial leads the way in financial innovation and client service. Read more about our latest projects and the impact they have on our clients and the industry. Stay Connected Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players. Explore Prudential Financial jobs today and find where you fit in our dynamic team. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Prudential Financial.
Learn more about Prudential Financial
Size
88 employees
Market Cap
$36.2 billion
Industry
Net Income
-$374 million
Founded
1875
5 Year Trend
+3.8%
Revenue
$57 billion
NASDAQ

Similar Jobs

More Jobs at Prudential Financial

More Real Estate & Construction Jobs

Find similar PGIM Real Estate -Agency Underwriter jobs: