21 days old

PGIM Real Estate - Director, Valuations - VAL0005P

Prudential
Madison, NJ 07940
  • Job Code
    610320
Primary Location United States-New Jersey-Madison
Job:Full-time
Travel:Yes, 25 % of the Time
Description
!*!

As one of the largest real estate managers in the world with $179.2 billion in gross assets under management and administration1, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.3 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).


Position Summary

PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., is seeking a Director reporting to the Global Chief Real Estate Appraiser. The position will ideally be located in PGIM Real Estates Madison, NJ office, although the company maintains offices in multiple other US cities and would be considered for the right candidate.


Duties & Responsibilities:

Assists the Global Chief Real Estate Appraiser on investment grade real estate valuation issues including oversight responsibility of an outsourced valuation management firm.


Responsible for reviewing and validating analyses on debt & equity investments that establish market values and property ratings for fair value reporting for assets and liabilities for investments managed by PGIM Real Estate.


Acts as a liaison between parties to resolve complex valuation issues for domestic & international real estate funds.


Applies judgment utilizing real estate industry best practices and established policies and guidelines.


Prepares varying levels of portfolio analyses for reasonableness tests.


Performs other ad hoc analysis to support financial reporting and management decision making.


Leads discussions with internal and external auditors and responds to audit questions.


Trains asset managers (and vendors) on valuation techniques, process and procedures


Travel required up to 25%



Qualifications
@!*!

Bachelors degree in real estate valuation or related program such as Accounting or Finance


Certified General Real Estate Appraiser and MAI (preferred)


5 years real estate valuation national experience; debt underwriting experience a plus


Full working knowledge of Argus cash flow programs and a complete and thorough understanding of all real estate valuation concepts and techniques.


Excellent analytical and communication skills (both written and verbal)


Strong time management and organizational skills


Ability to work independently with minimum supervision


Attention to detail, yet able to summarize and communicate complex issues effectively


Able to achieve results through influence without direct reporting lines or control of resources


Able to communicate and partner effectively with both senior management and real estate appraisers/consultants


Ability to manage several simultaneous projects and work



@!*!Prudential is a multinational financial services leader with operations in the United States Asia Europe and Latin America. Leveraging its heritage of life insurance and asset management expertise Prudential is focused on helping individual and institutional customers grow and protect their wealth. The companys well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services including life insurance annuities retirement-related services mutual funds asset management and real estate services. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Categories

Posted: 2020-11-11 Expires: 2020-12-11

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PGIM Real Estate - Director, Valuations - VAL0005P

Prudential
Madison, NJ 07940

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