1+ months

PGIM REF - Accountant - PAR0008T

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PGIM Real Estate Finance (PGIM REF) is one of the nations largest full-service commercial, multi-family and agricultural real estate lenders.  PGIM REF originates a wide variety of mortgage investments across its platform for Prudentials General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, or other institutional investors).


Prudential Asset Resources (PAR) is a subsidiary of PGIM REF and is one of the largest commercial and multifamily mortgage servicing firms in the nation. Assets under management include CMBS, Fannie Mae, Freddie Mac, FHA, and insurance company general account loans. The Company is a rated Primary, Master, and Special Servicer. PGIM REF is a diversified mortgage lender with a 125-year commitment to the commercial real estate market.


Position Summary:


PGIM REF is actively seeking a highly-motivated candidate to join its Agency and PAR Accounting team as a Senior Accountant.  This position is based in PGIM REFs Dallas, Texas location.  The position is responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e., borrower deposit, rate lock, funding, and loan settlement) as well as maintaining the associated cash logs.  Other related responsibilities include accounting for Mortgage Servicing Rights (MSRs), analytics (e.g., Revenue schedules and Goal Posts), PASS account reconciliations (Prudentials system for assuring materially correct Balance Sheet account balances), Agency state tax apportionment, Loan Fee accounting, debt (to fund loans) tracking, and creation of robust Policies and Procedures. This role reports to an Associate Manager and will require working closely and partnering with members of PARs Investor Services, Investor Operations, Servicing & Asset Management teams, based in our Dallas office, and will also partner with PGIM REF Controllers and Finance Shared Services (FSS) teams based in New Jersey.

Primary responsibilities include, but are not limited to:

  • Prepare Agency cash logs and corresponding journal entries
  • Prepare mortgage loan accounting entries (including preparation of and maintaining the Agency Mortgage Loan Master Files which track loans at rate lock, funding and settlement).
  • Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries.
  • Obtaining a solid understanding of the business in order to perform effective analytics (e.g. Revenue Schedules and Goal Posts).
  • Prepare Balance Sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off.
  • Effectively partner across the organization with Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting and IT to ensure effective communications across the platform.
  • Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis.
  • Support Investor Reporting on an as needed basis.


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Jobs Rated Reports for Accountant

Posted: 2019-11-07 Expires: 2019-12-13

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51st2018 - Accountant
Overall Rating: 51/220
Median Salary: $69,350

Work Environment
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