PGIM Real Estate – Manager, Fund Operations (Newark, NJ/Hybrid) position at Prudential Financial.| United States Of America

Prudential Financial PGIM Real Estate – Manager, Fund Operations (Newark, NJ/Hybrid)

Experience: 8-years

Pattern: full-time

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Newark, NJ, US..........United States Of America

Job Classification: Investment Management - Investment Operations A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can! What you will do The Real Estate Fund Accounting Manager, will be a member of the Fund Operations team that services and supports PGIM Real Estate in the accounting and reporting of real estate investments acquired within PGIM Real Estate’s domestic portfolios. The Manager will be primarily accountable for the accurate and timely accounting and reporting for their assigned portfolios. This position will be a key point of contact for all business and other functional teams as it relates to their assigned portfolios. What you can expect 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. What you will bring 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 *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 $120,000 to $140,000. 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. 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. About PGIM Real Estate With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. ( NYSE: PRU ). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2 and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com . 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), 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. 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. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law. If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com . If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance .

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