PGIM Real Estate-Senior Accounting Specialist

PGIM Real Estate Accountant

The PGIM Real Estate Loan Servicing business is seeking an Accountant to join its Agency Accounting Team. You will be 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 (MSR's), analytics (e.g., Revenue schedules and "Goal Posts"), PASS account reconciliations (Prudential's system for assuring materially correct Balance Sheet account balances), Loan Fee accounting, debt (to fund loans) tracking, and creation of robust policies and procedures.

The ideal candidate will be collaborative, initiative-taking, and work well within a fast-paced, challenging environment. They will take ownership of their work and accountability for driving positive business outcomes.

This position is based out of our Dallas, TX office. Our organization follows a hybrid work structure where employees work remotely and from the office. You are expected to be in the Dallas office three times a week.

What you can expect:

• Prepare Agency cash logs and corresponding journal entries.
• Prepare bank account reconciliations.
• Prepare closing wires and reconcile borrower's deposits through Loan Fee Accounting.
• 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 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.

What you will bring:

• Bachelor's degree and 2+ years of relevant accounting experience
• Solid understanding of GAAP accounting principles.
• Strong accounting, research, and analytical skills.
• Ability to drive process improvement.
• Strong technical skills including advanced knowledge of Excel.
• Strong interpersonal, communication and partnering skills.
• Willingness to work extended hours and the ability to support other internal groups as needed.
• Exceptional Microsoft Office skills (Excel, Word)
• The candidate should have the ability to multitask, self-motivate, and prioritize work effectively in a face-paced environment. They should enjoy problem solving and collaborating in a team environment.

What Will Set You Apart:

• Public accounting firm experience / CPA / MBA a plus
• Experience in commercial real estate, Financial Services, or Asset Management industry.
• Real Estate industry knowledge of debt/equity terms and financial application
• Experience with SQL Oracle GL systems.

*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 $65,000-$75,000. 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.