PGIM Senior Director, Underwriter (Hybrid)

Senior Underwriter

Investment Management - Investments

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!

PGIM Real Estate (PGIM RE) is one of the nation's largest full-service commercial real estate lenders. PGIM RE originates a wide variety of commercial mortgage investments for Prudential's General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors).

We are seeking a Senior Underwriter to join our Agency Lending business. As a senior 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 based in any of the following locations: Arlington, Chicago, San Francisco, Los Angeles, Dallas.

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 serve as the point of contact on credit and underwriting issues with the Agency, when necessary.
• Responsible for training team members.
• Complete review, analysis, and approval of due diligence materials related to loan submissions.
• 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.
• Actively collaborate across the Underwriting team on portfolios or larger underwriting efforts.
• Ability to proactively collaborate with Agency partners as necessary throughout the transaction.
• Present to Investment/Loan Committee when necessary.
• Research and analyze markets/submarket trends and fundamentals.
• Management and mentorship of team analysts.

What You Will Bring

• Bachelor's Degree and 8 or more 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 (specifically Fannie Mae and/or Freddie Mac experience) and general multifamily financing alternatives
• Proficient in analysis of Mortgage Credit and Borrower structures
• Experience mentoring and training junior team members
• 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 $175,000 to $185,000. 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.

About PGIM Real Estate

With $207.9 billion in gross assets under management and administration ($133.8 billion net), 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. 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, 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.