The posting
Job Classification:
Investment Management - Investments
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
PGIM Real Estate is seeking a Senior Underwriter for its FHA lending platform, a leading provider of FHA-insured commercial mortgages for healthcare and multifamily properties.
The candidate will manage the underwriting process and provide thorough analyses of healthcare and multifamily applications in conformance with FHA/HUD LEAN and MAP program requirements and sound underwriting standards resulting in FHA commitments and closed loans.
What you can expect
- Maintain accountabilities for all aspects of FHA/HUD submissions submitted on behalf of PGIM.
- Manage transaction timelines and identify threshold issues that may impact application outcome.
- Prepare underwriting narratives and FHA/HUD underwriting forms for submission to Loan Committee and, if approved, to FHA/HUD.
- Communicate effectively and proactively with Originators, other internal clients and FHA/HUD regarding transaction status and issues.
- Direct the due diligence collection by junior staff and oversee the compilation of all applications submitted to FHA/HUD.
- Maintain responsibility for autonomous credit decisions on loans.
- Provide training and mentor junior staff
- Participate in the selection and engagement of third-party reports. Critical review of reports for conformance with FHA/HUD and Prudential requirements and coordinate adjustments as necessary.
- Conduct site visits, when applicable.
- Expand depth of knowledge by learning specialty loan types of increasing complexity.
- Communicate with applicable FHA/HUD staff regarding timing of approval, any deficiencies, etc.
- Review FHA/HUD firm commitments for conditions impacting closing. Prepare appeals and negotiating resolutions with HUD and borrower team.
- Coordinate the loan closing process.
- Manage data integrity in proprietary loan tracking database.
- Attend applicable FHA/HUD, external, or internal training as directed by management.
What you will bring
- FHA/HUD LEAN and MAP underwriter certification is required for this position.
- 5+ years recent underwriting MAP andLEAN transactions.
- Experience in training and mentoring junior staff.
- BS/BA degree is required. Finance, real estate and related disciplines are preferred.
- Ability to analyze and successfully implement solutions to a wide range of potential underwriting and compliance considerations, utilizing excellent interpersonal and negotiation skills.
- Excellent analytical and math skills.
- Candidate should be creative, flexible, proactive and team-oriented with strong customer service, communication and negotiating skills.
- Strong organizational skills with the ability to manage multiple assignments and priorities.
- Strong teamwork and partnering skills with the ability to effectively manage the expectations of multiple internal and external constituents.
- Ability to effectively work independently and demonstrate strong partnering skills within a team environment.
- Ability to travel as needed.
*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 $135,000 to $148,000. 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),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).
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.
To maintain the integrity and security of our hiring process, Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
