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Executive Director, Office Asset Management

Company: Prudential Financial, Inc.
Location: New York
Posted on: September 17, 2020

Job Description:

Executive Director, Office Asset Management - Prudential Financial _ga Cookie Value Careers-Job Search-Job DetailsJob Description - Prudential Financial Human Resources WT_FPC Cookie Value Skip to main content (Press Enter). Go to - Continue an Application - Talent Acquisition Partners - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window Prudential Careers - Overview Home A Focus on Talent About Prudential - Experienced Job Seekers Find a Career Working at Prudential Stories - Students Welcome Meet with Us Our Stories FAQs - Continue an Application - Talent Acquisition Partners - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window - Go to Prudential.comMenu Close Prudential Careers Search for Jobs Start of main content BACK TO SEARCH RESULTS Asset Management - New York City, NY Executive Director, Office Asset Management - Job Details - Related Jobs - Resources About the position As one of the largest real estate managers in the world with $179.2 billion in gross assets under management and administration1, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.3 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate's rigorous risk management, seamless execution, and extensive 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 deep local expertise of professionals in 31 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit . Position Summary: PGIM Real Estate currently has an outstanding career opportunity for a Executive Director level Asset Manager for commercial real estate properties working on behalf of PGIM Real Estate's real estate funds. The role entails directing partners, property managers and leasing brokers on a portfolio of real estate assets that are wholly-owned or in joint ventures. These investments will be located in the New York City metropolitan area and may have different risk profiles that range from core to value add. The ideal candidate will be required to manage both stabilized assets as well as potential redevelopment projects, including: repositioning, lease-up and financing. The asset manager will work in concert with the national disposition team to sell stabilized properties. Duties & Responsibilities: - Provide general management and direction for a portfolio of properties. This includes frequent contact and direction with property managers, operating partners or leasing brokers. - Review periodic internal reports prepared by analysts and respond to information requests from the portfolio management team. - Oversee the budget process and preparation of the annual strategic plan for each property. - Review periodic property reports and track operating performance. Prepare regular updates summarizing. - Provide assistance to the transactions team for both the acquisition and disposition of properties. - Negotiate contracts with property management and leasing firms. - Analyze lease terms, prepare lease proposals, and negotiate leases as appropriate. - Understand general real estate trends and individual property markets / submarkets. - Supervise and train analysts. - Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell. - Review quarterly appraisals for factual accuracy and consistency with other similar properties. Qualifications - Bachelor's degree required in finance, accounting, economics; emphasis in real estate preferred. - Candidates must have at least 7-10 years of related real estate experience; experience working with joint venture with partners a plus. - Understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements and loan agreements. - Awareness of portfolio goals, and ability to develop and monitor specific plans for individual investments that contribute to these goals. - Ability to use financial and valuation software including Excel and Argus. - Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, recovery of expenses, property types.Understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets. - Ability to negotiate acceptable terms with a third party. - Understanding of transaction due diligence process. Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit to learn more about our values, our history and our brand. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law. Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at for more information about doing business with Prudential. Apply Now Email this Job Apply Now Email this Job Resources for Applicants - Tips for Success - Finding the Right Fit - Our Commitment to Diversity Apply Now Share this Job Related Jobs PGIM Fixed Income - Senior Associate, CLO Research & AnalyticsAsset Management - Newark (NJ), NJ Full Time Position - Job No: STR000ATView Job Description PGIM Fixed Income - Manager, Operational Client SupportAsset Management - Newark (NJ), NJ Full Time Position - Job No: GLO000OOView Job Description PGIM Fixed Income - Associate Manager, OnboardingAsset Management - Newark (NJ), NJ Full Time Position - Job No: CLI0005FView Job Description PGIM Fixed Income - Investment Analyst, Credit ResearchAsset Management - Newark (NJ), NJ Full Time Position - Job No: CRE0005LView Job DescriptionSearch All Jobs Email this Job mailto:?subject=Prudential%20Careers & body=I%20thought%20you%20might%20be%20interested%20in%20this%20job.%20%0A%0AXXXX Prudential Careers Go to Prudential Prudential Careers - Overview homepage - Experienced Job Seekers - Students - Talent Acquisition Partners Connect on Social Media - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window - Terms & Conditions - Accessibility Help - Privacy Center - Online Privacy Statement - Business Integrity - Social Responsibility - Diversity and Inclusion Warning: Misuse of Prudential name in fraud schemes. The views expressed by each employee is based on his or her personal experiences and opinions. An individual's own abilities, dedication, and achievements will have a direct impact on his or her success at Prudential, potential for professional growth, and opportunities for other careers at Prudential and its affiliates. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law. The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. Pruco Life Insurance Company, an Arizona company - California COA # 3637. The Prudential Insurance Company of America - California COA # 1179. Prudential Retirement Insurance and Annuity Company - California COA # 08003 Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency - May Lose Value - Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate EEO IS THE LAWPDF file downloads or opens in a new window. People with DisabilitiesOpens in a new window Prudential is an Employer that participates in E-Verify. See the E-Verify notice.PDF file downloads or opens in a new window. Learn about your right to work.PDF file downloads or opens in a new window. Template: -00001-00 2020 Prudential Financial, Inc. and its related entities.

Keywords: Prudential Financial, Inc., New York , Executive Director, Office Asset Management, Accounting, Auditing , New York, New York

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