Job Description

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the worlds top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firms ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

As one of the largest real estate managers in the world with more than $180 billion in gross assets under management and administration, 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. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, youll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

Our Role:

PGIM RE's FHA lending division is a leading provider of FHA-insured commercial mortgages on multi-family and health care properties, specializing in working with the U.S. Department of Housing and Development (HUD) on providing a wide variety of financing options for multifamily and elderly care facilities throughout the United States. Financing includes but is not limited to new construction, refinances, and acquisitions of properties which may include market rate rental properties or affordable properties with a mix of subsidies (Section 8, Tax Credits, Bonds, Grants).

PGIM RE is seeking an Underwriter for its FHA lending platform, a leading provider of FHA-insured commercial mortgages for healthcare properties. The candidate will manage the underwriting process and provide thorough analyses of healthcare applications in conformance with FHA/LEAN program requirements and sound underwriting standards resulting in FHA commitments and closed loans. The candidate may provide technical guidance and oversight to more junior staff.

Your Impact:

* Maintain accountability for all aspects of FHA submissions submitted by him/her and on behalf of PGIM
* Managing transaction timelines and identifying threshold issues that may impact application outcome
* Preparing underwriting narratives and HUD underwriting forms for submission to PGIM RE Loan Committee and, if approved, to FHA
* Communicating effectively with Originators, the Chief or Deputy Chief Underwriter, other internal clients and FHA regarding transaction status and issues
* Directing the due diligence collection by junior staff and overseeing the compilation of all applications submitted to FHA
* Responsibility for autonomous credit decisions on loans
* Providing training for and mentoring junior staff
* Participating in the selection and engagement of third party reports. Critically reviewing reports for conformance with FHA and Prudential requirements and negotiate adjustments as directed/necessary
* Conducting site visits
* Expanding depth of knowledge by learning specialty loan types of increasing complexity
* Communicating with applicable HUD staff regarding timing of approval, any deficiencies, etc.
* Reviewing HUD firm commitments for conditions impacting closing. Preparing appeals and negotiating resolutions with HUD and borrower team
* Coordinating the loan closing process
* Managing data integrity in proprietary loan tracking database
* Attending applicable HUD, external, or internal training as directed by management

Your Required Skills:

* FHA LEAN certification is required for this position
* FHA MAP certification is preferred for this position
* 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

Our Culture:

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We dont just accept differencewe celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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 www.prudential.com 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, 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.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.