PGIM Real Estate – Manager, Fund Operations (Newark, NJHybrid) at Prudential Financial

Job Classification:Investment Management - Investment OperationsA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were 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 youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers! If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today. At PGIM You Can! What you will doThe Real Estate Fund Accounting Manager will be a member of the Fund Operations team that services and supports PGIM Real Estate in the accounting and reporting of real estate investments acquired within PGIM Real Estates domestic portfolios. The Manager will be primarily accountable for the accurate and timely accounting and reporting for their assigned portfolios. This position will be a key point of contact for all business and other functional teams as it relates to their assigned portfolios.What you can expectOversight of the third-party fund administratorEnsuring adequate oversight controls are in place and working properlyProviding proper instructions and direction as neededManaging a calendar of deliverables including changes and up/downstream impactsTracking Key Performance Indicators to gauge performanceBalancing expectations/relationships between the business and fund administratorEnsuring the timely and accurate preparation of:quarterly and annual financial statements;monthly quarterly annual and multi-year performance returnsmonthly quarterly data submission to various industry organizations and consultants;client deliverables (client/consultant questionnaires and ahoc request);portfolio analytics deliverables (leasing and other real estate metrics);investor level reporting (client traces exhibits unit value calculations)Supporting the Asset Managers in on-going operational matters;Interacting with PGIM Real Estate Legal and Transaction staff on the acquisitions and sales of investments;Interacting with PGIM Real Estate Policy group in implementing new accounting policies and the application of the appropriate accounting treatment in various complicated transactions;Interacting with PGIM Real Estate Systems on various initiatives as it impacts property/portfolio data;Overseeing various audits with internal and external auditors;Contributing to firm wide projects initiatives and process improvements as they pertain to assigned portfolios or the overall Fund Operations team.What you will bringBachelors degree in Accounting required5-8 years of experience in financial accounting including financial statement preparation and review; experience in the real estate investment company industry strongly preferredPrior experience in public accounting or CPA strongly preferredUnderstanding of generally accepted accounting principles as it relates to fair market value of real estate investment company accounting.Understanding of data validation and flow as it relates to accounting/operations deliverables and their down streams effect on other reporting systems/teams.Experience with managing a third-party fund administrator a plusKnowledge of and experience with REIT structures and taxationAbility to manage and prioritize multiple processes within tight deadlines while responding to various requests from multiple partiesCommitment to process improvement and always looking to add valueWorking knowledge of joint venture waterfalls and income calculationsExperience calculating or reviewing asset management and/or incentive fee calculationsKnowledge of performance return calculations and GIPS a plusProficient in ExcelStrong leadership and management skillsStrong analytical organizational and problem solving skillsStrong interpersonal communication and partnering skills*PGIM welcomes all applicants even if you dont 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 $120000 to $140000. 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. 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.About PGIM Real EstateWith $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 Estates 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 financing2 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 .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 $1600 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) after one year of service.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.If you need an accommodation to complete the application process please email .If you are experiencing a technical issue with your application or an assessment please email to request assistance.Required Experience:Manager Key Skills Microsoft Office,Portfolio Management,Microsoft Word,Asset Management,Yardi,Microsoft Excel,Administrative Experience,DocuSign,Property Management,negotiation,Contracts,Google Suite Employment Type : Full-Time Experience: years Vacancy: 1 Monthly Salary Salary: 120000 - 140000