1+ months

Manager, Impact Investments - IMP0000M

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)

Prudential has a long-standing commitment of allocating financial and human resources to address societys most pressing needs. Prudentials Diversity, Inclusion and Impact team leads the company's efforts for making positive social change core to Prudentials business.  Part of this approach includes an investment group Prudential Impact and Responsible Investing - that has over the last 44 years invested over $2.5 billion and currently manages a portfolio of approximately $1 billion in asset value.  IRI makes investments in a wide range of private asset classes.   Approximately half the portfolio is in real assets, with the other half invested in social purpose enterprises and financial intermediaries.  The portfolio is also split between debt and equity investments and approximately 75% of the portfolio is invested in the United States.



Your team:

Reporting to the Head of Real Assets for IRI, this Manager position will be responsible for evaluating, executing, and managing impact investments in real assets, including affordable housing, transformative development, sustainable infrastructure, and other select asset classes and investment themes.  The role will generally require cultivating a pipeline of investment opportunities, assessing their qualitative and quantitative merits, and working with legal, accounting, and other professionals to close several transactions with a cumulative value of approximately $50 million each year. This investment function also includes associated responsibilities for reporting on these investments, monitoring their progress, and managing any workouts, modifications, and/or exits.  Finally, the Manager may be asked to engage with other Prudential business areas in a consultative fashion to drive more impact investing activities into more traditional investment areas as well as represent Prudential across the impact investing industry more broadly. 



Transaction evaluation and underwriting

  • Identify transactions that meet the impact and credit screens applied to all IRI work
  • Assess and report on transactions as they move through the pipeline development process
  • Evaluate and address credit risks
  • Work with third party vendors and others to gather and analyze relevant transaction-specific information

Deal structuring, closing, and execution

  • Review initial documentation for transactions -- interacting with partners, lenders, attorneys, and internal operations team 
  • Monitor investments during deployment and manage any relevant issues with sponsors, partners, and third-party consultants
  • Assist as appropriate in disposition of assets

Portfolio management

  • Produce periodic internal reports for regular portfolio review meetings
  • Review partner financials and operating results and address any issues or concerns
  • Review periodic reports prepared by analysts and respond to portfolio and corporate information requests

Portfolio strategy and planning

  • Help develop and implement the IRI impact framework and measurement tools
  • Prepare and deliver presentations on aspects of portfolio strategy in collaboration with other personnel
  • Help develop and maintain a perspective on portfolio direction and sub-strategies, as they relate to regional markets, asset classes, or other segments

External communications/events

  • Attend industry conferences and public events
  • Present on individual transactions or portfolios of work, as appropriate

  • Commitment to Prudentials mission and values
  • Demonstrated interest in impact investing and multiple bottom-line concepts
  • 3-7 years of relevant professional experience
  • Experience in the real estate sector, preferably in a role requiring quantitative analysis, due diligence, deal structuring/negotiating, underwriting, and/or modeling in Excel
  • Experience in financial analysis to perform risk pricing, valuation, and performance reporting by using GAAP statements, cash flow metrics (NOI), common ratios and multiples (LTV, DSCR), and performance measures (IRR, MOIC).
  • Demonstrated experience performing market research across a broad range of asset types using a mix of natural curiosity and analytic tools
  • Confidence and desire to make presentations to senior management, investment committee or outside audiences, when necessary
  • Demonstrated experience and inclination for self-directed work

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-01-25 Expires: 2020-04-22

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Manager, Impact Investments - IMP0000M

Newark, NJ

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