1+ months

PGIM Real Estate - Agricultural Asset Manager - EQU0000C

Prudential
Fresno, CA 93721
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  • Job Code
    582560
Primary Location United States-California-Fresno
Job:Full-time
Travel:Yes, 25 % of the Time
Description
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PGIM Agricultural Investments (PAI) is a business within PGIM Real Estate Finance, which is a wholly owned subsidiary of Prudential Financial, Inc.  Leveraging a 100 year history in agricultural equity/real estate management services and lending, Prudential's agriculture business provides equity management services and lending in the agribusiness sector throughout the United States.


With the combination of new funding and current and new investment mandates, PAI will soon be approaching $1 billion invested in Western United States agriculture.  PAI is seeking to expand the investment and asset management team by hiring an Asset Manager in our Fresno, CA location.

This position will report directly to the Senior Asset Manager for the PAI Western Region.  This role will manage a portion of the agricultural real estate investments portfolio in the Western United Sates as well as assist with commodity research and asset acquisitions in the region.


Primary Responsibilities:



Asset Management:

  1. Manage a select number of properties within the Western Region Portfolio, evaluate performance of each and determine how to make improvements and deliver strong returns to clients.

  2. Prepare quarterly reports, annual business plans, and financial modeling for redevelopment recommendations.

  3. Act as central point of contact in conjunction with farm management team with onsite managers, commodity processors, internal team members, and third-party vendors.

  4. Assist with strategy development, crop operating budgets, capital improvement budgets, farm management agreements, crop insurance, and crop marketing for each managed property.

  5. Visit properties regularly and review monthly financial reports to evaluate year to date performance for monthly operation reporting for senior management. 

  6. Conduct various industry research and analysis projects including assisting with quarterly commodity marketing updates and annual commodity newsletter. 

  7. Assist in client and prospective client meetings and tours as needed.

  8. Participate in selected trade associations to develop industry market understanding.


Acquisitions:

  1. Assist the Western Region Head of Acquisitions with the acquisition of properties associated with the client of managed properties.

  2. Participate in the business evaluation of properties and completion of due diligence process including on-site inspections.

  3. Develop and maintain relationships with brokers and other market participants to assist with sourcing property acquisition opportunities for consideration within the region.





Qualifications
@!*!

Qualifications:

  • 10 years of experience in agricultural related field.

  • An undergraduate degree in Agricultural Economics, Real Estate, Finance, or a related field.

  • A California Real Estate Sales or Brokerage license would be highly desirable.

  • Unquestioned integrity.

  • Strong work ethic with a commitment to customer service

  • Excellent oral and written communications skills, excellent presentation skills, and highly effective analytical skills.

  • Strong organizational skills and attention to detail.




@!*!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: 2020-03-10 Expires: 2020-06-18
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PGIM Real Estate - Agricultural Asset Manager - EQU0000C

Prudential
Fresno, CA 93721

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