28 days old

PGIM Real Estate - Fund Accounting Manager - OPS0004A

Prudential
Madison, NJ 07940
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  • Job Code
    571659
Primary Location United States-New Jersey-Madison
Job:Full-time
Travel:No
Description
!*!

PGIM Real Estate is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $71.8 billion ($49.8 billion net) as of September 30, 2019.

 

PGIM Real Estates tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, please visit http://www.pgimrealestate.com.

 

Position Summary:

The 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.

 

Duties & Responsibilities:

  • Oversight of the third-party fund administrator
    • Ensuring adequate oversight controls are in place and working properly
    • Providing proper instructions and direction as needed
    • Managing a calendar of deliverables including changes and up/downstream impacts
    • Tracking Key Performance Indicators to gauge performance
    • Balancing expectations/relationships between the business and fund administrator
  • Ensuring the timely and accurate preparation of:
    • quarterly and annual financial statements;
    • quarterly, annual and multi-year performance returns
    • quarterly data submission to various industry organizations and consultants;
    • client deliverables (client/consultant questionnaires and ad-hoc 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; 
  • Management of junior accounting professionals;
  • Contributing to firm wide projects, initiates, and process improvements as they pertain to assigned portfolios or the overall Fund Operations team.

 

 


 



Qualifications
@!*!
  • Bachelors degree in Accounting required

  • 5-8 years of experience in financial accounting including financial statement preparation and review; experience in the real estate investment management industry strongly preferred

  • Prior experience in public accounting or CPA strongly preferred
  • Understanding of generally accepted accounting principles as it relates to fair market value of real estate and fund 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 big plus
  • Knowledge of and experience with REIT structures and taxation
  • Ability to manage and prioritize multiple processes within tight deadlines while responding to various requests from multiple parties
  • Commitment to process improvement and always looking to add value
  • Working knowledge of joint venture waterfalls and income calculations
  • Experience calculating or reviewing asset management or incentive fee calculations
  • Knowledge of performance return calculations and GIPS a plus
  • Proficient in Excel
  • Strong leadership and management skills
  • Strong analytical, organizational and problem solving skills
  • Strong interpersonal, communication and partnering skills

 

Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential.

 

All candidates must be authorized to work in the United States.  Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.




@!*!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, 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 staffingagencies@prudential.com for more information about doing business with Prudential.
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Posted: 2020-03-12 Expires: 2020-04-11
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PGIM Real Estate - Fund Accounting Manager - OPS0004A

Prudential
Madison, NJ 07940

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