PGIM: 2022 Sophomore Inclusion Program Internship, Real Estate Track

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Job Classification:
Investment Management - Investments

PGIM: 2022 Sophomore Inclusion Program Internship, Real Estate Track

Location(s):

Madison, NJ; New York; NY Atlanta, GA; San Francisco, CA; Chicago; IL; Arlington, VA; Los Angeles, CA

Timeline:

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. Our goal is to notify you of your status within 3 weeks after each application period concludes.

Application Periods:
  • Period 1: October 15, 2021 to November 15, 2021
  • Period 2: November 15, 2021 to December 15, 2021


All applications should be fully completed by December 15, 2021

Your Impact:

Are you a rising sophomore?Are you highly motivated, intellectually curious and willing to jump in to make impactful contributions? If so, then becoming a PGIM Real Estate Sophomore Inclusion Program Intern might be the right job for you! We are seeking highly motivated sophomore students who are currently enrolled in full-time undergraduate programs to join our program offering hands-on experiential based training from professionals in the field of commercial real estate. You will have the opportunity to engage in challenging projects that provide hands-on experience and learn about the real estate equity and debt businesses through our 10-week training program.

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, you’ll 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.

The Sophomore Inclusion Program is open to sophomores of all backgrounds. Black, Female, Hispanic, Native American, Veteran, and LGBTQ students, as well as Students with Diverse Abilities, are encouraged to apply.

Your Day-to-Day:

We will be hiring sophomore Interns into both our equity & debt sides of the business:

PGIM Real Estate Equity Business
  • Acquisitions – Acquisitions analysts will be a part of a small team responsible for the sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all of PGIM Real Estate’s portfolios. Create cash flow models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, joint venture waterfall models, and other financial analyses required to evaluate, pursue and explain acquisition opportunities.
  • Asset Management – Collaborate with partners, consultants, property managers and leasing brokers to manage a portfolio of operating assets, development projects, and/or repositioning projects across the risk spectrum. Drive asset performance through the execution of leasing, operational, financing, and disposition strategies.


PGIM Real Estate Debt Business:
  • Originations - Assist investment professionals in analyzing and securing loans. Responsible for all phases of evaluating new investment opportunities including cash flow modeling, property valuation, sensitivity analysis, market research, and credit analysis. Help manage the deals throughout the due diligence and closing process.
  • Underwriting - Analyze potential loans to ensure they meet appropriate standards. Day-to-day responsibilities include handling the due diligence process with internal and external parties, analyzing investment strategy, cash flow assumptions, and market data, and completing detailed investment packages for credit approval.
  • Portfolio or Deal Management – Key responsibilities include assisting credit officers in achieving the overall domestic and international mortgage production goals and serving as a resource for origination teams on policies and procedures throughout the life cycle of a deal.


Day-to-day responsibilities will vary and may include the following:
  • Conducting financial modeling to evaluate potential investment opportunities.
  • Underwriting and analysis to support asset management decisions (e.g. leasing, financing, buy/sell scenarios, property valuations, and joint venture structuring).
  • Creating and executing strategies for developments, renovations/repositionings, and capital projects.
  • Assisting in preparation of Investment Committee memorandums and related support.
  • Providing analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and loan briefs.


Your Desired Skills:
  • Candidates must be graduating between December 2023 and June 2024 and pursuing a full-time undergraduate degree
  • Minimum GPA of 3.0; all majors welcome
  • Familiarity with MS Office applications (Excel, Word and PowerPoint) and the ability to learn new applications
  • Excellent communication skills and detail oriented
  • Ability to work independently and collaboratively
  • Willing to potentially travel to selected properties with the team during the internship
  • No previous experience in real estate or real estate courses is required
  • Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration


Our Application Process:

Submit your application Receive invitation for first-round digital interviews – Part one includes telling us about yourself via a digital introduction. Part two includes answering pre-recorded interview questions with the business(es) that are advancing your applications(s). Last step, final round interviews– If selected, you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

For 2022 early talent roles, our process is designed to help you learn more about Prudential and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of your team.
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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 accommodations.hw@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.technicalsupport@prudential.com to request assistance.

Madison, New Jersey, United States of America

R-104668