PGIM Real Estate | Fund Accounting Manager

Job Classification:
Investment Management - Investment Operations

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

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.

Our Role

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 Estate’s 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.

Primary Responsibilities
  • Oversight of multiple third-party fund administrators:
    • 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:
    • Monthly, quarterly and annual financial statements and/or financial results
    • Monthly, quarterly, annual and multi-year performance returns
    • Quarterly data submission to various industry organizations and consultants
    • Client deliverables (client/consultant questionnaires and ad-hoc requests)
    • Portfolio analytics deliverables (leasing and other real estate metrics)
    • Investor level reporting (client traces, exhibits, unit value calculations)
  • Supporting Portfolio Management and 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, initiatives, and process improvements as they pertain to assigned portfolios or the overall Fund Operations team

  • Bachelor’s 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 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

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 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 for more information about doing business with Prudential.

If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email

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 to request assistance.

Madison, New Jersey, United States of America