PGIM Fixed Income: Vice President, Commercial Real ...

Job Classification:Investment Management - Portfolio ResearchA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading global asset managers!If you're not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that's investing in your future by shaping tomorrow today.At PGIM, You Can!What you will doThis will be a senior commercial mortgage-backed securities (CMBS) research role within the Securitized Products group at PGIM Fixed Income. The successful candidate will underwrite and analyze the creditworthiness of CMBS collateral and related commercial real estate loans. This role involves detailed financial analysis, market research, and risk assessment to support the investment decisions of the portfolio management team.What You Can ExpectPerform re-underwriting of transaction collateral by evaluating property cash flows, market trends, property location, tenant credit quality and other relevant factorsDevelop and maintain complex financial models to project cash flows and assess the impact of various scenarios on CMBS portfolios.Conduct stress testing and scenario analysis to evaluate the impact of adverse market conditions on CMBS portfoliosReview of transaction documentation packages (credit memos, appraisals, environmental reports etc.)Prepare detailed credit presentations and reports for senior research analysts and portfolio managersPresent buy or sell recommendations to portfolio management team based on credit analysisOngoing monitoring and analysis of portfolio positions to assess credit risk, ratings stability, and cash flow volatilityMaintain views of dynamics within various property-type sectors, major geographical markets, and CMBS primary and secondary marketsMentor and trains junior members of the CMBS team in fundamental credit analysisThis is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to ThursdayWhat You Will BringMinimum of 8 years' experience in commercial real estate credit analysis & underwriting.Underwriting experience should include a majority of property sectors. Workout experience is a plusKeen interest in capital markets and the securitization of CRE debt instrumentsStrong analytical and financial modeling skillsExcellent communication and presentation skillsUnderstanding of fixed income and bond valuation conceptsWorks well as part of a team and enjoys a fast paced, high intensity environmentPossesses strong attention to detail and ability to manage tasks and deadlines effectivelyBA/BS degree required (MBA, MS and/or CFA are pluses)Additional note*PGIM welcomes all applicants, even if you don/'t meet every requirement. If your skills align with the role, we encourage you to apply.Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $175,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.About PGIM Fixed IncomePGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $862Bn assets under management as of March 2025. The company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, Paris, Sydney, and Singapore. Our business climate is a safe inclusive environment.What we offer you:Market competitive base salaries, with a yearly bonus potential at every level.Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.401(k) plan with company match (up to 4%).Company-funded pension plan.Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.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.If you need an accommodation to complete the application process, please email .If you are experiencing a technical issue with your application or an assessment, please email to request assistance . #J-18808-Ljbffr

Created: 2025-09-17