PGIM Fixed Income: Vice President, Commercial Real Estate Debt Research (Hybrid/Newark, NJ) (Finance)

Job Classification:

Investment Management - Portfolio Research

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE 

As 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 do

This 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 Expect

• Perform re-underwriting of transaction collateral by evaluating property cash flows, market trends, property location, tenant credit quality and other relevant factors

• Develop 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 portfolios

• Review of transaction documentation packages (credit memos, appraisals, environmental reports etc.)

• Prepare detailed credit presentations and reports for senior research analysts and portfolio managers

• Present buy or sell recommendations to portfolio management team based on credit analysis

• Ongoing monitoring and analysis of portfolio positions to assess credit risk, ratings stability, and cash flow volatility

• Maintain views of dynamics within various property-type sectors, major geographical markets, and CMBS primary and secondary markets

• Mentor and trains junior members of the CMBS team in fundamental credit analysis

• This is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to Thursday

What You Will Bring

• Minimum of 8 years' experience in commercial real estate credit analysis & underwriting.

• Underwriting experience should include a majority of property sectors. Workout experience is a plus

• Keen interest in capital markets and the securitization of CRE debt instruments

• Strong analytical and financial modeling skills

• Excellent communication and presentation skills

• Understanding of fixed income and bond valuation concepts

• Works well as part of a team and enjoys a fast paced, high intensity environment

• Possesses strong attention to detail and ability to manage tasks and deadlines effectively

• BA/BS degree required (MBA, MS and/or CFA are pluses)

*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 Income

PGIM 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.