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!
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What You Will Do
PGIM Real Estate is seeking an Investment Research Associate working in support of the Americas Investment Research team. This position can be based in Newark, NJ, where the team is working on-site 3 days a week.
The investment research team serves to improve investment decision-making of the company through top-down and bottom-up research, create a research-based culture and image for the firm, and enhance overall satisfaction of clients and prospects.
What You Can Expect
- Evaluate investment opportunities by analyzing property markets across major cities in the US and Mexico and real estate sectors (apartment, industrial, office, retail, senior housing, self-storage, etc.).
- Prepare market briefings and presentations on economic and real estate markets.
- Support senior researchers in data analysis, new research, and presentation of research findings.
- Developing presentation materials to communicate market developments and outperformance factors.
- Cultivating data sources and synthesizing research from multiple points into new proprietary recommendations
- Identifying key property attributes that will position our portfolios for sustained future outperformance.
- Evaluating the impact of a new legislative policy on future real estate demand and relative real estate performance across cities.
- Analyzing spatial data using mapping technology to uncover demographic trends and understand why and where tenants make location decisions.
What You Will Bring
- Bachelor's degree in economics, urban studies, geography, or any background rooted in evidence-based research
- 2-5 years of relevant working experience in evidence-based research
- Prior experience in a research role at a real estate investment management or independent research firm
- Excellent quantitative skills, including a knowledge of statistics and economics
- Strong written communication skills, including short-form and long-form reports
- Detail-oriented with critical thinking and analytical skills.
- Superior interpersonal communication skills, with ability to manage multiple projects simultaneously.
What Will Set You Apart
- Advanced degree in a relevant field
- Experience with both U.S. and Latin America markets
- GIS research experience
*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $115,000 to $135,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.
About PGIM Real Estate
With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate's risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2 and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
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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 Programsincluding 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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.