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PGIM Real Estate - Sr. Loan Servicing Analyst (Hybrid)

AT Prudential Financial
Prudential Financial

PGIM Real Estate - Sr. Loan Servicing Analyst (Hybrid)

Dallas, TX

Job Classification:
Investment Management - Investment Operations

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 Loan Services is seeking aCommercial Loan Servicing Specialist who will be responsible for the servicing of commercial loans. Their day-to-day activities may consist of various servicing processes throughout the life of the loan such as new loan setup, managing borrower requests, system updates for loan modifications, as well as preparing pay off calculations. The candidate will also be responsible for learning multiple systems and utilizing financial, analytical, and problem-solving skills. This candidate will be expected to work independently as well as a team environment collaborating with borrowers, asset managers, investor reporting and the accounting teams.

This team is following a hybrid arrangement and are in the office in Dallas, Texas at least 3 times a week.

What to expect:

  • Work independently and as a team to manage all servicing functions throughout the life cycle of the loan, including new loan boarding, cash processing, billing, disbursement and expense processing, rate cap and swap monitoring, system updates for loan modification, and payoff calculations.
  • Manage incoming borrower inquires and requests while providing excellent customer service both verbal and written.
  • Prepare and maintain manual interest calculations and create amortization schedules on more complex loan structures.
  • Monitor daily / monthly reports including system exception reports, suspense, and delinquency reports to ensure accuracy by researching, working issues and exceptions.
  • Proactively work servicing tasks and servicing loan triggers.
  • Read and interpret servicing agreements, loan documents and any other governing documents to ensure accurate new loan boarding and monitoring throughout the life cycle of the loan.
  • Maintain relationship with other departments (such as Accounting, Asset management, Special servicing, other servicing teams, etc.) including other PGIM offices.
  • Review current processes and recommend process improvements as appropriate to enhance productivity, efficiency, and customer service.

What you will bring:

  • Bachelor's Degree and Commercial Loan Mortgage Servicing or Investor Reporting experience
  • Must have a detailed understanding of commercial mortgage loan documents, servicing agreements, loan terms, complex loan structures, servicing functions, and process flows.
  • Strong working knowledge of Microsoft Excel. Must be able to create spreadsheets, proficient with formulas and various calculations.
  • Ability to perform in a strong customer-oriented team environment utilizing strong leadership skills, written and verbal communication skills, professionalism, and teamwork.

What will set you apart

  • Ability to work effectively in a team environment and willingness to assist other members.
  • Self-starter with a strong sense of urgency
  • Demonstrate strong analytical and problem-solving skills.
  • Ability to multi-task and work independently in a time sensitive environment.
  • Experience utilizing loan servicing system i.e., McCracken/Strategy is preferred.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

About PGIM Real Estate:

ith $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.

Prudential Real Estate Loan Services, Inc ("PRELS") is a subsidiary of PGIM Real Estate. PRELS manages a wide variety of mortgage investments that include Prudential's General Account, Institutional, CMBS, Fannie Mae, Freddie Mac and FHA loans. The Company is a rated Primary, Master, and Special Servicer.

#LI-Hybrid

#LI-SC1

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.

Client-provided location(s): Dallas, TX, USA
Job ID: Prudential-R-117416
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Health Insurance
  • Parental Benefits

    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Adoption Assistance Program
    • Family Support Resources
  • Vacation and Time Off

    • Paid Holidays
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Pension
    • Stock Purchase Program