Job Details

PGIM Real Estate – Investment Analyst, Equity Transactions (Hybrid - San Francisco, CA)

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What You Will Do

We are looking for an astute, determined professional to fill the position of Investment Analyst within our US Transactions function. This role is part of a structured 3-year Investment Analyst Program designed to provide hands-on experience in the designated business line. You will contribute in a meaningful way, add new value to organization initiatives, and help effect change. The successful candidate will be part of a small team responsible for sourcing, underwriting, financial modeling, and due diligence for new acquisitions across PGIM Real Estate portfolios. Responsibilities include building cash flow and waterfall models, Investment Committee books, sensitivity analyses, rent roll analyses, property comparables, and other analyses required to evaluate, pursue, and explain acquisition/development opportunities. The role is based in PGIM Real Estate's San Francisco office.

• Handle all areas of due diligence, underwriting, deal modeling, and closing for acquisition and development opportunities across various markets with varying investment structures and risk profiles.
• Prepare Investment Committee memoranda and related materials through market research, risk analysis, and a thorough understanding of investment factors.
• Assist senior Transactions professionals in deal structuring, financing, and negotiation of deal terms.
• Develop and cultivate relationships with real estate owners, operators, brokers, investment bankers, joint venture partners, and other industry players.
• Work closely with asset management teams to monitor operational activity, validate underwriting, and create business plans for new investments as well as provide support for existing assets.
• Collaborate with a small team of junior professionals to maximize productivity and develop the skillsets of analysts and interns.

What You Will Bring

• Bachelor's Degree required in finance, accounting, economics, or a related field; emphasis in Real Estate preferred.
• Minimum of 1–2 years of related real estate experience.
• Strong quantitative skills and demonstrated analytical ability including underwriting and financial analysis.
• Understanding of basic real estate terms and concepts (contracts, rents, operating expenses, capital expenditures, occupancy).
• Understanding of basic finance concepts (NOI returns, cash flow returns, cap rates, IRR, DCF).
• Understanding of key real estate agreements (purchase and sale agreements, management agreements, partnership agreements, loan agreements).

What Will Set You Apart

• Proficiency in Excel and Argus modeling of development joint ventures and acquisitions across all real estate product types.
• Strong communication and written skills, work ethic.
• PGIM welcomes applicants who don't meet every requirement if their skills align with the role.

Note

Prudential is required by state laws to include the salary range for this role in applicable locations. The salary range for this role is from $85,000 to $90,000. Specific pricing may vary based on location, candidate experience, and skills. Roles may be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the program rules and performance.

About PGIM Real Estate

With $207.9 billion in gross assets under management and administration ($133.8 billion net), PGIM Real Estate provides access to a range of real estate equity, real estate debt, agriculture, and impact solutions. PGIM Real Estate is a business of PGIM, the global asset management arm of Prudential Financial, Inc. (NYSE: PRU). Our approach is supported by a 50-year legacy of investing in commercial real estate and a 140-year history of real estate financing, with professionals in 32 cities globally. We focus on positive environmental and social impact while strengthening communities. For more information visit pgimrealestate.com.

What We Offer You

• Market-competitive base salaries, with yearly bonus potential at every level.
• Comprehensive benefits: medical, dental, vision, life, disability, PTO, and leave options.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness programs including reimbursement for personal wellbeing needs.
• Work/Life Resources and Education benefits to support career development.
• Employee Stock Purchase Plan with eligible purchase terms.

Prudential is an equal opportunity employer. If you need an accommodation to complete the application process, please email ...@prudential.com. For technical issues, email ...@prudential.com.

San Francisco, CA