PGIM: 2024 Sophomore Inclusion Program, Real Estate Internship

PGIM Real Estate

Sep 25, 2023

Applications are closed

Internship
Full-time
Starts on Jun 22
Off-cycle Internship
Construction & Surveying
Banking & Finance
San Francisco, +2

Requirements

Required Qualifications:
Candidates must be enrolled in an accredited bachelor’s program graduating between December 2025 and May 2026
Minimum GPA of 3.0
Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
Preferred Qualifications:
Finance, Economics, or Real Estate majors preferred but not required
Strong quantitative skills and proven analytical ability
Understanding of real estate and finance terms and concepts preferred
Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously

Responsibilities

You will be empowered to contribute in a meaningful way. Sophomore interns will learn about both our Equity & Debt platforms within PGIM Real Estate:
PGIM Real Estate Equity Business
Acquisitions (Transactions) – Acquisitions analysts will be a part of a small team responsible for the sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all PGIM Real Estate’s portfolios. Build cash flow models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, joint venture waterfall models, and other financial analyses required to evaluate, pursue, and explain acquisition opportunities.
Asset Management – Collaborate with partners, consultants, property managers and leasing brokers to manage a portfolio of operating assets, development projects, and/or repositioning projects across the risk spectrum. Drive asset performance through the execution of leasing, operational, financing, and disposition strategies.
PGIM Real Estate Debt Business
Originations - Assist investment professionals in analyzing and securing loans. Responsible for all phases of evaluating new investment opportunities including cash flow modeling, property valuation, sensitivity analysis, market research, and credit analysis. Help manage the deals throughout the due diligence and closing process.
Underwriting - Analyze potential loans to ensure they meet appropriate standards. Day-to-day responsibilities include handling the due diligence process with internal and external parties, analyzing investment strategy, cash flow assumptions, and market data, and completing detailed investment packages for credit approval.
Portfolio or Deal Management – Key responsibilities include assisting credit officers in achieving the overall domestic and international mortgage production goals and serving as a resource for origination teams on policies and procedures throughout the life cycle of a deal.

Application Process

Submit your application. If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s). If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

PGIM Real Estate

Real Estate

Industry

1001-5000

Employees

Mission & Purpose

With $206.8 billion in gross assets under management and administration ($136.3 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 35 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. Note: No single post regarding an acquisition related to a particular strategy is representative of all investments made by that strategy. Please do not draw inferences regarding the performance of any investment based on the fact that a post references such investment. Past performance is not a guarantee nor a reliable indicator of future results. (1) As of June 30, 2022; AUA is $45.6 billion. (2) Includes legacy lending through PGIM’s parent company, PFI.