Prudential

Prudential has a long-standing commitment of allocating financial and human resources to address society’s most pressing needs. Prudential’s Diversity, Inclusion and Impact team leads the company's efforts for making positive social change core to Prudential’s business. Part of this approach includes an investment group – Prudential Impact and Responsible Investing - that has over the last 44 years invested over $2.5 billion and currently manages a portfolio of approximately $1 billion in asset value. IRI makes investments in a wide range of private asset classes.   Approximately half the portfolio is in real assets, with the other half invested in social purpose enterprises and financial intermediaries. The portfolio is also split between debt and equity investments and approximately 75% of the portfolio is invested in the United States.

Your team:

Reporting to the Head of Real Assets for IRI, this Manager position will be responsible for evaluating, executing, and managing impact investments in real assets, including affordable housing, transformative development, sustainable infrastructure, and other select asset classes and investment themes. The role will generally require cultivating a pipeline of investment opportunities, assessing their qualitative and quantitative merits, and working with legal, accounting, and other professionals to close several transactions with a cumulative value of approximately $50 million each year. This investment function also includes associated responsibilities for reporting on these investments, monitoring their progress, and managing any workouts, modifications, and/or exits. Finally, the Manager may be asked to engage with other Prudential business areas in a consultative fashion to drive more impact investing activities into more traditional investment areas as well as represent Prudential across the impact investing industry more broadly.

Transaction evaluation and underwriting

• Identify transactions that meet the impact and credit screens applied to all IRI work
• Assess and report on transactions as they move through the pipeline development process
• Evaluate and address credit risks
• Work with third party vendors and others to gather and analyze relevant transaction-specific information

Deal structuring, closing, and execution

• Review initial documentation for transactions -- interacting with partners, lenders, attorneys, and internal operations team
• Monitor investments during deployment and manage any relevant issues with sponsors, partners, and third-party consultants
• Assist as appropriate in disposition of assets

Portfolio management

• Produce periodic internal reports for regular portfolio review meetings
• Review partner financials and operating results and address any issues or concerns
• Review periodic reports prepared by analysts and respond to portfolio and corporate information requests

Portfolio strategy and planning

• Help develop and implement the IRI impact framework and measurement tools
• Prepare and deliver presentations on aspects of portfolio strategy in collaboration with other personnel
• Help develop and maintain a perspective on portfolio direction and sub-strategies, as they relate to regional markets, asset classes, or other segments

External communications/events

• Attend industry conferences and public events
• Present on individual transactions or portfolios of work, as appropriate

Qualifications

• Commitment to Prudential’s mission and values
• Demonstrated interest in impact investing and multiple bottom-line concepts
• 3-7 years of relevant professional experience
• Experience in the real estate sector, preferably in a role requiring quantitative analysis, due diligence, deal structuring/negotiating, underwriting, and/or modeling in Excel
• Experience in financial analysis to perform risk pricing, valuation, and performance reporting by using GAAP statements, cash flow metrics (NOI), common ratios and multiples (LTV, DSCR), and performance measures (IRR, MOIC).
• Demonstrated experience performing market research across a broad range of asset types using a mix of natural curiosity and analytic tools
• Confidence and desire to make presentations to senior management, investment committee or outside audiences, when necessary
• Demonstrated experience and inclination for self-directed work

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.