PGIM Real Estate-Senior Tax and Insurance Servicing Specialist (Hybrid/Dallas, TX) (Administrative)
Job Classification:
Investment Management - Investment OperationsA 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!
What You Will Do
The PGIM Real Estate Loan Services team is looking for an Ad Valorem Real Estate Tax Analyst. The analyst will be responsible for monitoring and completing the payment for all ad valorem real estate taxes for escrowed loans.
Tax Analysts should demonstrate strong analytical and problem-solving skills. Ideal candidates would have the ability to perform in a strong customer-oriented team environment utilizing strong leadership skills, professionalism, and teamwork.
The team currently follows a hybrid work arrangement in Dallas, Texas.
What You Can Expect
· Ensure the accurate and timely payment of ad valorem real estate taxes.
· Ensure compliance of all state, federal and investor requirements.
· Conduct review of loan documents on all new loans to ensure all parcels are correctly captured in all vendor systems.
· Engage Third Party Tax vendor to set up parcels for new loans.
· Run delinquent or Bill not Paid reports weekly and research loans/parcel, as needed.
· Process escrow analysis, for all loans at a minimum of once a year to ensure tax and insurance constants are being accurately captured.
· Process refunds to Borrowers when an overage occurs.
· Pull requests for internal and external audit, as needed.
· Maintain an open line of communication with tax service for unresolved inquiries.
· Update Third Party Tax company for any property substitutions
· Update policies and procedures, as any process changes occur.
· Advise management of status of work, unresolved escalated items and/or potential risk/exposure issues.
· Pull “outstanding escrow analysis” report on a monthly basis, and work with Insurance team to update report, so escrow analysis can be run/updated.
· Assist the insurance team, as needed.
What You Will Bring
· 3+ years of experience with ad valorem real estate tax process
· Significant understanding of loan terms, complex loan documents, capital structures, pooling, investor reporting and servicing agreements, servicing functions, and process flows.
· Strong written and verbal communication skills
· Ability to multi-task and work independently in a time sensitive environment.
What will set you apart
· Bachelors' degree in Finance/Business/Accounting
· Commercial insurance experience and/or training or combination of education and 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.
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.
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 Programs including 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.
