Accounting Manager Accounting Manager …

in Dallas, TX, United States
Permanent, Full time
Be the first to apply
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Accounting Manager
PGIM Real Estate - Associate Accounting Manager About PGIM Real Estate

As one of the largest real estate managers in the world with $179.2 billion in gross assets under management and administration1, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.3 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).

PGIM Real Estates rigorous risk management, seamless execution, and extensive 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 deep local expertise of professionals in 31 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit .

Prudential Asset Resources (PAR) is a subsidiary of PGIM Real Estate and one of the largest commercial and multifamily mortgage servicing firms in the nation. Prudential Asset Resource manages a wide variety of mortgage investments that includes Prudentials General Account, CMBS, Fannie Mae, Freddie Mac and FHA loans.  The Company is a rated Primary, Master, and Special Servicer.  PGIM Real Estate is one of the nations largest full-service commercial, multi-family and agricultural real estate lenders and has been serving the commercial real estate market for over 125 years.

PAR is seeking an Associate Manager, Accounting to assume responsibility for supervising two experienced accountants in support of the Agency business (e.g., Fannie Mae, FHA/Ginnie Mae and Freddie Mac) mortgage loan accounting for originations, mortgage loan fee accounting (i.e., tracking and recording good faith deposits through to loan closing), compilation of Agency business mortgage loan Revenue Reports including understanding the key drivers for Revenue variances and review of mortgage loan related balance sheet account reconciliations.  The successful candidate will also be involved with Mortgage Servicing Rights (MSRs) including the recording of Capitalized Mortgage Servicing Rights, Amortization and Impairment.  This role will require partnering with the Originations, Asset Management and PGIM Real Estate Controllers teams. The role requires someone who is proactive in accomplishing tasks as well as assumes ownership of assigned tasks. The Associate Manager, Accounting will work directly with the Accounting Manager and have exposure to the group director and PAR senior management. 

The primary responsibilities of this role include, but are not limited to:

  •  Manage two experienced accountants including review and supervision of the following:
    • Cash Logs for FNMA and FHA/Ginnie Mae business
    • Tracking files for originations accounting for FNMA and FHA/Ginnie Mae business

    • Loan Fee Accounting (i.e., good faith deposits through to loan closing) for all Agency business (FNMA, Freddie Mac and FHA/Ginnie Mae)

    • All journal entries related to Agency Originations and Loan Fee Accounting

    • Balance sheet account reconciliations related to Agency Accounting including Originations, Loan Fee Accounting and Mortgage Servicing Rights

    • Preparation of the Monthly Servicing Revenue Package (detailing servicing fees earned on mortgage loans originated by PAR)

    • Review of all Loan Fee wires
    • Preparation of the Agency Revenue Package (detailing revenue earned in the process of mortgage loan originations)

  •  Preparing Quarterly reports in support of Agency mortgage loan information submitted to Corporate Accounting
  • Preparing Monthly Agency Revenue Reports (detailing revenue earned in the process of mortgage loan originations) by, in part, pulling the trial balance and forecasting reports.

  • Maintaining the FHA/Ginnie Mae Debt Tracker (i.e., debt used to fund mortgage loans) and oversight of the FHA/Ginnie Mae settlements.  Coordinate with Corporate Treasury for the debt/repayments on FHA/Ginnie Mae loans.

  • Responsible for all the Quarterly Journal Entries and Calculations (CECL Reserves, FIN45 Reserves, Correspondent Accrual, Subservicing Accrual, Freddie Mac Guarantee Fee, etc)

  • Providing appropriate accounting documentation in support of internal and external audits

Qualificationsfor this role include:

  • Aminimum of 5 years of work experience

  • 4years of prior experience in commercial real estate or another financialdiscipline

  • Undergraduatedegree in accounting preferred but will consider other business degreed candidatesincluding Finance, Economics, and Real Estate

  • Publicaccounting firm experience / CPA / MBA a plus.

  • Solid understanding of GAAP accounting principles.
  • Refined supervisory skills.
  • Strong accounting, research and analytical skills.
  • Experience with mortgage loan accounting a plus.
  • Asset management industry experience a plus.
  • Self-motivated and proactive (i.e., takes ownership of assigned tasks).
  • Ability to work independently and as part of a team.
  • Ability to drive process improvement.
  • Strong computer skills (a firm working knowledge of Excel and MS Word).
  • Strong interpersonal, communication and partnering skills.
  • Ability to work in a fast-paced, challenging environment.
  • Positive can-do attitude.
  • Ability and willingness to work extended hours during peak reporting periods
  • Has a thirst for knowledge and interested in understanding the Big Picture

Primary Location: United States-Texas-Dallas
Work Locations:
Job: Accounting/Finance/Treasury/Tax
Organization: Prudential Financial, Inc.
Schedule: Full-time
Travel: No