Senior Director, Institutional RE | PGIM Product Development ( Hybrid / Newark, NJ)
Prudential Financial
Newark, NJ, USA
Full-Time
$190,000
HybridDirector
Job Classification:
Product Management - Product ManagementA 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
We are seeking a Senior Director to join PGIM’s Product Development team. The team manages the product development lifecycle and plays a critical role in creating, structuring, obtaining approval for and launching investment strategies across public and private markets for institutional, retail, insurance and private wealth investors.
This role will serve as a senior product lead for institutional real estate initiatives, with primary focus on developing, structuring and launching private real estate investment solutions. The individual will translate investment capabilities, client demand, market opportunity, legal/tax considerations and commercial priorities into scalable, executable products.
The Senior Director will play a key role in driving the growth of PGIM’s alternatives efforts globally by bringing deep expertise in investment vehicle structures, institutional investor needs and the ability to design competitive alternatives products. This person will partner cross-functionally with investment, distribution, product strategy, marketing, legal, tax, compliance, operations and senior leadership stakeholders.
Strong analytical skills, asset management experience, fund-structuring judgment, executive communication skills and the ability to independently drive complex product-related initiatives are essential. Leadership with humility, sound judgment, detail-orientation, clear communication and teamwork will be critical to success in this role.
This position reports to the Head of Institutional Product Development and will be part of the broader Newark-based Product Development team, while collaborating closely with PGIM Real Estate colleagues globally. This role offers the opportunity to lead product initiatives across the breadth of PGIM’s real estate and alternatives platform.
This is a senior individual-contributor role requiring the ability to lead workstreams, create structure around ambiguous product opportunities, drive decisions and provide senior-level guidance across cross-functional project teams.
What you can expect
Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring innovative real estate investment products to market
Oversee and lead execution of cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out
Partner with investment teams, legal and tax counsel to define product structures, vehicle options, fund terms, investor access points, liquidity mechanics and implementation requirements
Prepare decision-ready materials for senior leadership and governance committees, including product concepts, business cases, launch recommendations, and implementation plans
Identify and help resolve key product risks and constraints, including legal, tax, regulatory, operational, liquidity, valuation, governance and distribution considerations
Manage institutional real estate product pipeline content and meet with internal stakeholders to communicate new product pipeline activities
Serve as a subject matter expert for the firm on the PGIM Real Estate’s commingled funds platform, key fund structuring concepts, distribution markets and channels, and the impact of local regulations; leverage knowledge to support innovation
Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements
What you will bring
15+ years of relevant asset management, investment product development, fund structuring, legal/tax structuring, product strategy or institutional investment experience, preferably with exposure to private real estate, private markets, or alternatives
Demonstrated ability to lead multiple complex initiatives simultaneously, drive execution, manage dependencies and deliver high-quality outcomes in a fast-paced environment
Intellectually curious, goal-oriented individual, self-starter with a bias toward action, strong ownership mindset and commitment to delivering high-quality results with integrity
Ability to prepare committee-ready materials and communicate complex product-related considerations clearly to senior stakeholders
Strong analytical and problem-solving skills, with high attention to detail and ability to balance strategic judgment with rigorous execution
Clear written and verbal communication skills, with proven ability to collaborate effectively with and influence stakeholders at all levels of the organization
Ability to work independently, exercise sound judgment and build trusted partnerships across investments, distribution, legal, tax, compliance, operations and senior management
Strong PowerPoint, Excel and Word skills, with ability to produce executive-ready materials and clear analytical outputs
Practical experience with institutional fund structures and investor access vehicles, including private funds, feeders, parallel vehicles, REIT/blocker structures, Luxembourg/Ireland/Delaware/Cayman or other relevant domiciles, side letters, liquidity mechanics, fee terms and cross-border investor considerations
What will set you apart?
Experience launching complex private real estate, private markets, alternatives, or institutional commingled funds from concept through closing
Strong understanding of fund structuring, investor access vehicles, liquidity mechanics, fee terms, side letters and cross-border distribution considerations
Working knowledge of tax principles relevant to real estate investment fund structuring, with ability to partner effectively with tax counsel
Executive presence and ability to influence senior stakeholders across functions
Comfort operating in ambiguous situations, driving decisions and creating structure around complex initiatives
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $190,000 - $230,000 Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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.