About this opportunity
Original employer descriptionLocation: This role is based in our Letterkenny office two days a week.
What you will do:
The PGIM Real Estate Loan Servicing business, has an immediate opportunity within the accounting division at their Letterkenny Location. PGIM Real Estate is seeking a Accounting Specialist to join its Agency Accounting Team. You will be responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e., borrower deposit, rate lock, funding, and loan settlement) as well as maintaining the associated cash logs. Other related responsibilities include accounting for Mortgage Servicing Rights (MSR’s), analytics (e.g., Revenue schedules and “Goal Posts”), PASS account reconciliations (Prudential’s system for assuring materially correct Balance Sheet account balances), Loan Fee accounting, debt (to fund loans) tracking, and creation of robust policies and procedures.
The ideal candidate will be collaborative, initiative-taking, and work well within a fast-paced, challenging environment. They will take ownership of their work and accountability for driving positive business outcomes.
What you can expect:
Prepare Agency cash logs and corresponding journal entries.
Prepare bank account reconciliations.
Prepare closing wires and reconcile borrower’s deposits through Loan Fee Accounting.
Prepare mortgage loan accounting entries (including preparation of and maintaining the Agency Mortgage Loan Master Files which track loans at rate lock, funding, and settlement).
Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries.
Obtaining a solid understanding of the business to perform effective analytics (e.g., Revenue Schedules and Goal Posts).
Prepare Balance Sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off.
Effectively partner across the organization with Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting, and IT to ensure effective communications across the platform.
Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis.
What you will bring:
Bachelor’s degree and 2+ years of relevant accounting experience
Solid understanding of GAAP accounting principles.
Strong accounting, research, and analytical skills.
Ability to drive process improvement.
Strong technical skills including advanced knowledge of Excel.
Strong interpersonal, communication and partnering skills.
Willingness to work extended hours and the ability to support other internal groups as needed.
Exceptional Microsoft Office skills (Excel, Word)
The candidate should have the ability to multitask, self-motivate, and prioritize work effectively in a face paced environment. They should enjoy problem solving and collaborating in a team environment.
What Will Set You Apart
Experience in commercial real estate, Financial Services, or Asset Management industry.
Real Estate industry knowledge of debt/equity terms and financial application
Experience with SQL Oracle GL systems.
*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.
What we offer you
• Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
• Annual Leave of 23 days at full pay.
• Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.
• Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
• Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.
• Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.
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.
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PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.
Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.
