PGIM: 2024 Real Estate, Agriculture Summer Analyst Program
PGIM: 2024 Real Estate, Agriculture Summer Analyst Program
Location(s):
- Fresno, CA
- Orlando, FL
- Jonesboro, AR/Memphis, TN
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.2 trillion in assets under management, and 47 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of six self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. Prudential is a Fully Inclusive Workplace: At Prudential, we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.
PGIM Agricultural Finance and Investments (PAI) is a business within PGIM Real Estate Finance, a wholly owned subsidiary of Prudential Financial, Inc. With a 100-year history in the agricultural space, Prudential’s overall agriculture business provides management of real estate investments (equity) and lending in the agricultural sector throughout the United States and currently manages $5.6 billion of agricultural mortgages and over $1.9 billion of real estate investments. PGIM has a goal of growing its assets under management.
Timeline:
The internship program will run from Monday, June 3rd, 2024, to Friday, August 9th, 2024.
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment year. It is recommended that all applications be submitted in one sitting.
The spring application window will close on Friday, March 15th, 2024, at midnight ET or when role(s) have been filled, whichever comes first.
Your Day-to-Day:
In this role you will perform financial modeling and analysis of potential agriculture transactions and provide analytical support to senior members of the team. You will interact professionally with senior management, originators, borrowers, joint venture partners, brokers and investors. You will have the opportunity to work in both our debt and equity business within PAI.
Within the Equity business, you will have the opportunity to work with both the Acquisition and Asset Management & Operations department professionals in the evaluation of prospective agricultural properties to acquire and of existing investments to enhance returns, as well as conducting various industry research and analysis projects.
Within the Debt business, you will have the opportunity to work with the national Agribusiness lending arm of PGIM Real Estate in addition to the regional debt teams and conduct various industry research and analysis projects.
Responsibilities may include but are not limited to:
- Conducting financial modeling to evaluate potential new investment opportunities.
- Underwriting and analysis to support asset management decisions (e.g. leasing, financing, buy/sell scenarios, property valuations, and joint venture structuring).
- Creating and executing strategies for developments, renovations/repositioning’s, and capital projects.
- Interfacing with external parties including leasing/sales brokers, property managers, joint venture partners, and legal counsel.
- Providing analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and preparation of loan briefs for investment committee approval.
Required Qualifications:
- Candidates must be enrolled in an accredited bachelor’s program or 5th year master’s program graduating between December 2024 and May 2025
- Business, Agricultural Finance, Economics, or Real Estate majors preferred but not required with a minimum GPA of 3.0
- Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
Preferred Skills:
- Strong quantitative skills and demonstrated analytical ability
- Understanding of real estate and finance terms and concepts preferred
- Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously
Our Application Process:
- Submit your application.
- If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s).
- If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.
For 2024 early talent roles, our process is designed to help you learn more about Prudential/PGIM and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of the team.