PGIM Real Estate-Senior Servicing Specialist

Job Classification: Investment Management - Investment Operations 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 candidate will be responsible for processing incoming borrower payments and wire activity, ensuring cash is accurately applied to the appropriate loan records and that daily work is balanced and reconciled. This role requires strong attention to detail, the ability to research unidentified or unapplied wires, and timely coordination with internal teams to resolve exceptions. What you can expect Handle cash processing functions for loans serviced by PRELS, including incoming borrower payments, wire transfers, ACH activity, and other cash receipts. Perform daily cash balancing and reconciliation to ensure payments processed agree to bank activity and system postings. Research and resolve unidentified wires, unapplied receipts, payment discrepancies, receipt account items, and posting exceptions, including monitoring aging items and escalating unresolved issues as appropriate. Process approved disbursements in the loan system, including suspense, expense, escrow, and reserve activity, and set up and monitor pre-authorized borrower transfers. Support monthly subsidy billing, MIP transmission to HUD, month-end reporting, ad hoc reporting, and audit requests. Communicate with internal teams, banking partners, Treasury, Accounting, Asset Management, Special Servicing, and other servicing contacts to obtain supporting details needed to identify, apply, and clear funds. Maintain accurate documentation of research, resolution steps, clearing activity, and audit support while ensuring payment processing follows internal controls, servicing requirements, and established deadlines. Identify recurring payment issues or process gaps and recommend improvements to reduce unapplied cash and enhance productivity, efficiency, and customer service. What you will bring Bachelor’s degree with treasury, banking, cash operations, or loan servicing experience. Strong understanding of cash processing, bank activity, payment application, daily balancing, and reconciliation responsibilities. Proficiency in Microsoft Excel, including spreadsheets, formulas, calculations, and data review. Strong organizational skills with the ability to prioritize high-volume, deadline-driven cash processing work. Strong attention to detail with the ability to identify discrepancies, research payment exceptions, reconcile daily activity, and manage outstanding items through resolution. Ability to clearly document research findings, resolution steps, and support for audit or review purposes. What will set you apart Experience researching unidentified wires, unapplied cash, suspense activity, receipt account items, or payment exceptions. Familiarity with commercial mortgage loan payment processing, borrower remittances, banking systems, and loan servicing systems such as McCracken Strategy. Strong analytical and problem-solving skills with the ability to identify recurring payment issues and recommend process improvements. Self-starter with a strong sense of urgency and the ability to work independently in a time-sensitive environment. *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. *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 $70,000 to $85,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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%).  Comp