Senior Director, Institutional RE | PGIM Product Development ( Hybrid / Newark, NJ)

About the role

The Senior Director will serve as a senior product lead for institutional real estate initiatives, focusing on developing, structuring, and launching private real estate investment solutions. This role will play a key role in driving the growth of PGIM's alternatives efforts globally.

Responsibilities

• Translate investment capabilities, client demand, market opportunity, legal/tax considerations, and commercial priorities into scalable, executable products.
• Partner cross-functionally with investment, distribution, product strategy, marketing, legal, tax, compliance, operations, and senior leadership stakeholders.
• Lead the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out.
• 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 communicate new product pipeline activities to internal stakeholders.
• 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 and maintain technical expertise and understanding of regulatory, legal, and tax frameworks.

Requirements

• 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 with a bias toward action, strong ownership mindset, and commitment to delivering high-quality results with integrity.
• 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.
• Strong PowerPoint, Excel, and Word skills, with ability to produce executive-ready materials and clear analytical outputs.
• 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.

Qualifications

• 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.
• 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.

Skills

• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently, exercise sound judgment, and build trusted partnerships across functions.
• 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.

Benefits

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%). Company-funded pension plan. Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs. Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development. Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs. Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period). 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.

Pay

$190,000 - $230,000

Schedule

Full-time