PGIM PTC - Manager, Trust Administration

Job Classification:

Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential (PGIM), 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.  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: 

Prudential Trust Company (PTC), a subsidiary of PGIM, is looking for a Manager, Trust Administration to join our Trust & Fund Administration team. This role will support new business initiatives and administration of commingled investment funds, single client directed trust accounts and custodial accounts.   

What you can expect:

This position's primary responsibilities may include but are not limited to:
 

• Works with business partners & control functions to manage administrative processes associated with establishing, maintaining, and terminating commingled investment funds & single client accounts.   Provides direction to service providers and ensures accurate setup on fund accounting and plan record keeper systems.

•  Responsible for maintenance of bank, custody and foreign market accounts including new account openings, closings, and other ongoing administration. 

• Review of client documentation and account setup on systems to ensure compliance with internal and regulatory requirements.

• Consult and respond to inquiries from client-facing personnel as needed. 

• Coordinate, manage, and prepare responses to audits and regulatory examinations.

• Support new business initiatives and handle special projects as assigned.

• Assist with annual and periodic due diligence reviews covering internal and external vendors.

• Responsible for records management and records retention.

•  Supervises one or more associates.

What you will bring:

• Bachelor’s Degree in related field.

• 5-7 years relevant industry experience. 

• Strong analytical, critical thinking and problem-solving skills with an ability to exercise sound judgement.

• Understands the implication of processes on other groups and downstream systems.

• Self-motivated, detail oriented, highly organized, and exceptional time management.

• Strong interpersonal skills with an ability to work collaboratively with various business partners and control functions.

• Strong oral and written communication skills.

• Proficient in Microsoft Office including MS Word, Excel & Powerpoint. 

• Ability to manage multiple responsibilities under challenging time frames.

•          Continuous improvement or process optimization experience.

What will set you apart:

• Professional designation(s) and/or MBA

• Knowledge of financial services and investment products

• Trust, employee benefits or retirement plan administration experience.

• Contract administration experience.

Prudential Trust Company welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

About PGIM – Global Asset Management

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.34 trillion in assets under management as of March 31, 2024.  With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If