PGIM Private Capital, Investment Operations Manager (Hybrid)

Job Classification:

Investment Management - Investment Operations

A 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!

PGIM Private Capital’s (“PPC”) Investment Operations team is looking for a results-driven, analytical, and highly motivated individual for a Manager position in their Newark office. 

What you can expect:

• Managing daily production - cash forecasting, cash positioning, third party coordination

• Foreign currency monitoring and bank account reconciliation- liaising with Private Accounting & Pru Global Funding; reviewing FX conversions, bank account overdraft charges/fees

• Daily end of day reconciliation to ensure all deliverables have been met and/or processed, a crucial audit requirement

• Tracking reportable expense payments and ensuring proper documentation is received to comply with IRS requirements

• Serving as a liaison between our business partners and the various banks

• Participating in UAT testing and reporting findings for internal system releases (PPC Systems, GTreasury, Loan Connect)

• Ensuring our monthly performance metrics are captured accurately in the KIR

• Confirming documentation meets audit standards

• Oversee and approve Daily cash reconciliation of third-party bank accounts (PPC as the investment manager) to ensure all principal & interest activity has been posted for shadow recordkeeping purposes.

• Approving withdrawals and deposits for new and existing private placement notes and maintaining a constant awareness and responsible approach due to the time sensitive nature related to these notes - this includes ensuring bond powers are created and executed where required.

• Approval of monthly custody reconciliation reports for third-party custodial accounts (PPC as the investment manager) that are used to reveal any holding breaks between the Bank, PAM, and Custody Log.

• Weekly review of Corporate Action activity and actioning when applicable

• Approval of CUSIP changes and custody related activities (including re-registrations from asset transfers, participations, electronic trades settling via DTC, CDS, Euroclear, Iberclear, Monte Titoli, etc.)

• Documentation / Records Retention – ensure all cash & custodial activity has been documented

What you will bring:

• 5+ years of relevant experience in banking or investment operations

• Experience managing direct reports is required

• Experience using Bank Systems, PAM, Excel, Word, Adobe & Cognos preferred

• Strong attention to detail and problem-solving skills

What will set you apart:

• High level of self-motivation

• Excellent communication and analytical skills

• Familiarity with wires (USD/foreign currency/swift messages)

• Ability to multi-task during high volume periods

• Ability to manage multiple priorities, work independently and interact effectively with team members and other internal/external partners

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 $110,000-$120,000 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. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the p