PGIM Fixed Income - Associate Manager, FI Operations

Job Classification:

Investment Management - Investment Operations

Associate Manager FI Operations

PGIM Fixed Income – Special Situations, Newark NJ

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!  

 

What you will do 

 

The individual in this role will provide operational support for our Special Situations, Mortgaged Backed Securities (MBS), and Asset Based Finance business. Products supported by this team include Direct Lending, Opportunistic Credit, Distressed Debt/Restructures, Residential Mortgage Home Loans, and MBS. This role will primarily focus on assisting the Deal Teams with multiple operational facets of the deal set-up, settlement, and secondary trading process. There will be a high level of interaction with Portfolio Management, Legal, and other internal parties, as well as counterparties, custodians, and agent banks.

 

 

What you can expect 

·       Actively facilitate the deal execution process for privately held assets, including trade capture, wire processing, settlement, and other steps required in coordination with multiple groups including deal team, internal counsel, fund management, data integrity, external parties, etc.

·       Investment/trade capture of primary and secondary trading activity in Order Management System

·       Primary and Secondary loan, bond, and equity trade settlements

·       Wire management to ensure deals fund and wires are processed in a timely manner

·       Service loans (rolling contracts) and complete private asset transfers

·       Track investor cash

·       Work with internal teams to help research and resolve cash and position reconciliation breaks

·       Working with Custodian Banks and Servicers to rectify breaks

·       Compile regular and ad-hoc reporting for various areas within the firm

·       Assist in strategic initiatives related to technology and process enhancements

 

What you will bring 

·       Bachelor’s degree in Finance, Accounting, Business, or related discipline

·       4-7 years of experience in Financial Services

·       Experience with Residential Mortgage Loans, Private Credit, Restructures/Special Situations, Bond or Bank Loan Operations

·       Experience interpreting Credit Agreements and Purchase Agreements

·       Intermediate or Advanced skills with Microsoft Office Suite

·       Ability to work alone and in a team environment, adaptability is key