PGIM Quantitative Solutions - Investment Operations Associate

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!

  What you will do:

  The associate will have daily contact with various operations groups within PGIM Quantitative Solutions (PQS), as well as the portfolio management team, client services and numerous other internal and external stakeholders.  The associate will be responsible for working through exception reporting, processing corporate events, short-term daily deliverables and email requests.  The PQS corporate actions and pricing team utilizes multiple vendor solutions and applications to complete daily tasks.  Each set of tasks is completed by one of several associates.  This role is within a group that is team oriented and the applicant will be expected to be able to work well within that dynamic.

What you can expect:

• Day-to-day management of the trade processing workflow 
• Review and resolve trade discrepancies with brokers and custodians, gain agreement on all trade details (financial info as well as settlement info)
• Confirm any necessary adjustments/corrections with Traders and process trade corrections as needed 
• Ensure all trades are settled by market deadlines on settlement date, with particular emphasis on sensitive markets and short-settlement trades.
• Handle incoming email issues; resolve or route accordingly
• Monitor all trade processing in our Trade Order Management system
• Post all cash adjustments and flows accurately and timely based on days cash package reconciliations.
• Build and maintain collaborative relationships with internal and external parties
• Follow-up on issues as related to assignments
• Assist with ad hoc projects
• Monthly Nav reconciliations to Fund Accountant or Custodians

What you will bring:

• BA/BS degree, preferably in Finance/Economics/Accounting
• 1– 2 years of related experience in the accounting/operations area of the investment management industry preferred
• Proficient in MS Excel, with an ability to learn new systems
• Preferred knowledge of various AI platforms (Power BI, Co-Pilot, others)
• Basic Bloomberg knowledge
• Quantitative/Analytical skills
• During peak periods, the individual may be required to work after regular hours to get the job done

What will set you apart?

• Excellent communication skills both verbal and written
• Detail Oriented
• Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work
• Excellent time management skills; work efficiently under the pressure of deadlines

PGIM believes in the Power of a Hybrid work arrangement.  The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through weekly anchor day(s). This position will work a hybrid schedule in our Newark, NJ office.

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 $60,000 to $70,000. 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 program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.