PGIM: 2025 Operations & Innovation, Investment Operations Internship Program (Tampa, FL)

Job Classification:

Investment Management - Investment Operations

PGIM: 2025 Operations & Innovation, Investment Operations Internship Program (Tampa, FL)

Location(s):  Tampa, NJ

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard to ensure Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.  

PGIM Operations and Innovation drives digital transformation, modern data analytics, and operational excellence across PGIM in partnership with our business and corporate functions. Our teams operate in a collaborative, agile manner and foster a strong community focused on the most relevant emerging technologies and best-in-class solutions.

Timeline:

The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025. This internship program is a direct pipeline into a full-time role within the PGIM O&I Rotational Program consisting of three rotations of cross-functional learning over three consecutive years resulting in permanent placement opportunities.

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.

To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season. It is recommended that all applications be submitted in one sitting.  

Your Day to Day:

Responsibilities may include but are not limited to:

• Maintaining investment accounting, reporting and record keeping systems for various financial instruments
• Timely and accurate processing of trade activity, income payments, corporate actions, and deal restructurings in sub ledger systems
• Overseeing financial data quality in the data warehouse and reporting databases

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. Your placement within the Investment Operations Internship Program will be in one of the following areas:

Accounting

The accounting team is responsible for the validation of portfolio and transaction level activity including trades, income payments, derivative margins, acquisitions, distributions, corporate actions, and deal restructurings in sub-ledger systems.

Data Quality Group

This team manages the oversight of portfolio and security level financial data quality in the investment risk data warehouse, accounting system and reporting databases.

Reporting

The Reporting team supports partners by preparing, analyzing, and distributing limit monitoring, activity, income, and holdings reports on a daily, weekly, monthly, quarterly, and annual basis sourced from various internal data warehouses.

Financial Accounting and Client Reporting

Financial Accounting and Client Reporting supports the production of client Asset and Investment statements, regulatory reporting, client flow transaction processing, accounting, ledger entries, client record set-up, cash settlement, calculation and collection of fees, revenue reporting, AUM reporting, various reconciliations, and audit support.

Fund and Investor Services

Fund and Investor Services supports the calculation and validation of fund unit values, performance reporting, Transfer Agency - track ownership in commingled accounts; reconcile liabilities to clients’ total assets, new business/product development, fund and share class set-up, client flow transaction processing and forecasting, fund and client launch/transition coordination, bank/vendor liaison and oversight, regulatory reporting and financial statement support, trading - incl NSCC, various reconciliations and audit support.

Required Qu