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!  

Our Role:

Our PGIM Private Capital (PPC) Trade Operations team is looking for a Senior Investment Operations Associate. This position involves loan servicing for PPC’s Direct Lending business and interacting extensively with internal and external business partners to assist in facilitating deal closings. With a strong attention to detail, the successful candidate will need to be able to review closing documentation for accuracy as well as maintain organization across data entry systems to effectively capture trade details.

This position is based in our office in Newark, New Jersey and will follow a hybrid schedule (3 days in office).

What you can expect:

• Loan servicing for PPC’s Direct Lending portfolio
• Review documentation and closing requirements prior to trade settlement
• Ensure accurate trade booking
• Liaise with PGIM Fixed Income and Trustees on servicing and growing the PPC CLO business
• Prepare daily/weekly/monthly reports and reconciliations
• Daily cash matching of open payables/receivables and monitoring of bank account activity
• Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
• Review and process wires generated related to Alternatives cash movements
• Review wire instructions and complete call-backs with banks and agents
• Liaison between Deal Teams/Legal and Operations
• Review legal docs for loan terms and document in standardized format
• Maintain documentation to comply with enterprise and departmental standards, facilitating audits and examinations by internal and external regulatory bodies
• Prepare forward hedging models with PGF to mitigate foreign currency risk for non-USD assets
• Continuously seek to find process improvements to increase overall operational productivity and efficiency 

What you will bring:

• Bachelors Degree and 2+ years in the banking or financial services industry
• Strong attention to detail
• Independent problem-solving skills
• High level of self-motivation
• Excellent communication and analytical skills
• Ability to multi-task during high volume periods
• Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel

What will set you apart:

• Experience using Wall Street Office
• Loan closing and servicing experience

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 $75,000 to $80,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

Our Business:

At PGIM Private Capital, expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.

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What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level. 

• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of a