PGIM Private Capital: Senior Investment Operations Associate (Hybrid/Newark, NJ)

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 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.

What You Will Do

We are looking for a Sr Investment Operations Associate to join the PGIM Operations Trade Management team. Prudential Financial helps individual and institutional customers grow and protect their wealth. We are known for delivering on our promises to our customers and are recognized as a trusted brand and one of the world’s most admired companies.

If you are results driven, motivated, have a passion for working with financial data, and are deeply analytical and highly innovative, then this role is the position for you!

What you can Expect

• Support wire & custody activity for all the Private asset managers PGIM REF and PPC.

• Serve as a control point for the Settlements Unit

• Partner effectively and efficiently with internal and external business partners, including Private Accounting, Deal Management, Internal and External Systems Teams, Corporate Banking, Third Party Clients, Asset Managers, and Prudential Global Funding.

• Wire Database - reviewing and processing wires generated from the Privates accounting system

  • Participated wires – derived from asset transfers; internal cash moves for incoming principal and interest.

  • Misdirected wires & overpayments – review wiring instructions and return funds in a timely manner

  • Expense Payments - ensure that the appropriate expense supplemental forms used for year-end tax reporting is completed correctly.

  • Foreign Currency

    • Wires – straights, FX conversions, comp claims, FX swaps

• Participate in UAT and report findings for internal system releases (Wire Database, ULTRA, TITAN, Kyriba, Loan Connect/Omnia)

• Documentum / Records Retention – ensure requirements are met

What you will Bring

• 1 - 2 years experience is preferred; direct experience in the banking and financial service industries a plus

• Bachelors degree

• Strong attention to detail and problem-solving skills

• High level of self-motivation and dedication

• Excellent communication and analytical skills

• Ability to multi-task during high volume periods

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

• Proficient in managing access & use across multiple banking portals and internal systems

• Working knowledge of Microsoft Office Suite

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 $85,000. 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