PGIM Private Capital: Investment Operations Specialist (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!

What you will do

Our PGIM Private Capital (PPC) Investment Operations team is looking for a highly motivated individual to support PPC’s Private Credit investment business. This includes support for our Direct Lending Loans. This Specialist will support our U.S. and foreign deal teams as they originate, close, and fund new Direct Lending transactions and will play a key liaison role with investment teams, attorneys, banks, and agents.

You will navigate the closing and post-closing process for certain transactions and escalate issues with investment teams, banks, legal counsels, and operations teams. Leading and being a mentor, and resource to more junior team members is part of the role. The ability to navigate complex settlement activities with the banking community and borrowers is important.

What you can expect

• Provide Direct Lending assignment support to U.S. and foreign based Investment teams, attorneys, and other business partners

• Relationship Manager to agents, as well as outside and local counsels involved in the transfers of Direct Lending loans

• Preparing and reviewing documents such as assignment agreements and transfer certificates associated with Private Credit transactions

• Develop and maintain templates and forms

• Liaise with internal and external auditors and ensure documentation in in place to comply with enterprise and departmental standards

• Coordinate KYC with the PPC paralegals

What you will bring

• Degree in law, paralegal studies, business management OR similar field required

• Experience in the financial industry, particularly in loan operations, real estate loan closing or loan servicing.

• Familiarity with preparing forms in legal documents including but not limited to assignment documents is preferred but not required

• A minimum of 3-5 years of relevant work experience preferred

• Ability to problem solve and work autonomously

• Experience with Know Your Client (“KYC”) requests to serve as a resource and contact

• Manage tight deadlines in fast-paced environment

• Excellent verbal and written communication skills

• Assist in document management. Must be organized and efficient

• Maintain accuracy on all project and pipeline tracking reports

• Gather and verify cost information, legal and vendor invoices

• Knowledge of the following skills: Microsoft Office Suite (Outlook, OneNote, Excel, Word) and Adobe Acrobat. Ability to utilize Microsoft Word skills: compare documents (redline), electronic signatures; and document formatting

• Additional knowledge in the following areas is highly desirable but not required: Intralinks and Clearpar

​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 $85,000 to $95,000. 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.

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 inves