PGIM Credit, Asset Based Finance Surveillance Director
About The Position
PGIM is seeking an organized and analytical professional to conduct surveillance of Asset Based Finance (ABF) assets. The role works alongside research teams to track transaction performance across ABF investments and escalate situations where performance deviates from expectations. As a cross-transaction generalist, the Director will also partner with technology teams to improve automated surveillance coverage. The position offers exposure to the full spectrum of PGIM’s ABF investments and a direct view into the investment process. The role monitors ABF transactions at the deal and collateral levels, interprets transaction developments, and produces concise, forward-looking surveillance summaries for portfolio reviews. It also partners with deal and technology teams to improve issuer reporting and automated monitoring, engages external parties to obtain transaction information, and identifies and escalates collateral-integrity or cash-reconciliation anomalies.
Requirements
- Bachelor’s degree.
- 5–10 years of relevant experience in securitized products, with exposure to a wide range of asset classes.
- Demonstrated ability to monitor securitized product performance at both the deal and loan levels.
- Experience reviewing periodic transaction reporting, including trustee reports and ongoing miscellaneous deal notices.
- Strong understanding of Intex and Bloomberg.
- Programming and data visualization skills, including the ability to use AI to build efficient systems that analyze existing datasets such as Bloomberg, Intex, and dv01, as well as bespoke issuer reporting not captured by traditional databases.
- Detail-oriented and analytical, with the ability to manage recurring surveillance deadlines.
- Excellent communication skills and the ability to clearly articulate performance views to portfolio managers, traders, research colleagues, and other stakeholders.
- Ability to work independently and collaboratively across teams.
Responsibilities
- Monitor ABF transactions at the deal level, assessing performance against structural features and PGIM’s underwriting assumptions.
- Track collateral performance trends against underwritten credit assumptions and translate loan-level performance into deal-level implications.
- Follow and interpret transaction events, including amendments, restructurings, and servicer changes, and communicate their credit impact.
- Produce concise surveillance summaries highlighting performance trends and forward-looking considerations for portfolio reviews.
- Handle ad hoc surveillance requests.
- Partner with the ABF Deal Team to develop and standardize issuer reporting packages and address gaps in reporting that limit effective surveillance.
- Partner with the technology team to improve automated surveillance coverage and strengthen escalation and monitoring practices across the ABF platform.
- Engage with external parties to obtain and interpret transaction-level information.
- Support portfolio reviews, risk discussions, and internal inquiries with clear, analysis-driven insight.
- Identify and escalate collateral-integrity or cash-reconciliation anomalies that may signal fraud, double-pledging, or other data-integrity risks.
Benefits
- Market-competitive base salary with yearly bonus potential.
- Medical, dental, vision, life, and disability insurance.
- Paid Time Off and leaves of absence, including parental and military leave.
- 401(k) plan with company match up to 4%.
- Company-funded pension plan.
- Wellness programs, including up to $1,600 per year in reimbursement for eligible personal wellbeing purchases.
- Work/Life Resources covering topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Education Benefit to help finance approved traditional college enrollment and accredited certificate programs.
- Employee Stock Purchase Plan, allowing shares to be purchased at 85% of the lower of the beginning or ending purchase-period price.
- Potential eligibility for a discretionary annual incentive program.
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What This Job Offers
Job Type
Full-time
Career Level
Director
