PGIM Associate , Fund Operations (Hybrid/ Chicago, IL)

Prudential Financial • Chicago, IL

2d • Hybrid

About The Position

The PGIM Direct Lending Fund Operations team is seeking an Associate to join the Direct Lending product. The Direct Lending strategy within PGIM is responsible for originating, underwriting, and managing a portfolio of privately placed leveraged loans for middle market issuers ($10–100 million of EBITDA). The strategy spans multiple fund structures—including limited partnerships, SEC registered funds, parallel funds, separately managed accounts, and structured vehicles such as CLOs—and continues to evolve in response to growing transaction flow and investor demand. The Fund Operations Associate will play a high‑impact role supporting the execution and ongoing oversight of complex fund structures. The role spans financial, performance, and investor reporting, while also contributing to the operational readiness of new investment vehicles. This position offers broad exposure to fund operations and product development, with close collaboration across investment, legal, compliance, and finance teams in Chicago, Newark, and Ireland.

Requirements

• Minimum 3 years of accounting, audit, tax, fund administration, or operations experience in financial services
• Proven experience with financial statement preparation and accounting guidelines
• Strong presentation, written communication and interpersonal skills with exposure to all levels of management
• Superior analytical skills, accuracy and careful attention to detail are crucial
• Energetic person who brings positivity, geniality and optimism to work
• Critical thinking and problem-solving experience required

Nice To Haves

• Previous exposure with Wall Street Office or Investran is a plus
• Previous exposure with Direct Lending and private credit funds is a plus

Responsibilities

• Prepare financial statements and performance returns for Direct Lending investors, including intricate incentive fee and management fee calculations
• Assist in the preparation and review of investor communications, including capital activity calculations and quarterly reporting
• Maintain accurate performance metrics that will be presented to PGIM leadership for regular reporting and analysis updates
• Proactively organize, manage, and settle the funds’ expense invoices
• Effectively manage monthly deliverables across various internal and external teams
• Proactively manage and complete ad hoc initiatives and projects
• Support Investor Relations during fundraising and new product exploration
• Communicate with investment companies, fund managers, service providers, and investors
• Join a global operations team by working with staff located in Chicago, Newark, and Ireland

Benefits

• 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 absences, such as parental and military leave
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed