Associate, Investment Operations | Bank Loan Settlements | PGIM Alternative Investments (Hybrid/ Newark, NJ)
About The Position
The Associate supports PGIM Alternative Investments’ operations platform, with responsibility for settlement activities for USD bank loans and assistance with non-USD bank loans. The role covers data integrity, trade communications, trade documentation, and settlements, and involves coordinating with counterparties and borrowers to receive and review loan trade documents and facilitate KYC and onboarding for new accounts. It requires regular collaboration with Portfolio Management, Deal Teams, Legal, Compliance, counterparties, custodians, trustees, and agent banks to execute transactions accurately and on time and to provide ongoing portfolio support. The Associate works with a global operations team based in Newark, London, and Ireland. The role includes resolving operational and security-data issues, addressing risks, communicating proactively with business partners, improving processes, and maintaining effective internal and external service relationships. The Associate may lead large-scale strategic initiatives in collaboration with vendors and internal technology teams. The position is based in Newark, New Jersey, and follows a hybrid schedule with three days in the office. The role is part of Prudential’s Investment Management - Investment Operations organization.
Requirements
- Minimum 5–7 years of experience closing par loans, including drafting and reviewing loan trading documentation.
- Strong knowledge of bank loan products.
- Familiarity with par/near-par loan trading market conventions.
- Experience with the ClearPar loan closing system.
- Ability to read and interpret credit agreements.
- Strong presentation, written communication, and interpersonal skills, including experience communicating with all levels of management.
- Superior analytical skills, accuracy, and attention to detail.
- Ability to organize and prioritize tasks and work in a deadline-oriented environment.
- Critical-thinking and problem-solving experience.
- Ability to develop and cultivate relationships across staff levels.
- Ability to work independently and within a team environment.
- Strong written and verbal communication skills.
- Willingness and desire to learn and teach others.
- Self-motivation and readiness to take on additional responsibility.
- Comfort working in a fast-paced, high-intensity environment.
Nice To Haves
- A degree in Economics, Finance, or Business.
- Exposure to Aladdin, Wall Street Office, and S&P application suites.
- Familiarity with distressed loan trading conventions.
- Demonstrated leadership qualities, extracurricular involvement, and outstanding academic achievement.
Responsibilities
- Support all settlement activities for USD bank loans and assist with non-USD bank loan settlements.
- Support US (LSTA) and non-USD (LMA) bank loan settlements.
- Coordinate with trade counterparties and borrowers to receive and review loan trade documentation.
- Facilitate KYC and onboarding for new accounts.
- Maintain data integrity and support trade communications and settlements.
- Collaborate with Portfolio Management, Deal Teams, Legal, Compliance, counterparties, custodians, trustees, and agent banks to execute transactions accurately and on time.
- Research and resolve security data discrepancies.
- Take ownership of operational issues and resolve them while considering impacts on other operational areas.
- Anticipate issues that could adversely affect operational support and take action to reduce their likelihood.
- Communicate issues proactively with relevant business partners.
- Identify process inefficiencies and seek improvements using available tools.
- Help staff solve problems and incorporate processes that mitigate risk.
- Keep abreast of industry initiatives and market trends that may affect the business or create process-improvement opportunities.
- Cultivate internal and external relationships to achieve appropriate service levels.
- Collaborate with people across groups and levels to resolve problems.
- Lead and manage large-scale strategic initiatives, including collaboration with vendors and internal technology teams.
Benefits
- Market-competitive base salary and 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 for parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Education benefit for 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
