Associate, Investment Operations | Asset-Based Finance | PGIM Alternative Investments( Hybrid/ Newark, NJ)

Prudential Financial • Newark, NJ

9d • Hybrid

About The Position

As the Global Asset Management business of Prudential, PGIM is always looking for ways to improve financial services. They are passionate about making a meaningful impact, touching the lives of millions and solving financial challenges in an ever-changing world. PGIM believes talent is key to achieving their vision and is intentional about building a culture of respect and collaboration. Joining PGIM offers a motivating and impactful career, while growing skills and advancing professions at one of the world's leading global asset managers. They encourage individuals who are not afraid to think differently and challenge the status quo to join a dedicated team that's investing in the future by shaping tomorrow today.

Requirements

• Bachelors Degree in Finance, Accounting, Business, or related discipline preferred - All majors considered.
• 5-7 years of experience in Financial Services
• Experience supporting Asset Based Finance, Residential Mortgage Loans, Private Credit, or Restructures
• Intermediate or Advanced skills with Microsoft Office Suite
• Ability to work both independently and in a team environment
• Strong ability to independently research issues, evaluate information, and develop effective solutions while exercising sound judgment and appropriately escalating complex matters.
• Strong work ethic, honesty and integrity, as well as strong interpersonal and communication skills
• Ability to manage and prioritize multiple tasks in a deadline driven environment

Nice To Haves

• Experience interpreting Credit Agreements and Purchase Agreements a plus
• Experience working with Transfer Agents a plus
• Experience settling Delayed Draw Term Loans (DDTL) and Revolvers and instructing/settling DWAC, DRS, FOP, and physical bonds or equities a plus
• Experience with Aladdin/Aladdin Loan Manager or other loan servicing platforms a plus

Responsibilities

• Actively facilitate the deal execution process in coordination with deal team, counsel, fund management, and other internal and external stakeholders.
• Capture and maintain primary and secondary market trading activity within the Order Management System (OMS), ensuring accurate and timely IBOR positions and records.
• Manage end-to-end wire payment processes, ensuring efficient deal funding, settlement, and adherence to operational controls.
• Coordinate and execute private asset transfers.
• Manage daily production including cash forecasting and positioning.
• Work with internal and external stakeholders to research and resolve cash and position breaks.
• Prepare and distribute recurring and ad hoc reports to support business, operational, and management decision-making.
• Identify and implement process improvement and automation opportunities to increase operational efficiency, strengthen controls, and support business growth.

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).
• 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