PGIM Credit, Asset Backed Finance Surveillance Director

Prudential Financial • Newark, NJ

1d • $170,000 - $180,000 • Hybrid

About The Position

PGIM is seeking an organized and analytical professional to conduct surveillance of Asset Backed Finance (“ABF”) assets. This individual will work alongside the research teams to track transaction performance across all ABF investments and escalate situations where performance deviates from expectations. This cross-transaction generalist role will also partner with technology teams to improve automated surveillance coverage. The role offers exposure to the full spectrum of PGIM's ABF investments and a direct view into the investment process, making it a strong platform for growth.

Requirements

• Bachelor’s degree required
• 5-10 years of relevant experience in securitized products with exposure to a wide range of asset classes.
• Demonstrated ability to monitor securitized products performance at the deal level and loan level.
• Experience reviewing periodic transaction reporting, which includes periodic trustee reporting and ongoing miscellaneous deal notices
• Strong understanding of Intex and Bloomberg
• Programming and data visualization skills required, with the ability to leverage AI to build efficient systems that analyze both existing datasets (e.g., Bloomberg, Intex, dv01) and bespoke issuer reporting not captured by traditional databases
• Detail-oriented and analytical, comfortable managing a steady calendar of recurring surveillance deadlines.
• Excellent communication skills, with the ability to articulate performance views clearly 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 against 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, such as amendments, restructurings, servicer changes, etc., and communicate the credit impact.
• Produce concise surveillance summaries that highlight performance trends, and forward-looking considerations to inform portfolio reviews; handle ad hoc surveillance requests as they arise.
• Partner with the ABF Deal Team to develop and standardize issuer reporting packages, closing gaps where current reporting is inconsistent or insufficient for 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, and support portfolio reviews, risk discussions, and internal inquiries with clear, analysis-driven insight.
• Identify and escalate collateral-integrity or cash-reconciliation anomalies, such as unexplained variances between reported and expected collateral or cash, that may signal fraud, double-pledging, or other data-integrity risk.

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).

What This Job Offers

• Job Type: Full-time
• Career Level: Director