PGIM Credit, Power and Energy Originations Sr Director

Prudential Financial•Newark, NJ

1d•Hybrid

About The Position

PGIM is seeking an experienced investment professional to manage and originate investment transactions in power generation assets, including wind, solar, hydroelectric, natural gas-fired power plants, and transmission assets, as well as investments in power project developers, utilities, and cooperatives. The group invests across North America, Latin America, the UK and Europe, and Australia. The Sr Director will lead a team responsible for sourcing, underwriting, and managing senior debt, investment-grade, below-investment-grade, and mezzanine investments. The position reports to the Managing Director of PGIM’s Real Assets - Power group and is based in Newark, New Jersey. PGIM uses a hybrid work arrangement with three weekly in-office anchor days.

Requirements

Bachelor’s degree required.
10+ years of experience in the power project and utility finance industry, focused on project finance structuring and transaction documentation, including familiarity with tax equity structures.
Track record of closing transactions, including originating, structuring, and negotiating deals; working with lawyers on financing documentation; and carrying transactions through closing.
Excellent presentation and communication skills, including the ability to communicate results and influence decisions and direction at the senior management level.
Strong analytic and investment skills and a proven track record in making and/or managing solid debt investments over time.
Excellent relationship skills and proven ability to develop business with new and existing clients.
Ability to distill and clearly and concisely communicate complex issues to varied decision makers and audiences.
Highly motivated, creative problem solver able to thrive in a fast-paced, results-oriented environment.
Ability to travel.

Nice To Haves

MBA and/or CFA designation.
Strong leadership abilities and effective management skills, with a desire to manage, mentor, and develop team members.
Ability to operate with a sense of urgency and work productively with internal investment teams and support functions, as well as clients and external advisors.

Responsibilities

Source new private placement senior debt and mezzanine investments, typically ranging from $25 million to $250+ million, directly and through intermediaries and advisors.
Supervise and develop junior investment professionals.
Generate deal flow by developing and maintaining relationships with clients, sponsors, prospects, intermediaries, and advisors in targeted markets.
Manage an existing portfolio of Power investments, including projects, project portfolios, utilities, and cooperatives.
Work with lawyers to negotiate financing documents.
Work with the Managing Director to accomplish the objectives of the Real Assets - Power group and PGIM overall.

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 for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources supporting 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 an approved degree and accredited certificate programs.
Employee Stock Purchase Plan, allowing shares to be purchased at 85% of the lower of the beginning or ending price of the purchase period.
Potential eligibility for a discretionary annual incentive program, subject to program rules and individual and organizational performance.