PGIM Credit, Power and Energy Originations Sr Director

Prudential Financial•Newark, NJ

2d•$195,000 - $215,000•Hybrid

About The Position

The Senior Director will manage and originate investments in power generation assets, including wind, solar, hydroelectric, and natural gas-fired power plants, as well as transmission assets and investments in power project developers, utilities, and cooperatives. The group invests across North America, Latin America, the UK and Europe, and Australia. The position leads a team responsible for sourcing, underwriting, and managing senior debt, investment-grade, below-investment-grade, and mezzanine investments. It reports to the Managing Director of PGIM’s Real Assets - Power group and is based in Newark, New Jersey. Investments typically range from $25 million to more than $250 million. The role also involves supervising and developing junior investment professionals, maintaining client and market relationships, managing an existing portfolio, negotiating financing documents with lawyers, and working with the Managing Director to advance the objectives of the Real Assets - Power group and PGIM. The role follows a hybrid arrangement, with three weekly in-office anchor days.

Requirements

Bachelor’s degree.
At least 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.
A 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 analytical and investment skills, with a proven track record of making and/or managing sound debt investments over time.
Excellent relationship skills and a proven ability to develop business with new and existing clients.
Ability to distill complex issues and communicate them clearly and concisely to varied decision makers and audiences.
Motivation, creativity in problem solving, and ability to thrive in a fast-paced, results-oriented environment.
Ability to travel.

Nice To Haves

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

Responsibilities

Source new private placement senior debt and mezzanine investments, 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 existing Power investments, including projects, portfolios of projects, 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 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 personal wellbeing purchases.
Work/Life Resources covering topics including parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Education Benefit for approved degree enrollment and accredited certificate programs.
Employee Stock Purchase Plan, with shares available at 85% of the lower of the beginning or ending purchase-period price.
Potential eligibility for a discretionary annual incentive program.