Senior Investment Associate - Asset Based Finance

PGIM • Newark, NJ

2d • $140,000 - $155,000 • Hybrid

About The Position

We are seeking a highly motivated Senior Investment Associate to join our Asset Based Finance (ABF) investment team. The Associate will support senior investment professionals across the origination, underwriting, structuring, execution, and portfolio management of private credit investments. This individual will work closely with deal leaders to evaluate opportunities, conduct credit analysis, structure transactions, coordinate execution processes, and present investment recommendations to internal and external stakeholders. This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remote.

Requirements

• Bachelor’s degree in Finance, Economics, Accounting, or related field
• 4+ years of relevant experience in private credit, leveraged finance, structured credit, investment banking, or related investing roles
• Strong credit underwriting skills with experience analyzing corporate borrowers, structured transactions, and/or asset-backed portfolios
• Demonstrated experience building and interpreting financial models, including cash flow analysis, scenario modeling, and downside stress cases
• Ability to evaluate complex deal structures, collateral pools, and legal frameworks with attention to detail
• Ability to manage multiple transactions and deadlines in a fast-paced environment
• Excellent written and verbal communication skills
• High level of intellectual curiosity, strong analytical mindset, and proactive problem-solving approach
• Collaborative team player with the ability to work effectively across internal teams and external partners

Nice To Haves

• advanced degree (MBA) or progress toward CFA is a plus
• exposure to asset-based finance or securitized products is a plus

Responsibilities

• Perform detailed credit analysis of borrowers, collateral pools, transaction structures, and counterparties.
• Build and/or maintain financial models, cash flow analyses, stress scenarios, and sensitivity analyses.
• Conduct industry and market research to support investment decisions.
• Assist in developing investment theses and recommendations.
• Support deal leaders in structuring private credit and asset-based finance transactions.
• Coordinate execution workstreams across internal and external stakeholders.
• Manage transaction timelines, deliverables, and closing processes to ensure efficient execution.
• Prepare investment memoranda, underwriting materials, and presentation decks for internal approval processes.
• Present transaction analyses and recommendations to investment committees and senior management.

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), after one year of service.

What This Job Offers

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