PGIM: Senior Structuring Associate, Product Development (Hybrid/Newark, NJ)

Prudential Financial•Newark, NJ

13d•$135,000 - $155,000•Hybrid

About The Position

We are seeking a Senior Structuring Associate to join our Product Development Team, which manages the product development lifecycle and plays a critical role in creating, structuring, and delivering innovative investment strategies (public and private) to global investors across all channels (including retail, institutional, insurance, US, and Non-US). This role will be at the forefront of structuring, oversight, and rating agency engagement for rated feeders and other structured products, including collateralized fund obligations and multi-asset class initiatives. The position will have the opportunity to shape the future of PGIM’s structured products offered to our private credit investors as well as work alongside industry Prior hands-on experience from an investment bank, rating agency or private credit manager is preferred, specifically with respect to structuring private credit vehicles, and possessing a strong understanding of the direct lending and broader private credit landscape.

Requirements

3–5 years of relevant experience; preferably in investment banking with a focus on structuring advisory for private credit managers or related experience in asset management or a rating agency.
Strong understanding of the private and public credit markets and vehicle structures.
Proven experience with rated feeders, collateralized fund obligations, and/or multi-asset class structured products.
Capacity to handle multiple projects simultaneously; strong execution and follow-through skills in a fast-paced environment.
Self-starter with excellent analytical, communication, organizational, and problem-solving skills.
Team-player with the ability to work collaboratively and cross-functionally within a dynamic team environment.
Strong attention to detail and commitment to delivering high-quality results.
Proficient in full Microsoft suite and financial modeling

Nice To Haves

Prior hands-on experience from an investment bank, rating agency or private credit manager is preferred, specifically with respect to structuring private credit vehicles, and possessing a strong understanding of the direct lending and broader private credit landscape.

Responsibilities

Lead the structuring, launch, and monitoring of rated feeder vehicles and other innovative structured products, such as collateralized fund obligations and multi-asset class solutions.
Manage and maintain relationships with rating agencies, structuring advisors, counsel, and/or investors ensuring timely and accurate engagement throughout product lifecycle.
Provide oversight of product structuring processes, from initial design through execution and ongoing management.
Support due diligence, documentation, and marketing efforts related to structured product launches.
Collaborate closely across PGIM’s cross-functional teams (investment teams, portfolio management, legal, compliance, operations, and distribution) to ensure seamless delivery and execution.
Monitor market trends and regulatory developments in private/public credit and structured products to inform product strategy and design.
Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements.
Help serve as a subject matter expert on structured products for internal and external stakeholders, advising on best practices and innovation.

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.
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.

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