VP, Corporate Counsel, Securitization

Prudential Financial•Newark, NJ

2d•$216,000 - $292,200•Hybrid

About The Position

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions! Are you a legal expert specializing in asset-based finance? PGIM, Inc. is looking for an experienced asset-based finance lawyer with asset management and securities experience to support PGIM Fixed Income (the public fixed income asset management unit within PGIM, Inc.). The successful candidate will be based in Newark, N.J. and will join a global team of 13 lawyers supporting PGIM Fixed Income’s asset management business. On June 30, 2024, PGIM Fixed Income had approximately $805 billion in assets under management. The current EWA for this position is Hybrid and requires on-site presence on a reoccurring basis as determined by the business. We will provide additional details relative to the specific number of days you are expected to be on-site. What you can expect: providing day-to-day legal advice and support for PGIM Fixed Income’s securitized products group in connection with private asset-based finance transactions (e.g., capital solutions, consumer loans, renewables, mortgages and specialty finance) structuring and forming fund vehicles reviewing and negotiating complex deal documentation and confidentiality agreements providing advice with respect to operations, syndication and trading issues advising on related investment management issues providing advice regarding various regulatory matters advising on debt finance and lending transactions as the need arises close collaboration with investment and business professionals managing outside transaction and fund formation counsel

Requirements

5+ years of relevant and sophisticated experience as a lawyer in a law firm, investment bank or investment manager
Significant and substantial legal experience in the areas of asset-based finance/securitized products/structured finance or related areas of private credit (including the various asset-based finance asset classes described in the Job Description)
Stellar project management skills, including the ability to prioritize multiple tasks and operate independently in a fast-paced environment
Excellent judgment, including the ability to provide pragmatic advice and raise issues when appropriate
Ability to collaborate with clients, colleagues and corporate partners at all levels, including senior management
Admitted to practice in N.J. (or be able to obtain a N.J. in-house counsel license as required)

Nice To Haves

U.S. securities laws
Investment management/Investment Advisers Act of 1940
Registered investment companies/Investment Company Act of 1940
Insurance regulation and regulatory capital requirements
Broker-dealer regulation
ERISA

Responsibilities

providing day-to-day legal advice and support for PGIM Fixed Income’s securitized products group in connection with private asset-based finance transactions (e.g., capital solutions, consumer loans, renewables, mortgages and specialty finance)
structuring and forming fund vehicles
reviewing and negotiating complex deal documentation and confidentiality agreements
providing advice with respect to operations, syndication and trading issues
advising on related investment management issues
providing advice regarding various regulatory matters
advising on debt finance and lending transactions as the need arises
close collaboration with investment and business professionals
managing outside transaction and fund formation counsel

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.

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