Overview
Investment Management - Investment Operations
Our PGIM Private Capital (PPC) Trade Operations team is looking for a Senior Investment Operations Associate. This position involves loan servicing for PPC’s Direct Lending business and interacting extensively with internal and external business partners to assist in facilitating deal closings. With a strong attention to detail, the successful candidate will need to review closing documentation for accuracy as well as maintain organization across data entry systems to effectively capture trade details.
This position is based in our office in Newark, New Jersey and will follow a hybrid schedule (3 days in office).
What You Can Expect
Loan servicing for PPC’s Direct Lending portfolio
Review documentation and closing requirements prior to trade settlement
Ensure accurate trade booking
Liaise with PGIM Fixed Income and Trustees on servicing and growing the PPC CLO business
Prepare daily/weekly/monthly reports and reconciliations
Daily cash matching of open payables/receivables and monitoring of bank account activity
Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
Review and process wires generated related to Alternatives cash movements
Review wire instructions and complete call-backs with banks and agents
Liaison between Deal Teams/Legal and Operations
Review legal docs for loan terms and document in standardized format
Maintain documentation to comply with enterprise and departmental standards, facilitating audits and examinations by internal and external regulatory bodies
Prepare forward hedging models with PGF to mitigate foreign currency risk for non-USD assets
Continuously seek to find process improvements to increase overall operational productivity and efficiency
What You Will Bring
Bachelors Degree and 2+ years in the banking or financial services industry
Strong attention to detail
Independent problem-solving skills
High level of self-motivation
Excellent communication and analytical skills
Ability to multi-task during high volume periods
Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
What Will Set You Apart
Experience using Wall Street Office
Loan closing and servicing experience
Note Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from
$70,000 to $75,000 . Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
Our Business At PGIM Private Capital, expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
What We Offer You
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.
To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
#J-18808-Ljbffr
Our PGIM Private Capital (PPC) Trade Operations team is looking for a Senior Investment Operations Associate. This position involves loan servicing for PPC’s Direct Lending business and interacting extensively with internal and external business partners to assist in facilitating deal closings. With a strong attention to detail, the successful candidate will need to review closing documentation for accuracy as well as maintain organization across data entry systems to effectively capture trade details.
This position is based in our office in Newark, New Jersey and will follow a hybrid schedule (3 days in office).
What You Can Expect
Loan servicing for PPC’s Direct Lending portfolio
Review documentation and closing requirements prior to trade settlement
Ensure accurate trade booking
Liaise with PGIM Fixed Income and Trustees on servicing and growing the PPC CLO business
Prepare daily/weekly/monthly reports and reconciliations
Daily cash matching of open payables/receivables and monitoring of bank account activity
Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
Review and process wires generated related to Alternatives cash movements
Review wire instructions and complete call-backs with banks and agents
Liaison between Deal Teams/Legal and Operations
Review legal docs for loan terms and document in standardized format
Maintain documentation to comply with enterprise and departmental standards, facilitating audits and examinations by internal and external regulatory bodies
Prepare forward hedging models with PGF to mitigate foreign currency risk for non-USD assets
Continuously seek to find process improvements to increase overall operational productivity and efficiency
What You Will Bring
Bachelors Degree and 2+ years in the banking or financial services industry
Strong attention to detail
Independent problem-solving skills
High level of self-motivation
Excellent communication and analytical skills
Ability to multi-task during high volume periods
Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
What Will Set You Apart
Experience using Wall Street Office
Loan closing and servicing experience
Note Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from
$70,000 to $75,000 . Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
Our Business At PGIM Private Capital, expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
What We Offer You
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.
To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
#J-18808-Ljbffr