PGIM Fixed Income: Associate Manager, FI Operations - Bond Operations Private Credit (Hybrid/Newark, NJ) at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What You Will Do

As a key member of our Operations team, you will support our Private Credit, Special Situations, and Asset-Based Finance business, including Direct Lending, Opportunistic Credit, and Distressed Debt/Restructures. Your primary focus will be on assisting the Deal Teams with various aspects of deal execution, settlement, and secondary trading processes. This role involves significant interaction with Portfolio Management, Legal, and other internal parties to ensure seamless operations.

Key Responsibilities:

• Deal Execution: Facilitate the execution process for privately held assets, including trade capture, wire processing, KYC, settlement, and coordination with deal teams, internal counsel, data integrity, external parties, and more.




• Trade Capture: Record primary and secondary trading activities in the Order Management System.




• Reconciliation: Collaborate with internal teams to research and resolve cash and position reconciliation breaks in a timely manner.




• Wire Management: Ensure that deals are funded, and wires are processed promptly.




• Reporting: Compile regular and ad-hoc reports for various areas within the firm.




• Strategic Initiatives: Assist in strategic initiatives related to technology and process enhancements.




• Trade Settlements: Manage settlements for primary and secondary bond, equity, and private loan trades.




• Loan Servicing: Review and distribute agent notices internally and respond to audit requests.

What You Will Bring

• Educational Background: Bachelor’s Degree in Finance, Accounting, Business, or a related discipline.




• Professional Experience: 4-7 years of experience in Financial Services, particularly in Private Credit, Restructures/Special Situations, Bond, or Bank Loan Operations.




• Technical Expertise: Proficiency in interpreting Credit Agreements and Purchase Agreements, and intermediate to advanced skills with Microsoft Office Suite.




• Attention to Detail: A detail-oriented self-starter with the ability to work independently and as part of a team.




• Problem Solving: Strong independent problem-solving and critical thinking abilities.




• Work Ethic: A strong work ethic, honesty, integrity, and excellent interpersonal and communication skills.




• Time Management: The ability to manage and prioritize multiple tasks in a deadline-driven environment.




• Industry Knowledge: A strong understanding of the global trade lifecycle and industry technology (DTCC CTM, Swift, Bloomberg).




• Additional Skills: Experience working with Transfer Agents, settling Delayed Draw Term Loans (DDTL) and Revolvers, and instructing/settling DWAC, DRS, FOP, and physical bonds or equities is a plus.




• Software Proficiency: Experience with Aladdin and WSO (or other loan servicing platforms) is advantageous.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)




• Retirement plans:




• 401(k) plan with generous company match (up to 4%)




• Company-funded pension plan




• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.




• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, Total Rewards Brochure

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 $115,000 to $135,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.  

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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