Job Classification:

Investment Management - Investment Operations

PGIM: 2025 Operations & Innovation, Investment Operations Analyst Program (Newark, NJ)

Location(s):  Newark, NJ

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the world’s leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.  

PGIM Operations and Innovation drives digital transformation, modern data analytics, and operational excellence across PGIM in partnership with our business and corporate functions. Our teams operate in a collaborative, agile manner and foster a strong community focused on the most relevant emerging technologies and best-in-class solutions.

Timeline:

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.

To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season. It is recommended that all applications be submitted in one sitting.  

Your Day to Day:

Responsibilities may include but are not limited to:

• Maintaining investment accounting, reporting and record keeping systems for various financial instruments
• Timely and accurate processing of trade activity, income payments, corporate actions, and deal restructurings in sub ledger systems
• Overseeing financial data quality in the data warehouse and reporting databases

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. Your placement within the Investment Analyst position will be in one of the following areas:

Accounting

The accounting team is responsible for the validation of portfolio and transaction level activity including trades, income payments, derivative margins, acquisitions, distributions, corporate actions, and deal restructurings in sub-ledger systems.

Data Quality Group

This team manages the oversight of portfolio and security level financial data quality in the investment risk data warehouse, accounting system and reporting databases.

Reporting

The Reporting team supports partners by preparing, analyzing, and distributing limit monitoring, activity, income, and holdings reports on a daily, weekly, monthly, quarterly, and annual basis sourced from various internal data warehouses.

Financial Accounting and Client Reporting

Financial Accounting and Client Reporting supports the production of client Asset and Investment statements, regulatory reporting, client flow transaction processing, accounting, ledger entries, client record set-up, cash settlement, calculation and collection of fees, revenue reporting, AUM reporting, various reconciliations, and audit support.

Fund and Investor Services

Fund and Investor Services supports the calculation and validation of fund unit values, performance reporting, Transfer Agency - track ownership in commingled accounts; reconcile liabilities to clients’ total assets, new business/product development, fund and share class set-up, client flow transaction processing and forecasting, fund and client launch/transition coordination, bank/vendor liaison and oversight, regulatory reporting and financial statement support, trading - incl NSCC, various reconciliations and audit support.

Required Qualifications:

• Candidates must be enrolled in an accredited bachelor’s program graduating between December 2024 and May 2025
• Minimum 2.8 GPA required
• Proficiency in the MS Office Suite: Word, Excel, PowerPoint, etc.
• Ability to understand and analyze basic accounting principles and financial statements
• Knowledge of investment accounting and of various investment instruments
• Ability to work overtime during peak periods
• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration

Preferred Qualifications:

• Preferred majors include Accounting, Economics, Finance, Business, or related fields of study
• Strong Communication, interpersonal leadership, and organizational skills
• Client focused and result oriented work ethic
• Ability to work independently and work as a member of a team.

Our Application Process:

Submit your application. If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s). If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

For 2025 early talent roles, our process is designed to help you learn more about Prudential/PGIM and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of the team. 

Note: The salary range for this role is $60,000 to $70,000. 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.