Job Classification:

Investment Management - Investment Operations

What you will do:

The 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 be able to review closing documentation for accuracy as well as maintain organization across data entry systems to effectively capture trade details.

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:

• 2+ years in the banking and financial services industry
• Bachelor undergraduate degree (all subjects areas considered)
• 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
• Banking experience

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, please see our 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 $70,000-$80,000. 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 Private Capital

At PGIM Private Capital (PPC), 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.

Our Commitment to Diversity, Equity, and Inclusion

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.