PGIM Analyst, Investment Operations (Hybrid/Newark, NJ/Tampa, FL)

Posted:
7/25/2024, 5:00:00 PM

Location(s):
Newark, New Jersey, United States ⋅ New Jersey, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Operations & Logistics

Workplace Type:
Hybrid

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

We are looking for an Investment Operations Analyst to join our PGIM Operations, Alternative Assets team which is part of PGIM Operations and Innovation’s group (O&I).

Our team is responsible for providing recordkeeping, accounting, and reporting for the investment portfolios supporting the Insurance Companies. Additionally, we support all investment data for the Chief Investment Officer and the Chief Risk officer for Prudential.

 

As an Investment Operations Analyst, you will be responsible for validating of portfolio and transaction level activity including trades, income payments, corporate actions, and deal restructurings in sub-ledger systems; Preparing and verifying general ledger entries; Completing reconciliations to custody banks, trade systems and financial statements; In addition to providing various reports to business partners.

 

This position is based in our office in Newark, NJ or Tampa, FL. Our organization follows a hybrid work structure where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.

What you can expect

  • Review financial statements of Limited Partnerships/Joint Ventures
  • Processing journal entries for cash transactions and equity pick up/losses
  • Following STAT and GAAP accounting rules for processing Other Invested Assets
  • Preparation of manual vouchers and wire transfer
  • Ensure cash is being properly reflected in Ledger and is in accordance with bank cash activity.
  • Monitor data integrity. 

What you will bring

  • Degree in Accounting or related field
  • Successful organization skills
  • Strong analytical, critical thinking skills and solutions oriented.
  • Working knowledge of MS Office including Excel and Word
  • Ability to understand and analyze basic accounting principles and financial documents.
  • Ability to organize and prioritize tasks in a deadline and fast paced environment.
  • Overtime required during peak periods.

What will set you apart?

  • Prior background / internship experience in investment management or financial services Industry is strongly preferred

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role. 

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, visit Total Rewards Brochure

About PGIM Operations and Innovation Group (O&I)

PGIM Operations and Innovation drives digital transformation, modern data analytics, and operational excellence across PGIM in partnership with our business and corporate functions. We are aligned into seven verticals to drive innovative solutions and deliver operational services that contribute to PGIM being a world-class investment manager. Our workstreams operate in a collaborative, agile manner and foster a strong community focused on most relevant emerging technologies and best-in-class solutions.

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 [email protected] 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
[email protected].

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 [email protected] to request assistance.

Prudential Financial

Website: http://www.prudential.com/

Headquarter Location: Newark, New Jersey, United States

Employee Count: 10001+

Year Founded: 1875

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Asset Management ⋅ Finance ⋅ Financial Exchanges ⋅ Financial Services ⋅ Insurance ⋅ Health Care ⋅ Retirement