Job Classification:

Investment Management - Investment Operations

Our Vision

At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate. 

What you will do

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

PGIM Plan Accounting is an integral component in the support of PGIM, Retirement and the Group Insurance businesses and their clients’ investments in separate accounts and trust vehicles. As an Investment Analyst, you will be provided an opportunity for cultivation of your leadership skills, and you will be able to gain broad business knowledge by way of consistent exposure to a wide network of business partners.  These include corporate and business functions such as Finance, Operations and Systems, Risk Management, Compliance, Audit, Product Development, Client Relationship Management and Actuarial Services as well as external banks and financial companies.

This position is based in one of our offices in Tampa, FL or Newark, NJ and will follow a hybrid schedule (2 days in office). 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

Depending on your experience and interest, your role could include responsibilities in the following areas:

• Client Reporting: Production of client level commingled asset and investment reports; Client service support; 5500 and Schedule C regulatory reporting; Client performance; Audit support
• Financial Accounting and Analysis: Calculation of investment management and other fees; Invoicing and collection of fees; Accounting entries and revenue collection; AUM reporting; Audit support; Transaction processing including client contributions, withdrawals, and bank account monitoring; Accounting entries; Cash & ledger reconciliations; Client set up.
• Fund and Investor Services: Support of new fund development and set up; Oversee fund and client launch projects; Bank and vendor oversight; Regulatory reporting; Retirement Pooled Financial Statements; Audit Support; Asset Manager relationship management and cashflow forecasting; Client order processing including exchanges and withdrawals; NSCC trading.
• Fund Valuation and Performance: Calculation of fund level pricing/unit values; Fund level performance reporting; Support of new fund development and set up; Transfer agency including asset to liability reconciliations and investor share ownership; Retirement Pooled Financial Statements; Single Client reporting; Audit support.

Additional responsibilities may include:

• Supporting, monitoring, and calculating unit values for the investments we support
• Transfer agency services including asset to liability reconciliations and investor share ownership.
• Production of client level commingled asset and investment reports, 5500/Schedule C and regulatory reporting
• Calculation, invoicing, and collection of fees related to Investment management services and administration.
• Transaction processing including client contributions, withdrawals, and bank account monitoring.
• ORACLE accounting entries and ledger revenue reconciliations
• Asset Manager relationship management and cashflow forecasting.
• Client order processing including exchanges and withdrawals; NSCC trading.
• Support of new fund development, set ups and closings.
• Bank Oversight and Related Reconciliation/Reporting Functions
• Portfolio and Client level transition events (ie. securities in-kind transfers, manager replacements, etc)
• External and Internal audit review and support; Client service support
• Participate in various analysis and special projects.

What you will bring

• Bachelor’s degree in accounting, Finance, Economics, or related field.
• Strong organization skills
• Strong analytical, critical thinking skills and solutions oriented.
• Ability to understand and analyze basic accounting principles and financial statements.
• Ability to organize and prioritize tasks in a deadline and fast paced environment.
• Overtime required during peak periods.

What will set you apart?

• Advanced proficiency with Microsoft Excel and Word
• Strong attention to detail with the ability to summarize and communicate complex issues effectively, both orally and in writing
• 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 reward package 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 $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.

About PGIM Operations and Innovation Group (PGIM 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.