Investment Operations Associate | PGIM Private Capital

Posted:
8/25/2024, 5:00:00 PM

Location(s):
Letterkenny, Ireland

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Operations & Logistics

A GLOBAL LEADING ASSET MANAGER 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

Our 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.

PGIM Private Capital is responsible for underwriting, originating, and managing a portfolio of privately placed debt and leveraged loans for middle market issuers.  Annually our London, Paris, Frankfurt, Madrid, and Milan investment teams close more than 2.5 billion (USD Equivalent) in private credit transactions. This activity is the focus of the lending activities supported by the Manager. In addition, globally PPC manages ~$100 billion of assets and the staff on this team will be accountable for certain cash control, and reconciliation efforts across the global portfolio.

What you can expect

  • Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
  • Loan servicing for Direct Lending portfolio
  • Review documentation and closing requirements prior to trade settlement
  • Ensure accurate trade booking
  • Prepare daily/weekly/monthly reports and reconciliations
  • Daily cash matching of open payables/receivables and monitoring of bank account activity
  • 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

  • Ideally you will have experience 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
  • Experience using Wall Street Office a plus
  • Loan closing and servicing experience a plus

*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

  • Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
  • Annual Leave of 23 days at full pay.
  • Pension Scheme: Members of the scheme can contribute up to 6% of salary per annum and PGIM Ireland matches contributions up to 6% of salary. Members can also make voluntary contributions to the scheme.
  • Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
  • Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.
  • Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.

About PGIM Private Capital

PGIM Private Capital is the private capital investment arm of PGIM and one of the largest private debt investors in the world across more than 1,000 companies globally. PGIM Private Capital invests annually in privately placed senior and mezzanine financings with middle-market companies.  Our 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.

Learn more about PGIM Private Capital

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PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.
 
Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.
 
PGIM Ireland has been awarded the IBEC Keep Well Accreditation Mark, this is in recognition of our commitment to making our employees wellbeing a priority.

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