Associate – Investment Operations - Asset-Based Finance, PGIM Alternative Investments

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

In this role, you'll play a key part in supporting PGIM's Alternative Investment Operations platform, providing operational oversight across Asset Based Finance (ABF) and Residential Mortgage Whole Loan strategies. You'll help manage critical activities throughout the investment lifecycle , including deal onboarding, trade settlement, funding, asset servicing, and secondary market trading activities. The role requires extensive collaboration with Portfolio Management, Deal Teams, Legal, Fund Management, counterparties, custodians, trustees, and agent banks to ensure the accurate and timely execution of transactions and ongoing portfolio support.

This position is based in our office in Newark, NJ and will follow a hybrid schedule. Our organization follows a hybrid work structure ( 3 days in office) 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

• Actively facilitate the deal execution process in coordination with deal team, counsel, fund management, and other internal and external stakeholders.

• Capture and maintain primary and secondary market trading activity within the Order Management System (OMS), ensuring accurate and timely IBOR positions and records.

• Manage end-to-end wire payment processes, ensuring efficient deal funding, settlement, and adherence to operational controls.

• Coordinate and execute private asset transfers.

• Manage daily production including cash forecasting and positioning.

• Work with internal and external stakeholders to research and resolve cash and position breaks.

• Prepare and distribute recurring and ad hoc reports to support business, operational, and management decision-making.

• Identify and implement process improvement and automation opportunities to increase operational efficiency, strengthen controls, and support business growth.

What you will bring

• Bachelors Degree in Finance, Accounting, Business, or related discipline preferred - All majors considered.

• 5-7 years of experience in Financial Services

• Experience supporting Asset Based Finance, Residential Mortgage Loans, Private Credit, or Restructures

• Intermediate or Advanced skills with Microsoft Office Suite

• Ability to work both independently and in a team environment

• Strong ability to independently research issues, evaluate information, and develop effective solutions while exercising sound judgment and appropriately escalating complex matters.

• Strong work ethic, honesty and integrity, as well as strong interpersonal and communication skills

• Ability to manage and prioritize multiple tasks in a deadline driven environment

What will set you apart?

• Experience interpreting Credit Agreements and Purchase Agreements a plus

• Experience working with Transfer Agents a plus

• Experience settling Delayed Draw Term Loans (DDTL) and Revolvers and instructing/settling DWAC, DRS, FOP, and physical bonds or equities a plus

• Experience with Aladdin/Aladdin Loan Manager or other loan servicing platforms 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.

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 $110,000 to $140,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level. 
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 
• 401(k) plan with company match (up to 4%). 
• Company-funded pension plan. 
• Wellness Programs 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 and mental health, and career development.  
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.  

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 

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. 

If you need an accommodation to complete the application process, please email [email protected]. 

If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.