drjobs PGIM Fixed Income Manager Fixed Income Operations HybridNewark NJ

PGIM Fixed Income Manager Fixed Income Operations HybridNewark NJ

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Job Location drjobs

Newark - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Job Classification:

Investment Management Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact touching the lives of millions and solving financial challenges in an everchanging 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 youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!

If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.

At PGIM You Can!

What you will do

As a key member of our Operations team you will support our Private Credit Special Situations and AssetBased Finance business including Direct Lending Opportunistic Credit and Distressed Debt/Restructures. Your primary focus will be on assisting the Deal Teams with various aspects of deal settlement and secondary trading processes. This role involves significant interaction with Portfolio Management Legal and other internal parties to ensure seamless operations.

What you can expect

  • Deal : Facilitate the process for privately held assets including trade capture wire processing KYC settlement and coordination with deal teams internal counsel data integrity external parties and more. Candidates should be capable of quarterbacking a new deal from inception to closing with minimal oversight.

  • Trade Capture: Record primary and secondary trading activities in the Order Management System.

  • Reconciliation: Collaborate with internal teams to research and resolve cash and position reconciliation breaks in a timely manner.

  • Wire Management: Independently ensure that deals are funded and wires are processed promptly with little guidance from management.

  • Reporting: Independently compile regular and adhoc reports for various areas within the firm.

  • Strategic Initiatives: Assist in strategic initiatives related to technology and process enhancements.

  • Trade Settlements: Independently manage settlements and transfers for primary and secondary bond privately held equity and private loan trades.

  • Loan Servicing: Review and distribute agent notices internally and respond to audit requests.

What you will bring

  • Educational Background: Bachelors Degree in Finance Accounting Business or a related discipline.

  • Professional Experience: 510 years of experience in Financial Services particularly in Private Credit Restructures/Special Situations Bond or Bank Loan Operations.

  • Technical Expertise: Proficiency in interpreting Credit Agreements and Purchase Agreements and intermediate to advanced skills with Microsoft Office Suite.

  • Attention to Detail: A detailoriented selfstarter with the ability to work independently and as part of a team.

  • Problem Solving: Strong problemsolving and critical thinking abilities.

  • Work Ethic: A strong work ethic honesty integrity and excellent interpersonal and communication skills.

  • Time Management: The ability to manage and prioritize multiple tasks in a deadlinedriven environment.

  • Industry Knowledge: Understanding of the global trade lifecycle and industry technology (DTCC CTM Swift Bloomberg).

  • Additional Skills: Experience working with Transfer Agents settling Delayed Draw Term Loans (DDTL) and Revolvers and instructing/settling DWAC DRS FOP and physical bonds or equities is a plus.

  • Software Proficiency: Experience with Aladdin and WSO (or other loan servicing platforms) is advantageous.

*PGIM welcomes all applicants even if you dont meet every requirement. If your skills align with the role we encourage you to apply.

What we offer you

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 $135000 to $145000. 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 Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $837Bn assets under management the company has offices in Newark London Letterkenny Amsterdam Munich Zurich Tokyo Hong Kong and Singapore. Our business climate is a safe inclusive environment centered around mutual respect intellectual honesty transparency and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

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.

  • Companyfunded pension plan.

  • Wellness Programs including up to $1600 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) after one year of service.

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 parttime employees scheduled to work less than 20 hours per week.


Required Experience:

Manager

Employment Type

Full-Time

About Company

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