drjobs PGIM Private Capital, Associate Manager, Investment Operations (Hybrid)

PGIM Private Capital, Associate Manager, Investment Operations (Hybrid)

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1 Vacancy
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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 100000 - 110000

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!

PGIM Private Capitals Investment Operations team is looking for a resultsdriven analytical and highly motivated individual for an Associate Manager position in their Newark office. The primary responsibility of the incumbent will be to oversee and optimize the operations of trade activities for PGIM Private Capital. This individual will act as the control point for managing all aspects of trade data capturing cash management coordination with external teams trade reconciliations and auditing processes. Additionally this individual will contribute to the cash and custody functions of the unit as a control point. Serving as the final sign off on these packages the Associate Manager is responsible for performing due diligence and ensuring the proper documentation is received.

What you can expect:

  • Oversee daily production following the trade lifecycle including trade capturing allocations settlements and reconciliations into the appropriate systems and platforms.
  • Work closely with investment teams portfolio managers and backoffice operations to ensure smooth execution and settlement of trades.
  • Act as liaison for adhoc and operational support within PPC and external third parties.
  • Monitor all trade activity ensuring investments are accurately recorded.
  • Manage and mentor a team of trade operations professionals providing guidance on best practices and ensuring a high standard of performance.
  • Analyze and approve hedge models alongside deal teams and Pru Global Funding to mitigate foreign currency risk for nonUSD assets.
  • Review daily and weekly reconciliations to ensure all deliverables are performed with integrity and adhere to internal policies a crucial valuation and audit requirement.
  • Support daily cash reconciliation of thirdparty bank accounts PGIM Private Capital as the investment manager to ensure all principal & interest activity has been posted and applied for shadow recordkeeping purposes.
  • Assist in portfolio management activities including asset allocation and the execution of asset moves between accounts or portfolios.
  • Operate in a controlled manner meeting all Audit and Risk Management expectations.
  • Coordinate and collaborate with auditors to execute annual 10K 10Q and SOX audits.
  • Participate in UAT testing for systems used within PPC and uncover any findings that promote operational efficiency.
  • Ensure all transactional activity are documented within specific timeframe and follow record retention policy.
  • Review Settlements wires within required timeframes following appropriate protocol.

What you will bring:

  • 5 years of relevant experience
  • Experience managing staff and / or a team
  • Experience using WSO PAM Excel Word Adobe & Cognos preferred
  • Strong attention to detail
  • Strong problemsolving skills
  • High level of selfmotivation
  • Excellent communication and analytical skills
  • Familiarity with bank loans
  • Ability to multitask during high volume periods
  • Ability to manage multiple priorities work independently and interact effectively with team members and other internal/external partners

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 $100000$110000 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 Private Capital

At PGIM Private Capital (PPC) 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 largescope smallteam 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

#LIHybrid

#LICR1

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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