drjobs PGIM Fixed Income: Principal, Residential Mortgage Whole Loans

PGIM Fixed Income: Principal, Residential Mortgage Whole Loans

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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 - Investments

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 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 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

PGIM Fixed Income is seeking a highly experienced and strategicPrincipalto support the buildout and execution of ourResidential Mortgage Whole Loan (RML)investment platform. This individual will play a key role in developing infrastructure managing transactions and ensuring operational excellence across the residential mortgage loan lifecycle.

What you can expect

  • Spearhead the buildout of PGIM FIs residential whole loan investing capabilities. Architect a robust and repeatable investment process by working with key stakeholders across Prudential.

  • Infrastructure: Setup legal structure to hold loans. Onboard and integrate new service providers: custodians servicers data providers and accounting systems among others.

  • Transaction Management: Provide transactional support for RML investments including MLPA negotiations TPR and DD oversight.

  • Reporting and Data: Ensure proper data delivery (including analytics) to downstream stakeholders.

  • Collaborate with the private asset-based finance team to provide transactional support (while new resources arrive) and assist with residential mortgage transactions.

What you will bring

  • Bachelors degree in finance business administration or a related field. MBA or advanced degree preferred.

  • Minimum of 10 years of experience in asset-based finance with a strong track record of leadership and operational management. Experience in residential whole loan buildout and private ABF opportunities is highly desirable.

  • Strong strategic thinking and problem-solving skills. Excellent leadership and team management abilities. Proven ability to drive business growth and operational efficiency. Strong understanding of risk management and regulatory compliance.

  • Excellent communication and interpersonal skills. Ability to build and maintain relationships with key stakeholders at all levels.

Why Join PGIM:

  • Innovative Environment: Be part of a forward-thinking organization that values innovation and continuous improvement.

  • Career Growth: Opportunity to lead and shape the future of PGIMs ABF business.

  • Collaborative Culture: Work with a team of talented professionals in a collaborative and supportive environment.

  • Competitive Compensation: Attractive compensation package including performance-based incentives and comprehensive benefits.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 1000 employees and $862Bn assets under management as of March 2025 the company has offices in Newark London Letterkenny Amsterdam Munich Paris Sydney 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%).

  • Company-funded 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 part-time employees scheduled to work less than 20 hours per week.

Employment Type

Full-Time

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