drjobs PGIM Quantitative Solutions, Investment Operations Associate

PGIM Quantitative Solutions, Investment Operations Associate

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1 Vacancy
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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 65000 - 75000

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 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:

The associate will have daily contact with various operations groups within PGIM Quantitative Solutions (PQS) as well as the portfolio management team client services and numerous other internal and external stakeholders. The associate will be responsible for working through exception reporting processing corporate events short-term daily deliverables and email requests. The PQS corporate actions and pricing team utilizes multiple vendor solutions and applications to complete daily tasks. Each set of tasks is completed by one of several associates. This role is within a group that is team oriented and the applicant will be expected to be able to work well within that dynamic.

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What you can expect:

PRICING:

  • Ensure data integrity by reviewing and analyzing daily prices for all active securities.
  • Update pricing records in accounting system as needed.
  • Submit all pricing support for management review.
  • Monitor and track status of fair valued securities.

CLASS ACTIONS:

  • Track incoming class actions and monitor status on the vendor platform .
  • Verify that the eligible class action claims are filed on time by the vendor.
  • Monthly Task: Complete monthly reconciliation against the vendor records to ensure all known class actions have been filed on time.
  • Quarterly Task: Two filed cases in the past quarter are verified to ensure all eligible transactions are included. Reach out to the vendor to provide the filing information.
  • Respond to inquiries on how to post class action proceed.
  • Monitor class action administration communication for any queries related to past filed class actions.

CORPORATE ACTIONS

  • Review corporate action reports for required processing.
  • Monitor corporate action responses and notices on internal applications.
  • Process ad hoc event updates.
  • Communicate corporate events to portfolio management and other interested parties.

PROXIES:

  • Coordinate responses for all case-by-case proxy ballots.
  • Review analyze and act on the daily exception reports from the proxy vendor.

What you will bring:

  • BA/BS degree preferably in Finance/Economics/Business or related discipline.
  • Proficient in Microsoft Excel particularly on macros and pivot tables is a plus.
  • Ability to learn new systems quickly.
  • Highly organized and detail oriented.
  • Strong interpersonal written and oral communication skills; able to effectively communicate with others at various levels including senior executives; exhibit professionalism and leadership qualities when dealing with problems and projects.
  • Must be able to work early or late schedule; flexible to work additional hours during peak periods.

What will set you apart

  • One or more years of prior experience with basic understanding of the Investment Management business.
  • Knowledge of how to use a Bloomberg terminal for securities pricing information.
  • Familiarity with Equity and Fixed Income pricing.
  • Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work.
  • Excellent time management skills; work efficiently under the pressure of deadlines.

PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home as well as the networking and career development of in-person work with colleagues through weekly anchor day(s). This position will work a hybrid schedule in our Newark NJ office.

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 $65000 to $75000. 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 Quantitative Solutions Group Our Business:

PGIM Quantitative Solutions is the quantitative multi-asset and liquid alternatives specialist of PGIM. For more than 45 years PGIM Quant Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. PGIM Quant Solutions manages portfolios across equities multi-asset and liquid alternatives and offers defined contribution solutions. For more information please visit

PGIM Quantitative Solutions

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What we offer you:

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.


Required Experience:

IC

Employment Type

Full-Time

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