drjobs PGIM Private Capital: Investment Operations Specialist (Hybrid/Newark, NJ)

PGIM Private Capital: Investment Operations Specialist (Hybrid/Newark, NJ)

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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 85000 - 95000

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

Our PGIM Private Capital (PPC) Investment Operations team is looking for a highly motivated individual to support PPCs Private Credit investment business. This includes support for our Direct Lending Loans. This Specialist will support our U.S. and foreign deal teams as they originate close and fund new Direct Lending transactions and will play a key liaison role with investment teams attorneys banks and agents.

You will navigate the closing and post-closing process for certain transactions and escalate issues with investment teams banks legal counsels and operations teams. Leading and being a mentor and resource to more junior team members is part of the role. The ability to navigate complex settlement activities with the banking community and borrowers is important.

What you can expect

  • Provide Direct Lending assignment support to U.S. and foreign based Investment teams attorneys and other business partners

  • Relationship Manager to agents as well as outside and local counsels involved in the transfers of Direct Lending loans

  • Preparing and reviewing documents such as assignment agreements and transfer certificates associated with Private Credit transactions

  • Develop and maintain templates and forms

  • Liaise with internal and external auditors and ensure documentation in in place to comply with enterprise and departmental standards

  • Coordinate KYC with the PPC paralegals

What you will bring

  • Degree in law paralegal studies business management OR similar field required

  • Experience in the financial industry particularly in loan operations real estate loan closing or loan servicing.

  • Familiarity with preparing forms in legal documents including but not limited to assignment documents is preferred but not required

  • A minimum of 3-5 years of relevant work experience preferred

  • Ability to problem solve and work autonomously

  • Experience with Know Your Client (KYC) requests to serve as a resource and contact

  • Manage tight deadlines in fast-paced environment

  • Excellent verbal and written communication skills

  • Assist in document management. Must be organized and efficient

  • Maintain accuracy on all project and pipeline tracking reports

  • Gather and verify cost information legal and vendor invoices

  • Knowledge of the following skills: Microsoft Office Suite (Outlook OneNote Excel Word) and Adobe Acrobat. Ability to utilize Microsoft Word skills: compare documents (redline) electronic signatures; and document formatting

  • Additional knowledge in the following areas is highly desirable but not required: Intralinks and Clearpar

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 $85000 to $95000. 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.

Our Business:

At PGIM Private Capital 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 large-scope small-team 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.


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.


Required Experience:

Unclear Seniority

Employment Type

Full-Time

About Company

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