Job Classification:

Associate Manager FI Operations

PGIM Fixed Income Special Situations Newark NJ

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 individual in this role will provide operational support for our Special Situations Mortgaged Backed Securities (MBS) and Asset Based Finance business. Products supported by this team include Direct Lending Opportunistic Credit Distressed Debt/Restructures Residential Mortgage Home Loans and MBS. This role will primarily focus on assisting the Deal Teams with multiple operational facets of the deal set-up settlement and secondary trading process. There will be a high level of interaction with Portfolio Management Legal and other internal parties as well as counterparties custodians and agent banks.

What you can expect

Actively facilitate the deal execution process for privately held assets including trade capture wire processing settlement and other steps required in coordination with multiple groups including deal team internal counsel fund management data integrity external parties etc.

Investment/trade capture of primary and secondary trading activity in Order Management System

Primary and Secondary loan bond and equity trade settlements

Wire management to ensure deals fund and wires are processed in a timely manner

Service loans (rolling contracts) and complete private asset transfers

Track investor cash

Work with internal teams to help research and resolve cash and position reconciliation breaks

Working with Custodian Banks and Servicers to rectify breaks

Compile regular and ad-hoc reporting for various areas within the firm

Assist in strategic initiatives related to technology and process enhancements

What you will bring

Bachelors degree in Finance Accounting Business or related discipline

4-7 years of experience in Financial Services

Experience with Residential Mortgage Loans Private Credit Restructures/Special Situations Bond or Bank Loan Operations

Experience interpreting Credit Agreements and Purchase Agreements

Intermediate or Advanced skills with Microsoft Office Suite

Ability to work alone and in a team environment adaptability is key

Strong independent problem solving and critical thinking abilities

Strong work ethic honesty and integrity as well as strong interpersonal and communication skills

Ability to manage and prioritize multiple tasks in a deadline driven environment

Strong knowledge of global trade lifecycle and industry technology (DTCC CTM Swift Bloomberg)

What will set you apart

Detail oriented self-starter

Experience working with Transfer Agents a plus

Experience settling Delayed Draw Term Loans (DDTL) and Revolvers and instructing/settling DWAC DRS FOP and physical bonds or equities a plus

Experience with Aladdin/Aladdin Loan Manager and WSO (or other loan servicing platforms) a plus

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

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 $115000 to $130000. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.

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.