Job Classification:

Overview:

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.

Primary Responsibilities:

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

Requirements:

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

Detail oriented self-starter

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)

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

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The annual base 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. This role is also eligible for additional compensation and/or benefits including a competitive discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are 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 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.

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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.