3 PGIM Fixed Income - Associate Manager, Alternative Operations (Hybrid/Newark, NJ) Jobs in Newark, NJ
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PGIM Fixed Income - Associate Manager, Alternative Operations (Hybrid/Newark, NJ)
$122k-175k (estimate)
Full Time
1 Week Ago
PGIM is Hiring a PGIM Fixed Income - Associate Manager, Alternative Operations (Hybrid/Newark, NJ) Near Newark, NJ
Job Classification:
Investment Management - Investment Operations
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re 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, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.
At PGIM, You Can!
What You Will DoThe Associate Manager is responsible for providing support to the Prudential Investment Management Fixed Income CLO business.
What You Can Expect
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 $110,000 to $120,000. 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 Fixed IncomePGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, 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
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Investment Management - Investment Operations
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re 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, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.
At PGIM, You Can!
What You Will DoThe Associate Manager is responsible for providing support to the Prudential Investment Management Fixed Income CLO business.
What You Can Expect
- Monitor CLO platform and provide solutions to support trading desk by determining investment eligibility across funds.
- Lead trade testing initiative through delegation and open communication on various trading scenarios
- Review and analyze legal documents to provide accurate investor reporting and understand all underlying eligibility requirement.
- Support fund launches by managing process from Pricing to Closing date, including approval of Flow of Funds.
- Manage team’s monthly investor reports deliverables to ensure test, trading activity, and other deal trend accuracy.
- Oversight and ownership of all data attributes within the compliance application to provide optimal support to CLO Analysts and Portfolio Managers.
- Primary point of contact for activities performed by the CLO Business Management Team, specifically for monthly trustee reports.
- Reconcile holdings and 50 data attributes between internal compliance application against the Trustee(s) data for his/her respective deal on a monthly basis.
- Calculate and verify quarterly distribution payments made to Dryden CLO investors.
- Reconcile and investigate cash discrepancies with trustees and internal/external operational teams.
- Test and validate new compliance model as per the CLO Indenture; provide feedback to vendor, if needed.
- Establish proper controls and create efficiencies to mitigate risk and improve processes.
- Manage internal relationships (Operations, Analysts, Portfolio Managers, Technology) and external members (Trustees and Investors) to ensure proper service levels are achieved.
- Manage, lead, and develop direct reports through core processes and career management.
- Develop an understanding of the Fixed Income trading business and use that knowledge to increase service levels.
- Degree in Economics, Finance, or Business preferred.
- 4 to 5 years of Collateralized Loan Obligations (CLOs) and/or Bank Loans experience.
- Familiar with key tests within the Indenture – OC/IC, WAS, WARF, WAC, C-Basket, Discount Obligations, and other haircuts
- Experience with any CLO Compliance system preferred.
- Experience with S&P’s Wall Street Office and/or BlackRock’s Aladdin.
- Outstanding academic achievement, extracurricular involvement, work experience and demonstrated leadership skills.
- Solid understanding of Fixed Income products, investment strategies, and derivatives preferred
- Excellent analytical and problem-solving skills.
- Self- starter, self-motivated, and ability to work within a team environment.
- Willingness and desire to learn and teach others.
- Proficient knowledge of Excel; VBA a plus
- Excellent written and verbal communication skills.
- Ability to work in a fast-paced, high-intensity environment.
- Able to multi-task and manage multiple projects/requests in a timely manner.
- Dependent upon the business, flexible work schedules are necessary to provide coverage to our business partners from 7:00 a.m. to 8:00 p.m. Prudential Investment Management follows the NYSE holiday schedule. This position also requires over-time during peak periods (Quarter/Month end).
- PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
- Medical, dental, vision, life insurance and PTO (Paid Time Off)
- Retirement plans:
- 401(k) plan with generous company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 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 health, and career development.
- Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
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 $110,000 to $120,000. 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 Fixed IncomePGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, 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
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Job Summary
JOB TYPE
Full Time
SALARY
$122k-175k (estimate)
POST DATE
06/19/2024
EXPIRATION DATE
07/14/2024
HEADQUARTERS
EDINBURGH
SIZE
25 - 50
FOUNDED
1999
CEO
MATHEW ROYAL CROWTHER
REVENUE
<$5M
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