What are the responsibilities and job description for the PGIM Investments - Process Specialist, Separately Managed Accounts position at PGIM Investments?
Job Classification
Investment Management - Investment Operations
PGIM Custom Harvest is a leader in the development of tax-beneficial investment strategies using exchange-traded-funds (ETFs) for clients seeking improved after-tax outcomes. Our separately managed accounts (SMAs) seek to provide exposure aligned with a client-selected benchmark while generating tax alpha. These portfolios can be customized to meet individual client needs.
The role will be based in Newark, NJ as a Hybrid position.
What You Can Expect
New Accounts and Account Maintenance:
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 $85,000 to $115,000. 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 Investments
At PGIM Investments, we provide access to active investment strategies across the global markets in the pursuit of consistent outperformance for investors. We’re part of PGIM, the global investment management business of Prudential Financial, Inc.—the world’s 14th-largest investment manager with more than $1.4 trillion in assets under management (AUM)1 and a company that individuals and businesses have trusted for over 145 years. Our scale and investment experience allow us to deliver a diversified suite of actively managed solutions across a broad spectrum of asset classes and investment styles.
A Global Firm with a Diverse & Inclusive Culture
As 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 We Offer You
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
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
PGIM Custom Harvest is a leader in the development of tax-beneficial investment strategies using exchange-traded-funds (ETFs) for clients seeking improved after-tax outcomes. Our separately managed accounts (SMAs) seek to provide exposure aligned with a client-selected benchmark while generating tax alpha. These portfolios can be customized to meet individual client needs.
The role will be based in Newark, NJ as a Hybrid position.
What You Can Expect
New Accounts and Account Maintenance:
- Manage New Account onboarding with Archer IMS our Service Provider
- Daily review of all new accounts and existing accounts
- Review and resolve missing account information
- Retrieve Tax Lot information on Pending accounts
- Work with our Internal Client Service Team with communications
- Hourly review of account terminations, restrictions and freezes
- Manage our Pending New Account Report Process
- Respond to Archer email inquiries about account statuses throughout the day
- Maintain missing data information in Archer
- Update daily operational metrics and send to the internal group
- Ad hoc requests for Account reporting inquiries
- Manage the Daily Pending New Account Report and internal communications
- Proactive developing processes as the business evolves
- Act as the operational liaison for account level research working with the Business Management, Client Service and Trade Teams
- Research account and or data issues, identify the problem and recommend solutions
- Prepare Ad Hoc Reports as internal requests come in
- Special Projects – Data analysis
- Support the Performance department with requests
- Support Composite Reporting Requests
- AUM reporting
- Work with trade support manager on End of Day Trade Blotters
- Perform Daily Reconciliation oversite of Archer
- Support Traders on Ad Hoc Requests
- Comprehend and support Trade Correction processes
- Back up Trade support team
- Advanced Excel skills are needed for advanced analytic requests
- Build and maintain collaborative relationships with internal and external parties.
- 5 years of related experience in SMA Operations functions of the investment management industry preferred.
- Excellent Excel systems skills
- Knowledge of Archer IMS (Portfolio Accounting System) a plus
- The ability to handle people and situations with maturity and professionalism.
- Takes initiative and exhibits leadership qualities when dealing with problems and projects.
- Knowledge of securities markets/transactions
- Excellent communication skills both verbal and written.
- BA/BS degree, preferably in Finance/Business required
- Series 7 requested but not required
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 $85,000 to $115,000. 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 Investments
At PGIM Investments, we provide access to active investment strategies across the global markets in the pursuit of consistent outperformance for investors. We’re part of PGIM, the global investment management business of Prudential Financial, Inc.—the world’s 14th-largest investment manager with more than $1.4 trillion in assets under management (AUM)1 and a company that individuals and businesses have trusted for over 145 years. Our scale and investment experience allow us to deliver a diversified suite of actively managed solutions across a broad spectrum of asset classes and investment styles.
A Global Firm with a Diverse & Inclusive Culture
As 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 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 $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 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Salary : $85,000 - $115,000
