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Prudential Ins Co of America PGIM Fixed Income – Underwriting VP, Private Credit (Hybrid/Newark, NJ) in Newark, New Jersey

Job Classification:
Investment Management - Portfolio Research
What you will do
PGIM Fixed Income is looking for an experienced underwriter to help drive our newly developed private credit investment strategy. The incumbent will be a key founding member of the team responsible for originating large cap private credit (LCPC) investments that are typically sourced through investment banks, private equity sponsors and other intermediaries. Leveraging our existing sponsor relationships will be an important part of the strategy as PGIM Fixed Income is often the largest lender in a capital structure. Our reputational advantage is expected to lead to strong sourcing capabilities.
This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely. Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week. Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).
What you can expect
Responsibility for leading the LCPC underwriting efforts and presenting recommendations to the Senior Credit Leadership and Private Credit Investment Committee.
Actively participate in relationship building with clients, sponsors and intermediaries
Present investment thesis and positioning to all internal and external stakeholders
Participate in the firms marketing and fundraising efforts as needed
What you will bring
10 years of fixed income industry experience
Underwriting expertise in large cap private transactions to help drive high quality transaction flow leading to overall growth of the LCPC strategy
Experience in establishing and maintaining relationships with sponsors, banks and other intermediaries
Significant knowledge of global capital markets along with strong analytical and investment skills
Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences
Ability to work well as part of a team and enjoy a fast paced, high intensity environment
Bachelors degree required, MBA and/or CFA preferred
Ability to travel
What will set you apart?
Track record of underwriting complex private transactions across market cycles
Existing network of sponsor and banking contacts preferred
What we offer you:
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.
To find out more about our Total Reward package, Total Rewards Brochure
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $175,000 to $200,000. 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 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...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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