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Prudential Ins Co of America PGIM Private Capital - Senior Investment Operations Associate in Newark, New Jersey

Job Classification:
Investment Management - Investment Operations
What you will do:
The PGIM Private Capital (PPC) Trade Operations team is looking for a Senior Investment Operations Associate. This position involves loan servicing for PPCs Direct Lending business and interacting extensively with internal and external business partners to assist in facilitating deal closings. With a strong attention to detail, the successful candidate will need to be able to review closing documentation for accuracy as well as maintain organization across data entry systems to effectively capture trade details.
What you can expect:
Loan servicing for PPCs Direct Lending portfolio
Review documentation and closing requirements prior to trade settlement
Ensure accurate trade booking
Liaise with PGIM Fixed Income and Trustees on servicing and growing the PPC CLO business
Prepare daily/weekly/monthly reports and reconciliations
Daily cash matching of open payables/receivables and monitoring of bank account activity
Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
Review and process wires generated related to Alternatives cash movements
Review wire instructions and complete call-backs with banks and agents
Liaison between Deal Teams/Legal and Operations
Review legal docs for loan terms and document in standardized format
Maintain documentation to comply with enterprise and departmental standards, facilitating audits and examinations by internal and external regulatory bodies
Prepare forward hedging models with PGF to mitigate foreign currency risk for non-USD assets
Continuously seek to find process improvements to increase overall operational productivity and efficiency
What you will bring:
2 years in the banking and financial services industry
Bachelor undergraduate degree (all subjects areas considered)
Strong attention to detail
Independent problem-solving skills
High level of self-motivation
Excellent communication and analytical skills
Ability to multi-task during high volume periods
Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
What will set you apart
Experience using Wall Street Office
Loan closing and servicing experience
Banking experience
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
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, please see our 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 salary range for this role is from $70,000-$80,000. 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 Private Capital
At PGIM Private Capital (PPC), expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
Our Commitment to Diversity, Equity, and Inclusion
Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We dont just accept differencewe celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.
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...

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

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