Job Classification:
Investment Management - Investment Operations
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!
PGIM Private Capital’s (“PPC”) Investment Operations team is looking for a results-driven, analytical, and highly motivated individual for a Manager position in their Newark office.
What you can expect:
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Managing daily production - cash forecasting, cash positioning, third party coordination
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Foreign currency monitoring and bank account reconciliation- liaising with Private Accounting & Pru Global Funding; reviewing FX conversions, bank account overdraft charges/fees
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Daily end of day reconciliation to ensure all deliverables have been met and/or processed, a crucial audit requirement
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Tracking reportable expense payments and ensuring proper documentation is received to comply with IRS requirements
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Serving as a liaison between our business partners and the various banks
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Participating in UAT testing and reporting findings for internal system releases (PPC Systems, GTreasury, Loan Connect)
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Ensuring our monthly performance metrics are captured accurately in the KIR
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Confirming documentation meets audit standards
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Oversee and approve Daily cash reconciliation of third-party bank accounts (PPC as the investment manager) to ensure all principal & interest activity has been posted for shadow recordkeeping purposes.
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Approving withdrawals and deposits for new and existing private placement notes and maintaining a constant awareness and responsible approach due to the time sensitive nature related to these notes - this includes ensuring bond powers are created and executed where required.
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Approval of monthly custody reconciliation reports for third-party custodial accounts (PPC as the investment manager) that are used to reveal any holding breaks between the Bank, PAM, and Custody Log.
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Weekly review of Corporate Action activity and actioning when applicable
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Approval of CUSIP changes and custody related activities (including re-registrations from asset transfers, participations, electronic trades settling via DTC, CDS, Euroclear, Iberclear, Monte Titoli, etc.)
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Documentation / Records Retention – ensure all cash & custodial activity has been documented
What you will bring:
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5+ years of relevant experience in banking or investment operations
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Experience managing direct reports is required
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Experience using Bank Systems, PAM, Excel, Word, Adobe & Cognos preferred
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Strong attention to detail and problem-solving skills
What will set you apart:
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High level of self-motivation
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Excellent communication and analytical skills
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Familiarity with wires (USD/foreign currency/swift messages)
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Ability to multi-task during high volume periods
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Ability to manage multiple priorities, work independently and interact effectively with team members and other internal/external partners
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-$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 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.
#LI-CR1
#LI-Hybrid
What we offer you:
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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.
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 [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
Top Skills
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
