Accounting & Performance Investment Operations Associate (Hybrid / Newark, NJ)

Job Classification:

Investment Management - Investments

About PGIM Fixed Income:

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 960 employees and $790bn 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.

Our Role:

The Accounting and Performance team within PGIM Fixed Income works in a fast-paced, collaborative environment.  Our ideal candidate should have knowledge of various Fixed Income products and understand portfolio accounting and performance concepts. The candidate should also be a self-starter who can take a vision and create solutions using adept problem-solving abilities. 

The primary responsibilities include performing Net Asset Value (NAV) reconciliations, validation and reporting of book value, book yield and gain/loss data, analyzing monthly portfolio returns, and helping the team with data requests and reports.

This role is a hybrid work model requiring working in our Newark, NJ office 2-3 days a week.

Your Impact:

• Work within the team to produce and verify portfolio returns and NAVs across different investment vehicles

• Resolve processing-related quality control exceptions for accurate accounting and performance results

• Review reconciliations to custodian banks and accounting agents to prevent and resolve NAV/performance discrepancies before closing and publishing accounting records

• Analyze fixed income security book value, book yield, amortization, accretion, book price and related data for accuracy

• Analyze current processes and identify areas needed for improvement

• Leverage technology and identify opportunities to deliver on process efficiencies

• Keep abreast of industry initiatives and market trends that impact the business to continue to improve efficiencies. 

Skills and Qualifications:

• Business, Engineering, Math majors, or majors with skills that align to the position, and a minimum GPA of 3.0

• Familiarity with Fixed Income instruments through completing relevant coursework, internships, or other experience

• Excellent written, verbal communication, and interpersonal skills, including the ability to effectively give/receive feedback and share ideas 

• A numbers-oriented individual with keen attention to detail and analytical aptitude

• Being able to see patterns trends in a data set and draw meaningful conclusions from it is a plus

• Comfort with using new technology and programs

• Knowledge of SQL and ability to work with databases and large datasets a plus

• An entrepreneurial spirit with a willingness to learn and develop new skills

• Determination and ability to thrive in a fast-paced environment while working on multiple tasks both independently and on a team

Our Culture:

PGIM is proud of its distinctive and inclusive culture, with a sound reputation for the pedigree and professionalism of its employees. PGIM has a feeling of quality and stability, but at the same time it is forward-thinking and evolutionary in its approach. Employees have a unique opportunity to build their career path by owning their development, their career and their future. As a result, staff turnover is particularly low, and leadership is dedicated to growing talent at all levels within the organization.

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 $60,000 to $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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

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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 [email protected] 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 [email protected].

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 [email protected] to request assistance.