PGIM Private Capital - Manager, Loan Operations

Job Classification:

Investment Management - Investment Operations

Our Role: PGIM Private Capital (PPC) Loan Operations team is looking for a highly motivated individual to support PPC’s Direct Lending product. This Manager position will act as the relationship manager for external clients and support new product launches for PPC’s Direct Lending business.

The Direct Lending strategy within PGIM Private Capital responsible for originating, underwriting, and managing a portfolio of privately placed leveraged loans for middle market issuers ($10-100 million of EBITDA).  Due to the strong performance of that track record coupled with growing transaction flow, PPC has recently closed on its first third-party fund, PGIM Senior Loan Opportunities I (PSLO I) with $2.4bn in commitments. 

Responsibilities:

• Relationship Manager for all Fund Administrators and Third-Party lenders
• Provide day to day support to Fund Operations, deal teams and other business partners
• Integrate current SOP with new product launches including new banks, systems and reporting requirements
• Assist in ongoing management of multiple middle market Direct Lending products (CLO, BDC)
• Assist with the execution of transactions by tracking upcoming deal closings and managing the funding & hedging process
• Review and approve funding and cash movements, trade settlement and notifications while ensuring Third Party cash is released
• Review and execute forward hedging models with Prudential Global Funding to mitigate foreign currency risk
• Approve and review accurate trade booking, new loan setup and reconciliation of cash discrepancies
• Provide technical support to staff in researching discrepancies and determining solutions
• Manage controls, research and resolve tactical issues
• Liaise with internal and external auditors and ensure documentation to comply with enterprise and departmental standards

Your Required Skills:

• 6+ years in the banking and financial services industry
• Bachelor undergraduate degree (all subjects areas considered)
• Previous exposure with Direct Lending and private credit funds is a plus
• Previous exposure with Wall Street Office or Allvue (fka as Black Mountain) is a plus
• Strong attention to details
• Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
• Excellent communication and analytical skills
• Ability to manage multiple assignments and changing priorities
• Critical thinking and problem-solving experience required
• Ability to convey sense of urgency and to work productively with both internal and external business partners

The PGIM Private Capital Business:

At PGIM Private Capital, 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.

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 to $140,000.    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.

Our Culture:

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we 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 utilize the internal “Skills Accelerator” to hone their skills and explore the opportunities available to them 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 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.