PGIM Private Capital: Investment Operations Specialist (Hybrid/Newark, NJ) (Finance)

Job Classification:
Investment Management - Investment Operations

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!

What you will do

As part of the PGIM Private Capital (PPC) Investment Operations team, you will play a critical role in supporting our Private Credit investment business. This position focuses on loan servicing for PPC's Direct Lending platform and requires close collaboration with internal and external stakeholders to ensure seamless deal execution.

You will be responsible for managing the full lifecycle of loan servicing activities, ensuring operational excellence and compliance across all transactions. Your role will involve coordinating with deal teams, fund operations, and external banking partners to facilitate accurate and timely settlements. You will also contribute to strategic initiatives aimed at enhancing system capabilities and streamlining processes.

What you can expect

• Daily operational support for fund operations, deal teams, and business partners.
• Monitoring of foreign currency transactions and bank account reconciliations.
• Research and resolution of operational discrepancies.
• Review and validate closing documentation, including credit agreements, funding memos, and wire instructions.
• Ensure all trade and funding details are accurately captured in internal systems prior to settlement.
• Set up and maintain loan records, including interest rates, payment schedules, and amortization structures.
• Monitor and process scheduled and unscheduled loan activity such as interest payments, principal repayments, rollovers, and prepayments.
• Track and reconcile borrower payments, ensuring timely application and resolution of discrepancies.
• Maintain accurate and up-to-date records in Wall Street Office or equivalent loan servicing platforms.
• Support system enhancements and process improvements to increase efficiency and reduce risk.
• Assist in the development and documentation of standard operating procedures.
• Mentor and support junior team members, fostering a collaborative and high-performing environment.
• Navigate complex settlement activities with borrowers and the banking community.

What you will bring

• 4+ years of experience in banking or financial services.
• Bachelor's degree (all disciplines considered).
• Experience with direct lending or private credit funds is a strong plus.
• Familiarity with loan closing and servicing processes.
• Wire transfer and banking operations experience preferred.
• Knowledge of Wall Street Office is a plus.
• Exceptional attention to detail and organizational skills.
• Proficiency in Microsoft Office, especially Excel.
• Strong communication, analytical, and problem-solving skills.
• Ability to manage multiple priorities in a fast-paced environment.

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 $85,000 to $95,000. 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.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level .
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave .
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs 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 and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• 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 accommodations.hw@prudential.com .

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance .