Job Description:

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! 

What you will do

Our PGIM Multi-Asset Solutions (PMA) team is looking for a sharp and motivated individual to join the team as a Specialist, Portfolio Administration.

The business operations function within PMA oversees a wide variety of business activities including oversight of subadvisors activities, monitoring investment performance, cash and liquidity management, operational effectiveness, and oversight of operational and business controls and client reporting.

The COO team is looking to expand and offer a unique opportunity to join a new business that is building out its infrastructure and operating model and to gain experience working across PGIM affiliates and functional areas.

In this role, you will have the opportunity to work on a variety of projects, to build out and manage our reporting processes for both client and internal management reporting to support and manage all aspects of business activities. You will be part of a flat team with broad responsibilities and need to be a creative thinker and entrepreneurial self-starter and eager to drive one of Prudential’s and PGIM’s most important strategic initiatives.

This position is based in our office in Newark, NJ, following a hybrid schedule (3 days in office). Our organization follows a hybrid work structure where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.

What you can expect

• Develop understanding of key processes across the PMA Investment management lifecycle




• Define and implement critical processes and reporting needs for both client and internal business management working closely across all areas of the business.




• Work closely with technology to define the tools needed to scale the business across various functions.




• Focus on supporting new client and transaction implementation, the tools and processes needed to scale the business.




• Help respond to client RFPs and the operational aspects of client onboarding.




• Work on ad hoc projects and analysis to support COO  




• Focus on data visualization and process automation.




• Work with PGIM affiliates building out new products and asset classes on the PMA platform.




• Independently prioritize and lead various project work.




• Evolve from a new platform launch through the strategic build out to support an aggressive business growth plan as PMA onboards new clients and AUM.

What you will bring

• Bachelor's degree required with a major in Finance, Business, Economics, Accounting, or Information Systems preferred.




• Analytical and inquisitive mind set to analyze portfolio information.




• 2+ years of experience in investment operations, FP&A, accounting, or project management in financial services industry, preferred but will consider recent college grads with relevant coursework and the right attitude.




• Good understanding of various investment security types and investment concepts




• Self-motivated with the ability to work independently as well as, in a team environment.




• Strong PC skills with proficiency in MS Excel and comfortable with mid-level data manipulation; experience with data visualization (Tableau, Microsoft Power BI a plus)




• Experience with various reporting and business intelligence tools




• Strong analytical and problem-solving skills accompanied by excellent collaboration and interpersonal skills.




• Good organizational skills, resourcefulness, and ability to organize/prioritize tasks.




• Flexibility and ability to multi-task/juggle multiple assignments/projects and meet deadlines and changing priorities.

What will set you apart?

• Strong attention to detail with the ability to summarize and communicate complex issues effectively, both orally and in writing




• Working experience with Tableau a plus.




• Prior working experience in Asset Management and/or Capital Markets strongly preferred.

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)



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  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, visit Work Life Balance | Prudential Careers

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 to $90,000 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 Multi-Asset Solutions (PMA)

PGIM Multi-Asset Solutions (PMA) is a newly established investment business within PGIM responsible for providing institutional clients asset-liability management, portfolio strategy, and asset allocation

solutions utilizing PGIM’s multi-asset class expertise with a focus on public and private credit. On behalf of its clients, PMA will oversee portfolio construction, execution, and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, and PGIM Real Estate to deliver best in class private origination, credit underwriting, investment research, and risk management capabilities across a full range of asset classes.

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 staffingagencies@prudential.com 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 accommodations.hw@prudential.com.

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 careers.technicalsupport@prudential.com to request assistance.

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