Job Classification:
Investment Management - Investment Operations
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, were always looking for ways to improve financial services. Were 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, youll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the worlds leading global asset managers!
If youre not afraid to think differently and challenge the status quo, come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.
At PGIM, You Can!
What you will do
The Analyst, Alternative Operations is responsible for providing support to the Prudential Investment Management Fixed Income CLO business.
What you can expect
Being the primary on-site business management point of contact for activities for each of the CLOs supported by the CLO Business Management Team.
Oversight and ownership of all data attributes within the compliance application to provide optimal support to CLO Analysts and Portfolio Managers.
Reconcile holdings and 50+ data attributes between internal compliance application against the Trustee(s) data for his/her respective deal on a monthly basis.
Perform daily, weekly, and monthly tasks to ensure all data is accurate and well maintained.
Calculate and verify quarterly distribution payments made to Dryden CLO investors.
Perform Hypothetical Trade tests; manage process with internal Product Support team and Trustees daily.
Reconcile and investigate cash discrepancies with trustees and internal operational teams.
Support fund launches by managing process from Pricing to Closing date, including approval of Flow of Funds.
Test and validate new compliance model as per the CLO Indenture; provide feedback to vendor, if needed.
Establish proper controls and build efficiencies to mitigate risk and improve processes.
Liaise with internal members (Operations, Analysts, Portfolio Managers, Technology) and external members (Trustees and Investors) to ensure proper service levels are achieved.
Develop an understanding of the Fixed Income trading business and use that knowledge to increase service levels.
What you will bring
Bachelors degree in Economics, Finance, or Business preferred.
Outstanding academic achievement, extracurricular involvement, work experience and demonstrated leadership skills.
Solid understanding of Fixed Income products, investment strategies, and derivatives preferred
Strong analytical and problem-solving skills.
Self- starter, self-motivated, and ability to work within a team environment.
Strong knowledge of Excel; VBA a plus
Strong written and verbal communication skills.
Ability to work in a fast-paced, high-intensity environment.
* Dependent upon the business, flexible work schedules are necessary to provide coverage to our business partners from 7:00 a.m. to 8:00 p.m. Prudential Investment Management follows the NYSE holiday schedule. This position also requires over-time during peak periods (Quarter/Month end).
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
What we offer you
Medical, dental, vision, life insurance and PTO (Paid Time Off)
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 $95,000 to $105,000. 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 Fixed Income
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn 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.
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,...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity