PGIM Fixed Income – VP Securitized Products, ABF Structuring and Transaction Management (Hybrid/Newark, NJ) at PGIM
Newark, NJ 07101
About the Job
Job Classification:Investment Management - InvestmentsWhat you will doAs our client’s needs evolve and our business continues to grow, we are creating a new role within PGIM Fixed Income’s Securitized Products team focused on ABF Structuring and Transaction Management.
In this role, you will be responsible for overseeing and managing the end-to-end process of structuring and closing asset-based finance transactions.
You will work very closely with internal investment teams and external stakeholders to ensure transactions are executed efficiently and in compliance with regulatory requirements.
The ideal candidate will have significant experience structuring and executing private transactions. Additionally, the candidate should have a strong background across a variety of asset-based sectors including, but not limited to, consumer credit, commercial lending, mortgage, fund finance, and private credit.
This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely.
Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week.
Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).What you can expectManage the full lifecycle of asset-based finance transactions from initial client engagement to closing ensuring all steps are completed accurately and on time.Design and develop innovative asset-based finance structures that meet client and borrower needs.Work closely with numerous external parties including issuers, legal, rating agencies, and trustees to execute transactions.What you will bringMinimum of 7 years' work experience, preferably in investment banking, insurance or asset management.
At least 5 years of experience structuring and managing transaction lifecycle.Significant experience in cashflow modeling and structuring across ABF sectors.
Experience across the various ABF collateral types (corporate credit, CRE, and asset-based finance) to assist the securitized product team structure the underlying asset cash flows to achieve long-term capital efficiency within vehicles for insurance clients.
Highly organized and attentive to details.
Excellent quantitative/analytical and written/verbal communication skills.Excellent time and project management skills.
*PGIM welcomes all applicants, even if you don't meet every requirement.
If your skills align with the role, we encourage you to apply.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 $175,000 to $200,000.
Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
About PGIM Fixed Income PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets.
With over 1100 employees and $859bn assets under management (as of June 2024), the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Paris, Sydney, 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. 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 Programsincluding 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
In this role, you will be responsible for overseeing and managing the end-to-end process of structuring and closing asset-based finance transactions.
You will work very closely with internal investment teams and external stakeholders to ensure transactions are executed efficiently and in compliance with regulatory requirements.
The ideal candidate will have significant experience structuring and executing private transactions. Additionally, the candidate should have a strong background across a variety of asset-based sectors including, but not limited to, consumer credit, commercial lending, mortgage, fund finance, and private credit.
This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely.
Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week.
Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).What you can expectManage the full lifecycle of asset-based finance transactions from initial client engagement to closing ensuring all steps are completed accurately and on time.Design and develop innovative asset-based finance structures that meet client and borrower needs.Work closely with numerous external parties including issuers, legal, rating agencies, and trustees to execute transactions.What you will bringMinimum of 7 years' work experience, preferably in investment banking, insurance or asset management.
At least 5 years of experience structuring and managing transaction lifecycle.Significant experience in cashflow modeling and structuring across ABF sectors.
Experience across the various ABF collateral types (corporate credit, CRE, and asset-based finance) to assist the securitized product team structure the underlying asset cash flows to achieve long-term capital efficiency within vehicles for insurance clients.
Highly organized and attentive to details.
Excellent quantitative/analytical and written/verbal communication skills.Excellent time and project management skills.
*PGIM welcomes all applicants, even if you don't meet every requirement.
If your skills align with the role, we encourage you to apply.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 $175,000 to $200,000.
Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
About PGIM Fixed Income PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets.
With over 1100 employees and $859bn assets under management (as of June 2024), the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Paris, Sydney, 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. 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 Programsincluding 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.SummaryLocation: Newark, NJ, USAType: Full time