Director, Fund Operations

Prudential Ins Co of America; Letterkenny; Hybrid; EUR 150,000 - 190,000; Full time

Job summary

PGIM Private Capital seeks a Director, Fund Operations to provide senior operational and financial leadership across its global private credit and alternatives platform. The role offers end-to-end ownership of fund operations, including financial reporting, valuation coordination, investor operations, tax, regulatory compliance and new product launches across the full fund lifecycle.

The position requires leading a multi-disciplinary team across Chicago, Newark, London and Ireland, with a mix of

Qualifications

• Bachelor’s degree in Accounting or Finance or related field; CPA/ACA/ACCA/CFA or equivalent preferred.
• Minimum of 10 years of accounting, fund accounting or fund operations experience in financial services.
• Significant exposure to private credit, private equity or related areas.

Responsibilities

• Oversee multi-strategy fund operations across Direct Lending, Mezzanine, Energy Mezzanine and Retail/Wealth products across jurisdictions.
• Manage financial reporting, audits, tax, and valuation coordination with external partners.
• Lead investor operations, onboarding, regulatory compliance and product launch support.
• Drive automation, data and process improvements (Power BI, workflow tooling) to scale the platform.

Job description

Director, Fund Operations - Private Credit & Alternatives

Global role -Ireland based in our Letterkenny Office 2 days onsite a week.

The Opportunity:

PGIM Private Capital is seeking a Director, Fund Operations to provide senior operational and financial leadership across its global private credit and alternatives platform. This is a multi-strategy, multi-jurisdiction role with end-to-end ownership of fund operations - spanning financial reporting, valuation coordination, investor operations, tax, regulatory compliance and new product launch coordination - across the full fund lifecycle, from launch through wind-down.

The Fund Operations team is responsible for the financial oversight, controls and reporting of PGIM Private Capital's fund complexes, including commingled limited partnerships, parallel, feeder and rated feeder funds, aggregator and co-investment vehicles, alternative investment vehicles, separately managed accounts, levered vehicles and regulated fund structures in the U.S., Europe, and offshore jurisdictions. Investors include subsidiaries of Prudential Financial, Inc. and unaffiliated U.S. and non-U.S. institutional investors - public and private pension funds, insurance companies, sovereign wealth funds and family offices - as well as a growing base of wealth and retail investors.

• Direct Lending - originates, underwrites and manages a portfolio of privately placed senior loans to middle-market issuers ($10-100 million of EBITDA), managed across successive fund complexes, levered vehicles, rated feeders, SMAs, and open ended vehicles.
• Mezzanine - originates, underwrites and manages privately placed mezzanine and structured capital investments in middle-market issuers ($10-100 million of EBITDA), across multiple fund vintages.
• Energy Mezzanine - originates, underwrites and manages mezzanine, structured credit and equity investments in North American upstream oil and gas and energy infrastructure companies through a dedicated middle-market energy fund platform.
• Retail / Wealth - evergreen and semi-liquid vehicles for the wealth channel, including business development companies (BDCs), ELTIFs, UCIs and other regulated retail structures.

What you will do

Multi-strategy fund oversight

Serve as a senior operational lead across Direct Lending, Mezzanine, Energy Mezzanine and Retail/Wealth products, ensuring consistent standards, controls and reporting across strategies, structures and jurisdictions.

Oversee fund administrators, custodians and other service providers; set service expectations, resolve complex accounting matters and drive the timely resolution of cash, position and settlement breaks.

Financial reporting, audit and tax

Review quarterly and annual financial statements, schedules of investments and supporting workpapers for private funds, feeder vehicles and SMAs.

Lead the annual audit and tax compliance cycle across multiple fund complexes and jurisdictions, coordinating with external auditors, tax advisers and administrators, including tax returns, FATCA/CRS and W-8 validations, and foreign tax registrations.

Oversee management fee, incentive fee and waterfall calculations, and the preparation of performance metrics and LP presentations for senior leadership, investors and other stakeholders.

Valuation

Assist in the coordination of the valuation process in partnership with the investment teams, valuation committees and independent valuation providers.

Investor operations and product launch

Assist in leading the operational workstreams for new fund and vehicle launches - structuring support, legal documentation review, administrator and bank onboarding, account opening and tax registrations.

Oversee investor onboarding, AML/KYC, transfers and investor servicing in partnership with legal, compliance and distribution teams; respond to investor due diligence requests and bespoke investor reporting.

Regulatory, compliance and governance

Support regulatory reporting, attestations and filings across applicable jurisdictions (e.g., SEC, AIFMD/ELTIF, Cayman and other offshore regimes), and engage with regulators, boards and governance bodies as required.

Maintain and enhance the control environment, including cash and compliance attestations, LEI maintenance and policies and procedures.

Leadership and transformation

Lead, develop and mentor a high-performing team and manage competing priorities across time zones.

Drive automation, data and process-improvement initiatives (e.g., Power BI reporting, workflow tools, reconciliation tooling) to scale the platform.

Collaborate with a global operations team across Chicago, Newark, London and Ireland, and lead ad hoc strategic projects.

What you will bring

Bachelor's degree in Accounting, Finance or a related field; CPA, ACA, ACCA, CFA or equivalent preferred.

Minimum of 10 years of accounting, fund accounting or fund operations experience in financial services, including significant exposure to private credit, private equity or other al