Analyst Investment Operations , PGIM Operations ( Hybrid / Newark, NJ)

Prudential Financial; Newark (NJ); Hybrid; USD 62,000 - 72,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) with company match

Pension plan

Wellness programs

Job summary

Prudential Financial, based in Newark, NJ, is seeking a role in Investment Operations to support settlements, reconciliations, asset servicing, and derivative related processes. The position offers exposure across equities, fixed income, FX, and derivatives, with collaboration between brokers, custodians, fund accountants, and internal teams.

The role follows a hybrid schedule 3 days in office. Applicants should have a finance-related bachelor’s degree and strong analytical and communication

Qualifications

• Strong analytical and problem-solving skills.
• Attention to detail and commitment to accuracy.
• Effective verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency with Microsoft Office applications, particularly Excel.

Responsibilities

• Support settlements of investment transactions across multiple asset classes.
• Coordinate with brokers, custodians, fund accountants, and internal partners for accurate processing.
• Monitor and resolve settlement exceptions and failed trades.
• Perform cash, position, and transaction reconciliations with external providers.
• Assist with asset servicing activities including dividends, corporate actions, and collateral.

Skills

Strong analytical skills

Attention to detail

Verbal and written communication

Multitasking in fast-paced environment

Independent with cross-teamCollab

Education

Bachelor’s degree in finance, Accounting, Economics, Business, Information Systems, or related field

Tools

Excel

MS Office

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

In this role, you'll support the day-to-day operations that help investment portfolios run smoothly and efficiently. Working across a variety of asset classes, including equities, fixed income, foreign exchange, and derivatives, you'll help ensure transactions, portfolio activity, and investment data are processed accurately and on time. You'll partner closely with brokers, custodians, fund accountants, and internal business teams to resolve issues, maintain data integrity, and support critical portfolio activities. This role offers broad exposure to investment operations, asset servicing, reconciliation, and process improvement, providing an opportunity to build expertise while contributing to the overall success of the investment platform. This position is based in our office in Newark, NJ and will follow a hybrid schedule. Our organization follows a hybrid work structure ( 3 days in office) 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.

Why Join Investment Operations?

Investment Operations plays a critical role in supporting the investment process and ensuring the integrity of portfolio activity across the firm. Associates gain exposure to financial markets, portfolio management, trading, custodial relationships, fund accounting, derivatives, collateral, and operational risk management while developing skills in problem solving, data analysis, process improvement, and cross-functional collaboration. This role provides a strong foundation for a long-term career within investment operations, middle office, fund administration, risk management, investment management support, or related financial services functions.

What you can expect

Settlements & Transaction Support

Support the settlement of investment transactions across multiple asset classes, including equities, fixed income, foreign exchange, and derivatives.

Coordinate with brokers, custodians, fund accountants, counterparties, and internal business partners to facilitate accurate and timely transaction processing.

Monitor and resolve settlement exceptions, unmatched transactions, failed trades, and operational issues impacting portfolio activity.

Research and resolve inquiries related to trade, cash, FX, and other portfolio activity.

Reconciliations & Exception Management

Perform cash, position, transaction, and other operational reconciliations between internal records and external service providers.

Investigate and resolve reconciliation breaks through research, analysis, and coordination with internal and external stakeholders.

Monitor operational controls and elevate material exceptions, processing breaks, or operational risks as appropriate.

Maintain the accuracy and integrity of portfolio, accounting, and operational records.

Asset Servicing & Portfolio Support

Support the processing and review of dividends, interest payments, corporate actions, reorganizations, class actions, security litigation proceeds, and other portfolio lifecycle events.

Coordinate with custodians, brokers, fund accountants, and internal teams to ensure asset servicing events are processed accurately and timely.

Investigate and resolve exceptions related to income, corporate action, and other asset servicing activity.

Derivatives, Margin & Collateral

Support operational activities associated with derivative instruments, including futures, swaps, and other products as applicable.

Monitor margin movements, collateral activity, and related operational controls.

Assist with the investigation and resolution of derivative-related operational exceptions, reporting issues, and counterparty inquiries.

Analysis & Problem Solving

Analyze operational data to identify trends, recurring issues, and opportunities for improvement.

Research root causes of operational breaks and partner with stakeholders to implement corrective actions.

Support management reporting and operational reviews through data gathering, validation, and analysis.

Process Improvement & Automation

Identify opportunities to improve operational efficiency, strengthen controls, and reduce operational risk.

Participate in automation initiatives, workflow enhancements, and operational improvement projects.

Contribute recommendations that improve scalability, service quality, and overall operating effectiveness.

Support testing and implementation activities associated with process and technology changes.

What you will bring

• Bachelor’s degree in finance, Accounting, Economics, Business, Information Systems, or a related field.
• Strong analytical and problem-solving skills.
• Strong attention to detail and commitment to accuracy.
• Effective verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency with Microsoft Office applications, particularly Excel.
• Ability to work independently while collaborating effectively across teams.

What will set you apart?

• Interest in financial markets, investment management, and investment operations.
• Exposure to investment products such as equities, fixed income, foreign exchange, or derivatives through coursework, internships, or prior experience.
• Demonstrated interest in process improvement, automation, data analysis, or operational excellence initiatives.

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 $62,000 to $72,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

What we offer you:

• 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).
• 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.

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.

To maintain the integrity and security of our hiring process, Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place. If you need an accommodation to complete the application process, please email [e-mail]. If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security.

Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.