Bank Loan Settlements Associate – Global Asset Ops

PGIM, Inc.; Newark (NJ); Hybrid; USD 115,000 - 135,000; Full time

Benefits offered by this job

Market competitive base salaries

Medical, dental, vision benefits

401(k) match up to 4%

Company-funded pension plan

Wellness programs

Job summary

PGIM, Inc. in Newark, NJ, is seeking an Associate to support PGIM's Alternative Investment Operations. You will handle USD Bank Loans settlements and assist with non-USD loans, ensuring data integrity and timely trade communications.

The role requires collaboration with multiple internal teams to ensure accurate execution and ongoing portfolio support. Hybrid work arrangement (3 days in office) with potential remote work based on task demands.

Qualifications

• Bachelor’s degree or equivalent in Economics, Finance or Business.
• Exposure to Aladdin, Wall Street Office, and S&P suites is a plus.
• Strong knowledge of Bank Loan products and related processes.

Responsibilities

• Support settlement activities for USD and non-USD Bank Loans, ensuring data integrity and timely execution.
• Collaborate with Portfolio Management, Deal Teams, Legal, Compliance, Trustees, and Agent Banks.
• Coordinate with counterparties/borrowers for loan trade documentation and KYC onboarding.
• Identify process improvements to mitigate risks and increase efficiency.
• Communicate issues proactively with relevant business partners and vendors.

Skills

Bank loans

Analytical skills

Communication

Team collaboration

Education

Economics/Finance/Business degree

Tools

Aladdin

Wall Street Office

S&P Suites

Job description

PGIM, Inc. in Newark, NJ, is seeking an Associate to support PGIM's Alternative Investment Operations. You will handle USD Bank Loans settlements and assist with non-USD loans, ensuring data integrity and timely trade communications.

The role requires collaboration with multiple internal teams to ensure accurate execution and ongoing portfolio support. Hybrid work arrangement (3 days in office) with potential remote work based on task demands.