Global Bank Loan Settlements Associate | Asset Operations
PGIM
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Job summary
PGIM, the Global Asset Management arm of Prudential, is seeking an Associate to support the Alternative Investment Operations platform in Newark, NJ. The role focuses on settlement activities for USD bank loans and related data integrity, collaborating with Portfolio Management, Legal, and Custodians.
The ideal candidate has 5-7+ years in bank loan products, familiarity with Aladdin and related systems, and strong analytical skills.
Qualifications
- Degree in Economics, Finance or Business preferred.
- 5-7+ years of experience with Bank Loan products and par/near-par trading.
- Experience closing par loans and drafting/reviewing loan documentation.
- Familiarity with Distressed loan trading conventions is a plus.
- Experience with ClearPar loan closing system.
- Ability to read and interpret credit agreements and legal docs.
- Strong written and verbal communication and stakeholder management.
Responsibilities
- Support settlement activities for USD Bank Loans and non-USD loans.
- Ensure data integrity and timely trade settlements across departments.
- Coordinate with Trustees, Agent Banks, Legal, Compliance and Portfolio Management.
Skills
Education
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Job description
PGIM, the Global Asset Management arm of Prudential, is seeking an Associate to support the Alternative Investment Operations platform in Newark, NJ. The role focuses on settlement activities for USD bank loans and related data integrity, collaborating with Portfolio Management, Legal, and Custodians.
The ideal candidate has 5-7+ years in bank loan products, familiarity with Aladdin and related systems, and strong analytical skills.
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