Hybrid Private Credit Investment Associate

PGIM, Inc.; Newark (NJ); Hybrid; USD 120,000 - 135,000; Full time

Benefits offered by this job

Competitive base salary + yearly bonus

Medical, dental, vision, life and long

401(k) with company match

Job summary

PGIM, Inc. in Newark, NJ, is seeking a motivated Investment Associate to join our Asset Based Finance (ABF) investment team. You will support senior professionals across origination, underwriting, structuring, execution, and portfolio management of private credit investments.

The role follows a hybrid work model: 3 days in the Newark, NJ office and 2 days remote, with opportunities to influence investment decisions and collaborate with diverse stakeholders across the firm.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• 2+ years of experience in private credit, leveraged finance, structured credit, investment banking, or related investing roles.
• Strong credit underwriting skills with hands-on experience analyzing corporate borrowers, structured transactions, and/or asset-backed portfolios and executing deals across the full transaction lifecycle, from underwriting and structuring through documentation and closing.
• Demonstrated experience building and interpreting financial models, including cash flow analysis, scenario modeling, and downside stress cases
• Ability to evaluate complex deal structures, collateral pools, and legal frameworks with attention to detail
• Ability to manage multiple transactions and deadlines in a fast-paced environment

Responsibilities

• Perform detailed credit analysis of borrowers, collateral pools, transaction structures, and counterparties.
• Build and maintain financial models, cash flow analyses, stress scenarios, and sensitivity analyses.
• Conduct industry and market research to support investment decisions.
• Assist in developing investment theses and recommendations.
• Support deal leaders in structuring private credit and asset-based finance transactions.
• Coordinate execution workstreams across internal and external stakeholders.
• Manage transaction timelines, deliverables, and closing processes to ensure efficient execution.
• Prepare investment memoranda, underwriting materials, and presentation decks for internal approval processes.
• Present transaction analyses and recommendations to investment committees and senior management.

Skills

Credit underwriting

Financial modeling

Cash flow analysis

Scenario modeling

Deal coordination

Attention to detail

Multitasking

Communication skills

Education

Bachelor’s degree in Finance, Economics, Accounting, or related field

Job description

PGIM, Inc. in Newark, NJ, is seeking a motivated Investment Associate to join our Asset Based Finance (ABF) investment team. You will support senior professionals across origination, underwriting, structuring, execution, and portfolio management of private credit investments.

The role follows a hybrid work model: 3 days in the Newark, NJ office and 2 days remote, with opportunities to influence investment decisions and collaborate with diverse stakeholders across the firm.