PGIM Credit, Asset Based Finance Surveillance Director

Prudential Financial; Newark (NJ); Hybrid; USD 170,000 - 180,000; Full time

Benefits offered by this job

Bonus potential

401(k) plan with company match

Pension plan

Wellness program

Job summary

Prudential Financial, through PGIM, is seeking an organized analyst to conduct surveillance of Asset Based Finance (ABF) assets. You will monitor deal and loan level performance, coordinate with research and tech teams, and translate results into actionable insights for portfolio reviews.

The role requires 5-10 years in securitized products, strong data skills with Intex/Bloomberg, and the ability to collaborate across groups in a hybrid work environment.

Qualifications

• Bachelor’s degree required.
• 5-10 years of relevant experience in securitized products.
• Experience reviewing periodic transaction reporting (trustee reports & notices).
• Strong understanding of Intex and Bloomberg; data visualization skills.
• Excellent communication and ability to work independently and with teams.

Responsibilities

• Monitor ABF transactions at deal and loan levels against features and underwriting assumptions.
• Track collateral performance trends and translate into deal-level implications.
• Produce surveillance summaries and forward-looking insights for portfolio reviews.
• Collaborate with ABF Deal Team to standardize issuer reporting and fill gaps.
• Partner with technology to improve automated surveillance and data integrity controls.

Skills

Analytical

Communication

Independence

Education

Bachelor’s degree

Tools

Intex

Bloomberg

dv01

Job description

Job Classification: Investment Management - Investments 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:

PGIM is seeking an organized and analytical professional to conduct surveillance of Asset Based Finance (“ABF”) assets. This individual will work alongside the research teams to track transaction performance across all ABF investments and elevate situations where performance deviates from expectations. This cross-transaction generalist role will also partner with technology teams to improve automated surveillance coverage. The role offers exposure to the full spectrum of PGIM's ABF investments and a direct view into the investment process, making it a strong platform for growth.

What you can expect:

Monitor ABF transactions at the deal level, assessing performance against structural features and against PGIM’s underwriting assumptions. Track collateral performance trends against underwritten credit assumptions and translate loan-level performance into deal-level implications. Follow and interpret transaction events, such as amendments, restructurings, servicer changes, etc., and communicate the credit impact. Produce concise surveillance summaries that highlight performance trends, and forward-looking considerations to inform portfolio reviews; handle ad hoc surveillance requests as they arise. Partner with the ABF Deal Team to develop and standardize issuer reporting packages, closing gaps where current reporting is inconsistent or insufficient for effective surveillance. Partner with the technology team to improve automated surveillance coverage and strengthen escalation and monitoring practices across the ABF platform. Engage with external parties to obtain and interpret transaction-level information, and support portfolio reviews, risk discussions, and internal inquiries with clear, analysis-driven insight. Identify and elevate collateral-integrity or cash-reconciliation anomalies, such as unexplained variances between reported and expected collateral or cash, that may signal fraud, double-pledging, or other data-integrity risk.

What you will bring:

Bachelor’s degree required 5-10 years of relevant experience in securitized products with exposure to a wide range of asset classes. Demonstrated ability to monitor securitized products performance at the deal level and loan level. Experience reviewing periodic transaction reporting, which includes periodic trustee reporting and ongoing miscellaneous deal notices Strong understanding of Intex and Bloomberg Programming and data visualization skills required, with the ability to leverage AI to build efficient systems that analyze both existing datasets (e.g., Bloomberg, Intex, dv01) and bespoke issuer reporting not captured by traditional databases Detail-oriented and analytical, comfortable managing a steady calendar of recurring surveillance deadlines. Excellent communication skills, with the ability to articulate performance views clearly to portfolio managers, traders, research colleagues, and other stakeholders. Ability to work independently and collaboratively across teams.

PGIM welcomes all applicants, even if you don't meet every requirement.

PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through three weekly anchor days.

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 $170,000.00 - $180,000.00 USD. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level.
• 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.
• To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers.

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.

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.

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.