PGIM Credit, Power and Energy Originations Sr Director

Prudential Financial; Newark (NJ); Hybrid; USD 195,000 - 215,000; Full time

Benefits offered by this job

Market competitive base salaries

Medical, dental, vision, life, and dis

401(k) with company match

Company-funded pension plan

Wellness program allowance

Work/Life resources

Education benefit

Employee Stock Purchase Plan

Job summary

Prudential Financial’s PGIM Real Assets - Power group in Newark, NJ seeks an experienced Investment Professional to lead sourcing, underwriting, and managing senior debt and mezzanine investments in power assets globally. The role focuses on North America, Latin America, UK/Europe and Australia, reporting to the MD and based in Newark, NJ.

You will manage deal flow, supervise staff, and work with lawyers on financing documents while driving objectives of the Real Assets - Power group and PGIM

Qualifications

• Bachelor’s degree required.
• 10+ years in power project and utility finance, with project finance structuring and tax equity familiarity.
• Track record of closing transactions including origination, structuring and negotiations.
• Strong presentation and communication skills for senior management.
• Solid analytic and investment skills with debt investing experience.
• Excellent relationship skills and ability to develop new/existing clients.
• Ability to distill complex issues for diverse audiences.
• Highly motivated problem solver in a fast-paced environment.
• Ability to travel.

Responsibilities

• Source private placement senior debt and mezzanine investments ($25–$250M+).
• Supervise and mentor junior investment professionals.
• Develop and maintain client/intermediary relationships to generate deal flow.
• Manage portfolio of power investments (projects, portfolios, utilities, cooperatives).
• Work with lawyers to negotiate financing documents.
• Align with MD to achieve Real Assets - Power group objectives.

Skills

Power project finance

Debt investments

Project finance structuring

Negotiation with lawyers

Presentation skills

Relationship building

Travel willingness

Education

Bachelor's degree

MBA

CFA designation

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:

This role will manage and originate investment transactions in power generation assets such as wind, solar, hydroelectric, natural gas-fired power plants, transmission assets, as well as investments in power project developers, utilities, and cooperatives. The group has a geographic focus on North America, Latin America, UK/Europe and Australia, providing candidates a global perspective on power investing.

This experienced Investment Professional will lead a team responsible for sourcing, underwriting and managing senior debt, investment grade, below investment grade and mezzanine investments. This position will report to the Managing Director of PGIM’s Real Assets - Power group and will be based in Newark, NJ.

What you can expect:

• Sourcing new private placement senior debt and mezzanine investments typically ranging in size from $25 to $250+ million both on a direct basis and via intermediaries and advisors
• Supervising and developing junior investment professionals
• Generating new deal flow by developing and maintaining relationships with clients, sponsors, prospects, intermediaries and advisors within the targeted markets
• Managing a portfolio of existing Power investments, including projects, portfolios of projects, utilities and cooperatives
• Working with lawyers to successfully negotiate financing documents
• Working with the Managing Director to successfully accomplish the objectives of the Real Assets - Power group and PGIM overall

What you will bring:

• Bachelor’s degree required
• 10+ years of experience in the power project and utility finance industry, with a focus on project finance structuring and transaction documentation, including familiarity with tax equity structures
• Track record of closing transactions, including originating, structuring and negotiating deals and working with lawyers on financing documentation and carrying the process through closing of the transaction
• Excellent presentation and communication skills; having an ability to communicate results and influence decisions and direction at the senior management level
• Strong analytic and investment skills and a proven track record in making and/or managing solid debt investments over time
• Excellent relationship skills and proven ability to develop business with new and existing clients
• Ability to distill, and then to clearly and concisely communicate, complex issues to a variety of decision makers and audiences
• Highly motivated, creative problem solver and the ability to thrive in a fast-paced, results oriented environment
• Ability to travel

What will set you apart:

• An MBA and/or the CFA designation
• Strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members
• Ability to operate with a sense of urgency and to work productively with internal investment teams and support functions, as well as clients and external advisors

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 in-office.

Note: Prudential is required by state-specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $195,000.00 - $215,000.00 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.

#LI-Hybrid

#LI-CR1

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.

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.