PGIM Credit, Power and Energy Originations Sr Director

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

Benefits offered by this job

Medical, dental, vision, life and inc.

PTO and parental/military leave

401(k) with company match

Company-funded pension plan

Wellness programs up to $1,600/year

Work/Life resources

Education benefit

Employee Stock Purchase Plan

Job summary

PGIM, the Global Asset Management business of Prudential, is seeking an experienced Investment Professional for its Real Assets - Power group based in Newark, NJ. The role leads sourcing, underwriting and management of senior debt, investment grade and mezzanine investments in power assets, with a global perspective and hybrid work arrangement.

The candidate will oversee a team, coordinate with lawyers on financing documents, and work closely with the Managing Director to deliver objectives.

Qualifications

• Bachelor's degree required.
• 10+ years of experience in power project and utility finance, with 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 closing.
• Excellent presentation and communication skills; ability to influence senior management.
• Strong analytic and investment skills with a history of solid debt investments.
• Excellent relationship skills and ability to develop business with new and existing clients.
• Ability to distill and clearly communicate complex issues to diverse audiences.
• Highly motivated, creative problem solver in a fast-paced environment.
• Ability to travel.

Responsibilities

• Source new private placement senior debt and mezzanine investments ($25–$250M range) directly or via intermediaries.
• Supervise and develop junior investment professionals.
• Generate deal flow by building relationships with clients, sponsors, prospects, intermediaries and advisors.
• Manage existing power investments—projects, portfolios, utilities, and cooperatives.
• Collaborate with lawyers to finalize financing documents.
• Coordinate with the Managing Director to meet Real Assets - Power group objectives.

Skills

Power debt finance

Analytical skills

Communication skills

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.

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.