PGIM Credit, Power and Energy Originations Sr Director

032 PGIM, Inc.; Newark (NJ); Híbrido; USD 195.000 - 215.000; Tempo integral

Benefícios oferecidos por esta vaga

Hybrid work arrangement

Wellness program benefit (up to $1,600

Resumo da vaga

Prudential Financial, Inc. in Newark, NJ, seeks an experienced Investment Professional to source, underwrite and manage senior debt and mezzanine investments in power generation assets globally.

The role leads a team, develops relationships with sponsors and advisors, negotiates financing documents, and aligns with senior management to achieve Real Assets - Power objectives while traveling as needed. The base salary is disclosed; a hybrid work model is offered.

Qualificações

• Bachelor’s degree in a related field.
• 10+ years in power project and utility finance with structuring and tax equity experience.
• Proven track record closing deals from origination to closing.
• Excellent presentation and senior-level communication.
• Strong analytical and debt investment skills.
• Ability to travel.

Responsabilidades

• Source private placement senior debt and mezzanine investments $25–$250M+ directly or via intermediaries.
• Supervise and develop junior investment professionals.
• Generate deal flow with clients, sponsors, intermediaries and advisors.
• Manage a portfolio of power investments including projects and cooperatives.
• Work with lawyers to negotiate financing documents.
• Collaborate with Managing Director to achieve Real Assets - Power objectives.

Conhecimentos

Power project finance

Debt investments

Communication

Leadership

Analytical skills

Travel ability

Formação

Bachelor's degree

MBA preferred

CFA designation (advantage)

Descrição da vaga

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.

• 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.

We are an equal opportunity employer.

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.

Corporate Overview

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. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 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. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.