PGIM - Senior Investment Associate (Asset Based Finance)

PGIM, Inc.; Newark (NJ); Hybrid; USD 145,000 - 155,000; Full time

Benefits offered by this job

Yearly bonus potential

Medical, dental, vision

401(k) with company match

Pension plan

Wellness program

Work/Life resources

Education benefit

Employee stock purchase plan

Job summary

PGIM in Newark, NJ seeks a Senior Investment Associate to join the Asset Based Finance (ABF) team, supporting origination, underwriting, structuring, execution, and portfolio management of private credit investments.

The role offers broad exposure across the investment lifecycle and the opportunity to work with senior investors, with a hybrid schedule: three days in the Newark, NJ office and two days remote.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• 4+ years of experience in private credit, leveraged finance, structured credit, or related investing roles.
• Strong credit underwriting and experience across full transaction lifecycle.
• Demonstrated experience building and interpreting financial models.
• Ability to evaluate complex deal structures and manage deadlines.

Responsibilities

• Perform detailed credit analysis of borrowers, collateral pools, and counterparties.
• Build and maintain financial models, cash flow analyses, stress scenarios, and sensitivity analyses.
• Conduct industry and market research to support investment decisions.
• Prepare investment memoranda and underwriting materials for internal approval.
• Coordinate execution workstreams and closing processes.
• Present transaction analyses and recommendations to investment committees.

Skills

Strong credit underwriting

Financial modeling

Deal execution lifecycle

Attention to detail

Multi-transaction management

Education

Bachelor's degree in Finance/Economics/Accounting

Tools

Excel

PowerPoint

Job description

WORK FOR A COMPANY WHOSE CULTURE IS BUILT ON RESPECT

AT PRUDENTIAL AND PGIM, YOU CAN.

Here you’ll find a high-performance culture that’s flexible, collaborative, and grounded in respect. We engage with candor, take calibrated risks, and hold ourselves accountable — always focused on delivering for our customers. It’s the standard we choose every day as we grow, perform, and win as one team.

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

We are seeking a highly motivated Senior Investment Associate to join our Asset Based Finance (ABF) investment team. The Sr. Associate will play a key role in supporting senior investment professionals across the origination, underwriting, structuring, execution, and portfolio management of private credit investments. This individual will work closely with deal leaders to evaluate opportunities, conduct credit analysis, structure transactions, coordinate execution processes, and present investment recommendations to internal and external stakeholders.

This is a highly visible role offering broad exposure across the entire investment lifecycle and the opportunity to work on complex, market-leading transactions. The successful candidate will partner directly with senior investors, gain meaningful transaction responsibility, and contribute to investment decisions that drive the growth of a dynamic and expanding ABF platform.

This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remote.

What you can expect

• Perform detailed credit analysis of borrowers, collateral pools, transaction structures, and counterparties.
• Build and/or 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.

What you will bring:

• Bachelor’s degree in Finance, Economics, Accounting, or related field
• 4+ 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

What will set you apart:

• Exposure to asset-based finance or securitized products
• Advanced degree (MBA) or progress toward CFA is a plus
• High level of intellectual curiosity, strong analytical mindset, and proactive problem-solving approach
• Collaborative team player with the ability to work effectively across internal teams and external partners
• Excellent written and verbal communication skills

*PGIM welcomes all applicants, even if youdon'tmeet every requirement.

Prudential is required bystate specificlaws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $145,000 to $155,000.Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible foradditionalcompensation 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.