PGIM - Senior Investment Associate (Asset Based Finance)

Prudential Annuities Distributors (PAD); Newark (NJ); Hybrid; USD 145,000 - 155,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Paid time off

Parental leave

Military leave

401(k) match

Pension plan

Stock Purchase Plan

Job summary

PGIM is seeking a Senior Investment Associate to join its Asset Based Finance (ABF) team. The role supports origination, underwriting, structuring, and portfolio management of private credit investments, partnering with deal leaders to evaluate opportunities and coordinate closing processes.

The position offers exposure across the investment lifecycle in a high-visibility environment. The candidate will build financial models, analyze cash flows, and present recommendations to senior

Qualifications

• Strong credit underwriting skills with hands-on experience analyzing borrowers, structures, and/or asset-backed portfolios.
• Experience building and interpreting financial models including cash flow analyses and stress scenarios.
• Ability to evaluate complex deal structures, collateral pools, and legal frameworks.

Responsibilities

• Perform detailed credit analysis of borrowers, collateral pools, and transaction structures.
• Build and maintain financial models, cash flow analyses, stress scenarios, and sensitivity analyses.
• Coordinate deal execution workstreams and prepare investment memoranda and presentations for approvals.
• Present analyses and recommendations to investment committees and senior management.

Skills

Credit underwriting

Financial modeling

Asset-based finance

Deal execution

Education

Bachelor’s degree in Finance or related field

Tools

Excel

PowerPoint

Job description

Job Classification:Investment Management - InvestmentsA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs 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 doWe 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 expectPerform 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 field4+ years of experience in private credit, leveraged finance, structured credit, investment banking, or related investing rolesStrong 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 casesAbility to evaluate complex deal structures, collateral pools, and legal frameworks with attention to detailAbility to manage multiple transactions and deadlines in a fast-paced environmentWhat will set you apart:Exposure to asset-based finance or securitized productsAdvanced degree (MBA) or progress toward CFA is a plusHigh level of intellectual curiosity, strong analytical mindset, and proactive problem-solving approachCollaborative team player with the ability to work effectively across internal teams and external partnersExcellent written and verbal communication skills*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.Prudential is required by state specific laws 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 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-SC1#LI-HybridWhat 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] you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.