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!
Want more jobs like this?
Get Software Engineering jobs delivered to your inbox every week.
What you will do
The successful candidate will join the Sustainable Investing team at PGIM Private Alternatives. They will focus on making new private credit investments, managing the existing general account assets in private credit and private equity, and new sustainability focused market rate product development for third party clients.
The Sustainable Investing Team is positioned to be a growth engine for PGIM Private Alternatives. A primary goal for the team's future capital deployment is to generate proof of concept portfolios for new product development. The proof-of-concept portfolio is intended to be a pre-requisite to a fund launch and the investment associate will have an exciting opportunity to work on the ground floor of an innovative strategy.
What you can expect
- Assist senior team members in managing the GA IRI Private Equity and Credit existing portfolio (~$700M AUM invested across sustainability, financial inclusion, and education & workforce development impact themes) including direct and fund investments - quarterly reporting and creation of dashboards as needed, managing modifications, monitoring performance, and recommending corrective measures, representing IRI on LPAC meetings as assigned.
- Assist in performing all aspects of new investment sourcing, due diligence, deal structuring, modeling, preparation of investment committee material, deal execution and investment reporting.
- Support new product development activities with a near term focus on private credit (corporate) and ABS sustainable products- create pitch decks, perform research, motivated to contribute to the development of new investment product theses.
- Develop domain expertise in assessing technology driven business models across sustainability (energy transition/decarbonization in the built environment and mobility).
- Maintain relationships with fund managers, co-investors, co-lenders, management teams and other stakeholders.
- Assist senior team members in managing SMAs and strategic financial services investments on behalf of Prudential International Insurance.
- Assume responsibility for maintaining impact measurement frameworks and metrics across the portfolio.
What you will bring
- Bachelor's degree and 5-6 years of experience in investments (investment analysis, structuring, negotiation, or financial advisory).
- Experience with private credit investments is required
- Strong background in financial analysis, asset/portfolio management, and deal structuring and an enthusiasm to invest in further developing these skills.
- Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously.
- Strong underwriting skills with a firm understanding of risk/reward relationships.
- Strong communication and presentation skills, the ability to articulate points of view, strategies, results etc. clearly and credibly.
What will set you apart?
- Passion for sustainable investing and creating social and environmental outcomes through investments.
- Progress toward the CFA or an advanced degree
- Background/experience in private alternative assets and sustainability
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $130,000 to $150,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
About PGIM Real Estate With $208B in gross assets under management and administration ($131B net), PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate's risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
#LI-SC1
#LI-Hybrid
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 Programsincluding 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), after one year of service.
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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.