Job Classification:
Investment Management - Investment Operations
What you will do
The PGIM Private Capital Fund Operations team is seeking a Treasury Director for its Direct Lending product.
The Direct Lending strategy within PPC is responsible for originating, underwriting, and managing a portfolio of privately placed leveraged loans for middle market issuers across the world ($10-100 million of EBITDA). PPC has recently closed on its second third-party fund, PGIM Senior Loan Opportunities II (PSLO II), bringing the Direct Lending fund strategy to $5.0bn in commitments. The Treasury Director will be expected to play an integral role in continuing to grow the strategy and support new product launches.
The primary responsibilities for this role will include liquidity optimization, debt facility structuring, cash forecasting, FX management, assessing fund eligibility and asset allocations, pre-trade compliance, cash positioning, and ongoing debt compliance for the PSLO Funds, BDC, & CLOs.
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What you can expect
- Lead the sourcing, negotiation, and execution of multiple middle market direct lending debt facilities including subscription lines, asset-backed lines, unsecured bonds, and CLOs
- Oversee all required reporting with external counterparties, with a focus on monitoring debt covenants, restrictions, and thresholds
- Thorough understanding of all debt facility and fund agreements
- Review pipeline activity, cash positioning, and liquidity forecasting
- Manage foreign currency hedging transactions & reconciliations
- Assist Allocations team during peak periods
- Review and understand how the changing needs of the business and future growth will impact the Treasury function with respect to people, processes, and technology
- Communicate with internal and external stakeholders
- Assist the Fund Operations team in periods of peak demand and ad hoc projects
What you will bring
- Minimum of 7 years of experience in a treasury, structured products, or finance role either with a private debt or equity firm, or have experience underwriting fund debt facilities at a bank
- Structured Product knowledge and experience managing leverage, preferably within a BDC in the middle market / direct lending space
- Strong Excel modeling & analytical skills. Wall Street Office, Sentry, and/or Allvue (fka Black Mountain) systems experience is a plus
- Ability to convey sense of urgency and to work productively with both internal and external business partners (Prudential Enterprise, investment professionals, banking partners, etc.)
- Comfortable working independently in a fast-paced multifaceted environment
- Strong organizational skills including the ability to adapt to changing circumstances and adjust priorities as needed
- Superior analytical skills, accuracy and careful attention to detail are essential
- High-energy person who brings positivity, geniality, and optimism to work
- Critical thinking and problem-solving experience required
About PGIM Private Capital
At PGIM Private Capital (PPC), expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
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.
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