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PGIM · 1 month ago

PGIM - Structuring Associate, Product Development (Hybrid/Newark, NJ)

Newark, NJ, USA

Full-time

Hybrid

Mid Level

$135K/yr - $155K/yr

3+ years exp

PGIM is a leading investment management firm, and they are seeking a Structuring Associate to join their Product Development Team. The role involves leading the structuring and oversight of innovative investment strategies, managing relationships with rating agencies, and collaborating across teams to ensure successful product delivery.

Asset Management

Culture & Values

Responsibilities

Lead the structuring, launch, and monitoring of rated feeder vehicles and other innovative structured products, such as collateralized fund obligations and multi-asset class solutions

Manage and maintain relationships with rating agencies, structuring advisors, counsel, and/or investors ensuring timely and accurate engagement throughout product lifecycle

Provide oversight of product structuring processes, from initial design through execution and ongoing management

Support due diligence, documentation, and marketing efforts related to structured product launches

Collaborate closely across PGIM’s cross-functional teams (investment teams, portfolio management, legal, compliance, operations, and distribution) to ensure seamless delivery and execution

Monitor market trends and regulatory developments in private/public credit and structured products to inform product strategy and design

Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements

Help serve as a subject matter expert on structured products for internal and external stakeholders, advising on best practices and innovation

Qualification

Structured products expertisePrivate credit knowledgeInvestment banking experienceFinancial modelingAnalytical skillsCommunication skillsOrganizational skillsProblem-solving skillsTeam collaborationAttention to detail

Required

Strong understanding of the private and public credit markets and vehicle structures

Proven experience with rated feeders, collateralized fund obligations, and/or multi-asset class structured products

Capacity to handle multiple projects simultaneously; strong execution and follow-through skills in a fast-paced environment

Self-starter with excellent analytical, communication, organizational, and problem-solving skills

Team-player with the ability to work collaboratively and cross-functionally within a dynamic team environment

Strong attention to detail and commitment to delivering high-quality results

Proficient in full Microsoft suite and financial modeling

Preferred

Prior hands-on experience from an investment bank, rating agency or private credit manager is preferred, specifically with respect to structuring private credit vehicles, and possessing a strong understanding of the direct lending and broader private credit landscape

3–5 years of relevant experience; preferably in investment banking with a focus on structuring advisory for private credit managers or related experience in asset management or a rating agency

Benefits

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), after one year of service.

Company

PGIM

Glassdoor4.2

PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.

Founded in 1875

Newark, New Jersey, USA

1001-5000 employees