PGIM · 2 weeks ago
PGIM: Director, Product Development (Hybrid/Newark, NJ)
Newark, NJ
Full-time
Hybrid
Senior Level, Lead/Staff
$160K/yr - $180K/yr
8+ years expPGIM is the Global Asset Management business of Prudential, focused on improving financial services and making a meaningful impact. The role involves managing the product development lifecycle and creating innovative investment strategies, particularly in private real estate investment solutions for institutional clients.
Asset Management
Responsibilities
Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring alternatives strategies to market that continuously meet evolving client needs
Oversee and execute cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out
Partner with the real estate investment teams, legal and tax counsel to define structuring for private and registered products (covering closed-end and open-end and evergreen structures)
Lead cross-functional activities related to the design and launch of new alternative investment products
Manage alternative product pipeline content and meet with internal stakeholders to communicate new product pipeline activities
Act as subject matter expert for the firm on the PGIM Real Estate’s commingled funds platform, key fund structuring concepts, distribution markets and channels, and the impact of local regulations; leverage knowledge to support innovation
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
Qualification
Required
8+ years of relevant experience required; experience preferably related to knowledge of asset management related to the real estate investment market and vehicle structures
Capacity to handle multiple projects simultaneously; strong execution and follow through skills in a fast-paced environment
Intellectually curious, goal-oriented individual, self-starter with a bias toward action and a commitment to work with integrity to deliver high quality results
Ability to manage ambiguity, solve complex problems, propose workable solutions and distill complex information into simple, clear, communication format
Strong analytical, problem-solving, highly organized with strong attention to detail
Clear communication (written and verbal) with proven ability to easily collaborate with all levels of the organization
Ability to work independently and build partnerships across all levels of the organization
Proficiency in full Microsoft suite
Preferred
Experience launching new funds from start to finish
Self-starter, efficient and flexible to meet and work within time-sensitive deadlines
Excellent interpersonal skills, written and verbal skills, attention to detail
Ability to plan, prioritize and manage multiple complex initiatives at different levels of granularity
Team player; must be able to establish and maintain effective, cooperative working relationships with all departments and organizational levels
Benefits
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
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.
1001-5000 employees
H1B Sponsorship
PGIM has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (15)
2024 (12)
2023 (8)
2022 (8)
2021 (7)
2020 (14)
Funding
Current Stage
Late StageLeadership Team
Jakob Wilhelmus
Director, Thematic Research
Recent News
Private Banker International
2026-01-16
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