PGIM · 1 day ago
PGIM - Sr. Associate, Loan Operations
Newark, NJ, USA
Full-time
Hybrid
Mid, Senior Level
$75K/yr - $80K/yr
2+ years expPGIM is the Global Asset Management business of Prudential, dedicated to improving financial services and making a meaningful impact. The Senior Investment Operations Associate will focus on loan servicing for the Direct Lending business, ensuring accurate trade booking and liaising with various internal and external partners.
Asset Management
Responsibilities
Loan servicing for PPC’s Direct Lending portfolio
Review documentation and closing requirements prior to trade settlement
Ensure accurate trade booking
Liaise with PGIM Fixed Income and Trustees on servicing and growing the PPC CLO business
Prepare daily/weekly/monthly reports and reconciliations
Daily cash matching of open payables/receivables and monitoring of bank account activity
Data entry into PAM sub-ledger accounting system & Wall Street Office for loan terms
Review and process wires generated related to Alternatives cash movements
Review wire instructions and complete call-backs with banks and agents
Liaison between Deal Teams/Legal and Operations
Review legal docs for loan terms and document in standardized format
Maintain documentation to comply with enterprise and departmental standards, facilitating audits and examinations by internal and external regulatory bodies
Prepare forward hedging models with PGF to mitigate foreign currency risk for non-USD assets
Continuously seek to find process improvements to increase overall operational productivity and efficiency
Qualification
Required
Bachelors Degree and 2+ years in the banking or financial services industry
Strong attention to detail
Independent problem-solving skills
High level of self-motivation
Excellent communication and analytical skills
Ability to multi-task during high volume periods
Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
Preferred
Experience using Wall Street Office
Loan closing and servicing experience
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
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 Equity Wire
2026-01-23
2026-01-22
Company data provided by crunchbase