Prudential plc · 1 hour ago
PGIM - Associate Manager, Loan Operations
Newark, NJ
Full-time
Hybrid
Mid, Senior Level
$100K/yr - $110K/yr
5+ years expPrudential is a global asset management firm committed to improving financial services and building a diverse and inclusive culture. As an Associate Manager in Loan Operations, you will support the Private Credit investment business by managing loan servicing activities and ensuring operational excellence and compliance across transactions.
Asset ManagementConsultingFinancial ServicesHealth CareInsurance
Responsibilities
Serve as the primary relationship manager for fund administrators and third-party lenders
Provide daily operational support to fund operations, deal teams, and business partners
Assist in the ongoing management of multiple middle-market direct lending products (e.g., CLO, BDC)
Support transaction execution by tracking upcoming deal closings and managing the funding and hedging process
Review and validate closing documentation, including credit agreements, funding memos, and wire instructions
Ensure all trade and funding details are accurately captured in internal systems prior to settlement
Approve and review accurate trade booking, new loan setup, and reconciliation of cash discrepancies
Maintain accurate and up-to-date records in Wall Street Office or equivalent loan servicing platforms
Navigate complex settlement activities with borrowers and the banking community
Manage daily production including cash forecasting and positioning
Ensure timely review and release of deal funding wires in alignment with standard operating procedures
Support system enhancements and process improvements to increase efficiency and reduce risk
Mentor and support junior team members, fostering a collaborative and high-performing environment
Qualification
Required
Bachelor undergraduate degree and 5+ years in the banking and financial services industry
Familiarity with loan closing and servicing processes
Strong attention to detail
Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
Excellent communication and analytical skills
Ability to manage multiple assignments and changing priorities
Critical thinking and problem-solving experience
Ability to convey sense of urgency and to work productively with both internal and external business partners
Preferred
Previous exposure with direct lending and private credit funds
Knowledge of Wall Street Office or other middle office systems
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
Prudential plc
We are Prudential. For Every Life, For Every Future.
Founded in 1848Central, Hong Kong Island, HKG
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Thomas W Myers, CLU, ChFC
Chief Executive Officer
Recent News
2025-12-04
Company data provided by crunchbase