Senior Investment Associate (m|w|d) Newark

With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.

PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.

About PGIM – Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.2 trillion in assets under management as of 30th December,2022. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives.

With a history dating back almost 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com

Tasks

PGIM Real Estate’s US Core Plus Open End Debt Fund is seeking a Senior Investment Associate to work as part of the Portfolio Analytics team. The Portfolio Analytics team is generally responsible for performance monitoring, fund statistics and analytics, forward looking projections, liquidity management, investor reporting, and coordination of marketing materials for the fund. Portfolio Analytics provides strategic support for the Portfolio Management Team.

The Portfolio Senior Investment Associate will be part of a team responsible for supporting the portfolio reporting and analytics needs of the US Core Plus Open End Debt Fund, the to-be-launched closed end high yield debt fund, and two single client accounts. This individual will work closely with the portfolio management teams and will be responsible for portfolio and investment-level reporting and portfolio forecasting associated with investment activity, marketing, and client requirements. 

This individual should be a critical thinker that will not only be responsible for the reporting of data, but modeling and analysis on a fund and specific-investment basis for, both, open and closed end funds.

This individual will work closely with all members of the fund team and will be expected to understand new and existing investments and their impact on the current portfolio's liquidity, leverage/financing, adherence to the Funds’ investment guidelines, performance, and risk status.  The position also involves direct interaction with multiple internal partners, like fund operations/accounting, client services, marketing services, transactions, research, business development, and valuations.

What you can expect:

• General preparation and upkeep of various models and PowerPoint decks
• Liquidity and sensitivity analysis bases on capital flows, transactions, and other assumptions
• Fund-level projections regarding returns, liquidity, diversification, leverage, revenue, and fees 
• Ad-hoc analyses as necessary for portfolio managers to make fund management decisions.
• Compilation and preparation of quarterly client materials
• Marketing material content
• Investment and fund schedule review of materials prepared by operations and/or other third-party service providers.

Profile / Your qualification / Your personality

• Bachelor’s degree in finance, Accounting, Economics, or related field required.  Master’s in business administration and/or Real Estate preferred.
• Minimum of 3 years’ experience in a finance or accounting role; prior experience in fund reporting a plus; Real estate, debt fund or banking investment industry preferred.
• Investment management experience a plus, but not necessary
• Understanding of basic real estate, debt and finance terms and concepts
• Strong quantitative skills and demonstrated analytical ability.
• Demonstrated ability to meet competing deadlines in a fast-paced environment and work well under time constraints.
• Demonstrated skills in working effectively in teams at a high level of collaboration.
• Strong organizational, interpersonal and communication skills and the ability to convey complex data in an easy, concise, and simple manner.
• Self-starter and intellectually curious
• Computer proficiency with a strong working knowledge of the suite of Microsoft Office applications
• Proficient in Excel, including pivot tables and advanced modeling capabilities.

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

That awaits you

At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.

• Medical, dental, vision, life insurance and PTO (Paid Time Off)
• Retirement plans:
• 401(k) plan with generous company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.
• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
• To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $120,000 to $140,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!  
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

Application

We look forward to receiving your application.

Our Commitment to Diversity, Equity, and Inclusion:
Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We do not just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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.

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Location

655 Broad Street, NJ-07102 Newark