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Prudential Ins Co of America PGIM Private Alternatives - Senior Associate (Private Credit/Sustainable Investing) in Newark, New Jersey

Job Classification:
Investment Management - Investments
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, were always looking for ways to improve financial services. Were 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, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!
If youre not afraid to think differently and challenge the status quo, come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.
At PGIM, You Can!
What you will do
The successful candidate will join the Sustainable Investing team at PGIM Private Alternatives. They will focus on making new private credit investments, managing the existing general account assets in private credit and private equity, and new sustainability focused market rate product development for third party clients.
The Sustainable Investing Team is positioned to be a growth engine for PGIM Private Alternatives. A primary goal for the teams future capital deployment is to generate proof of concept portfolios for new product development. The proof-of-concept portfolio is intended to be a pre-requisite to a fund launch and the investment associate will have an exciting opportunity to work on the ground floor of an innovative strategy.
What you can expect
Assist senior team members in managing the GA IRI Private Equity and Credit existing portfolio ($700M AUM invested across sustainability, financial inclusion, and education & workforce development impact themes) including direct and fund investments - quarterly reporting and creation of dashboards as needed, managing modifications, monitoring performance, and recommending corrective measures, representing IRI on LPAC meetings as assigned.
Assist in performing all aspects of new investment sourcing, due diligence, deal structuring, modeling, preparation of investment committee material, deal execution and investment reporting.
Support new product development activities with a near term focus on private credit (corporate) and ABS sustainable products create pitch decks, perform research, motivated to contribute to the development of new investment product theses.
Develop domain expertise in assessing technology driven business models across sustainability (energy transition/decarbonization in the built environment and mobility).
Maintain relationships with fund managers, co-investors, co-lenders, management teams and other stakeholders.
Assist senior team members in managing SMAs and strategic financial services investments on behalf of Prudential International Insurance.
Assume responsibility for maintaining impact measurement frameworks and metrics across the portfolio.
What you will bring
Bachelors degree and5-6 years of experience in investments (investment analysis, structuring, negotiation, or financial advisory).
Experience with private credit investments is required
Strong background in financial analysis, asset/portfolio management, and deal structuring and an enthusiasm to invest in further developing these skills.
Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously.
Strong underwriting skills with a firm understanding of risk/reward relationships.
Strong communication and presentation skills, the ability to articulate points of view, strategies, results etc. clearly and credibly.
What will set you apart?
Passion for sustainable investing and creating social and environmental outcomes through investments.
Progress toward the CFA or an advanced degree
Background/experience in private alternative assets and sustainability
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
What we offer you
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 $130,000 to $150,000. 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.
About PGIM Real Estate With $208B in gross assets under management and administration ($131B net), PGIM Real Estate provides investors and borrowers access to a range of real...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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