Job Classification:

PGIM, Quantitative Solutions Investment Operations Associate, Newark, NJ (Hybrid)

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!

What you will do

The associate will have daily contact with various operations groups within PGIM QS, as well as the portfolio management team. The associate will be dealing with sensitive cash data, which is critical to the decision making process of the portfolio management team. The job involves the completion of a cash and share package for each cash account the associate will be responsible for. Currently, Electra a reconciliation system is used for the completion of the cash and share reconciliation package. Associate will work closely with custodians and brokers to ensure all equity and FX trades settle properly within client accounts. 

What you can expect

• Day-to-day management of the trade processing workflow 
• Review and resolve trade discrepancies with brokers and custodians, gain agreement on all trade details (financial info as well as settlement info)
• Confirm any vital adjustments/corrections with Traders and process trade corrections as needed 
• Ensure all trades are settled by market deadlines on settlement date, with particular emphasis on sensitive markets and short-settlement trades.
• Handle incoming email issues; resolve or route accordingly
• Monitor all trade processing in our Trade Order Management system
• Post all cash adjustments and flows accurately and timely based on days cash package reconciliations.
• Build and maintain collaborative relationships with internal and external parties
• Follow-up on issues as related to assignments
• Assist with ad hoc projects
• Monthly Nav reconciliations to Fund Accountant or Custodians

What you will bring

• BA/BS degree, preferably in Finance/Economics/Accounting
• 1– 2 years of related experience in the accounting/operations area of the investment management industry preferred
• Proficient in MS Excel, with an ability to learn additional systems
• Basic Bloomberg knowledge
• Quantitative/Analytical skills
• During peak periods, the individual may be required to work after regular hours to get the job done

What will set you apart?

• Excellent communication skills both verbal and written
• Detail Oriented
• Able to work in a team environment while taking individual responsibility for the quality and accuracy of one's own work
• Excellent time management skills; work efficiently under the pressure of deadlines

PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career advancement of in-person work with colleagues through weekly anchor day(s). This position will work a hybrid schedule in our Newark, NJ office.

*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 $50,000 to $65,000. 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 Quantitative Solutions Group Our Business:  

PGIM Quantitative Solutions is the quantitative, multi-asset and liquid alternatives specialist of PGIM. For more than 45 years, PGIM Quant Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. PGIM Quant Solutions manages portfolios across equities, multi-asset and liquid alternatives and offers defined contribution solutions. For more information, please visit 

PGIM Quantitative Solutions  

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$1.27 trillion in assets under management as of June 30th, 2023 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 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.

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

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