PGIM Fixed Income - Analyst, Corporate Actions (Hybrid/Newark, NJ)

Job Classification:

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 Global Trade Services group is seeking a Corporate Actions Analyst to join their growing team. The Corporate Actions Analyst is responsible for supporting Fixed Income Corporate Actions activity.  Primary responsibilities include coordination with custodian banks to ensure receipt of corporate action events, soliciting corporate action elections from portfolio managers, preparing broadcast notifications of election decisions, tracking and monitoring pending corporate actions, and processing events in the applicable trading system, coordinating with securities lending counterparties related to corporate actions on loan, dividend monitoring and collection. 

What you can expect

• Review and develop departmental policies, guidelines and procedures as they relate to corporate actions. 

• Enhance efficiencies, mitigate risks and increase controls. 

• Effectively partner with portfolio managers, counterparties, vendors, legal department, credit research, pricing, compliance, transfer agents, issuers and custodian banks. 

• Function as the "technical" expert in their assigned area.

• Occasionally serve as member of a project team. 

• Day-to-day resolution of complex problems, and the execution of complex transactions.

• Communicate with custodians to resolve issues and improve service levels.

• Have extensive knowledge of the product/asset class involved in corporate actions, and securities lending.

• Anticipate issues that may adversely affect Operations and propose possible solutions.

• Cultivate internal and external relationships to ensure proper service levels are achieved.

• Keep abreast of industry initiatives and market trends that can impact the business model and/or offer opportunities to improve processes.

What you will bring

• Bachelor’s degree in Economics, Finance or Business preferred, but not required.

• 2-5 years of Corporate Actions experience is preferred, but not required.

• 2-5 years of Investment Operations experience is required.

• Strong knowledge of fixed income products, investment strategies and standard market practices.

• PC skills with strong knowledge of Excel and Bloomberg.

• Extremely detail oriented, ability to organize, prioritize tasks and work in a deadline focused environment.

• Enjoys a fast-paced, high-intensity environment.

• Strong written and verbal communication skills.

This role will follow a hybrid model schedule (few days from Newark office and few days remote). Dependent upon the business, flexible work schedules are necessary to provide operational coverage to our business partners from 7:00 am to 8:00pm. This position also requires working over-time during peak periods.

*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 $90,000 to $105,000. 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 Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $744bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.