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PGIM Fixed Income - Specialist, Collateralized Loan Obligations (CLO) Product Management at Prudential

Posted in Accounting 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey

Job Description:

Opportunity Awaits
Are you looking to grow your career within Operations and deepen your understanding of financial services products under the Asset Management umbrella? Are you looking to diversify your skill-set by expanding your quantitative skills with a growing organization? Our Fixed Income Business Support team is seeking a Specialist, Collateralized Loan Obligations (CLO) to provide operational support to the Product Support Group.
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, London, Tokyo and Singapore. As of December 31, 2017, the firm has $709 billion of assets under management including $291 billion in institutional assets, $122 billion in retail assets, and $296 billion in proprietary assets. More than 500 institutional asset owners have entrusted PGIM Fixed Income with their assets.
Job responsibilities include:

  • Being the primary on-site business management point of contact for activities for each of the CLO’s supported by the CLO Product Management Team.

  • Having knowledge of CLO support and bank loans.

  • Reconciling holdings on a monthly basis between our internal record keeping system, CLO record keeping system and the Trustee for each deal.

  • Ensure that security data is up to date in our internal CLO record keeping system.

  • Working with the Trustees of each deal to verify the information in the Monthly Trustee Report that is provided to clients.

  • Calculating and verifying quarterly distribution payments made the Dryden CLO investors.

  • Performing Hypothetical Trade Tests and verifying the results with the Trustees on a day to day basis.

  • Assuming ownership for business support issues that are raised and providing resolution in a manner that is seamless regardless of which support areas are impacted.

  • Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported.

  • Developing an understanding of the fixed income trading business and using that knowledge in order to increase service levels.

  • Degree in Economics, Finance or Business preferred.

  • 2 to 3 years of related experience.

  • Outstanding academic achievement, extracurricular involvement, work experience and demonstrated leadership qualities.

  • Strong knowledge of fixed income products, investment strategies and derivatives preferred

  • Willingness and desire to learn and teach others.

  • Strong analytical and problem solving skills.

  • Self-motivation and ability to work within a team environment.

  • PC skills with strong knowledge of Excel.

  • Has an entrepreneurial spirit that is willing to take on additional responsibility quickly

  • Strong written and verbal communication skills.

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

  • Works well as part of a team.

  • Able to multi-task and absorb information across a broad spectrum of products.

  • Ability to organize, prioritize tasks and work in a deadline oriented environment.