Overview
About PGIM Private Capital
At PGIM Private Capital, expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of forward-thinking, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
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
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.
Our Vision
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.
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.
Job Responsibilities
The Fund Operations team is a unit within PGIM Private Capital responsible for the financial oversight and reporting of multiple credit fund strategies and their limited partnerships. Currently, the team is responsible for five corporate Mezzanine funds, two energy Mezzanine funds and two Direct Lending fund complexes (and associated separate accounts). The limited partners within these funds include subsidiaries of Prudential Financial Inc. along with unaffiliated U.S. and non-U.S. institutional investors including public and private pension funds, other insurance companies, sovereign wealth funds and family offices.
The Mezzanine strategy within PGIM Private Capital is responsible for originating, underwriting and managing a portfolio of privately placed mezzanine and structured equity investments with a specific focus on middle market companies. Due to the strong performance of its track record coupled with growing transaction flow, PPC closed on its sixth third-party corporate Mezzanine fund, PGIM Capital Partners VI (PCP VI), and is currently fundraising its second third-party energy Mezzanine fund, PGIM Energy Partners II (PEP II). The Mezzanine Fund Operations Analyst hired for this role will be expected to play an integral role in continuing to grow the strategy.
What you can expect
- Prepare financial documents for Mezzanine private investment funds
- Assist in the preparation and review of investor communications including capital activity and quarterly reporting
- Maintain accurate performance measurements that will be presented to PPC leadership for regular reporting and analysis updates
- Provide cash management support through cash analyses for deal fundings, subscription line borrowings / repayments and capital call needs across various fund entities
- Implement cash settlements for expense invoices, forward contract settlements and transfers between entities to position cash for deal fundings
- Effectively manage monthly deliverables across various internal and external teams
- Proactively manage and complete ad hoc initiatives and projects
- Proactively and accurately track organizational expenses in support of fundraising efforts
- Communicate with investment companies, fund managers, service providers and investors
- Join a global operations team by working with staff located in Chicago, Newark and Ireland
Qualifications
What you will bring
- 1 to 3 years of accounting, audit, tax, fund administration, or operations experience in financial services
- Ability to understand and analyze basic accounting and finance principles
- Strong presentation, written communication and interpersonal skills with exposure to all levels of management
- Superior analytical skills, accuracy and careful attention to detail are crucial
- Energetic person who brings positivity, geniality and optimism to work
- Critical thinking and problem-solving experience required
What will set you apart
- Experience with financial statement preparation and accounting guidelines
- Previous exposure with private credit and/or private equity funds
- An understanding of how book, tax and cash accounting is treated throughout the life of a fund
How to Apply
Please apply through Prudential's online application and click HERE to email Max Bernard (Illinois '11) to share your resume and affiliation with Evans Scholars. Dan Puglisi (Sr. Director, Career Services) is copied on the email to provide any additional support.