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PGIM Real Estate – Investment Associate (Sustainable Investing, Private Credit)

Website Prudential Financial Investment Management (PGIM)

Asset Manager

Job Classification

Investment Management – Investments

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 Sustainable Investing team with PGIM Private Alternatives is seeking an Investment Associate in their Newark, NJ or  New York, NY office. 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 team’s 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 participate from the start 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

  • Bachelor’s Degree and 4+ years relevant work experience in private credit investments (investment analysis, structuring, negotiation, or financial advisory)
  • Strong background in financial analysis, asset/portfolio management, and deal structuring and a passion to invest in further developing these skills.
  • Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously in a fast-paced environment with shifting priorities; a curiosity about and interest in navigating sometimes ambiguous-yet-to be fully defined opportunities.
  • Strong underwriting skills with a firm understanding of risk/reward relationships. 
  • Solid communication and presentation skills, the ability to articulate points of view, strategies, results etc. clearly and credibly.

What will set you apart?

  • Progress toward the CFA or an advanced degree
  • Experience in private alternative assets and sustainability
  • Passion for sustainable investing and creating social and environmental outcomes through investments.
  • Strong interpersonal skills, the ability to maintain close key relationships with clients, consultants, partners, and other market participants. Ability to build relationships with local and global stakeholders, within business and across functional groups.
  • A comfort with and appreciation for operating in a team environment and building a positive and supportive culture.
  • 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 $105,000 to $130,000. 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 estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.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 don’t 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.

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

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

People With Disabilities

If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.