PGIM Quantitative Solutions - Investment Operations Associate
Pgim
Manage trade processing, resolve discrepancies, handle corporate actions, support ops.
9 days ago ago
$60,000 - $70,000
Intermediate (4-7 years), Experienced (8-12 years)
Full Time
Newark, NJ
Office Full-Time
Company Size
10,000 Employees
Service Specialisms
Investment Management
Real Estate
Private Equity
Fixed Income
Public Equity
Asset Allocation
Risk Management
Alternative Investments
Sector Specialisms
Industrial
Energy
Infrastructure
Buildings
Residential
Commercial
Water Resources
Heavy Civil
Role
What you would be doing
nav reconciliation
trade discrepancies
trade settlement
trade processing
order management
cash posting
- Monthly Nav reconciliations to Fund Accountant or Custodians
- Review and resolve trade discrepancies with brokers and custodians, gain agreement on all trade details (financial info as well as settlement info)
- During peak periods, the individual may be required to work after regular hours to get the job done
- Ensure all trades are settled by market deadlines on settlement date, with particular emphasis on sensitive markets and short-settlement trades.
- Build and maintain collaborative relationships with internal and external parties
- Day-to-day management of the trade processing workflow
- Handle incoming email issues; resolve or route accordingly
- Follow-up on issues as related to assignments
- Monitor all trade processing in our Trade Order Management system
- Confirm any necessary adjustments/corrections with Traders and process trade corrections as needed
- Assist with ad hoc projects
- Post all cash adjustments and flows accurately and timely based on days cash package reconciliations.
What you bring
ms excel
bloomberg
ba/bs
power bi
quantitative
1-2 years
- Proficient in MS Excel, with an ability to learn new systems
- Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work
- Basic Bloomberg knowledge
- BA/BS degree, preferably in Finance/Economics/Accounting
- Excellent time management skills; work efficiently under the pressure of deadlines
- 1– 2 years of related experience in the accounting/operations area of the investment management industry preferred
- Excellent communication skills both verbal and written
- Quantitative/Analytical skills
- Detail Oriented
- Preferred knowledge of various AI platforms (Power BI, Co-Pilot, others)
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
- Market competitive base salaries, with a yearly bonus potential at every level.
- 401(k) plan with company match (up to 4%).
- Company-funded pension plan.
- Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
Information not given or found
Interview process
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Visa SponsorshipInformation not given or found
Security clearanceInformation not given or found
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Company
Overview
- Founded as the asset management arm of Prudential Financial, it has grown into one of the world’s largest investment managers.
- With a strong presence in over 30 countries, it offers a wide range of investment strategies across equity, fixed income, real estate, and alternative investments.
- Its expertise spans from commercial real estate to renewable energy investments, targeting sectors with high growth potential.
- It is known for its data-driven approach, leveraging advanced analytics and insights to deliver superior results for its clients.
- Its diverse portfolio includes projects in infrastructure, energy, residential and commercial properties, and more.
- The real estate division is particularly noted for its global reach, managing significant assets across North America, Europe, and Asia.
- The firm is also making significant strides in alternative investments, focusing on private equity, hedge funds, and other non-traditional asset classes.
- With a blend of traditional and innovative investment strategies, it delivers tailored solutions designed to meet the needs of institutional investors, pension funds, and individual clients.
- Trust
- Respect
- Equity
- Meritocracy and diversity of thought, perspective, and experience
Net Zero by 2050
Operational Carbon Emissions Target
Committed to achieving net zero operational carbon emissions by 2050, demonstrating long-term sustainability goals.
50% Emissions Reduction
Building Emissions Target
Aligned with ULI Greenprint goals, aiming to reduce building emissions by half by 2030.
- Headquarters LEED Gold certified with rainwater retention, rooftop garden, green walls, and EV charging stations.
- Signatory of UN PRI since 2009 and joined GRESB in 2013.
- Engaged Verdani Partners for global ESG consulting.
58% employees globally
From Under-Represented Groups
A significant portion of the company's global workforce is comprised of individuals from under-represented groups, reflecting a strong commitment to diversity.
29.9% senior roles held by women
Women in Leadership
Women occupy nearly 30% of senior roles globally, indicating progress toward gender parity in leadership positions.
41.8% female employees globally
Gender Representation
Just over 40% of the company's global workforce identifies as female, showcasing a balanced gender distribution.
Five‑pillar DEI strategy
Comprehensive DEI Approach
The company has implemented a five-pillar strategy covering Talent, Culture, Industry, Investing, and Community to advance diversity, equity, and inclusion across all aspects of its operations.
- Ron Andrews DEI Scholarship launched in 2020 for students from under‑represented backgrounds
- PGIM is among first 25 signatories to USA & Canada DEI Code and has also signed the UK DEI Code
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