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PGIM Operations - Senior Investment Operations Associate

Company: PGIM
Location: Newark
Posted on: November 22, 2021

Job Description:

Job Classification:Investment Management - Investment OperationsPrudential Financial, Inc. (NYSE: PRU) has 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.PGIM Plan Accounting Investment Operations is an integral component in the support of PGIM and Group Insurance businesses and their clients' investments in separate accounts and trust vehicles. The Senior Investment Operations Associate position provides an opportunity for cultivation of leadership skills. Talent is treated as a strategic differentiator and Plan Accounting is committed to attracting, engaging, developing, retaining, and actively managing a diverse and high-quality talent pool for the organization. Positions in Plan Accounting provide the opportunity to gain broad business knowledge by way of consistent exposure to a wide network of business partners. These include corporate and business functions such as Finance, Operations and Systems, Risk Management, Compliance, Audit, Product Development, Client Relationship Management and Actuarial Services as well as external banks and financial companies. Under the guidance of their supervisors, Senior Associates are empowered to immediately contribute in a meaningful way, add significant value to organization initiatives and effect change.Senior Investment Operations Associate is responsible for, but not limited to, the following functions:

  • Reviewing, Supporting, monitoring and calculating unit values for the investments we support
  • Transfer agency services including asset to liability reconciliations and investor share ownership
  • Review of client level commingled asset and investment reports, 5500/Schedule C and regulatory reporting
  • Calculation, invoicing, and collection of fees related to Investment management services and administration
  • Transaction processing including client contributions, withdrawals, and bank account monitoring
  • ORACLE accounting entries and ledger revenue reconciliations
  • Asset Manager relationship management and cashflow forecasting
  • Client order processing including exchanges and withdrawals; NSCC trading
  • Support of new fund development, set ups and closings
  • Bank Oversight and Related Reconciliation/Reporting Functions
  • Portfolio and Client level transition events (ie. securities in-kind transfers, manager replacements, etc)
  • External and Internal audit review and support; Client service support
  • Participate in various analysis and special projectsCandidates We Are Looking For:The ideal candidate is motivated, displays initiative, enjoys a challenge and is passionate about forging a meaningful career at Prudential.Additional qualifications include:
    • Bachelor's degree in Economics, Finance, Accounting or Business related preferred
    • 2-5 years of related work experience
    • Ability to understand and analyze basic accounting principles and financial statements
    • Ability to organize, prioritize tasks and work in a deadline oriented environment
    • Strong oral and written communication skills; ability to deal with associates at all levels within the organization
      • Demonstrated leadership skills
      • Strong analytical and problem solving skills
      • Intermediate to advanced proficiency with Microsoft Excel and Word 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 call (800) 433-8960, prompt 4 or email accommodations.hw@prudential.com .Please note that the above number and email are 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.

Keywords: PGIM, Newark , PGIM Operations - Senior Investment Operations Associate, Accounting, Auditing , Newark, New Jersey

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