Associate Manager, Investment Operations – Direct Lending | PGIM Credit ( Hybrid/ Newark, NJ)
$100,000–$120,000 year
HybridNewark, New Jersey, United States
Job Summary
Manage the full lifecycle of loan servicing activities for the PGIM Credit Direct Lending platform, ensuring operational excellence and compliance across all transactions. Coordinate with deal teams, fund operations, and external banking partners to facilitate accurate and timely settlements, while tracking upcoming deal closings and managing the funding and hedging process. Review and validate closing documentation, including credit agreements and wire instructions, ensuring all trade and funding details are accurately captured in internal systems prior to settlement. Approve trade booking, new loan setup, and reconciliation of cash discrepancies, and maintain accurate records in Wall Street Office or equivalent loan servicing platforms. Navigate complex settlement activities with borrowers and the banking community, manage daily production including cash forecasting, and support system enhancements to increase efficiency. Serve as the primary relationship manager for fund administrators and third-party lenders, mentoring junior team members in a hybrid schedule based in Newark, NJ.
Required Qualifications
- 5+ years in the banking and financial services industry
- Bachelor undergraduate degree (all subjects considered)
- Familiarity with loan closing and servicing processes
- Strong attention to details
- Strong PC skills, including extensive knowledge of Microsoft Suite, specifically Excel
- Excellent communication and analytical skills
- Ability to manage multiple assignments and changing priorities
- Critical thinking and problem-solving experience required
- Ability to convey sense of urgency and to work productively with both internal and external business partners
- Previous exposure with direct lending and private credit funds is a plus
- Knowledge of Wall Street Office, Aladdin or other middle office systems is a plus
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