Managing Director, ABF

Job Classification:
Investment Management - Investments

PGIM Fixed Income

Head of Private Asset-based Finance (ABF)
(Hybrid/Newark, NJ)

What you will do

This is a Managing Director level portfolio management role within the Securitized Products team at PGIM Fixed Income.

We are looking for a seasoned Private Asset-based Finance ("ABF") Portfolio Manager to help our team expand our existing private securitized credit franchise. The incumbent will report to the Co-Heads of Securitized Products and be integral in building out our ABF footprint. Incumbent will also be a key member of the team responsible for originating and recommending investments that are typically privately sourced across a range of asset classes such as consumer, commercial, corporate, real estate, and fund finance. PGIM Fixed Income strongly believes the integration of public and private securitized markets is critical to finding the best relative value for our clients. Thus, the incumbent will be fully integrated into our existing team of research analysts and portfolio managers.

This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely. Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week. Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).

What you can expect

• Have influence on the growth of our ABF team and overall business

• Work closely with the Securitized Products research team to assess collateral risks and underwrite potential investments including modeling, structuring, and transaction management

• Present investment thesis and positioning to clients and internal stakeholders

• Participate in the firm's marketing and fundraising efforts as needed

• Develop and maintain relationships with issuers, banks, funds, sponsors, and other buy side participants

• Influence the buildout of new technologies to facilitate portfolio management and underwriting processes - including systems from third party vendors

• This is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to Thursday

What you will bring

• 15+ years of Private ABF portfolio management and direct origination experience

• Proven track record of privately originated investments

• Proven track record of building a team and managing people

• Experience across consumer, commercial, corporate and fund finance

• Deep network of relationships with issuers, banks, sponsors, and funds

• Experience in managing forward flow agreements and establishing such arrangements

• Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences

• Ability to work well as part of a team and enjoy a fast paced, high intensity environment

• Strong communication and presentation skills

• BA/BS degree required (MBA, MS and/or CFA are pluses)

What will set you apart?

• Significant private ABF experience in sourcing transactions and establishing relationships with issuers, sponsors, banks, and other intermediaries

• Experience with structuring private transactions across US and Europe

• Track record of underwriting complex private debt transactions across market cycles in a variety of structures

• Ability to think creatively and help solve unique challenges that come from investing across different investor types (pension, insurance, sovereign wealth, ...)

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 [redacted] for more information about doing business with Prudential.

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