Job Classification:
Investment Management - Investments
What you will do:PGIM is seeking an organized and analytical professional to conduct surveillance of Asset Backed Finance ("ABF") assets. This individual will work alongside the research teams to track transaction performance across all ABF investments and escalate situations where performance deviates from expectations. This cross-transaction generalist role will also partner with technology teams to improve automated surveillance coverage. The role offers exposure to the full spectrum of PGIM's ABF investments and a direct view into the investment process, making it a strong platform for growth.
What you can expect:- Monitor ABF transactions at the deal level, assessing performance against structural features and against PGIM's underwriting assumptions.
- Track collateral performance trends against underwritten credit assumptions and translate loan-level performance into deal-level implications.
- Follow and interpret transaction events, such as amendments, restructurings, servicer changes, etc., and communicate the credit impact.
- Produce concise surveillance summaries that highlight performance trends, and forward-looking considerations to inform portfolio reviews; handle ad hoc surveillance requests as they arise.
- Partner with the ABF Deal Team to develop and standardize issuer reporting packages, closing gaps where current reporting is inconsistent or insufficient for effective surveillance.
- Partner with the technology team to improve automated surveillance coverage and strengthen escalation and monitoring practices across the ABF platform.
- Engage with external parties to obtain and interpret transaction-level information, and support portfolio reviews, risk discussions, and internal inquiries with clear, analysis-driven insight.
- Identify and escalate collateral-integrity or cash-reconciliation anomalies, such as unexplained variances between reported and expected collateral or cash, that may signal fraud, double-pledging, or other data-integrity risk.
What you will bring:- Bachelor's degree required
- 5-10 years of relevant experience in securitized products with exposure to a wide range of asset classes.
- Demonstrated ability to monitor securitized products performance at the deal level and loan level.
- Experience reviewing periodic transaction reporting, which includes periodic trustee reporting and ongoing miscellaneous deal notices
- Strong understanding of Intex and Bloomberg
- Programming and data visualization skills required, with the ability to leverage AI to build efficient systems that analyze both existing datasets (e.g., Bloomberg, Intex, dv01) and bespoke issuer reporting not captured by traditional databases
- Detail-oriented and analytical, comfortable managing a steady calendar of recurring surveillance deadlines.
- Excellent communication skills, with the ability to articulate performance views clearly to portfolio managers, traders, research colleagues, and other stakeholders.
- Ability to work independently and collaboratively across teams.
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through three weekly anchor days.
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 $170,000.00 - $180,000.00 USD. 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.
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What we offer you:- Market competitive base salaries, with a yearly bonus potential at every level.
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
- 401(k) plan with company match (up to 4%).
- Company-funded pension plan.
- Wellness Programs 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 and mental health, and career development.
- 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).
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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
If you are experiencing a technical issue with your application or an assessment, please email
[email protected] to request assistance.
