Newark, NJ, USA
18 days ago
PGIM Private Alternatives - Associate, Product Specialist/Business Development

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

We are seeking an Associate to join our Product Strategy and COO, Business Development team. In this role, you will be an integral part of the team by supporting the day-to-day management of the sales team, assisting with fundraising efforts, performing market research, working on product development initiatives, and coordinating key stakeholder reporting efforts.

These responsibilities will provide you with exposure to PGIM and the asset management industry and you will develop a broad knowledge of private real estate, alternatives products, institutional investors and consultants, and the marketplace.

 

What you can expectPrepare research on alternative investment market segments, investor channels, competitors, and other business items on an ongoing basis. Maintain up-to-date knowledge and resource center regarding key competitive products, strategies, and market intel and share conclusions and insights with broader business development and investment teamsDevelop strong understanding of PGIM Private Alternatives’ product set and business, and prepare competitive analysis for PGIM Private Alternatives’ productsCreate presentations, financial models, and benchmarking analyses to support new product and/or business initiatives, and ongoing fundraising initiativesAssist with administration and management of Business Development team’s annual goal planning cycle from development phase to tracking progress throughout the year, including activity metrics. Interpret results and communicate updates and forecasts with internal stakeholdersProvide input on initiatives pertaining to CRM, data room/investor portal, and all tools/processes that support the fundraising process and investor relationsAssist the Business Development team with ongoing client/consultant management and fundraising efforts including, but not limited to, organizing client sales and review meetings, diligence meetings, and property tours and helping with roadshow planning and preparationWhat you will bringBachelors Degree and minimum of 4 years of relevant experience in asset management, institutional sales, client relationship management, or investments required; preferably related to private real estate and private credit investment marketsExemplary written and verbal skills to be able to effectively communicate messages and updates to senior managementAdvanced technical skills required in full suite of Microsoft products, notably Excel, PowerPoint, and WordExperience with Salesforce and Tableau, as well as business intelligence resources such as Preqin, Pitchbook, With Intelligence, eVestment, MMD

What will set you apart?Series 7 and 63 licenses are preferred; if not currently licensed you will be required to obtain the requisite licenses within 12 months of taking the positionCapacity to handle multiple projects simultaneously; strong execution and follow through skills in a fast-paced environmentIntellectually curious, goal-oriented individual, self-starter with a bias toward action and a commitment to work with integrity to deliver high quality resultsAbility to balance between working in a highly regulated industry while still identifying opportunities for process improvements and efficiency initiativesDemonstrated discretion and professionalism when working on sensitive business and organizational issues; impeccable judgment to handle sensitive informationDetail-oriented with the ability to look holistically at details sourced from many different resourcesAbility to work independently and to orchestrate work with other 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.

What we offer you

Medical, dental, vision, life insurance and PTO (Paid Time Off)Retirement plans:401(k) plan with generous company match (up to 4%)Company-funded pension planWellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needsWork/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

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 $120,000 to $140,000. 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.

About PGIM Private Alternatives PGIM Private Alternatives manages $319 billion gross aum/aua in private alternatives strategies across private credit, real estate, agriculture, sustainable investing, infrastructure, and private equity. These strategies are managed by PGIM Real Estate (est. 1970), PGIM Private Capital (est. 1925) and Montana Capital Partners (est. 2011).

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you will find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

Our Commitment to Diversity, Equity, and Inclusion

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

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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 email accommodations.hw@prudential.com.

Please note that the above email is 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.

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