PGIM: Investment Associate, Asset Based Finance (Hybrid/Newark, NJ)

Job Classification: Investment Management - Investments We are seeking a highly motivated Investment Associate to join our Asset Based Finance (ABF) investment team. The Associate will support senior investment professionals across the origination, underwriting, structuring, execution, and portfolio management of private credit investments. This individual will work closely with deal leaders to evaluate opportunities, conduct credit analysis, structure transactions, coordinate execution processes, and present investment recommendations to internal and external stakeholders. This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remote. What you can expect Perform detailed credit analysis of borrowers, collateral pools, transaction structures, and counterparties. Build and/or maintain financial models, cash flow analyses, stress scenarios, and sensitivity analyses. Conduct industry and market research to support investment decisions. Assist in developing investment theses and recommendations. Support deal leaders in structuring private credit and asset-based finance transactions. Coordinate execution workstreams across internal and external stakeholders. Manage transaction timelines, deliverables, and closing processes to ensure efficient execution. Prepare investment memoranda, underwriting materials, and presentation decks for internal approval processes. Present transaction analyses and recommendations to investment committees and senior management. What you will bring Bachelor’s degree in Finance, Economics, Accounting, or related field; advanced degree (MBA) or progress toward CFA is a plus 2+ years of relevant experience in private credit, leveraged finance, structured credit, investment banking, or related investing roles Strong credit underwriting skills with experience analyzing corporate borrowers, structured transactions, and/or asset-backed portfolios Demonstrated experience building and interpreting financial models, including cash flow analysis, scenario modeling, and downside stress cases Familiarity with private credit transaction structures and documentation; exposure to asset-based finance or securitized products is a plus Ability to evaluate complex deal structures, collateral pools, and legal frameworks with attention to detail Ability to manage multiple transactions and deadlines in a fast-paced environment Excellent written and verbal communication skills High level of intellectual curiosity, strong analytical mindset, and proactive problem-solving approach Collaborative team player with the ability to work effectively across internal teams and external partners PGIM welcomes all applicants, even if you don't meet every requirement Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $120,000 to $135,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also 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. 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. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 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. PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are 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. #J-18808-Ljbffr Prudential Annuities Distributors (PAD)