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Manager, Private Credit Trade Operations - PGIM Private Capital

PGIM Letterkenny, Ireland
Posted 3 days ago Hybrid Permanent Competitive
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

Our PGIM Private Capital (PPC) Trade Operations team is looking for a highly motivated individual to support PPC's Private Credit investment business. This includes support for Traditional Private Placements and Direct Lending Loans. This Manager will support our European deal teams as they originate, close, and fund new Private transactions and will play a key liaison role with investment teams, attorneys, banks, and private issuers.
You will navigate the closing process for certain transactions and escalate issues with Europe based investment teams, banks, FX providers, and Operations teams in the U.S. Positioning cash relating to currency needs and navigating local market settlement requirements are part of the critical activities. In addition, leading and being a mentor, manager, and resource to more junior team members is part of the role. Overseeing team members who initiate loan closing activities and apply and reconcile incoming funds is also a focal point of this leadership position. The ability to navigate complex settlement activities with the banking community and borrowers is important.

PGIM Private Capital is responsible for underwriting, originating, and managing a portfolio of privately placed debt and leveraged loans for middle market issuers. Annually our London, Paris, Frankfurt, Madrid, and Milan investment teams close more than 2.5 billion (USD Equivalent) in private credit transactions. This activity is the focus of the lending activities supported by the Manager. In addition, globally PPC manages ~$100 billion of assets and the staff on this team will be accountable for certain cash control, and reconciliation efforts across the global portfolio.

What you can expect
  • The lead local presence in Letterkenny linked to our Operations team in the U.S.
  • Provide day to day support to European based Investment teams, attorneys, and other business partners.
  • Relationship Manager to banks involved in the funding and settlement of private lending transactions in Europe.
  • Assist with the execution of transactions by tracking upcoming deal closings and managing the funding & cash positioning processes.
  • Review and approve funding and cash movements, trade settlement and notifications while ensuring all parties understand their role, responsibility and or timing.
  • Manage a team of individuals that will reconcile cash from the banks to the bond and loan portfolio. This team may also perform bank loan servicing on a subset of the portfolio.
  • Provide technical support to staff in researching discrepancies and determining solutions.
  • Establish and manage cash controls, research and or resolve tactical issues while escalating to US Operations team where appropriate.
  • Integrate current Standard Operating Procedures with new product launches including new banks, systems and or reporting requirements.
  • Liaise with internal and external auditors and ensure documentation in in place to comply with enterprise and departmental standards.
What you will bring
  • 8+ years in the banking and financial services industry with knowledge of European markets.
  • Bachelor undergraduate degree (all subjects areas considered)
  • Previous exposure with Traditional Private Placements and Direct Lending assets and funds.
  • Previous exposure with Private Credit systems such as Wall Street Office.
  • Experience with local securities settlement platforms such as Euroclear and local European markets.
  • Experience in managing a staff while providing development and feedback.
  • Strong PC skills, including extensive knowledge of Microsoft Suite, specifically EXCEL.
  • Excellent communication and analytical skills
  • Ability to convey sense of urgency and to work productively with both internal and external business partners.
*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
  • Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
  • Annual Leave of 23 days at full pay.
  • Pension Scheme: Members of the scheme can contribute up to 6% of salary per annum and PGIM Ireland matches contributions up to 6% of salary. Members can also make voluntary contributions to the scheme.
  • Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
  • Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee's salary.
  • Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.
About PGIM Private Capital
PGIM Private Capital is the private capital investment arm of PGIM and one of the largest private debt investors in the world across more than 1,000 companies globally. PGIM Private Capital invests annually in privately placed senior and mezzanine financings with middle-market companies. Our expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield, and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.
Learn more about PGIM Private Capital
-PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants' gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.

Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.

PGIM Ireland has been awarded the IBEC Keep Well Accreditation Mark, this is in recognition of our commitment to making our employees wellbeing a priority.

Job ID  R-116605
ABOUT COMPANY
London, United Kingdom
Asset Management
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to ...
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