PGIM - Senior Investment Associate (Asset Based Finance)

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 a highly motivated Senior Investment Associate to join our Asset Based Finance (ABF) investment team.

The Sr. Associate will play a key role in supporting 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 is a highly visible role offering broad exposure across the entire investment lifecycle and the opportunity to work on complex, market-leading transactions. The successful candidate will partner directly with senior investors, gain meaningful transaction responsibility, and contribute to investment decisions that drive the growth of a dynamic and expanding ABF platform. 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 4+ years of experience in private credit, leveraged finance, structured credit, investment banking, or related investing roles   Strong credit underwriting skills with hands-on experience analyzing corporate borrowers, structured transactions, and/or asset-backed portfolios and executing deals across the full transaction lifecycle, from underwriting and structuring through documentation and closing.

Demonstrated experience building and interpreting financial models, including cash flow analysis, scenario modeling, and downside stress cases   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   What will set you apart:   Exposure to asset-based finance or securitized products   Advanced degree (MBA) or progress toward CFA is a plus   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   Excellent wr