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Associate Manager, Mutual Fund Administration at Prudential

Posted in Finance 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey





Job Description:

PGIM, the global investment management business of Prudential Financial, Inc., is one of the world’s leading money managers. With offices in 16 countries and over $1 trillion in assets under management, clients rely on our risk management expertise, intellectual capital and creative solutions to realize their investment objectives. We are passionate about delivering investment returns for our clients and dedicated to our greatest asset – our people.


 

At PGIM Investments, we consider it a great privilege and responsibility to help investors participate in opportunities across the global markets while meeting their toughest investment challenges. We offer a diversified suite of actively managed funds across a broad spectrum of asset classes and investment styles, with over $95 billion in assets under management.


 

This is an Associate Manager position in the mutual fund valuation team. The position includes supervising  the mutual fund fair valuation process and closely working with the accounting agent as well as sub-advisers. Responsible for daily pricing of halted/suspended securities as well as newly purchased fixed-income instruments. The Associate Manager role also includes but is not limited to review and oversight of significant price movements of securities, unchanged prices, trade activity compare to third-party evaluations and derivative transactions. The Associate Manager will be expected to communicate with various internal & external associates and vendors when determining appropriate valuation methodologies in accordance with Board approved valuation procedures. In addition, the Associate Manager will supervise, train and develop pricing associates.


 
 

 

• Bachelor's degree in Finance or Accounting  
• 2-3 years-experience in a securities valuation supervisory role  
• 5+ years-experience in performing valuations of securities and ASC 820 reporting requirements 
• Solid knowledge of equity, fixed income and derivative instruments 
• Strong communication skills, both verbal and written 
• Ability to effectively multi-task
• Strong analytical and problem-solving skills  
• Strong Excel and PowerPoint knowledge