PGIM Private Capital | Treasury Director, Alternatives at Prudential Ins Co of America in Chicago, Illinois

Job Description:

Job Classification:

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

At PGIM Private Capital, 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.

Our Role:

The Fund Operations team is a unit within PGIM Private Capital responsible for the financial oversight and reporting of multiple credit fund strategies and their limited partnerships. Currently, the team is responsible for five mezzanine funds, one mezzanine energy fund and one Direct Lending fund (and associated separate accounts). The limited partners within these funds include subsidiaries of Prudential Financial Inc. along with unaffiliated U.S. and non-U.S. institutional investors including public and private pension funds, other insurance companies, sovereign wealth funds and family offices.

The team is seeking a Treasury Director.  This position will be the first hire focused solely on the Treasury function and will serve a critical role as part of a global, collaborative, and dynamic team. This position is in Chicago and will report to the team’s Chief Financial Officer (CFO).  Minimal travel will be required.

Your Impact:

• Lead all day-to-day aspects of the fund debt facilities (subscription lines and asset-backed / leverage lines)


• Prepare, maintain, and submit all schedules / reports required under credit agreements


• Monitor compliance to debt covenants / restrictions / thresholds


• Manage treasury communications with the Investment, broader Operations and Trade Management teams


• Coordinate foreign currency hedging transactions and reconcile transactions and outstanding forward contracts with hedge counterparties 


• Assist with rating agency review and monitoring process through direct interactions with multiple rating agencies


• Manage bank account opening process, including KYC requirements


• Review and understand how the changing needs of the business and future growth will impact the Treasury function with respect to people, processes, and technology


• Communicate treasury activities effectively with internal and external stakeholders 


• Assist the Fund Operations team in periods of peak demand

Your Required Skills:

• Must have 10+ years of experience in a Treasury role either with a private debt or equity firm or within underwriting fund debt facilities at a bank


• BS/BA degree in Accounting, Finance or related discipline required. 


• Ability to convey sense of urgency and to work productively with both internal and external business partners (Prudential Enterprise, investment professionals, banking partners, etc.)


• Strong organizational skills including the ability to adapt to changing circumstances and adjust priorities as needed


• Superior analytical skills, accuracy and careful attention to detail are essential


• High-energy person who brings positivity, geniality, and optimism to work


• Critical thinking and problem-solving experience required

Our Culture:

PGIM is proud of its distinctive and inclusive culture, with a sound reputation for the pedigree and professionalism of its employees. PGIM has a feeling of quality and stability, but at the same time it is forward-thinking and evolutionary in its approach. Employees have a unique opportunity to build their career path by owning their development, their career and their future. As a result, staff turnover is particularly low, and leadership is dedicated to growing talent at all levels within the organization.

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 call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.