PGIM Senior Director, Product Development - Public & Private Fixed Income ( Hybrid/ Newark, NJ)

Prudential Financial • Newark, NJ

5d • Hybrid

About The Position

We are seeking an individual to join our growing Product Development team. Our team manages the product development lifecycle for PGIM and plays a critical role in creating, structuring, and delivering innovative investment strategies (public and private) to global investors across all channels (including retail, institutional, insurance and private wealth). This role will co-lead the strategic initiatives, primarily focused on creating, structuring and delivering innovative private credit and public fixed income investment solutions for the institutional channel. The individual who fills it will have an immediate impact, leading the implementation of new fund launches and creation of innovative fund structures. This individual will play a key role in driving the growth of PGIM’s alternatives efforts globally, by having a deep expertise on the current investment vehicle structure landscape and translating this knowledge to help design competitive products. This person will partner cross-functionally with the investment, distribution, marketing, legal, tax and business operations teams, including senior leadership and executive stakeholders. Strong analytical skills, experience in the asset management industry and the ability to independently drive product-related initiatives are a must. Leadership with humility, detail-orientation, clear communication, and teamwork will be critical characteristics necessary to succeed in this role. This position reports to the Head of Institutional and Non-US Product Development for PGIM based in Newark, NJ following a hybrid schedule ( 3 days in the office) . The individual to fill the role will be expected to manage a small team and co-lead all institutional product development efforts across public & private fixed income alongside a Europe-based colleague. This is an excellent opportunity for someone with strong investment product experience who is very motivated to learn/get exposed to the wide breadth of business and strategy of the PGIM organization.

Requirements

• Minimum of 11 years relevant experience required in the asset management industry and preferably in the private credit and fixed income market, and related vehicle structures
• Capacity to handle multiple projects simultaneously; strong execution and follow through skills in a fast-paced environment
• Intellectually curious, goal-oriented individual, self-starter with a bias toward action and a commitment to work with integrity to deliver high quality results
• Ability to manage ambiguity, solve complex problems, propose workable solutions and distill complex information into simple, clear, communication format
• Strong analytical, problem-solving, highly organized with strong attention to detail
• Clear communication (written and verbal) with proven ability to easily collaborate with all levels of the organization
• Ability to work independently and build partnerships across all levels of the organization
• Proficiency in full Microsoft suite

Nice To Haves

• Experience launching new funds from start to finish
• General familiarity with rated feeder structures
• Familiarity with PGIM’s competition in the private credit and fixed income space
• Self-starter, efficient and flexible to meet and work within time-sensitive deadlines
• Excellent interpersonal skills, written and verbal skills, attention to detail
• Ability to plan, prioritize and manage multiple complex initiatives at different levels of granularity
• Team player; must be able to establish and maintain effective, cooperative working relationships with all departments and organizational levels

Responsibilities

• Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring strategies to market that continuously meet evolving client needs
• Oversee and execute cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out
• Partner with the investment teams, legal and tax counsel to define structuring for private products (covering closed-end, open-end and evergreen structures)
• Lead cross-functional activities related to the design and launch of new alternative investment products
• Manage product pipeline content and meet with internal stakeholders to communicate new activities
• Act as subject matter expert for the firm on the PGIM Public & Private Fixed Income commingled funds platform, key fund structuring concepts, distribution markets and channels globally, and the impact of local regulations; leverage knowledge to support innovation
• Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements

Benefits

• 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), after one year of service.
• 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed