PGIM Private Capital – Investment Operations Manager

PGIM Private Capital – Investment Operations Manager

Requirements

• 5+ years of relevant experience in banking or investment operations
• Experience managing direct reports is required
• Strong attention to detail and problem-solving skills

Responsibilities

• Managing daily production – cash forecasting, cash positioning, third party coordination
• Foreign currency monitoring and bank account reconciliation- liaising with Private Accounting & Pru Global Funding; reviewing FX conversions, bank account overdraft charges/fees
• Daily end of day reconciliation to ensure all deliverables have been met and/or processed, a crucial audit requirement
• Tracking reportable expense payments and ensuring proper documentation is received to comply with IRS requirements
• Serving as a liaison between our business partners and the various banks
• Participating in UAT testing and reporting findings for internal system releases (PPC Systems, GTreasury, Loan Connect)
• Ensuring our monthly performance metrics are captured accurately in the KIR
• Confirming documentation meets audit standards
• Oversee and approve Daily cash reconciliation of third-party bank accounts (*PPC as the investment manager)* to ensure all principal & interest activity has been posted for shadow recordkeeping purposes.
• Approving withdrawals and deposits for new and existing private placement notes and maintaining a constant awareness and responsible approach due to the time sensitive nature related to these notes – this includes ensuring bond powers are created and executed where required.
• Approval of monthly custody reconciliation reports for third-party custodial accounts (*PPC as the investment manager)* that are used to reveal any holding breaks between the Bank, PAM, and Custody Log.
• Weekly review of Corporate Action activity and actioning when applicable
• Approval of CUSIP changes and custody related activities (including re-registrations from asset transfers, participations, electronic trades settling via DTC, CDS, Euroclear, Iberclear, Monte Titoli, etc.)
• Documentation / Records Retention – ensure all cash & custodial activity has been documented

Preferred Qualifications

• Experience using Bank Systems, PAM, Excel, Word, Adobe & Cognos preferred
• High level of self-motivation
• Excellent communication and analytical skills
• Familiarity with wires (USD/foreign currency/swift messages)
• Ability to multi-task during high volume periods
• Ability to manage multiple priorities, work independently and interact effectively with team members and other internal/external partners