PGIM Fixed Income - Billing and AUM Reporting Specialist (Hybrid/Newark, NJ)

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 candidate to support the AUM (Assets Under Management) and Fee Billing team within PGIM Fixed Income. The candidate will focus on invoice calculation / preparation for third party institutional clients and AUM reporting for the business.

They will collaborate closely with various internal teams including Product Data, Client Management, Operations, and Finance.

The role will enable the candidate to deepen their understanding of fee and revenue calculation, data management & governance, financial reporting, and fixed income products.

What you can expect

Review investment management agreements to determine appropriate fee terms and calculations to be applied to client invoices.

Set up new accounts in the Envestnet Revenue Manager system according to contracted fee terms, which enables accurate invoicing and revenue accounting.

Develop models to be utilized for custom performance-based fee calculation agreements.

Partner with account managers to address and resolve client inquiries related to their fees.

Support completion of the annual SOX audit by gathering sample information and answering inquiries for our external auditor.

Support the management of AUM data, which is the foundation of reporting used for financial planning, marketing materials, senior management updates, and regulatory submission requirements.

Ensure appropriate AUM mandate classification across a variety of qualitative attributes such as investment strategy, plan type, account type, vehicle type, client type, domicile, and ESG.

Report quantitative mandate-level datapoints such as market value, cash flow, and market appreciation for the monthly AUM submission process, and ensure accuracy through analysis and reconciliation.

Complete and distribute quarterly AUM reports that communicate business results and trends for downstream stakeholders.

Assist with process improvement and automation projects aimed at enhancing the AUM Reporting and Fee Billing processes.

What you will bring

Bachelor’s Degree in Business, Economics, Accounting, or Finance

Up to two years related experience, preferably in financial services, with a role that focuses on operational delivery

Previous experience working in an Operations, Billing, Reporting, or Finance department for an institutional investment management organization is a plus

Previous experience with Envestnet (Redi2) Revenue Manager and Aladdin systems is a plus

Strong communication skills and attention to detail are essential for this role

Must have strong organizational and time management skills

Must be capable of maintaining focus on both internal and external customers

Proficiency in Microsoft Office applications (e.g. Excel, Word, Outlook, and PowerPoint)

PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

Medical, dental, vision, life insurance and PTO (Paid Time Off)

Retirement plans :

401(k) plan with generous company match (up to 4%)

Company-funded pension plan

Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.

Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.