E Fundresearch
Treasury Analyst, Direct Lending (m|w|d)
E Fundresearch, Chicago, Illinois, United States, 60290
Treasury Analyst, Direct Lending (m|w|d) Chicago
Treasury Vollzeit ohne Führungsaufgaben mit betrieblicher AltersvorsogeAbout PGIM Private CapitalAt 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.About PGIM – Global Asset ManagementPGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.27 trillion in assets under management as of June 30th, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs 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.The PGIM Private Capital Fund Operations team is seeking a Treasury Analyst specific to the Direct Lending product. 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, two mezzanine energy funds and two Direct Lending fund complexes (and associated separate accounts). The Direct Lending strategy within PGIM Private Capital is responsible for originating, underwriting, and managing a portfolio of privately placed leveraged loans for middle market issuers ($10-100 million of EBITDA). The Treasury Analyst will be expected to play an integral role in continuing to grow the strategy.What you will doProvide cash management support through cash analyses for deal fundings, subscription and leverage line borrowings/repayments, and capital call needs across various fund entitiesExecute cash settlements for expense invoices, forward contract settlements, and transfers between entities to position cash for deal fundingsAssist in management of multiple middle market direct lending debt facilities with thorough understanding of the related documentation and deliverablesPrepare, maintain, and submit all schedules/reports required under credit agreementsMonitor compliance to debt covenants/restrictions/thresholds for multiple debt facilitiesAssist in monitoring deal pipeline activity, deal funding/liquidity forecasts, and allocationsAssist with foreign currency hedging transactions, reconcile transactions and outstanding forward contracts with hedge counterpartiesAssist in loan rating process with various rating agencies and maintain databaseCommunicate with internal and external stakeholdersAssist the Fund Operations team in periods of peak demand and ad hoc projectsJoin a global operations team by working with staff located in Chicago, Newark, and IrelandWhat you will bring:1 to 3 years of accounting, audit, fund administration or operations experience in financial servicesExperience in a Treasury role (private credit firm preferred), custodian bank, administrative agent, cash and/or debt facility managementStrong Excel modeling & analysis skillsWhat will set you apart:Underwriting fund debt facilities at a bankKnowledge of Wall Street Office and Allvue (fka Black Mountain) systemsAbility to convey sense of urgency and to work productively with both internal and external business partnersStrong organizational skills including the ability to adapt to changing circumstances and adjust priorities as neededSuperior analytical skills, accuracy and careful attention to detail are essentialHigh-energy person who brings positivity, geniality, and optimism to workCritical thinking and problem-solving experience requiredPGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.We look forward to receiving your application.Our Commitment to Diversity, Equity, and Inclusion:Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We do not just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future.
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Treasury Vollzeit ohne Führungsaufgaben mit betrieblicher AltersvorsogeAbout PGIM Private CapitalAt 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.About PGIM – Global Asset ManagementPGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.27 trillion in assets under management as of June 30th, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs 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.The PGIM Private Capital Fund Operations team is seeking a Treasury Analyst specific to the Direct Lending product. 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, two mezzanine energy funds and two Direct Lending fund complexes (and associated separate accounts). The Direct Lending strategy within PGIM Private Capital is responsible for originating, underwriting, and managing a portfolio of privately placed leveraged loans for middle market issuers ($10-100 million of EBITDA). The Treasury Analyst will be expected to play an integral role in continuing to grow the strategy.What you will doProvide cash management support through cash analyses for deal fundings, subscription and leverage line borrowings/repayments, and capital call needs across various fund entitiesExecute cash settlements for expense invoices, forward contract settlements, and transfers between entities to position cash for deal fundingsAssist in management of multiple middle market direct lending debt facilities with thorough understanding of the related documentation and deliverablesPrepare, maintain, and submit all schedules/reports required under credit agreementsMonitor compliance to debt covenants/restrictions/thresholds for multiple debt facilitiesAssist in monitoring deal pipeline activity, deal funding/liquidity forecasts, and allocationsAssist with foreign currency hedging transactions, reconcile transactions and outstanding forward contracts with hedge counterpartiesAssist in loan rating process with various rating agencies and maintain databaseCommunicate with internal and external stakeholdersAssist the Fund Operations team in periods of peak demand and ad hoc projectsJoin a global operations team by working with staff located in Chicago, Newark, and IrelandWhat you will bring:1 to 3 years of accounting, audit, fund administration or operations experience in financial servicesExperience in a Treasury role (private credit firm preferred), custodian bank, administrative agent, cash and/or debt facility managementStrong Excel modeling & analysis skillsWhat will set you apart:Underwriting fund debt facilities at a bankKnowledge of Wall Street Office and Allvue (fka Black Mountain) systemsAbility to convey sense of urgency and to work productively with both internal and external business partnersStrong organizational skills including the ability to adapt to changing circumstances and adjust priorities as neededSuperior analytical skills, accuracy and careful attention to detail are essentialHigh-energy person who brings positivity, geniality, and optimism to workCritical thinking and problem-solving experience requiredPGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.We look forward to receiving your application.Our Commitment to Diversity, Equity, and Inclusion:Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We do not just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future.
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