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

Job Classification: Product Management - Product Management 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 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. What you can expect 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 What you will bring 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 What will set you apart? 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 *PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply. Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $190,000 – $230,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. What we offer you: 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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 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. If you need an accommodation to complete the application process, please email [email protected]. If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t 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. We encourage employees to hone their skills and explore continued opportunities within Prudential. PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 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. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t 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. We encourage employees to hone their skills and explore continued opportunities within Prudential.