Prudential Financial - Newark, NJ
posted 3 months ago
As a Principal within the public and private Securitized Products group of PGIM Fixed Income, you will play a pivotal role in the research and evaluation of bespoke U.S. and global transactions across the consumer, esoteric, and commercial Asset-Backed Financing (ABF) and Asset-Backed Securities (ABS) sectors. This position requires a deep understanding of the intricacies involved in these markets, as you will be responsible for underwriting new issues and secondary investment opportunities, negotiating document terms with issuers and sponsors, and analyzing collateral to develop modeling assumptions. You will also determine proprietary credit ratings and perform ESG reviews of issuers and transaction parties, assigning proprietary ESG Impact scores as part of your responsibilities. In this role, you will collaborate closely with senior associates and various internal teams, including portfolio management and in-house counsel, to assess investment suitability and relative attractiveness. Your ability to communicate effectively will be crucial as you present transaction-specific and sector-wide analyses to both internal and external audiences, including portfolio managers and clients. Additionally, you will be tasked with maintaining views on industry-wide issues that impact originators, broker/dealers, and investors, which may include monitoring regulatory changes and legal precedents that affect the market. The successful candidate will also undertake ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, and trading opportunities. This position is designed for an individual who is not only experienced in the field but also possesses a strong analytical mindset and the ability to work independently while contributing to a collaborative team culture.