Residential Mortgage Loan; RML Transaction Management Associate; Hybrid​/Newark, NJ

Position: PGIM: Residential Mortgage Loan (RML) Transaction Management Associate (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 highly detail-oriented Residential Mortgage Loan (RML) Transaction Management Associate to support the end-to-end execution of whole loan residential mortgage acquisitions, from trade confirmation through funding, closing, collateral delivery, and post-close trailing documentation. This role sits at the intersection of investments, operations, servicing, custodians, and counter parties, ensuring operational precision, data integrity, and timely settlement of RML transactions within a global asset management platform.

The ideal candidate brings hands-on experience with whole loan trade execution combined with exceptional technical skills and a strong interest in leveraging AI, Power BI, and other data tools to enhance transparency, scalability, and control.

This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remote.

What you can expect

* Manage the full lifecycle of residential mortgage whole loan transactions, from trade confirmation through funding and trailing documents

* Review and validate trade confirmations, prepare trade allocation recommendations, and funding schedules to ensure alignment with executed terms

* Coordinate with sellers, originators, servicers, trustees, custodians, bailees, internal investment teams, and legal to facilitate timely and accurate closings

* Track and resolve trade breaks, funding discrepancies, settlement issues and trailing documents

* Ensure compliance with transaction-specific requirements, closing timelines, and operational controls

Bailee, Collateral & Trailing Document Management

* Oversee bailee arrangements, including bailee letters, collateral certification, interim collateral control, and release upon custodial delivery

* Track, review, and reconcile collateral packages (notes, mortgages, assignments, allonges, title policies, etc.)

* Manage trailing document pipelines, including follow-ups, exception tracking, aging analysis, and resolution

* Partner with custodians and other vendors to ensure timely final certification

* Maintain accurate documentation status across internal systems and reporting tools

Cash Flow, Servicing & Remittance Oversight

* Support onboarding of loans to servicers and loan management platforms

* Perform oversight of monthly remittance and cash flow reconciliations across principal, interest, fees, and advances

* Assess whether loans qualify as early payoffs or early payment defaults and process repurchase or indemnity payments from sellers

* Validate servicer reporting against expected cash flow models and deal terms

* Identify, investigate, and resolve cash flow discrepancies and servicing exceptions

Data Management, Reconciliation & Controls

* Review and validate loan-level data at acquisition and throughout the loan lifecycle

* Reconcile data across front-office models (e.g., Aladdin), accounting systems, servicing platforms, custodians, and deal tapes

* Perform QA on periodic data extracts and investor reporting

* Support audit requests, regulatory reporting, and internal controls testing

* Maintain detailed documentation of processes, workflows, and operational controls

Technology, Automation & Analytics

* Leverage Excel, Power BI, SQL, and other databases to build dashboards and reporting tools that enhance portfolio…