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

Job Classification

Investment Management - Investments

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 3 days in the Newark, NJ office and 2 days remote.

• Full lifecycle management 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 visibility
• Utilize Microsoft
  365 (Excel, SharePoint, Teams, etc.) to streamline workflows and documentation tracking
• Partner with technology and data teams to improve operational scalability, automation, and system integrations

• Bachelor’s degree in Finance, Accounting, Economics, or related field
• 2–5+ years of experience in residential mortgage loan operations, RML transaction management, structured products, or asset management
• Direct experience executing RML purchases (experience on all steps from trade confirmation through closing strongly preferred)
• Hands‑on exposure to RML bailments, custodial delivery, and trailing document management
• Strong understanding of mortgage loan cash flows, servicing practices, and collateral requirements
• Advanced Excel skills required; experience with Power BI, SQL, Python, or AI‑enabled tools…