PGIM Credit, Investments Director, Power and Energy

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!

This role will manage and originate investment transactions in power generation assets such as wind, solar, hydroelectric, natural gas-fired power plants, transmission assets, as well as investments in power project developers, utilities, and cooperatives. The group has a geographic focus on North America, Latin America, UK/Europe and Australia, providing candidates a global perspective on power investing. This experienced Investment Professional will lead a team responsible for sourcing, underwriting and managing senior debt, investment grade, below investment grade and mezzanine investments.

This position will report to the Managing Director of PGIM’s Real Assets - Power group and will be based in Newark, NJ.

• Sourcing new private placement senior debt and mezzanine investments typically ranging in size from $25 to $250+ million both on a direct basis and via intermediaries and advisors
• Supervising and developing junior investment professionals
• Generating new deal flow by developing and maintaining relationships with clients, sponsors, prospects, intermediaries and advisors within the targeted markets
• Managing a portfolio of existing Power investments, including projects, portfolios of projects, utilities and cooperatives
• Working with lawyers to successfully negotiate financing documents
• Working with the Managing Director to successfully accomplish the objectives of the Real Assets - Power group and PGIM overall

• Bachelor’s degree required
• 8+ years of experience in the power project and utility finance industry, with a focus on project finance structuring and transaction documentation, including familiarity with tax equity structures
• Track record of closing transactions, including originating, structuring and negotiating deals and working with lawyers on financing documentation and carrying the process through closing of the transaction
• Excellent presentation and communication skills; having an ability to communicate results and influence decisions and direction at the senior management level
• Strong analytic and investment skills and a proven track record in making and/or managing solid debt investments over time
• Excellent relationship skills and proven ability to develop business with new and existing clients
• Ability to distill, and then to clearly and concisely communicate, complex issues to a variety of decision makers and audiences
• Highly motivated, creative problem solver and the ability to thrive in a fast-paced, results oriented environment
• Ability to travel

• An MBA and/or the CFA designation
• Strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members
• Ability to operate with a sense of urgency and to work productively with internal investment teams and support functions, as well as clients and external advisors

PGIM believes in the Power of a Hybrid work…