Distinguished Debt Strategist

1 week ago


London, Greater London, United Kingdom Prudential Financial Full time

PGIM Fixed Income | Distressed Credit Associate

A Position with Global Impact

About Us

At Prudential Financial, Inc., we're dedicated to creating a culture of inclusivity and respect. As the global asset management business of Prudential, our European leverage finance team in London is seeking a highly skilled Distressed Credit Associate.

The Role

We're looking for an ambitious professional with strong analytical skills to support our Senior Distressed Credit Situations Analysts. The successful candidate will contribute to developing recommendations for Sector Portfolio Managers on positioning individual credits within performing and opportunistic client portfolios. This role requires meticulous financial modeling skills, robust knowledge of accounting concepts, and a solid understanding of High Yield credit documentation.

Your Key Responsibilities

  • Analyzing stressed/distressed investment opportunities and preparing comprehensive financial and valuation analysis, including reviewing legal documentation and structure.
  • Monitoring the development of stressed/distressed credits within existing portfolios and the European high yield market generally.
  • Collaborating with high yield sector analysts to support or transition coverage of stressed/distressed situations.
  • Working with internal legal and operations teams to support the execution of restructuring transactions.

What We Offer

As a Distressed Credit Associate at PGIM Fixed Income, you can expect:

  • A competitive salary range of £60,000 - £80,000 per annum, commensurate with experience.
  • Private Medical Insurance: We offer private medical insurance and pay the full premium on behalf of all employees.
  • Annual Leave: Enjoy 25-28 days' annual leave at full pay, based on years of service.
  • Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.
  • Life Assurance & Income Protection: Life Assurance for 12 times your basic annual salary, up to a maximum benefit of £1.8million. 60% of your basic annual salary for a limited payment term of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.

Our Culture

We believe in fostering growth and development at all levels to develop industry leaders of tomorrow. At PGIM Fixed Income, you'll work in a safe, inclusive environment centered around mutual respect, intellectual honesty, transparency, and teamwork.



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