PGIM Fixed Income | Associate

2 months ago

London, United Kingdom Prudential Financial Full time

PGIM Fixed Income | Distressed Credit Associate

Based in London |

A GLOBAL LEADING ASSET MANAGER 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:

This is a new and exciting opportunity for an Distressed Credit Associate  to join the European leverage finance team in PGIM Fixed Income’s London office.  The Associate will work alongside the Senior Distressed Credit Situations Analysts and support them to (i) analyse, monitor and identify stressed/distressed credit investments across the European leverage finance corporate sectors and (ii) support the execution of financial restructurings. The Associate will contribute to developing  recommendations for Sector Portfolio Managers on positioning of individual credits within performing and opportunistic client portfolios. Recommendations will be based on fundamental financial and valuation analysis as well as legal structure and documentation considerations. Strong and proven financial modelling skills, a robust knowledge of accounting concepts and a basic understanding of High Yield credit documentation as well as analytical rigour together with attention to detail are key requirements.

What you can expect:  

  • Diligence stressed/distressed investment opportunities and independently prepare financial and valuation analysis as well as undertake a basic review of legal documentation and structure
  • Monitor the development of stressed/distressed credits within existing portfolios and the European high yield market generally
  • Interacting with high yield sector analysts to support or transition coverage of stressed/distressed situations
  • Interacting with internal legal and operations teams to support the execution of  restructuring transactions

What you will bring:

  • Bachelor’s degree required, MBA (or equivalent) or CFA preferred
  • Associate-level experience with exposure to credit analysis at an investment management, financial or restructuring advisory firm. Experience with distressed investments beneficial.
  • Strong financial modelling skills, robust knowledge of accounting concepts and a basic understanding of High Yield credit documentation
  • Attention to detail, analytical rigour and ability to work independently in a fast-paced environment
  • Strong critical thinking and logic skills
  • Maintains high level of productivity and self-direction
  • Excellent communication skills. Proficiency in a European language in addition to English beneficial

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

What we offer you:

  • Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.
  • Annual Leave of 25 to 28 days, based on years of service, at full pay.
  • 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 you basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe inclusive environment, centred around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. For more information, please visit

About PGIM – Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.2 trillion in assets under management as of 30th December,2022. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back almost 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit

-

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.

  • Fixed Income Specialist

    4 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income | Distressed Credit OpportunityAbout the Role:This is a new and exciting opportunity for a Distressed Credit Associate to join the European leverage finance team in PGIM Fixed Income's London office. The Associate will work alongside Senior Distressed Credit Situations Analysts and support them in analysing, monitoring, and identifying...

  • Fixed Income Specialist

    1 month ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income | Distressed Credit AssociateA Global Leader in Fixed Income ManagementPGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our team is dedicated to providing innovative investment strategies that meet the evolving needs of our clients.About the RoleThis is a new and exciting opportunity for...

  • PGIM Fixed Income | Trading Analyst

    2 months ago

    London, United Kingdom PGIM Full time

    PGIM Fixed Income | Junior Trader Investment Grade Desk, London based A GLOBAL LEADING ASSET MANAGER 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...

  • Fixed Income Specialist

    4 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income is seeking a highly skilled Distressed Credit Associate to join our European leverage finance team in London. As a key member of our team, you will work closely with Senior Distressed Credit Situations Analysts to analyze, monitor, and identify stressed/distressed credit investments across the European leverage finance corporate sectors....

  • Fixed Income Specialist

    4 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income | Client Advisory Support SpecialistA GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREAs a key member of the Sales and Consultant Relations team, you will play a vital role in identifying and cultivating institutional relationships and opportunities in the UK, Ireland, and Middle East. Your primary responsibility will be to...

  • Fixed Income Investment Analyst

    3 days ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income Distressed Credit Associate RoleWe are seeking a highly skilled Fixed Income Investment Analyst to join our European leverage finance team in PGIM Fixed Income's London office. This is an exciting opportunity for an individual with a strong background in credit analysis and financial modeling to contribute to the development of...

  • Fixed Income Strategist

    3 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    About PGIM Fixed Income:PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our leaders are focused on talent & culture; 33 trillion multi-affiliate manager, in turn owned by Prudential Financial, Inc.Key Responsibilities:Develop a solid understanding of PGIM Fixed Income strategies (traditional and...

  • Fixed Income Specialist

    4 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income | Career OpportunityAbout the Role:The Institutional Client Advisory Support Specialist will be an integral part of a Sales and Consultant Relations team focused on the UK, Ireland, and Middle East. This role will assist with the identification and cultivation of institutional relationships and opportunities.Key Responsibilities:Develop...

  • Fixed Income Product Manager

    4 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    PGIM Fixed Income | Director, Product Management & StrategyA GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREWe'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...

  • Product Strategy Director

    3 weeks ago

    London, Greater London, United Kingdom PGIM Fixed Income Full time

    About the RoleWe are seeking a highly skilled Product Strategy Director to join our team at PGIM Fixed Income. As a key member of our organization, you will be responsible for driving the development and implementation of our product strategy across the EMEA region.Key ResponsibilitiesAct as a reliable source of UCITS and QIF knowledge for the PGIM FI Client...

  • PGIM Fixed Income Distressed Credit Associate

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income | Distressed Credit Investment OpportunityBased in London | A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREWe're seeking a talented Distressed Credit Associate to join our European leverage finance team in PGIM Fixed Income's London office. As a key member of our team, you'll work alongside Senior Distressed Credit...

  • PGIM Fixed Income Distressed Credit Associate

    3 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income Distressed Credit Associate RoleAbout the JobWe are seeking a highly skilled Distressed Credit Associate to join our European Leverage Finance team in London. As a key member of our team, you will work closely with Senior Distressed Credit Situations Analysts to analyze, monitor, and identify stressed/distressed credit investments across...

  • PGIM Fixed Income Distressed Credit Associate

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income | Distressed Credit AssociateA Global Asset Manager with a Diverse & Inclusive CultureWe're a leading asset manager with a passion for making a meaningful impact. Our team is dedicated to solving financial challenges in an ever-changing world.We believe talent is key to achieving our vision and are intentional about building a culture on...

  • PGIM Fixed Income Distressed Credit Associate

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income | Distressed Credit AssociateA Global Asset Manager with a Diverse & Inclusive CultureWe're a leading global asset manager, passionate about making a meaningful impact and solving financial challenges in an ever-changing world. Our culture is built on respect and collaboration, and we're intentional about building a team that's diverse,...

  • PGIM European Services Ltd | Compliance Analyst

    4 months ago

    London, United Kingdom PGIM Full time

    A GLOBAL LEADING ASSET MANAGER 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...

  • PGIM Fixed Income Distressed Credit Professional

    3 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    Role SummaryPGIM Fixed Income Distressed Credit AssociateThis is an exciting opportunity to join the European leverage finance team in PGIM Fixed Income's London office as a Distressed Credit Associate.Key ResponsibilitiesAnalyse and monitor stressed/distressed credit investments across the European leverage finance corporate sectors.Support the execution of...

  • PGIM Fixed Income Specialist

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    About PGIM Fixed IncomePGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe, inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent and culture, dedicated to fostering growth and development at...

  • Fixed Income Trader

    3 weeks ago

    London, Greater London, United Kingdom PGIM Full time

    Job Summary:We are seeking a talented Fixed Income Trader to join our Investment Grade Desk team in London. As a key member of our team, you will be responsible for assisting Portfolio Managers in implementing relative value strategies across our client base.Key Responsibilities:Assist with the completion of new issue order processes and booking...

  • PGIM Fixed Income Business Development Specialist

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income | Institutional Client Advisory Support SpecialistA GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREWe're a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe, inclusive environment, centred around mutual respect, intellectual honesty, transparency, and teamwork....

  • PGIM Fixed Income Director Product Management Strategy

    4 weeks ago

    London, Greater London, United Kingdom Prudential Financial Full time

    PGIM Fixed Income | Director, Product Management & StrategyA GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREWe are seeking a skilled Product Management Specialist to join our team at PGIM Fixed Income. As a key member of our Client Advisory Group, you will be responsible for the business oversight, administration, and coordination of...