PGIM Private Capital - Investment Team Leader, Power & Renewables (Newark, NJ)

The PPC Power and Renewables team manages an approximately $9 billion dollar portfolio of private investments in debt and structured equity in power generation and power infrastructure. Candidates can expect to 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 Power debt and mezzanine investments. This position will report to the Managing Director of PPC's Real Assets Power Group and will be based in Newark, NJ.

What you can expect

• Sourcing new private placement senior 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 Power Group and PPC overall

What you will bring

• 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
• Ability to travel

What will set you apart

• An MBA and/or the CFA designation
• Strong analytic and investment skills and a proven track record in making and/or managing solid debt investments over time
• Critical reasoning, natural curiosity and good common sense
• Highly motivated and creative problem solver
• 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
• Strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members
• Excellent presentation and communication skills; having an ability to communicate results and influence decisions and direction at the senior management level
• 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
• Ability to thrive in a fast-paced, results oriented environment

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)
• Retirement plans: 401(k) plan with generous company match (up to 4%); Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.

Salary Range Disclosure

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $175,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

About Prudential Private Capital

With approximately $100 billion in AUM, Prudential Private Capital (PPC) is the asset manager of Prudential Financial, Inc. managing private debt and structured equity assets and one of eight investment units of PGIM. Our expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to source and manage new investments and manage a private credit portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-teams with emphasis on collaboration and the ability to make a real impact on PPC's growth and performance. We challenge you as an individual so you can make real contributions while you grow your capabilities.

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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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