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 working 3 days in the Newark, NJ office and 2 days remote.
What you can expect
Manage the full lifecycle 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
Requirements
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; experien
Benefits
Vision insuranceRemote work options
Additional Information
Job Classification:
Investment Management - Investments
A GLOBAL FIRM 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!
Pru · Newark, NJ