PGIM - Vice President, Corporate Counsel (Tax) (Hybrid) at Prudential Financial in Newark, NJ

Job description

Job Classification: Corporate - Legal and Compliance 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! PGIM is the global asset management business of Prudential Financial, Inc. and one of the world's leading investment managers. With approximately $1.5 trillion in assets under management, PGIM serves institutional and individual investors across public and private markets through a broad range of investment strategies, including fixed income, equities, real estate, private credit, multi-asset and alternative investments. Through investment funds, separately managed accounts and customized investment solutions, PGIM helps clients pursue their long-term investment objectives worldwide. PGIM's investment businesses combine deep market expertise, global reach and specialized capabilities to serve pension plans, sovereign wealth funds, insurance companies, financial institutions and individual investors across global markets. We are seeking an experienced and commercially-minded Vice President, Corporate Counsel (Tax) tax attorney to advise PGIM’s private credit, real estate fund and client advisory businesses on U.S. and international tax matters, including cross-border fund structures and investments. The role also covers PGIM-related matters with tax implications for Prudential Financial as a corporation, including strategic investments and transfer pricing considerations among PGIM entities. This senior product and transaction tax role sits at the intersection of fund and investment structuring, product development, and investor requirements. The attorney will work closely with PGIM’s business and legal teams and with Prudential Financial’s tax team to provide practical tax advice and help bring new products and mandates to market. The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site. What you can expect: Shape Fund Tax Structures and Bring Products to Market Partner with PGIM investment, product and legal teams, outside counsel, and Big Four firms on the tax design, launch and expansion of private credit, tax-aware strategies, asset-based finance and real estate funds. Design and evaluate U.S. and cross-border structures for U.S. taxable, tax-exempt and non-U.S. investors, including partnerships, REITs, feeders, parallel funds, blockers and other investment vehicles. Address withholding, treaty eligibility, permanent establishment risk and other international tax considerations. Develop strategies to admit new investor types while protecting the tax position of existing investors. Review tax provisions and disclosures in offering documents, limited partnership agreements, side letters and other fund documentation, and align those provisions with the fund’s intended investments and investor base. Support the tax implementation of new products and mandates, translating structuring decisions into workable investment-review, documentation and operational processes. Advise on tax issues throughout a fund’s life, including review of proposed investments for effectively conn