Senior Associate, Portfolio Construction & Manager Selection - PGIM Multi Asset Solutions ( Hybrid/ Newark, NJ)

Job Classification:

Corporate - Human Resources

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!

What you can expect

The PGIM Multi-Asset Solutions (“PMA”) team is looking for a sharp and analytical individual to join the team as a Senior Associate, Portfolio Construction and Manager Selection .  You will be reporting to the Co-Head of Portfolio Management and will be part of the investment team with the following key responsibilities:

• Work with broader investment and risk teams within PMA in assessing new asset classes and investment opportunities

• Construct customized portfolios, including appropriate implementations, taking into consideration client objectives and constraints

• Evaluate suitability of PGIM strategies relative to client portfolio objectives and constraints

• Calculate manager-level risk and return analytics, including historical metrics and scenario analyses, to fully analyze risk and return tradeoffs

• Liaise with relevant PMA teams and external parties to perform due diligence and select third-party managers, where appropriate, for use across PMA client portfolios

• Prepare memos with relevant risk and return analytics to support investment case for specific manager implementations

• Present manager recommendations to internal PMA stakeholders and clients, as needed

• Work with PMA PM and Operations teams to onboard new managers, including negotiation of manager guidelines

• Meet regularly with managers (both internal and external) to monitor changes in strategy, PM team, flows, performance and risks

• Promptly update PM and client teams on any manager issues which require portfolio actions

• Contribute to new investment and implementation ideas

What you will bring

• Bachelor's Degree or equivalent required

• 5-7 years of direct experience in manager due diligence and selection, with a special focus in alternative strategies (e.g. private credit, equity and hedge funds)

• Understanding of portfolio construction theories and techniques

• Familiarity with multi-asset classes, with a specific emphasis on fixed income and alternative asset classes

• Quantitative background in financial modelling, data analytics, and statistical methods

• Ability to analyze large amount of data in order to generate a clear conclusion and recommendation 

• Fluent in techniques to evaluate risk-return characteristics of different asset classes and manager types

• Knowledge of private asset cash flow models

• Familiarity with utilization different asset class databases (e.g. Preqin, Morningstar, Cambridge…etc)

• Expertise in assessing risk exposures for portfolios supporting various insurance liabilities

• Creative problem solver with focus on innovation

• Must be able to effectively partner with teams across PMA and PGIM asset managers

• Strong communicator with ability to develop reports and present them to clients and senior management

What will set you apart

• Open-minded, innovative, strategic thinker

• Chartered Financial Analyst (CFA) designation is preferred

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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