Job Classification:

Investment Management - Investments

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Global Portfolio Management (GPM) is a unit of the Chief Investment Office (CIO) organization that is responsible for the management of the $400 billion General Account, which includes the domestic and international insurance investment portfolios of Prudential Financial Inc. and affiliates.

GPM is responsible for developing asset-liability management-oriented portfolio strategies that include target levels of interest rate exposure and asset allocation among various public and private fixed income sectors and alternative assets. GPM implements these portfolio strategies by selecting, directing, and overseeing asset managers with scale and demonstrated expertise in the management of specific asset classes.

We are seeking an Investment Associate to join our Portfolio Strategist team within GPM. In this role you will provide critical, hands-on support in the research, development, and implementation of the Group Insurance (GI) and Long-Term Care (LTC) investment strategies. The individual will work closely with CIO’s portfolio managers, business partners within GI and LTC as well as corporate functions to support both businesses.

The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determine 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:
• Participate in the development and implementation of the investment strategies supporting the Group Insurance and Long-Term Care investment portfolios totaling $21B in assets.
• Support the development of Strategic Asset Allocation (SAA) targets and reinvestment strategies to support financial objectives that align with the duration profile and risk characteristics of the liability.
• Develop portfolio strategies within investment guidelines while balancing multiple constraints including investment and market risk limits, income volatility, tax realization, and capital usage.
• Partner with associates in Group Insurance and Long-Term Care, other teams within CIO (e.g., Global Investment Strategy (GIS), Manager of Managers, Modeling and Analytics) and corporate functions (e.g., Finance and Actuarial, Enterprise Risk Management, Treasurer’s department) in understanding and addressing portfolio issues.
• Collaborate with the business’ pricing and assumptions teams to enhance investment assumptions and investment risk methodologies used in new product pricing and in-force management.
• Engage in broad portfolio surveillance across multiple fixed income asset classes.
• Contribute to strategic portfolio outlook and positioning through regular relative value and risk assessment discussion.

What you’ll need:
• 3-5 years of investment and/or risk management experience is required
• Bachelor’s Degree
• Capital markets knowledge with experience in a variety of asset classes including corporate bonds, securitized products, and mortgage loans
• Strong communicator, coordinator and thought partner; as well as ability to problem solve and explain solutions (both oral and written)
• Excellent project management skills

It’d be a plus if you:
• Are pursuing a CFA designation and/or MBA
• Had previous experience in investments, credit analysis or fixed income
• Knowledge of insurance capital frameworks

 

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $125,000 to $155,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

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