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!
The Global Portfolio Management (GPM) group is the team responsible for managing Prudential’s proprietary investment portfolios globally. GPM develops 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.
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:
Support ALM strategy for Prudential’s Bermudan entities by developing Strategic Asset Allocation, ensuring appropriateness of portfolio benchmarks, engaging in large scale portfolio-related initiatives and transactions, and providing investment support for product pricing and development
- Assess tactical asset allocation opportunities recommended by PMs, GIS, and PGIM, and assist in quantifying the overall impact in Bermuda, including the impact on Adjusted Operating Income, risk, capital, and reserves
- Engage with GPM portfolio managers and analytics team on implementation of ALM strategies, portfolio repositioning, risk monitoring, and reporting
- Work closely with Actuarial partners to improve ALM analytics and processes.
- Represent GPM with respect to Bermuda initiatives with corporate partners including ERM, Actuarial, Finance and Tax
- Support communication of portfolio investment and risk management themes (e.g. Strategic Asset Allocations, Business Unit ALCOs, Legal entity ICs, Income Attribution, Economic Benchmarking and NII Forecasts) for USPM
- Provide analytical support to Business Unit Strategists for key business/product initiatives
- Support PMs in managing cash, liquidity, portfolio appetite, limit monitoring and special transactions
- Participate in portfolio management/market discussions
- Key collaboration partner with other CIO groups
What you’ll need:
- Seven (7) or more years’ experience in complex financial analysis, fixed income markets, derivative modeling and/or portfolio asset liability management
- Bachelor's Degree
- Excellent project management skills
- Ability and confidence to challenge constructively in meetings
- Proven analytical and research experience applying same in an investment, risk or actuarial assignment
- Strong reasoning and excellent written communication skills. Ability to understand complex technical investment and financial issues and synthesize knowledge into clear business terms to inform senior management decision-making
- Solid understanding of ALM and varying liability structures
- Demonstrated efficiency working independently and in multi-disciplinary teams
- Self-starter with ability to multi-task and work effectively under a multifaceted environment with limited direct supervision.
It’d be a plus if you had:
- CFA designation, FSA and/or MBA
- Experience in Bermudan frameworks from an investment and/or actuarial perspective highly preferred
- Knowledge of Prudential’s businesses and products with experience in analysis of insurance products
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
- Market competitive base salaries, with a yearly bonus potential at every level
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
- Retirement plans:
- 401(k) plan with 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 and mental health, and career development.
- Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
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 $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. 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.
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.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
