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!
What You Will Do
As our client’s needs evolve and our business continues to grow, we are creating a new role within PGIM Fixed Income to help identify solutions that help us better service our insurance clients. We achieve this by helping our investors own attractive assets in a way format that works for their respective balance sheet.
In this highly visible role, you will report to the Co-head of Securitized Products and work very closely with the investment teams across fixed income (not limited to just securitized). You will also work closely with our clients and other external partners (trading counterparties, issuers, rating agencies, etc.).
The ideal candidate will have an understanding across a variety of asset classes (consumer credit, commercial lending, mortgage, fund finance, private credit, etc.), an established understanding of the regulatory landscape for insurers (US, Bermuda and Japan) and a robust network of market participants across rating agencies, issuers, and other investors.
This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely. Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week. Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).
What You Can Expect
- Work closely with investment teams to structure assets to achieve desired regulatory and accounting treatment for our clients.
- Work closely with the accounting policy teams of significant clients to ensure proposed capital solutions achieve each client’s respective priorities.
- Work with portfolio management and product development to design PGIM fund offerings for insurance clients with statutory and rating agency capital constraints.
- Collaborate with affiliated business units to find solutions for internal and external insurance clients. Includes both prospective and existing investments.
What You Will Bring
- Minimum of 7 years' work experience, preferably in investment banking, insurance or asset management.
- At least 5 years of experience in structuring transactions to optimize insurance capital requirements.
- Strong understanding of the regulatory requirements and sensitivities of insurers regulated in the US, Bermuda, Japan and the European Union.
- Robust investment background in various collateral types (corporate credit, CRE, and asset-based finance) to assist the securitized product team structure the underlying asset cash flows to achieve long-term capital efficiency within vehicles for insurance clients.
- Highly organized.
- Excellent quantitative/analytical and written/verbal communication skills.
- Excellent time and project management skills.
- Ability to work effectively with all levels of personnel, both internal and external.
- Established relationships with NRSROs and regulatory bodies is a strong differentiator.
- 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%) and 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 health, and career development.
- Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
To find out more about our Total Reward package, Total Rewards Brochure
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base 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. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
About PGIM Fixed Income
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With over 1100 employees and $805bn assets under management (as of June 2024), the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Paris, Sydney, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent and culture; dedicated to fostering growth and development at all levels to develop the industry leaders of tomorrow.
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.
