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Prudential
Newark, NJ | Full Time
$134k-219k (estimate)
4 Months Ago
Investment Associate-International Portfolio Management
Prudential Newark, NJ
$134k-219k (estimate)
Full Time 4 Months Ago
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Prudential is Hiring an Investment Associate-International Portfolio Management Near Newark, NJ

Job Classification:

Investment Management - Investments

Do you have a desire and ability to work with business partners of different national and cultural backgrounds? The International Portfolio Management (IPM), a team within Prudential’s CIO Organization, coordinates and presides over aspects of portfolio management for Prudential’s international insurance businesses, including asset/ liability management and portfolio construction.

Each international business is subject to specific capital regimes, investment universes, regulatory structures, and support requirements which CIO addresses individually. In addition, the company relies on IPM’s Investment expertise for M&A and other transactions within PII as it seeks strategic opportunities for growth.

This position will focus on Prudential’s Emerging Markets Joint Ventures (JV) portfolio and provide critical hands-on support in the research design and implementation of investment strategies. The position will report to the Investment Senior Vice President of the Emerging Markets Team and support the Chief Investment Officer, International Businesses.

The current EWA 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 the development of appropriate investment strategies for each portfolio

  • Act as a liaison between the IPM and local teams

  • Collaborate with local investment teams on portfolio management topics:

    • Asset/liability management and portfolio construction, analytic and implementation support for new investment initiatives or transaction

    • Monitoring, review, and selection of new asset managers

    • Product development initiatives

    • Actively follow market developments and understand how they impact the portfolio and strategy

    • Research relative value opportunities from a qualitative and quantitative perspective

  • Prepare senior management presentations related to the investment portfolio and key initiatives

  • Build quantitative analytic and reporting capabilities

  • Facilitate and support a practical governance process and streamlined communication in all investment-related matters back to Prudential

  • Support, facilitate and influence our Joint Ventures Partners to establish an appropriate governance framework aligned with Prudential Operating Principles, including IPS and local Investment Committees.

  • Support M&A transactions by conducting operational and data analysis on due diligence needs for all investment-related purposes

What you’ll need:

  • 3-5 years of portfolio management or investment analysis experience within a financial services organization.

  • A BS/BA degree (or demonstrated proficiency) in a highly quantitative field such as statistics, mathematics, business, engineering, economics, computer science, finance, accounting or a similar quantitative subject area well individually and in a team

  • The ideal candidate is motivated, confident, curious, enjoys being challenged and works

  • Must have excellent verbal and written communication skills

  • Have an understanding or a genuine interest in both US capital markets as well as the global markets?

  • Ability to work in a fast-paced environment while working on multiple responsibilities

  • High level of technical skills; including ability to develop complex data models in Excel and exposure to computer programming (Python, R, Excel, Power BI, tableau)

It’d be a plus if you had:

  • Previous experience and knowledge of investments, asset allocation theory, and fixed income mathematics

  • Knowledge of insurance liabilities or actuarial skills

  • MBA, CFA charter, or other applicable degrees

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:

Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted within the International Portfolio or have moved into a role in the larger CIO organization.

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 including 1:1 Career advice, 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, visit Work Life Balance | Prudential Careers. 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 $110,000 to $130,000. 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.

Job Summary

JOB TYPE

Full Time

SALARY

$134k-219k (estimate)

POST DATE

01/06/2024

EXPIRATION DATE

05/22/2024

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