This job has expired, please see additional jobs below
Investment Associate, Global Portfolio Management
Prudential Securities
Newark, NJ, United States
Job Details - this job has expired, please see similar jobs below
Description
Global Portfolio Management (GPM), a division of Prudential’s CIO Organization, is responsible for coordinating and overseeing all aspects of portfolio management for Prudential’s insurance businesses, including asset/liability management and portfolio construction.
This Newark-based position will report to an experienced portfolio manager as part of a team that directly supports the Domestic Chief Investment Officer.
Under the direct supervision, the candidate assembles and reviews data, and assists in completing statistical studies and industry analyses. Acquiring and developing investment strategy and asset allocation knowledge and skills. Up to 3 years of investment experience. Likely has an MBA and has or is acquiring a CFA. Acquiring and developing fundamental knowledge and skills. This function covers staff responsible for developing investment ideas, investment themes, and asset allocation recommendations that are used by other investment areas within the firm. Importantly, this function is responsible for generating ideas, but is not responsible for managing actual funds portfolios.
Responsibilities:
• Collaborate with portfolio manager in the development of asset-liability management oriented investment policies and portfolio strategies that satisfy the business’s multiple objectives and constraints, including: investment income requirements, tolerance for financial statement volatility, RAC, economic risk of loss, and returns on economic capital.
• Support the portfolio manager in constructing and implementing investment plans including development and monitoring of derivative strategies.
• Develop/apply analysis and reporting tools for evaluating investment activities in the context of financial and economic frameworks. Assessing portfolio investment performance and analyzing the drivers of results
• Manage and support “special projects” on portfolio management-related issues such as building and supporting liability models, developing product hedging strategies, evaluating suitability and relative attractiveness of potential investment initiatives, and analyzing new business opportunities.
• Coordinate and partner with other insurance business functional representatives, and corporate functions (e.g., Enterprise Risk Management, Corporate Actuarial, Treasurer’s Department, and Finance) in addressing issues impacting the portfolios.
• Serve as team lead managing an investment analyst
Qualifications
• The ideal candidate is motivated, confident, enjoys being challenged and works well individually and in a team-based environment.
• Very strong analytic and quantitative skills. MBA degree or candidate strongly preferred, and CFA charter a plus.
• 5-7 years of prior investment experience required
• Knowledge of investment/asset allocation theory and fixed income mathematics.
• Proficiency in Excel-based modeling (experience with Tableau, VBA, MATLAB, or C++ is a plus).
• Strong interpersonal skills, clear communication skills, and the desire and ability to work with business partners of different backgrounds.
• Knowledge of insurance liabilities a plus.