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!
This position will report to the VP Portfolio Manager for the Individual Annuities and Individual Life portfolios in the US Portfolio Management division of the Chief Investment Office (CIO). The Investment Associate will provide hands-on support in the management of those portfolios and will have the opportunity to expand their portfolio management skills, decision-making abilities, as well as related market and asset class knowledge.
The current Employee Work Arrangement (EWA) for this position is Hybrid and requires your on-site presence on a reoccurring basis as set 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 Portfolio Managers in conducting regular ALM activities such as managing cash, liquidity, appetite, limits etc.
• Work with team to efficiently communicate activity and performance – Business Unit Asset-Liability Committee ‘s (ALCO):, Legal Entity ICs, income attribution, forecast process etc.
• Assist in the development and maintenance of portfolio management tools, methodologies, and Strategic Asset Allocations
• Manage the investment analysts team supporting the PM team (part of the CIO analyst program)
What you’ll need:
• Minimum 4-6 years of investment experience with exposure to a mix of asset classes such as public/private fixed income, public equities, real estate
• BS/BA degree in statistics, mathematics, business, engineering, economics, computer science, finance, accounting, or similar highly quantitative subject are
• Solid understanding of Asset-Liability Management
• Possess advanced quantitative and analytical skills, with tools such as Excel/Tableau/Power BI competence
• Ability to collaborate, build partnerships and communicate across varying levels of financial knowledge.
It’d be a big plus if you had:
• Progress towards graduate degree, CFA or similar certification
• Working knowledge of Prudential’s businesses and product offering
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.
What we offer you:
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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.
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. To find out more about our Total Rewards 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
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What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients. The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives. In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact. *Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
